Automotive Driveshaft Market By Types, Applications & Top Key Players

The drive shaft of an automobile is a motorised component that is used to transfer torque from one end of the vehicle to the other, such as from the engine to the wheels. A drive shaft for an automobile is comprised of steel, aluminium, and carbon fibre. Because it is strong and light, aluminium is preferred because it enables the drive shafts to be balanced. As a result, the spinning speed is increased, and the car's overall weight is decreased. Drive shafts made of aluminium lighten the total weight of the car and minimise fuel consumption. As a result, it is anticipated that during the course of the projection period, these drive shafts' general characteristics will drive market expansion.

A crucial component of a car's driveline is the driveshaft. It functions as an interface with the back of the transmission and transmits the turning force that originates in the motor to the differential at the back of the car. A driveshaft is used to either raise the vehicle's pivot point or to transfer the desired amount of force from the transmission and grasp to a driving hub. The drive shaft serves as a conduit for transferring the motor's power to the wheels, enabling them to rotate and propel the vehicle. The locations where the driveshafts are connected to support under a curved or turning movement are where the driveshafts are directly remitted for some trim level of development.

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Drive shaft also possesses various other names such as tail shaft, propeller shaft, cardan shaft or driving shaft. It has the ability to take the power from the engine and delivers it to the wheels and is utilized to drive the car. Drive shaft is supposed to be strong and lightweight to absorb the torque of the engine in order for it to reduce the overall weight of the vehicle. It should be balanced properly and should spin equal to the torque for smooth driveline performance. They are found in 4WD and AWD cars and cannot be used in wheel drive cars.

The major factors driving the automotive drive shaft market are the rising concern for fuel efficiency, the implementation of strict regulations by the international emission control authorities, and the development of drive shafts by manufacturers without compromising on their performance and rigidity. The growth of the automotive drive shaft market is accelerated by the rising production and sales of all-wheel drive (AWD) vehicles due to the installation of two drive shafts in these vehicles, the high demand for hollow drive shafts due to their flexibility and improved performance over the traditional and heavy solid type, and their use for sustaining multiple torques received from the engine.

The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Automotive Driveshaft manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Automotive Driveshaft market covering all its essential aspects.

Global Automotive Driveshaft Market: Segmentations

Global Automotive Driveshaft Market: By Key Players
GKN
American Axle and Manufacturing
Hyundai Wia
A1 Cardone
Dorman
PowerTrain Industries
Pro Comp

Global Automotive Driveshaft Market: By Types
Front-Wheel Drive
Rear-Wheel Drive
Four-Wheel Drive

Global Automotive Driveshaft Market: By Applications
Passenger Cars
Commercial Vehicle

Global Automotive Driveshaft Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive Driveshaft 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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Key Benefits:

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Automotive Driveshaft market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automotive Driveshaft would help in identifying future applications in this market.

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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