DUBLIN, January 22, 2023 /PRNewswire/ — “Automotive drive shaft market. Global Industry Trends, Shares, Size, Growth, Opportunities and Forecasts 2022-2027.” report added. ResearchAndMarkets.com suggestion.
The global automotive driveshaft market size has reached 14.8 billion USD in 2021. Looking forward, the publisher expects the market to catch up 20.17 billion USD by 2027, exhibiting a CAGR of 5.29% during 2021-2027.
Given the uncertainties of COVID-19, we are continuously monitoring and evaluating the direct as well as indirect impact of the pandemic on various end-use sectors. These insights are included in the report as key contributors to the market.
Automotive drive shaft refers to the drive component that transmits the power produced by the engine from the gearbox to the rear axle and the front axle to move the vehicle. This torque is transmitted between components that are spaced apart. It consists of an internal constant speed coupling, a connecting shaft, and an external fixed coupling, usually made of steel, aluminum, and carbon fiber.
An automotive drive shaft is strong and lightweight and can absorb engine torque, perform well under stress and withstand extreme temperatures, which is why it is commonly used in commercial and passenger vehicles. Other product benefits include low operating costs, smoothness, no oil leakage, reliability and clean operation.
The growing demand for electric vehicles (EVs) across the globe creates a positive outlook for the market. The automotive driveshaft maximizes durability and efficiency while optimizing noise, vibration and harshness (NVH). In line with this, inflation in fuel prices and implementation of various government initiatives to control emission levels are contributing to the growth of the market.
In addition to this, manufacturers are turning to fiber-reinforced polymer composites over steel to produce lightweight automotive drive axles. Such developments help maintain drive shaft performance and stiffness, increase fuel efficiency and deliver higher torque, which is driving market growth.
Additionally, key players are adopting clean manufacturing processes such as electron beam welding, which offers high levels of reliability without oxidation. This in turn has a positive effect on the growth of the market. Other factors including increasing demand for hollow shafts, rising disposable incomes, and extensive research and development (R&D) activities in the automotive industry are supporting the growth of the market.
Competitive landscape.
The competitive landscape of the industry has also been studied along with profiles of key players: Advanced Composite Products & Technology Inc., American Axle & Manufacturing Inc., Dana Incorporated, Hyundai Wia Corporation (Hyundai Motor Group), IFA Group, JTEKT. Corporation, Melrose Industries PLC, Meritor Inc. (Cummins Inc.), Neapco Inc., Nexteer Automotive, NKN Ltd. and NTN Corporation.
Key questions answered in this report:
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How has the global automotive driveshaft market performed so far and how will it perform in the coming years?
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What is the impact of COVID-19 on the global automotive driveshaft market?
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What are the main regional markets?
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What is the market breakdown based on Drive Shaft Type?
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What is the market breakdown based on design type?
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What is the market breakdown based on position type?
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What is the market breakdown based on material?
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What is the market breakdown based on vehicle type?
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What is the market breakdown based on sales channel?
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What are the different stages of an industry’s value chain?
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What are the key industry drivers and challenges?
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What is the structure of the global Automotive Driveshaft market and who are the key players?
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What is the degree of competition in the industry?
The main topics covered are:
1 Preface
2 Scope and methodology
3 Executive summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Drive Shaft Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Segmentation by Drive Shaft Type
6.1 One piece
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Multilayer
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Slip-In-Tube Drive Shaft
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market segmentation by design type
7.1 Hollow shaft
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Rigid shaft
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market segmentation by position type
8.1 Rear axle
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Front axle
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Segmentation by Material
9.1 Steel
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Aluminum
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Carbon fiber
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Segmentation by Vehicle
10.1 Passenger car
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial Vehicle
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market segmentation by sales channel
11.1 Original Equipment Producer (OEM)
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Aftermarket
11.2.1 Market Trends
11.2.2 Market Forecast
12 Market segmentation by region
13 SWOT analysis
14 Value chain analysis
15 Porters Five Forces Analysis
16 Price analysis
17 Competitive landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
17.3.1 Advanced Composite Products & Technology Inc.
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.2 American Axle & Manufacturing Inc.
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.2.3 Financial
17.3.2.4 SWOT analysis
17.3.3 Dana Incorporated
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.3.3 Financial
17.3.3.4 SWOT analysis
17.3.4 Hyundai Wia Corporation (Hyundai Motor Group)
17.3.4.1 Company Overview
17.3.4.2 Product Portfolio
17.3.4.3 Financial
17.3.4.4 SWOT analysis
17.3.5 IFA Group
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.6 JTEKT Corporation
17.3.6.1 Company Overview
17.3.6.2 Product Portfolio
17.3.6.3 Financial
17.3.7 Melrose Industries PLC
17.3.7.1 Company Overview
17.3.7.2 Product Portfolio
17.3.7.3 Financial
17.3.8 Meritor Inc. (Cummins Inc.)
17.3.8.1 Company Overview
17.3.8.2 Product Portfolio
17.3.8.3 Financial
17.3.8.4 SWOT analysis
17.3.9 Neapco Inc.
17.3.9.1 Company Overview
17.3.9.2 Product Portfolio
17.3.10 Nexteer Automotive:
17.3.10.1 Company Overview
17.3.10.2 Product Portfolio
17.3.11 NKN LLC
17.3.11.1 Company Overview
17.3.11.2 Product Portfolio
17.3.12 NTN Corporation
17.3.12.1 Company Overview
17.3.12.2 Product Portfolio
17.3.12.3 Financial
For more information on this report, visit https://www.researchandmarkets.com/r/43hxts
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