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Automotive Drive Shaft Market Trends, Top Companies, Share, Growth And Forecast 2032
Automotive Drive Shaft Market
Automotive Drive Shaft Market Size, Growth Rate, And Forecast
The global automotive drive shaft market size grew from $16.24 billion in 2022 to $17.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive drive shaft market size is expected to grow to $23.34 billion in 2027 at a CAGR of 7.5%.
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Automotive Drive ShaftMarket Drivers
The new product innovation is the key trend gaining popularity in the automotive drive shaft market. Major companies operating in the automotive drive shaft market are focused on developing new product innovations and solutions to strengthen their position.
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Automotive Drive Shaft Market Segments
• By Product Type: Rigid Side shaft, Hollow Side shafts
• By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
• By Drive Type: Front Wheel Drive, Rear Wheel Drive, Other Drive Types
• By Material: Aluminum, Steel, Carbon Fiber
• By Sales Channel: OEM, Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the automotive drive shaftmarket.
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Automotive Drive Shaft Market Key Players
Major competitors in the automotive drive shaftmarket include GKN Automotive Limited, JTEKT Corporation, American Axle & Manufacturing Inc., Dana Incorporated, Hyundai Wia Corporation, Yamada Manufacturing Co Ltd.
The Business Research Company's "Global Automotive Drive ShaftMarket Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Drive Shaft Market Include:
1. Executive Summary
2. Automotive Drive Shaft Market Characteristics
3. Automotive Drive Shaft Market Trends And Strategies
4. Automotive Drive Shaft Market - Macro Economic Scenario
5. Automotive Drive Shaft Market Size And Growth
……
26. Africa Automotive Drive Shaft Market
27. Automotive Drive Shaft Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Drive Shaft Market
29. Automotive Drive Shaft Market Future Outlook and Potential Analysis
30. Appendix
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