Global Automotive Drive Shaft Market By Type (Propeller Shaft, Haft Shaft), Industry (Passenger Vehicle, Commercial Vehicle), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Pune, India -- (SBWIRE) -- 02/19/2019 -- The Global Automotive Drive Shaft Market report also provides Porter analysis, PESTEL analysis and market attractiveness which helps to better understand the market scenario on macro and micro level. Side by side, it also explicitly provides information about mergers, acquisitions, joint ventures, and all the other important activities occurred in the market during current and past few years. The Automotive Drive Shaft Market report explores manufacturer's competitive scenario and provides market share for all major players of this market based on production capacity, sales, revenue, geographical presence and other major factors.
Global Automotive Drive Shaft Market is expected to rise from its initial estimated value of USD 5.84 billion in 2018 to an estimated value of USD 10.20 billion by 2026, registering a CAGR of 7.23% in the forecast period of 2019-2026. Increase in the heavy commercial vehicle is the major factor for the growth of this market.
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This report will help you understand:
- Market share (regional, product, application, and end-user) both in terms of volume and revenue along with CAGR from 2019 to 2026
- Key parameters which are driving market and restraining its growth.
- Report will help you understand Industry Research, Market Size and Forecast, Market Entry Strategy, Competitive Intelligence, Pricing Analysis, Consumer Insights, Procurement Intelligence, Next-generation Technologies, etc.
Major Market Competitors/Players: Global Automotive Drive Shaft Market
Company profiled in this report based on Business overview, financial data, Product landscape, Strategic outlook & SWOT analysis:
AAM - American Axle & Manufacturing, Dana Incorporated, Meritor, Nexteer Automotive, The Timken Company, HYUNDAI WIA Machine Tool, NEAPCO, Bailey Morris Ltd, MPP, Wanxiang Qianchao Co., Ltd., Xuchang Yuandong Drive Shaft Co., Ltd., D& F Propshafts, Yamada Industry Co.,Ltd., Melrose Industries PLC., Advanced Composite Products & Technology, Inc.
Market Drivers: Global Automotive Drive Shaft Market
- When is enclosed in a tube they requires less maintenance as compared to chain systems.
- The drive system is less likely to get jammed.
Market Restraints: Global Automotive Drive Shaft Market
- Replacing drive shaft can be very expensive which is restraining the market.
- They are heavier in weight.
Competitive Analysis: Global Automotive Drive Shaft Market
Global automotive drive shaft market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive drive shaft market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Developments in the Market: Global Automotive Drive Shaft Market
- In September 2017, Dana launched lightweight driveshaft for heavy- duty commercial vehicles- SPL 250 Lite driveshaft. This new product is 25 pounds lighter than other competitive drive shafts and its torque rating is 18,439 lb. The lower numeric axle ratios will support engine downspeeding and will improve fuel efficiency.
- In November 2016, Yukon Gear & Axle launched drive shaft for the jeep and off- road vehicle. This driver shaft is made from latest technologies for higher strength and longer life.
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Table of Contents: Global Automotive Drive Shaft Market
- Executive Summary
- Scope/opportunities of the Report
- Research Methodology
- Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis