Automotive Drive Shaft Market To Witness the Highest Growth Globally in Coming Years 2020-2025
Top Companies in the Global Automotive Drive Shaft Market:
GKN, Meritor, NTN, Nexteer, Hyundai-Wia, Dana, JTEKT, IFA Rotorion, Neapco, AAM, Wanxiang, Lingyun, Guansheng, Showa, SDS, Hitachi, Danchuan, Yuandong, Seohan, Hengli, Lantong, Sinotruk, Golden, Dongfeng, Fawer, JDS
According to this study, over the next five years, the Automotive Drive Shaft market will register a 2.3%% CAGR in terms of revenue, the global market size will reach $ 15870 million by 2025, from $ 14490 million in 2019.
The automotive drive shaft is a mechanical part that translates the torque generated by a vehicle's engine into usable motive force to propel the vehicle. The automotive drive shaft can be divided into a propeller shaft and a half shaft. The propeller shaft delivers power from an engine/transmission to the other end of the vehicle before it goes to the wheels. It is used on front-engine rear-wheel drive and most 4 wheel drive vehicles it couples the transmission with the rear differential. There is also a pair of shorter drive shafts often used to carry torque from a transaxle to the wheels. It is used in all kinds of vehicles and the number of half shafts varied with the drive mode.
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With the fast increase of automotive production in the last years, the automotive drive shaft industry got rapid development. After the hard times of the automotive industry in 2009, the global automotive industry enjoyed the best ages. Correspondingly, the automotive drive shaft industry was also in a boom.
In the next years, the growth rate of automotive production may decrease in Europe and the US, but the enormous automotive population will provide large market demand. In China, the growth rate of automotive production will still be higher than in other regions. The situation of the automotive drive shaft industry will be the same.
Many international automotive drive shaft manufacturers have built plants in China and they have occupied a large share of the automotive drive shaft market. There is a large technical gap between automotive drive shafts produced by manufacturers from China and abroad. To maintain market share, these domestic manufacturers must invest more in research and development.
In China, the distribution of automotive manufacturers is relatively concentrated, which means the downstream market is concentrated. To get rid of the limit and reduce the risk, automotive drive shaft manufacturers should seek more automotive manufacturers as cooperative partners.
The Automotive Drive Shaft market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Automotive Drive Shaft Market based on Types are:
Based on Application, the Global Automotive Drive Shaft Market is Segmented into:
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Regions are covered By Automotive Drive Shaft Market Report 2020 To 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Automotive Drive Shaft Market
-Changing the Automotive Drive Shaft market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Automotive Drive Shaft market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Automotive Drive Shaft Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Automotive Drive Shaft market:
- What are the market opportunities and threats faced by the key players?
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- What are the challenges to market growth?
- What countries and sectors offer the highest potential?
- Where are the greatest dangers?
The report has 150 tables and figures browse the report description and TOC
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All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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