Automotive Drive Shaft Market Analysis & Industry Forecast 2016-2024

New York,USA, 2018-Nov-22 — /EPR Network/ —According to Goldstein Research, global drive shaft market is estimated at USD 5.6 billion in 2015 and is anticipated to reach USD 9.4 billion by 2024, growing at a CAGR of 6.6% over the forecast period 2016-2024. The rise in production & sales of automotive across the world is driving the growth of the market. On the other hand, automotive industry is facing major challenges from government stringent laws to reduce carbon foot prints and to increase fuel efficiency of vehicles. Major automotive component manufacturer are spending huge amount of capital in automotive composite market because the nanotechnology used in automotive composite such as in carbon fiber reduces the overall weight of 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.

Global automotive drive shaft market segmentation has been done on the basis of product type, vehicle type and geography. Geographically, global automotive drive shaft industry is dominated by Asia Pacific region, due to high sales of automobiles in the region, with major revenue contribution from China & India. Asia Pacific is closely followed by Europe, owing to presence of large automotive industry and top manufacturers in the region.

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Market Segmentation

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 Automotive Drive Shaft Market Analysis, 2016-2024
  • Europe Automotive Drive Shaft Market Analysis, 2016-2024
  • Middle East And Africa Automotive Drive Shaft Market Analysis, 2016-2024
  • Latin America Automotive Drive Shaft Market Analysis, 2016-2024
  • Asia Pacific Automotive Drive Shaft Market Analysis, 2016-2024
  • Rest Of The World Automotive Drive Shaft Market Analysis, 2016-2024

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 “Global Automotive Drive Shaft Market Outlook 2024” contains detailed overview of the global automotive drive shaft market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, vehicle type and geography.

The Global Automotive Drive Shaft Market Report highlights the competitive outlook of key players in the industry and the company profiling includes analysis of business strategies, revenue distribution by different segments, financial reports, investments by the company and other information to provide business outlook.

Key players of the global automotive drive shaft market discussed in the report are: 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, Danchuan, IFA Rotorion, etc.

Further, Global Automotive Drive Shaft Market Report encompasses the analysis of market drivers, opportunities, trends, challenges, risk analysis, SWOT analysis, market attractiveness, Porter’s five force model and BPS analysis. The report also includes the automotive drive shaft market share, market size and annual growth rate, forecast on basis of estimated market size, market growth rate and ongoing & future anticipated trends in the market.

Global Automotive Drive Shaft Industry is getting fuelled on the basis of following markets:

Global Automotive Aftermarket Industry:

Wear and tear components and products accounts for nearly half of the total automotive aftermarket industry sales followed by crash-relevant parts, diagnostics products and services. The products and services in automotive aftermarket landscape are an imperative part of the overall automotive industry as they provide extensive revenue of approximately USD 763 billion globally (2017) or about 20% of total automotive sector revenues

Global automotive lubricants market:

The sale of automotive lubricants could be positively impacted on the back of the growing awareness about some benefits such as upgraded average age of automobiles and improved operations. Goldstein Research analyst forecast global automotive lubricants market is anticipated to reach USD 76.5 billion by 2025 at a CAGR of 4.4% over the forecast period as investments in R&D activities to develop innovative synthetic lubricants are probable to deliver opportunities for growth in the future.

 

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