Global Automotive Drive Shaft Market 2021 is expected to register a CAGR of Growing rate%, during forecast period with Impact of Covid 19 Analysis

Automotive

Global “Automotive Drive Shaft Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Automotive Drive Shaft in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Automotive Drive Shaft Market report categorizes the market based on manufacturers, regions, type, and application. Automotive Drive Shaft Market reports offer a detailed assessment of the Automotive Drive Shaft including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Automotive Drive Shaft market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The global automotive drive shaft market is expected to record a CAGR 5.75% during the forecast period. The recovery of the automotive industry has directly fueled the growth of the drive shaft market, as they are indispensable for conventional IC engine and hybrid automobiles.

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 which are the new entrants in the global market, boast incredibly high torque and safety standards.

Hollow drive shafts are anticipated to capture the global market due to their flexibility and improvised performance over the conventional and heavy 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.

Rise in Vehicle Production and Sales

Owning a vehicle is no longer a luxury but has now become a necessity, owing to the busy lifestyles and long transits. Growing population and higher disposable income in the developing economies resulted in a subsequent spike in vehicle-owning households globally. The global production of passenger cars alone increased from 40.1 million in 2001 to 73.45 million in 2017, and that of overall vehicles was around 97.30 million in 2017. These numbers clearly indicate the growing automotive industry. Subsequently, the EPA policies and stringent CAFE regulations forced the automotive manufacturers to reduce the weight of the vehicles to reduce emissions and fuel consumptions, which in turn is driving the market for automotive drive shaft market.

The engine which was the only power house of an automobile until at least the end of the previous century is facing a serious threat from alternative power sources like the electric vehicles, fuel cell vehicles, etc. The exhaust emission from the conventional internal combustion engine has become a significant contributor to the environmental pollution. According to some studies, the emissions from the vehicles all over the world account for more than one-fourth of the global greenhouse gases. Even though the conventional engine was known to produce harmful gases, the unavailability of a potential replacement made it the only reliable source of energy.

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The global Automotive Drive Shaft market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Automotive Drive Shaft Market Report covers the Top Key-players in 2021:-

  • ACPT Inc.
  • American axle manufacturing Inc.
  • B & F limited
  • Bailey Morris limited
  • D & F Propshafts
  • Dana holding corporation
  • GKN PLC
  • Hyundai Corporation
  • Neapco Holdings LLC
  • Nexteer Automotive
  • Wilson Drive Shafts
  • Yamada Manufacturing

Highlighted points of Automotive Drive Shaft Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Automotive Drive Shaft Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Automotive Drive Shaft? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Automotive Drive Shaft Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Automotive Drive Shaft Market? What Was Capacity, Production Value, Cost and PROFIT of Automotive Drive Shaft Market?
  • What Is Current Market Status of Automotive Drive Shaft Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Automotive Drive Shaft Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Automotive Drive Shaft Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Automotive Drive Shaft Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Automotive Drive Shaft Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Automotive Drive Shaft Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Automotive Drive Shaft Industry?

Key Developments in the Automotive Drive Shaft Market:

  • March 2018: Dana Inc. announced its signature of definitive agreements to combine with the driveline division of UK-based GKN Plc. to create Dana Plc., a global driveline systems company.
  • February 2018: In collaboration with its customers, German recycling equipment manufacturer Vecoplan has enhanced the VAZ 1600 XL and is launching a robust single-shaft shredder for technical plastics.

    Reasons to Purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis on the product type that is expected to dominate the market
  • Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

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    Finally, the report Global Automotive Drive Shaft Market 2021 describes the Automotive Drive Shaft industry expansion game plan, the Automotive Drive Shaft industry knowledge supply, appendix, analysis findings, and the conclusion.

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