Automotive Drive Shaft Market Analysis and Forecast by 2031

MARKET INTRODUCTION

The automotive drive shaft takes power from the engine and delivers it to the wheels. Rapid growth in the automotive industry results in the rise in vehicle production, which boosts demand for a drive shaft that anticipates the growth of the automotive drive shaft market. Moreover, the increase in sales of commercial vehicles due to growth in the transportation sector and the growing acceptance of electric vehicles positively impact the growth of the automotive drive shaft market.

MARKET DYNAMICS

The rise in demand for AWD (all-wheel-drive) vehicles is projected to fuel demand for drive shafts. This, in turn, propelling the automotive drive shaft market. Further, stringent norms posed by the international emission control authorities and increasing concern for fuel efficiency have urged the manufacturers to develop lightweight drive shafts, which also accelerate the growth of the automotive drive shaft market.

MARKET SCOPE

The "Global Automotive Drive Shaft Market Analysis to 2031" is a specialized and in-depth study of the automotive drive shaft industry with a special focus on the global market trend analysis. The report aims to provide an overview automotive drive shaft market with detailed market segmentation as of type, vehicle type, and geography. The global automotive drive shaft market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive drive shaft market players and offers key trends and opportunities in the automotive drive shaft market.

MARKET SEGMENTATION

The global automotive drive shaft market is segmented on the basis of type, vehicle type. On the basis of type the market is segmented as propeller shaft, half shaft. On the basis of vehicle type the market is segmented as passenger cars, light commercial vehicles, heavy commercial vehicles.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive drive shaft market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive drive shaft market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

`The report analyzes factors affecting automotive drive shaft market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive drive shaft market in these regions.

MARKET PLAYERS

The reports cover key developments in the automotive drive shaft market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive drive shaft market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive drive shaft in the global market. Below mentioned is the list of few companies engaged in the automotive drive shaft market.

The report also includes the profiles of key automotive drive shaft companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   American Axle & Manufacturing, Inc.
  
•   Dana Incorporated
  
•   GKN Plc
  
•   Hyundai Wia Corporation
  
•   JTEKT Corporation
  
•   Meritor, Inc.
  
•   NEAPCO
  
•   Nexteer Automotive Corporation
  
•   NTN Corporation
  
•   SHOWA CORPORATION
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Drive Shaft Report Scope