In a recent published report, Kenneth Research has updated the market report for Automotive Drive Shafts Market for 2024 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2024- Positive Growth in the economic demand and supply.
According to the statistics by the Organization for Economic Co-operation and Development (OECD), the United States recorded to be the largest exporters of international trade in services amongst all the OECD nations with a value worth USD 827 billion in the year 2018.
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Global Automotive Drive Shafts Market is forecasted to reach $9 billion by 2024; growing at a CAGR of 6.1% from 2016 to 2024. Automotive drive shafts are prepared from steel, aluminium, and carbon fibre. It reduces the overall weight of the vehicle with more speed and low fuel consumption, by transmitting power from the engine to the wheels. Furthermore, driving factors such as growth in automobile sector, stringent carbon emission regulations, and, rising concern about fuel efficiency are driving the global automotive drive shafts market. However, a high deviation of the material prices used in manufacturing of light weight drive shaft may hamper the growth of the market. Growing consumer awareness would provide growth opportunities for the market in coming years.
The key segments of the global automotive drive shafts market are vehicle type, shaft type, and position type. The market by vehicle type has been bifurcated into heavy commercial vehicles, passenger car, and light commercial vehicles. Shaft type segment includes flexible drive shaft, Hotchkiss drive shaft, and torque tube drive shaft. Front wheel drive shaft and rear wheel drive shaft are sub segments of position type.
The global automotive drive shafts market by geography has been categorized into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers Germany, France, UK, Italy, and others. Asia-Pacific covers China, India, Japan, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
The key market players of the market are Yamada Manufacturing, American Axle Manufacturing Inc., GKN PLC., Dana Incorporated, Neapco Holdings, LLC., Nexteer Automotive, The Timken Company, IFA Rotorion, Xuchang Yuangdong, Wilson drive shafts and among others.
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Table of Contents
Chapter 1: Prefix
1.1. Market Scope
1.2. Report Description
1.3. Research Methodology
1.3.1. Primary Research
1.3.2. Secondary Research
1.3.3. In-house Data Modelling
Chapter 2: Executive Summary
Chapter 3: Market Outline
3.1. Market Inclination, Trend, Outlook and Viewpoint
3.2. Market Share Analysis: Company’s Competitive Scenario
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Impact Analysis
3.4.2. Restraints
3.4.2.1. Impact Analysis
3.4.3. Opportunities
3.5. Porter’s five forces analysis
3.5.1. Factors Impact Analysis
Chapter 4: Automotive Drive Shafts Market by Vehicle Type: Market Size and Forecast, 2015-2024
4.1. Heavy Commercial Vehicles
4.2. Passenger Cars
4.3. Light Commercial Vehicles
Chapter 5: Automotive Drive Shafts Market by Shaft Type: Market Size and Forecast, 2015-2024
5.1. Hotchkiss Drive Shaft
5.2. Torque Tube Drive Shaft
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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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