Automotive Drive-Shaft Market Remarkable Global Growth Outlook 2019-2025
Automotive Drive-Shaft Market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions.
A drive shaft is a mechanical component for transmitting torque and rotation, usually used to connect other components of a drive train that cannot be connected directly because of distance or the need to allow for relative movement between them.
Global Automotive Drive-Shaft market is correlated to the rising sales of vehicles across the globe, since all passenger cars and commercial vehicles are equipped with drive-shafts. Major automobile manufacturers already planned to increase their production capacity of vehicles. Automotive industry is facing major challenges from government stringent laws to reduce carbon foot prints and to increase fuel efficiency of vehicles. To overcome the challenges major automotive component manufacturer are spending huge amount of capital on product innovation. Drive-shaft being the major part of drivetrain system of vehicle, automotive component suppliers introduced innovative technology such as carbon composite drive-shaft in order to improve performance and to reduce weight. The nanotechnology used in carbon fiber reduces the overall weight drivetrain system and provide increased torque by increasing shaft's longitudinal and hoop stiffness. Moreover, carbon composite drive-shaft is much more efficient than aluminum drive-shaft and is majorly used in high-end variants and supercars. The aftermarket sales of carbon composite drive-shaft have grown over the past few years, majorly driven by the performance cars enthusiasts.
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The global Automotive Drive-Shaft market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Automotive Drive-Shaft volume and value at global level, regional level and company level. From a global perspective, this report represents overall Automotive Drive-Shaft market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
- NTN
- Dana Holding Corporation
- Hyundai-Wia
- Yamada Manufacturing
- American Axle Manufacturing
- JTEKT
- Neapco
- Meritor
- Showa
- Wanxiang
- IFA Rotorion
Segment by Regions
- North America
- Europe
- China
- Japan
Segment by Type
- Flexible Drive-Shaft
- Torque Tube Drive-Shaft
- Hotchkiss Drive-Shaft
Segment by Application
- Passenger Vehicles
- Commercial Vehicles
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
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