Industry Trends, Share, Size, Growth, Opportunities and Forecasts

DUBLIN, Jan. 22, 2023 /PRNewswire/ — The “Automotive Drive Shaft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s providing.

Research and Markets Logo

The world automotive drive shaft market measurement reached US$ 14.8 Billion in 2021. Looking ahead, the writer expects the market to succeed in US$ 20.17 Billion by 2027, exhibiting a CAGR of 5.29% throughout 2021-2027.

Keeping in thoughts the uncertainties of COVID-19, we’re repeatedly monitoring and evaluating the direct in addition to the oblique affect of the pandemic on totally different finish use sectors. These insights are included within the report as a serious market contributor.

An automotive drive shaft refers to a motorized element that transfers the facility produced by the engine from the gearbox to the rear axle and entrance axle to maneuver the car. This torque is transferred between elements which can be separated by distance. It consists of the inboard fixed velocity joint, connecting shaft, and outboard fastened joint usually made utilizing metal, aluminum, and carbon fiber.

An automotive drive shaft is robust and light-weight and can soak up engine torque, carry out properly underneath stress, and stand up to excessive temperatures, resulting from which it’s generally utilized in business and passenger autos. Other product advantages embody low operating prices, smoothness, absence of oil spills, reliability, and clear operation.

The growing demand for electrical autos (EVs) throughout the globe is making a constructive outlook for the market. Automotive drive shaft enhances sturdiness and effectivity whereas optimizing noise, vibration, and harshness (NVH) efficiency. In line with this, inflating gas costs and the implementation of varied authorities initiatives to regulate emission ranges are favoring the market progress.

Apart from this, producers are inclining towards fiber-reinforced polymer composites over metal to fabricate light-weight automotive drive shafts. Such developments help in sustaining the efficiency and rigidness of the drive shaft, growing gas effectivity, and offering larger torque capability, which is offering an impetus to the market progress.

Additionally, key gamers are adopting clear manufacturing processes, reminiscent of electron beam welding, that provide a excessive degree of reliability with no oxidation. This, in flip, is positively influencing the market progress. Other elements, together with the growing demand for hole shafts, rising disposable incomes, and intensive analysis and growth (R&D) actions within the automotive business, are supporting the market progress.

Competitive Landscape:

The aggressive panorama of the business has additionally been examined together with the profiles of the important thing gamers being Advanced Composite Products & Technology Inc., American Axle & Manufacturing Inc., Dana Incorporated, Hyundai Wia Corporation (Hyundai Motor Group), IFA Group, JTEKT Corporation, Melrose Industries PLC, Meritor Inc. (Cummins Inc.), Neapco Inc., Nexteer Automotive, NKN Ltd. and NTN Corporation.

Key Questions Answered in This Report:

How has the worldwide automotive drive shaft market carried out to this point and how will it carry out within the coming years?
What has been the influence of COVID-19 on the worldwide automotive drive shaft market?
What are the important thing regional markets?
What is the breakup of the market based mostly on the drive shaft sort?
What is the breakup of the market based mostly on the design sort?
What is the breakup of the market based mostly on the place sort?
What is the breakup of the market based mostly on the fabric?
What is the breakup of the market based mostly on the car sort?
What is the breakup of the market based mostly on the gross sales channel?
What are the varied phases within the worth chain of the business?
What are the important thing driving elements and challenges within the business?
What is the construction of the worldwide automotive drive shaft market and who’re the important thing gamers?
What is the diploma of competitors within the business?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Automotive Drive Shaft Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Drive Shaft Type
6.1 Single Piece
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Multi-Piece
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Slip-In-Tube Drive Shaft
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Design Type
7.1 Hollow Shaft
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Solid Shaft
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Position Type
8.1 Rear Axle
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Front Axle
8.2.1 Market Trends
8.2.2 Market Forecast

9 Market Breakup by Material
9.1 Steel
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Aluminum
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Carbon Fiber
9.3.1 Market Trends
9.3.2 Market Forecast

10 Market Breakup by Vehicle Type
10.1 Passenger Vehicle
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial Vehicle
10.2.1 Market Trends
10.2.2 Market Forecast

11 Market Breakup by Sales Channel
11.1 Original Equipment Manufacturer (OEM)
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Aftermarket
11.2.1 Market Trends
11.2.2 Market Forecast

12 Market Breakup by Region

13 SWOT Analysis

14 Value Chain Analysis

15 Porters Five Forces Analysis

16 Price Analysis

17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
17.3.1 Advanced Composite Products & Technology Inc.
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.2 American Axle & Manufacturing Inc.
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.2.3 Financials
17.3.2.4 SWOT Analysis
17.3.3 Dana Incorporated
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.3.3 Financials
17.3.3.4 SWOT Analysis
17.3.4 Hyundai Wia Corporation (Hyundai Motor Group)
17.3.4.1 Company Overview
17.3.4.2 Product Portfolio
17.3.4.3 Financials
17.3.4.4 SWOT Analysis
17.3.5 IFA Group
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.6 JTEKT Corporation
17.3.6.1 Company Overview
17.3.6.2 Product Portfolio
17.3.6.3 Financials
17.3.7 Melrose Industries PLC
17.3.7.1 Company Overview
17.3.7.2 Product Portfolio
17.3.7.3 Financials
17.3.8 Meritor Inc. (Cummins Inc.)
17.3.8.1 Company Overview
17.3.8.2 Product Portfolio
17.3.8.3 Financials
17.3.8.4 SWOT Analysis
17.3.9 Neapco Inc.
17.3.9.1 Company Overview
17.3.9.2 Product Portfolio
17.3.10 Nexteer Automotive
17.3.10.1 Company Overview
17.3.10.2 Product Portfolio
17.3.11 NKN Ltd.
17.3.11.1 Company Overview
17.3.11.2 Product Portfolio
17.3.12 NTN Corporation
17.3.12.1 Company Overview
17.3.12.2 Product Portfolio
17.3.12.3 Financials

For extra details about this report go to https://www.researchandmarkets.com/r/43hxts

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (exterior U.S.): +353-1-481-1716