Automotive Drive Shaft Market Analysis by Size, Share, Top Key Manufacturers, Demand Overview, Regional Outlook And Growth Forecast to 2026 Melrose Industries PLC., Advanced Composite Products & Technology, Inc
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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.Few of the major competitors currently working in the automotive drive shaft market are Melrose Industries PLC., Advanced Composite Products & Technology, Inc., American Axle & Manufacturing, Inc., Bailey Morris Limited, D& F Propshafts, Dana Limited, Hyundai Wia, Meritor, Inc., Neapco Inc, Nexteer Automotive, Metal Powder Products Company, The Timken Company, Wanxiang Qianchao Co., Ltd., Xuchang Yuandong Drive Shaft Co., Ltd., Yamada Manufacturing Co., Ltd.
Conducts Overall Global Automotive Drive Shaft Market Segmentation: This knowledgeable market research report offers lucrative opportunities by breaking down complex market data into segments on the basis of 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.
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.
• When is enclosed in a tube they requires less maintenance as compared to chain systems.
• The drive system is less likely to get jammed.
• Replacing drive shaft can be very expensive which is restraining the market.
• They are heavier in weight.
The Global Automotive Drive Shaft Market report covers market shares for global, Europe, North America, Asia Pacific and South America. The analysis of this report has been used to examine various segments that are relied upon to witness the quickest development based on the estimated forecast frame.
Key Developments in the Market:
• 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.
Competitive Analysis: Global Automotive Drive Shaft Market
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 smart parking market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Table Of Contents: Global Automotive Drive Shaft Market
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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Browse in-depth TOC on “Global Automotive Drive Shaft Market”
220–No of Figures
Opportunities in the Global Automotive Drive Shaft Market Report:-
1. Comprehensive quantitative analysis of the industry is provided for the period of 2020-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
2. Comprehensive analysis of the factors that drive and restrict the market growth is provided in the Global Automotive Drive Shaft Market report.
3. Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across regional.
4. Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across Global.
Key questions answered in the report:-
1. What are the challenges being faced by the new entrants?
2. Which will be the Global Automotive Drive Shaft Market application and sorts and estimate joined intently by makers?
3. Which will be the dangers which will attack growth?
4. The length of the Global Automotive Drive Shaft Market opportunity?
5. How Global Automotive Drive Shaft Market share advance vacillations their value from various assembling brands?
Reasons to Purchase this Report
• Current and future of Global Automotive Drive Shaft Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Key benefits of buying the Global Automotive Drive Shaft Market:
This Global Automotive Drive Shaft Market report will enable both of the sides in market be an established firm or a relative new entrant. It helps the established firms to know about the moves which are being performed by their competitors and also helps the new entrants by educating them about the market situations and the industry trends. This Global Automotive Drive Shaft Market report is quite fruitful in helping to understand the market definition and all the aspects of the market including the CAGR value and key profiles.
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Customization of the Report:
• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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