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Automotive Drive Shaft Market is anticipated to expand at a CAGR of 7.32 percentage from 2024 to 2030

12-10-2024 04:30 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

Automotive Drive Shaft Market

Automotive Drive Shaft Market

The ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ is expected to reach US$ 49.72 Bn by 2030, at a CAGR of 7.32% during the forecast period.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The automotive drive shaft is a crucial component of the drivetrain, designed to transmit torque and rotational motion efficiently between parts that are otherwise disconnected due to distance or relative movement. This market has gained significant momentum, driven by advancements in vehicle technology and the increasing demand for high-performance, fuel-efficient vehicles. As automakers strive to meet evolving regulatory standards and consumer preferences, the automotive drive shaft market continues to see innovations in lightweight and durable materials, enhancing overall vehicle efficiency and performance.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/27068/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The growth of the automotive drive shaft market is propelled by the rapid expansion of the automobile sector and stringent government regulations targeting carbon emissions. Rising consumer purchasing power and the demand for fuel-efficient vehicles in both developed and emerging economies have created opportunities for manufacturers. Automakers are increasingly focused on developing smart and energy-efficient vehicles to comply with strict emissions standards. Additionally, the industry is witnessing a shift toward lightweight drive shafts, which improve fuel efficiency without compromising structural integrity. However, economic instability and fluctuating raw material costs may pose challenges to market growth.

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ : ๐†๐ฅ๐จ๐›๐š๐ฅ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's automotive sector is rapidly expanding due to its government-backed initiatives and investments in local manufacturing. Key developments include ๐•๐ข๐ง๐…๐š๐ฌ๐ญ, Vietnam's leading electric vehicle manufacturer, investing in lightweight and eco-friendly drive shaft solutions. Mergers and acquisitions, such as the partnership between ๐๐จ๐ฌ๐œ๐ก ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ and local suppliers, are strengthening the supply chain to cater to domestic and export markets.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐'๐ฌ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Thailand, known as the "Detroit of Asia," is witnessing significant growth in its automotive drive shaft market, thanks to its robust vehicle export industry. Major players, including ๐†๐Š๐ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž and ๐ƒ๐š๐ง๐š ๐ˆ๐ง๐œ๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž๐, are investing in production facilities. Government policies promoting electric vehicles are driving demand for innovative drive shaft systems tailored to EV requirements.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/27068/

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ

The US market is characterized by high investments in research and development for electric and hybrid vehicle components. Key industry players like ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š๐ง ๐€๐ฑ๐ฅ๐ž & ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  and ๐Œ๐ž๐ซ๐ข๐ญ๐จ๐ซ ๐ˆ๐ง๐œ. are adopting advanced manufacturing processes to produce lightweight and high-strength drive shafts. Recent mergers, such as ๐ƒ๐š๐ง๐š ๐ˆ๐ง๐œ๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž๐'๐ฌ acquisition of SME Drive Systems, are fueling market consolidation and innovation.

๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž'๐ฌ ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Europe's automotive industry is witnessing rapid adoption of electric vehicles, significantly impacting the demand for advanced drive shaft systems. Leading automakers such as ๐•๐จ๐ฅ๐ค๐ฌ๐ฐ๐š๐ ๐ž๐ง and ๐๐Œ๐– are partnering with ๐†๐Š๐ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž to develop components that enhance vehicle performance and efficiency. Additionally, stringent EU regulations on emissions are pushing manufacturers to invest in sustainable technologies.

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐€๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐‹๐ข๐ ๐ก๐ญ๐ฐ๐ž๐ข๐ ๐ก๐ญ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ๐ฌ: Leading manufacturers, including Dana Incorporated and GKN Automotive, have introduced drive shafts made of advanced composites to reduce weight while enhancing durability and performance.

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐ˆ๐ง๐ญ๐ž๐ ๐ซ๐š๐ญ๐ข๐จ๐ง: With the surge in electric vehicle production, companies like American Axle & Manufacturing have developed specialized drive shafts to cater to EV requirements, emphasizing efficiency and reduced energy loss.

๐‚๐จ๐ฅ๐ฅ๐š๐›๐จ๐ซ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ ๐๐š๐ซ๐ญ๐ง๐ž๐ซ๐ฌ๐ก๐ข๐ฉ๐ฌ: Recent collaborations, such as ZF Friedrichshafen partnering with tech firms to integrate smart sensors in drive shafts, are reshaping the market by introducing predictive maintenance features.

