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What's Driving the Automotive Drive Shaft Market Trends? AAM - American Axle & Manufacturing, Dana Incorporated, Meritor, Nexteer Automotive, The Timken Company, HYUNDAI WIA Machine Tool, NEAPCO, Bailey Morris Ltd, MPP, And others

07-05-2019 12:19 PM CET | Tourism, Cars, Traffic

Press release from: Data Bridge Market Research

Global Automotive Drive Shaft Market

Global Automotive Drive Shaft Market

The Automotive Drive Shaft market research report is an intensive synopsis of the business vertical, focusing on development prospects, market share, items, and application breakdown. Basically, the goal of the Automotive Drive Shaft market report is to convey a concise summation of the business remembering the present and future situations. This Automotive Drive Shaft report utilizes different logical techniques, for example, SWOT analysis, and Porter's Five Analysis to examine the estimated monetary changes identified with the present market development example of the market, which depends on the present information. This report is an ideal market tool for the clients as it facilitates them to make smart decisions.

The Automotive Drive Shaft market report presents gigantic information on the focused advancement of the worldwide Automotive Drive Shaft market, and shows different market techniques to remain ahead in the challenge. The report includes terms and terminologies, applications, and groupings that are utilized with regards to markets. It gives experiences into the assembling cost structure and determined as a total of crude material costs, equipment costs, work expenses, and different expenses. The data about latest trends that are impacting automotive industry are likewise incorporated evidently. The report gives immense knowledge on the competitive nature of this Automotive Drive Shaft market.

Global Automotive Drive Shaft Market is expected to rise from its initial estimated value of USD 5.84 billion in 2018 to an estimated value of USD 10.20 billion by 2026, registering a CAGR of 7.23% in the forecast period of 2019-2026. Increase in the heavy commercial vehicle is the major factor for the growth of this market.

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Drive shaft is also known as tailshaft, propeller shaft, cardan shaft or driving shaft. It takes the power from the engine and delivers it to the wheels. They are the device which is used to drive the car. To absorb the torque of the engine it need to be strong and should be lightweight so that it can reduce the overall weight of the vehicle. For the smooth driveline performance, it should be balanced properly and should spin equal to the torque. They are not used in wheel drive cars and are found in 4WD and AWD cars. The drive shafts have to be light weight in order to reduce the weight of the vehicle. Owing to the excessive demand for vehicles across the globe, the demand for automotive drive shafts has also risen.

In September 2017, Dana launched lightweight driveshaft for heavy- duty commercial vehicles- SPL 250 Lite driveshaft. This new product is 25 pounds lighter than other competitive drive shafts and its torque rating is 18,439 lb. The lower numeric axle ratios will support engine downspeeding and will improve fuel efficiency. In November 2016, Yukon Gear & Axle launched drive shaft for the jeep and off- road vehicle. This driver shaft is made from latest technologies for higher strength and longer life.

Automotive drive shaft or propeller shaft transfers the power produced by the engine from the transmission to the rear axle or front axle. The application of extruded aluminum in drive shafts has been the most notable for rear wheel or all-wheel drive vehicles, both for the tubes, as well as for the cardan links. The prime reason for using extruded aluminum in drive shaft is the reduction of inertia, as well as vibration damping. The aforementioned types of drive shafts have been considered in the scope of the market.

Top Automotive Drive Shaft companies covered in this market research report

The global Automotive Drive Shaft market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this Automotive Drive Shaft research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the expanding Automotive Drive Shaft market size.

The report offers a detailed analysis of several Automotive Drive Shaft companies, including: AAM - American Axle & Manufacturing, Dana Incorporated, Meritor, Nexteer Automotive, The Timken Company, HYUNDAI WIA Machine Tool, NEAPCO, Bailey Morris Ltd, MPP, Wanxiang Qianchao Co., Ltd., Xuchang Yuandong Drive Shaft Co., Ltd., D& F Propshafts, Yamada Industry Co.,Ltd., Melrose Industries PLC., Advanced Composite Products & Technology, Inc.

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Some of the key findings from our Automotive Drive Shaft market forecast report are summarized below

Global Automotive Drive Shaft Market By Type (Propeller Shaft, Haft Shaft), Industry (Passenger Vehicle, Commercial Vehicle), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

The report analyzes factors affecting Automotive Drive Shaft System market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; Europe, APAC, North America, MEA and South & Central America after evaluating technological factors, political, economic and social affecting the Automotive Drive Shaft System market in these regions.

Global automotive drive shaft market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive drive shaft market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Browse more at https://databridgemarketresearch.com/reports/global-automotive-drive-shaft-market/

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About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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