Automotive Drive Shaft Market to Reflect Steadfast Expansion during 2019 – 2023 | Global Key Players - ACPT, American axle manufacturing, B & F, Bailey Morris, D & F Propshafts, Dana holding, Hyundai, Neapco holdings

The report covers a forecast and an analysis of the Automotive Drive Shaft Market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2023 based on revenue and volume.

Overview of the Global Automotive Drive Shaft Market:

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.

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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.

A complete analysis of the competitive landscape of the Global Automotive Drive Shaft Market is provided in the report. This section includes company profiles of market key players. The profiles include contact information, gross, capacity, product details of each firm, price, and cost. In this report, thorough SWOT analysis & investment analysis is provided which forecasts imminent opportunities for the Automotive Drive Shaft Market players.

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Major Key Players:

1 ACPT Inc.

2 American axle manufacturing Inc.

3 B & F limited

4 Bailey Morris limited

5 D & F Propshafts

6 Dana holding corporation

7 GKN PLC

8 Hyundai Corporation

9 Neapco holdings LLC

10 Nexteer automotive and More…………..

This comprehensive Automotive Drive Shaft Market research report 2019 – 2023 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

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Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview and Technology Trends

5 Market Dynamics

6 Global Automotive Drive Shaft Market By Design Type

7 Global Automotive Drive Shaft Market By Vehicle Type

8 Global Automotive Drive Shaft Market By Position

9 Global Automotive Drive Shaft Market By Geography

10 Competitive Landscape

11 Company Profiles

12 Future Outlook

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