Press release
Global Cardan Shaft Market will reach 25000 million US$ by the end of 2025- QY Research, Inc.
Cardan Shaft, also known as propeller shaft or drive shaft, is a mechanical component used for the transmission of torque and rotation. Cardan Shaft consists of universal joint, shaft yokes and intermediate support, etc. It acts as an intermediate between the driving and the driven shaft that are not aligned on the same axis transferring the running torque smoothly.
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GKN dominated the market, with accounted for 11.677% of the Cardan Shaft sales market share in 2016. Dana, IFA Rotorion are the key players and accounted for 5.019%, 3.241% respectively of the overall Cardan Shaft market share in 2016. Global giant market mainly distributed in Asia-Pacific and Europe. It has unshakable status in this field.
Asia-Pacific is the largest consumption region of Cardan Shaft, with a consumption market share nearly 47.32% in 2016. The second place is Europe; following Asia-Pacific with the consumption market share over 24.54% in 2016.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The global Cardan Shaft market is valued at 22000 million US$ in 2017 and will reach 25000 million US$ by the end of 2025, growing at a CAGR of 1.6% during 2018-2025.
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The major manufacturers covered in this report
GKN
Dana
IFA Rotorion
Meritor
AAM
Neapco
JTEKT
Wanxiang Qianchao Group
Showa Corporation
Elbe
GSP Group
Yuandong Drive Shaft
Gewes
Ameridrive
Anhui Taier
Wichmann
Maina
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
Southeast Asia
India
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
QY Research, INC.
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Suite 218,
City of industry, CA - 91748
USA: +1 626 295 2442
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Web – www.qyresearch.com
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