According to Goldstein Research, the global automotive drive-shaft market expected to reach the market size of USD 9.4 billion by 2024 from an estimated USD 5.6 billion in 2015, growing at a compounded annual growth rate of 6.6% during the forecast period 2016-2024. Various automobile companies are facing the challenges related to fuel efficiency is likely to push the manufacturers towards advanced material drive shafts. Moreover, government authorities are consolidating the automotive aftermarket industry by introducing supportive regulations in order to increase the quality standards and lifecycle of the aftermarket products and services. Global automotive aftermarket industry generated a revenue of USD 763 Billion in 2017.
On the other hand, Asia Pacific automotive aftermarket industry is one of the fastest growing industry across the globe on account of the existing number of automobile and new sales of automotive components. Global automotive drive-shaft market segmentation has been carried out on the basis of product type, vehicle type, and geography. Commercial vehicles have the highest impact on the growth of automotive drive shaft market, as such sales of commercial vehicles were more than 20 million units. The global automotive drive-shaft market is largely driven by the Asia Pacific, with India & China being the top impacting countries, owing to high automotive sales in the region and large automotive aftermarket industry.
Market Segmentation
On the basis of our in-depth analysis, Global Automotive Drive-Shaft Market can be segmented as follows:
By Product Types
- Flexible Drive-Shaft
- Torque Tube Drive-Shaft
- Hotchkiss Drive-Shaft
By Vehicle Type
- Passenger Cars
- LCV (Light Commercial vehicles)
- HCV (Heavy Commercial vehicles)
By Region
- North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
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“Automotive Drive-Shaft Market Analysis” contains the detailed overview of the global automotive drive-shaft market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type and vehicle type.
Further, for the in-depth analysis, Global automotive drive-shaft market report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as GKN PLC, NTN, Dana Holding Corporation, Nexteer, Hyundai-Wia, Yamada Manufacturing, American Axle Manufacturing Inc., JTEKT, Neapco, Meritor, Showa, SDS, Yuandong, Wanxiang, Guansheng, Lingyun, Hengli, Manchurian, IFA Rotorion, etc.
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global automotive drive-shaft market trends along with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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