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐˜๐จ๐ฎ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž: https://www.maximizemarketresearch.com/request-sample/27068/ ๏ปฟ

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Type

Flexible Drive-Shaft
Torque Tube Drive-Shaft
Hotchkiss Drive-Shaft

by Vehicle Type

Passenger Vehicles
Commercial Vehicle

by Position

Rear Wheel
Front Wheel

๐…๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐๐ฅ๐ž๐š๐ฌ๐ž ๐•๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/global-automotive-drive-shaft-market/27068/

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1.GKN Plc
2.Nexteer Automotive
3.NTN Corporation
4.Hyundai WIA
5.Trelleborg AB
6.Xuchang Yuangdong Driveshaft Co., Ltd
7.Neapco Holdings, LLC
8.Dana Incorporated
9.American Axle Manufacturing
10.Showa
11.Lingyun
12.Danchuan
13.IFA Rotorion
14.Hengli
15.Melrose Industries PLC
16.Advanced Composite Products & Technology, Inc.
17.Bailey Morris Limited
18.D& F Propshafts
19.Meritor, Inc.
20.Metal Powder Products Company
21.The Timken Company

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

โ™ฆ Agrivoltaics market https://www.maximizemarketresearch.com/market-report/agrivoltaics-market/184243/

โ™ฆ Global Frozen Pizza Market https://www.maximizemarketresearch.com/market-report/global-frozen-pizza-market/22053/

โ™ฆ Carbon Management Software Market https://www.maximizemarketresearch.com/market-report/global-carbon-management-software-market/108489/

โ™ฆ Plastic Additives Market https://www.maximizemarketresearch.com/market-report/global-plastic-additives-market/21769/

โ™ฆ Global Linear Actuators Market https://www.maximizemarketresearch.com/market-report/global-linear-actuators-market/40716/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

MAXIMIZE MARKET RESEARCH PVT. LTD.
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Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
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๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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Market Research Intellect
Electric Axle Drive And Wheel Drive Market Size Analysis by Application, Type, a โ€ฆ
USA, New Jersey- According to Market Research Intellect, the global Electric Axle Drive And Wheel Drive market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The growing popularity of electric vehicles (EVs) and improvements in drivetrain technologies are propelling the market for electric axle drive andโ€ฆ
01-20-2025 | Industry, Real Estate & Constr โ€ฆ
HTF Market Intelligence Consulting Private Limited
Harmonic Drive Market to Witness Stunning Growth | Major Giants Harmonic Drive S โ€ฆ
HTF MI recently introduced Global Harmonic Drive Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Harmonic Drive Systems Inc., Sumitomo, Cone Drive, Beijing CTKM, ABB, Nabtesco. Download Sample Reportโ€ฆ
10-04-2023 | Business, Economy, Finances, B โ€ฆ
Persistence Market Research
Drive into the Future: Drive-by-Wire Industry Trends (2023-2033)
The automotive industry is experiencing a paradigm shift in vehicle control systems, and the drive-by-wire market is at the forefront of this transformative journey. With its ability to replace conventional mechanical connections with electronic systems, drive-by-wire technology is reshaping the future of automotive control. By offering enhanced safety, improved performance, and increased efficiency, drive-by-wire systems are revolutionizing the way vehicles are controlled and operated. Drive-by-wire technology eliminates the need for mechanicalโ€ฆ
10-20-2020 | Business, Economy, Finances, B โ€ฆ
Marketandresearch.biz
Global Land Top Drive Market 2020, Land Top Drive Market, Land Top Drive Market โ€ฆ
Global Land Top Drive Market Growth 2020-2025 released by MarketandResearch.biz embarks with industry overview which clarifies value chain structure, industrial environment, market size, market share, regional analysis, application, and forecast. The report outlines the development factors improving or hampering the market advancement, major ruling organizations, monetary circumstance, and veritable certainties. This research is exceptionally advantageous to pursuers. This research refines variations of the global Land Top Drive market to helpโ€ฆ
05-24-2017 | Industry, Real Estate & Constr โ€ฆ
marketsizeforecasters.com
Harmonic Drive Market Forecasts โ€“ HDSI, Leaderdrive, Beijing CTKM Harmonic Dri โ€ฆ
For overview analysis, the report introduces Harmonic Drive Market basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc. Harmonic Drive Market : Harmonic Drive is a compact, high performance, precision reduction gear. It is one of the key components used in robotic products such as collaborative work robots. The gear consists of only 3 basic parts (Wave Generator, Flex spline, and Circular Spline). Itโ€ฆ