Pune, India -- (SBWIRE) -- 10/25/2018 -- Our latest research report entitled Automotive Drive Shafts Market (by shaft type (Hotchkiss drive shaft type, flexible drive shaft type and torque tube drive shaft type), vehicle type (passenger vehicles, commercial vehicles, and electric vehicles)) provides complete and deep insights into the market dynamics and growth of Automotive Drive Shafts. Latest information on market risks, industry chain structure Automotive Drive Shafts cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Automotive Drive Shafts growth factors.

The forecast Automotive Drive Shafts Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Automotive Drive Shafts on the global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report.

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Demand for Automotive Drive Shafts to Promote Growth in the Automotive Drive Shafts Market

Increase in demand for the lightweight side shafts and stringent carbon emission regulations drives the growth of the automotive drive shaft market. In addition, growing concern for fuel efficiency and the stringent norms posed by the international emission control authorities have motivated the manufacturers to develop lightweight drive shafts without negotiating on their performance and rigidness. Moreover, the driveshafts need to be light in weight hence the demand for automotive drive shafts has increased, that in turn, is fuelling the growth of the automotive drive shafts market. Moreover, fluctuation in the prices of raw materials are the factors restraining the growth of the automotive drive shafts market during the forecast period. Furthermore, the increase in demand for passenger vehicles is anticipated to create growth opportunities in the upcoming years.

The Asia Pacific to dominate the Global Automotive Drive Shafts Market

The Asia Pacific dominated the automotive drive shaft market. The growth in the Asia Pacific region is due to the emerging economies of India, China and Japan. EPA (Environment Protection Authority) policies and stringent CAFÉ (Corporate Average Fuel Economy) regulations forced the automotive manufacturers to reduce the weight of the vehicles to reduce emissions and fuel consumptions. Moreover, the increased investment in the automobile industry, especially in the countries such as china, is anticipated to boost the growth in the automotive drive shaft market. The global production of passenger cars alone has increased from 40.1 million in 2001 to 73.45 million in 2017, and that of overall vehicles was around 97.30 million in 2017.

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Dana Inc. Moves to Acquire Driveline Division of GKN

In March 2018 - Dana Inc. announced its signature of definitive agreements to combine with the driveline division of United Kingdom-based GKN plc to create Dana Plc, a global driveline systems company. Dana is based in Maumee, Ohio. It supplies steer axles, steering shafts, driveshaft assemblies, engine gaskets, hub systems, and a tire-pressure management system that features self-inflating tires.

Under terms of the agreements, Dana shareholders will own approximately 52.75% of the company with GKN shareholders owning 47.25%. The combined company will be domiciled in the United Kingdom as Dana Plc and will continue to trade on the New York Stock Exchange under the ticker symbol DAN.