Global Automotive Drive Shaft Market report has been prepared based on detailed market analysis with inputs from industry experts. This market survey provides key information about the automotive industry, including very helpful and important facts and figures, expert opinions, and the latest developments across the globe. Analysis and interpretation of market research data performed in this report is used to build report which contains information and knowledge that can be used to predict future events, future products, marketing strategy, actions or behaviours. This Global Automotive Drive Shaft Market report cover strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
This research report helps in answering many business challenges more quickly and saves your lot of time. The report gives estimations about market development trends for the forecast period of 2019-2026. The report acts as a window to the automotive industry which explains what market definition, classifications, applications, engagements and market trends are. Global Automotive Drive Shaft Market report helps to plan about the advertising and sales promotion strategy more successfully and also helps in taking sound decisions. Global Automotive Drive Shaft Market report is the most detailed report which identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market.
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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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 Market Competitors: Global Automotive Drive Shaft Market
Few of the major competitors currently working in the automotive drive shaft market are Melrose Industries PLC., Advanced Composite Products & Technology, Inc., American Axle & Manufacturing, Inc., Bailey Morris Limited, D& F Propshafts, Dana Limited, Hyundai Wia, Meritor, Inc., Neapco Inc, Nexteer Automotive, Metal Powder Products Company, The Timken Company, Wanxiang Qianchao Co., Ltd., Xuchang Yuandong Drive Shaft Co., Ltd., Yamada Manufacturing Co., Ltd.
Key Developments in the 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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Segmentation: Global Automotive Drive Shaft Market
- By Type
- Propeller Shaft
- Haft Shaft
- By Industry
- Passenger Vehicle
- Commercial Vehicle
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
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