Press release
Automotive Drive Shaft Market (Covid-19 Impact Analysis) – Latest Industry Research And Future Growth Outlook 2027
Automotive Drive Shaft Market
According to the report, the global automotive drive shaft market is projected to reach ~US$ 21 Bn by 2027, expanding at a CAGR of ~2% during the forecast period, owing to an increase in popularity and demand of four wheel drive vehicles among consumers. The global automotive drive shaft market is mature; however, demand for more powerful vehicles and variation in technologies and material is playing a key role in changing the dynamics of the automotive drive shaft market.
Expansion of Automotive Drive Shaft Market
The expansion of the automotive industry across the globe, especially in developing economies such as China, India, and Brazil, is driving the global automotive drive shaft market. The automotive industry in Asia Pacific has been expanding at a notable pace since the last decade. The production of the auto industry has significantly increased in China, and India; additionally, they have made rapid advances in terms of volume production of vehicles, which in turn drives the global automotive drive shaft market. The high focus of automakers on reducing the weight of vehicles in order to enhance their efficiency and lower emission levels, due to enactment of stringent emission laws in most of the countries, is boosting the development of new materials for manufacturing of drive shafts, which in turn is propelling the market for automotive drive shaft.
Request a sample to get extensive insights into the Automotive Drive Shaft Market https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18383
Regional Analysis of Automotive Drive Shaft market
In terms of region, the global automotive drive shaft market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific held a significant share of the global automotive drive shaft market in 2018, owing to high production of vehicles and rising demand for powerful performance vehicles among rapidly developing economies in the region. The global automotive drive shaft market is directly influenced by vehicle production and increasing penetration of four wheel drive vehicles.
Europe and North America are key markets for the automotive drive axle, owing to production of large number of premium and all-wheel drive vehicles. Countries with extreme cold weather situations in these two regions witness higher demand for four wheel drive vehicles due to their superior performance on icy roads.
Prominent players operating in the global automotive drive shaft market include Advanced Composite Products & Technology Inc., American Axle & Manufacturing, Inc., Bailey Morris Limited, D & F PROPSHAFTS, Dana Limited, GKN Plc., HYUNDAI WIA CORP., IFA Group, JTEKT Corporation, Neapco, Nexteer Automotive Group Ltd., and Wilson Drive Shaft.
Global Automotive Drive Shaft Market: Segmentation
Automotive Drive Shaft Market, by Drive Shaft Type
Single Piece
Multi-piece
Automotive Drive Shaft Market, by Drive Type
Front Wheel Drive
Rear Wheel Drive
Others
Automotive Drive Shaft Market, by Drive System
Two Wheel Drive
Four Wheel Drive
Automotive Drive Shaft Market, by Material
Aluminum
Steel
Carbon Fiber
Automotive Drive Shaft Market, by Vehicle
Passenger Vehicle
Commercial Vehicle
Electric Vehicle
Automotive Drive Shaft Market, by Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Mexico
Rest of Latin America
Stuck in a neck-to-neck competition with other brands? Request a custom report on Automotive Drive Shaft Market ? https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=18383
Contact
Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Drive Shaft Market (Covid-19 Impact Analysis) – Latest Industry Research And Future Growth Outlook 2027 here
News-ID: 2149615 • Views: …
More Releases from Transparecy Market Research
Agriculture Lighting Market estimated to be valued at USD 5.4 Billion by 2031
The latest research study released by Transparency Market Research on "Agriculture Lighting Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses.
Agriculture Lighting market is estimated to attain a valuation of US$ 5.4 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 16.8% during…
Pickup Truck Market to Surpass USD 950 Billion by 2030 | Transparency Market Res …
The global Pickup Truck market is estimated to attain a valuation of US$ 950 Bn by the end of 2030, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 2% during the forecast period, 2020-2030.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Pickup…
Top Players in Emulsified Fuel:Projections and Future Opportunities Recorded for …
Emulsified Fuel Market: Introduction
• Emulsified fuel is a mixture of surfactant and water in fuel oil. It is used to run boilers and engines (cars, heavy machinery, etc.). When burned, the calorific value of emulsified fuel does not decrease because of the presence of water. This is a key characteristic of emulsified fuel. Furthermore, emulsified fuel offers several benefits. For instance, it curbs emissions of harmful substances, optimizes combustion efficiency, and…
What is the market size and growth rate of the Silicon Oxide Coated Barrier Film …
Silicon Oxide Coated Barrier Films- Market Overview
Increasing preference for products having longer shelf life and ready to consume products is fuelling the demand for better packaging solutions. Barrier films are used to prevent the inside contents of the products from changing taste, aroma, and quality. Different packaging films are being used in packaging of various products such as food & beverages, pharmaceuticals etc. Silicon oxide coated barrier film is the…
More Releases for Drive
Harmonic Drive Gearbox Market 7.50% CAGR Growth with GAM Cone Drive Datorker Sch …
The Harmonic Drive Gearbox market is poised for significant growth in the coming years, driven by the increasing demand for precision motion control across various industries. This specialized gearbox is known for its unique design, which allows for high torque transmission, compact size, and exceptional accuracy. These attributes make Harmonic Drive Gearboxes particularly attractive for applications in robotics, aerospace, medical devices, and industrial automation. As industries continue to advance toward…
Dream Drive Brings Self-Drive Car Rental Services to Ranchi
Ranchi, Jharkhand - Dream Drive, Ranchi's newest and most trusted self-drive car rental service, is redefining the way people travel in the city. With a fleet of brand-new, well-maintained cars, Dream Drive offers customers the freedom to drive on their own terms at affordable rates.
From compact hatchbacks to spacious SUVs and premium sedans, Dream Drive has a car for every occasion - whether it's a family outing, business trip, wedding,…
Electric Axle Drive And Wheel Drive Market Size Analysis by Application, Type, a …
USA, New Jersey- According to Market Research Intellect, the global Electric Axle Drive And Wheel Drive market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The growing popularity of electric vehicles (EVs) and improvements in drivetrain technologies are propelling the market for electric axle drive and…
Harmonic Drive Market to Witness Stunning Growth | Major Giants Harmonic Drive S …
HTF MI recently introduced Global Harmonic Drive Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Harmonic Drive Systems Inc., Sumitomo, Cone Drive, Beijing CTKM, ABB, Nabtesco.
Download Sample Report…
Global Land Top Drive Market 2020, Land Top Drive Market, Land Top Drive Market …
Global Land Top Drive Market Growth 2020-2025 released by MarketandResearch.biz embarks with industry overview which clarifies value chain structure, industrial environment, market size, market share, regional analysis, application, and forecast. The report outlines the development factors improving or hampering the market advancement, major ruling organizations, monetary circumstance, and veritable certainties. This research is exceptionally advantageous to pursuers. This research refines variations of the global Land Top Drive market to help…
Harmonic Drive Market Forecasts – HDSI, Leaderdrive, Beijing CTKM Harmonic Dri …
For overview analysis, the report introduces Harmonic Drive Market basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc.
Harmonic Drive Market :
Harmonic Drive is a compact, high performance, precision reduction gear. It is one of the key components used in robotic products such as collaborative work robots. The gear consists of only 3 basic parts (Wave Generator, Flex spline, and Circular Spline). It…
