Global Automotive Driveshaft Market to grow at a CAGR of 4.76% during 2017-2021 - GKN, American Axle& Manufacturing, HYUNDAI WIA

The global automotive industry is experiencing rapid technological innovations driven by changing consumer needs with the increase in purchasing power of the people. Automakers are increasingly being predisposed toward the development of smart and energy efficient cars to meet stringent government regulations on vehicular emissions. Vehicles are enabled with more and more powerful and compact engines that require driveshafts for effectively transferring torque produced by the engine to the wheels. Driveshafts are mechanical components used to transfer torque or the rotational power from the transmission or engine to the drive wheels. Driveshafts are mainly used in vehicles running on gasoline, diesel, and electricity.

The global automotive driveshaft market to grow at a CAGR of 4.76% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global automotive driveshaft market for 2017-2021. To calculate the market size, the report considers the global sales volume of commercial vehicles and passenger cars.

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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Technavio's report, Global Automotive Driveshaft Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- GKN
- American Axle& Manufacturing
- HYUNDAI WIA

Other prominent vendors
- A1 Cardone
- Dorman
- PowerTrain Industries
- Pro Comp

Market driver
- Increase in sales of passenger cars
- For a full, detailed list, view our report

Market challenge
- Government regulations for owning and using passenger cars
- For a full, detailed list, view our report

View Complete TOC with Tables and Figures at: https://www.researchmoz.us/global-automotive-driveshaft-market-2017-2021-report.html/toc

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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