automotive-drive-shaft-market
Published

August 2016

Global Automotive Drive Shaft Market - Analysis of Growth, Trend Progress and Challenges (2015 - 2020)

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The global automotive drive shafts market is poised to grow at a CAGR of 5.8% and touch USD XX billion by the end of 2020. The recovery of the automotive industry has indirectly fueled the growth of the drive shafts market, as they are indispensable for self-propelled four-wheelers. Growing concern for fuel efficiency and the stringent norms posed by the international emission control authorities have provoked the manufacturers to develop lightweight drive shafts without compromising on their performance and rigidness. Composite drive shafts, the new entrants in the global market, boast incredibly high torque and safety standards.

Drive shafts or propeller shafts find their use in transmitting power from the engine to the wheels by means of mechanical linkages. Hollow drive shafts are anticipated to capture the global market due to their flexibility and improvised performance over the conventional solid type. Their design is robust enough to sustain varying torques received from the engine and are classified into two types based on the position of transmission – front and rear end. In 2015, front-end axles accounted for XX% of the overall market for drive shafts. The rear-end drive shafts market is poised to grow at a high CAGR of XX% by 2020.

The Asia-Pacific region, the largest manufacturer of automobiles in the world, dominated the market for drive shafts in 2015. The markets in Europe and North America, followed closely by manufacturers in China, Japan, and South Korea, are focusing on developing lightweight drive shafts to meet the growing demand for fuel-efficient vehicles. The market for drive shafts in North America and Europe is expected to gain traction in light of the stringent EPA regulations and CAFÉ standards.

The market is segmented by vehicle type (passenger cars, LCV, HCV), design type (hollow, solid), position (front, rear drives) and geography (North America, APAC, Europe, Arica and the Middle East).

Some of the key players in the market are:

  • American Axle Manufacturing Inc.
  • Dana Holding Corporation
  • GKN PLC
  • Wilson drive shafts
  • Yamada Manufacturing

What the Report Offers

  • Market analysis for the automotive drive shaft market, with region specific assessment and competition analysis on the global and regional scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario and rising prospective opportunities, along with the identification of key companies that can influence this market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the market on both global and regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
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Purchase Report
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$8750
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