Press release
Automotive Drive Shaft Market | Business Growth, Development Factors, Current and Future Trends till 2031 | Tmax Battery Equipments Ltd. Toray Battery Separator Film Korea Ltd. W-SCOPE CORP.
Automotive Drive Shaft Market
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The COVID-19 pandemic has had a negative impact on the global automotive drive shaft market. Subsequent lockdown had a negative impact on the production of automobiles. According to a report published by the International Monetary Fund, vehicle production in Europe dropped by more than one-fifth, 4.5 million fewer cars were produced relative to 2019. In 2018-19, production dropped by around 6% due to tighter emission standards and weakening global demand and, with the COVID-19 pandemic in 2020, it declined by an additional 15% to 77 million vehicles. With the fall in the production of automobiles, majorly in the developed economies, the market is negatively affected during the COVID-19 pandemic.
full report of Automotive Drive Shaft Market available @ https://www.omrglobal.com/industry-reports/automotive-drive-shaft-market
• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global Automotive Drive Shaft Market- Segmentation
By Drive Shaft Type
• One-Piece Drive Shaft
• Two-Piece Drive Shaft
• Slip-in-Tube Drive Shaft
By Design Type
• Hollow Shaft
• Solid Shaft
By Position Type
• Rear Axle
• Front Axle
By Vehicle Type
• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Global Automotive Drive Shaft Market by Region
North America
• US
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automotive drive shaft market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
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Contact Person: Mr. Anurag Tiwari
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