Press release
Automotive Drive Shafts Market Size by Type, Application, Key Players, Geographic Scope and Forecast
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.A drive shaft, also known as a propeller or Cardan shaft, is a mechanical part used to deliver torque and power to a vehicle's powertrain, more especially to the vehicle's back wheels. Drive shafts' main function is to transfer torque from one or more vehicle components to other parts of the vehicle. Drive shafts are typically used to transfer torque from the engine and transmission to the other end of the vehicle before it enters the wheels. Two shorter drive shafts are commonly used to transfer torque from a transaxle to the wheels. Drive shafts for automobiles last longer and require less maintenance. Other benefits of automotive drive shafts include their cheap operating costs, smoothness, lack of oil spills, reliability, and clean operation.
Different drive shaft configurations are used in vehicles with separate front-wheel drive, four-wheel drive, and front-engine rear-wheel drive systems. Motorbikes, ships, and trains all make use of drive shafts. For vehicle drive shafts, the most popular materials are aluminium, steel, and carbon fibre. Drive shafts made of aluminium are rather strong, which helps the cars' overall weight. On the other side, steel drive shafts are extremely heavy, increasing the vehicle's weight and reducing fuel efficiency due to the high horsepower needed to transmit torque. The aforementioned factors will lead the demand for automotive drive shafts to increase significantly over the course of the projected period, supporting the worldwide market for automotive drive shafts.
Other names for the drive shaft include the tail shaft, propeller shaft, cardan shaft, and driving shaft. It has the capacity to transfer engine power to the wheels, where it is used to propel the vehicle. In order to lower the overall weight of the vehicle, the drive shaft must be both sturdy and light in order to absorb the torque of the engine. For a smooth driveline operation, it should be correctly balanced and spin at a rate equal to the torque. They cannot be used in wheel drive vehicles and are only found in 4WD and AWD vehicles.
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Segmentation:-
Global Automotive Drive Shafts Market: Major Players
Metal Powder Products Company
D& F Propshafts
Melrose Industries PLC
Hyundai Wia
Neapco Inc.
American Axle & Manufacturing, Inc.
Nexteer Automotive
Xuchang Yuandong Drive Shaft Co., Ltd.
Yamada Manufacturing Co., Ltd.
Meritor, Inc.
Bailey Morris Limited
The Timken Company
Dana Limited
Advanced Composite Products & Technology, Inc.
Wanxiang Qianchao Co., Ltd.
Global Automotive Drive Shafts Market: By Types
Hollow Shaft
Solid Shaft
Global Automotive Drive Shafts Market: By Applications
Passenger Car
Commercial Vehicle
Global Automotive Drive Shafts Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive Drive Shafts market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Frequently Asked Questions
1. What are the top players operating in the Automotive Drive Shafts Market?
2. What segments are covered in the Automotive Drive Shafts Market Report?
3. How can I get a sample report/company profiles for the Automotive Drive Shafts Market?
4. What is the market size and growth projections?
5. What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
6. What are the top performing segments, and countries / regions of each of the markets?
7. What is the market size and growth rate across key countries / regions?
8. What is the projected market size & growth rate of the Automotive Drive Shafts Market?
9. What are the key driving factors for the growth of the Automotive Drive Shafts Market?
10. How big is the global & regional market in terms of revenue and volume?
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