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Global Automotive Drive Shaft Market Size - Forecast to 2026

Global Automotive Drive Shaft Market

Global Automotive Drive Shaft Market

According to a new market research report published by Global Market Estimates, the Global Automotive Drive Shaft Market is projected to grow from USD 29.20 billion in 2021 to USD 39.70 billion by 2026 at a CAGR value of 4.97% from 2021 to 2026. The increased concern for fuel efficiency, the implementation of strict norms by global pollution prevention authorities, and the advancement in drive shafts by producers without loss of performance and rigidity are expected to have a positive influence on the growth of this market from 2021 to 2026.

Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Global Automotive Drive Shaft Market - Forecast to 2026” https://www.globalmarketestimates.com/market-report/automotive-drive-shaft-market-3542

By Design Type (Hollow Shaft, Solid Shaft), By Position Type (Rear Axle, Front Axle), By Vehicle Type (Passenger Car, Commercial Vehicle), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Key Market Insights
• Increasing investments in vehicle and automation in countries like Singapore, Australia, Japan, and South Korea are expected to result in the growth of the market in the APAC region
• The hollow shaft’s segment held the lion’s share of the market owing to the sheer advantages given by hollow shafts over solid drive shafts
• The commercial vehicle segment is envisaged to become the dominant industry among the other vehicle type users.
• Truck digitization, in accordance with the growing demand for connected vehicles, is likely to open up new economic prospects for major OEMs contributing to the North American region’s growth during the forecast period
• JTEKT Corporation, GKN PLC (Melrose Industries PLC), Hyundai Wia Corporation, Dana Holding Corporation, Wanxiang Qianchao Co. Ltd, American Axle & Manufacturing Co. Ltd, Yamada Manufacturing CO. Ltd, Nexteer Automotive Group Ltd, among others are the key players in the automotive drive shaft market

Browse the Report @ https://www.globalmarketestimates.com/market-report/automotive-drive-shaft-market-3542

Design Type Outlook (Revenue, USD Billion, 2021-2026)
• Hollow Shaft
• Solid Shaft

Position Type Outlook (Revenue, USD Billion, 2021-2026)
• Rear Axle
• Front Axle

Vehicle Type outlook (Revenue, USD Billion, 2021-2026)
• Passenger Car
• Commercial Vehicles

Regional Outlook (Revenue, USD Billion, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA

Contact: Yash Jain
Email address: yash.jain@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com
Check our Latest Blogs: https://www.globalmarketestimates.com/blog-posts.php

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Global Market Estimates is an India based market research and consulting company. The company provides syndicated research reports, customised research reports and consulting services to their clients and helps them achieve their business goals on a commercial level. Global Market Estimates database is used by the world's well known and prolific academic institutions and Fortune 500 companies to understand the global and regional business environment to excel in their business goals.

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