Drive Shaft Market is projected to reach USD 7.2 Billion by 2020


Posted May 12, 2017 by pankaj_kaware

Drive Shaft Market is projected to reach USD 7.2 Billion by 2020

 
The report, “Drive Shaft Market by Type (Rigid & Hollow Drive Shaft), by Position (Rear & Front Drive Shaft), by Vehicle Type (Passenger Car (Hatchback, Sedan, SUV/MUV/MPV, Others) & LCV), & Region - Global Forecast and Trends to 2020”, classifies and defines the automotive sideshaft market in terms of value and volume. The report highlights potential growth opportunities in the coming years as well as reviews the market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects with respect to the automotive sideshaft systems market. It identifies the key market trends for new technologies and their adoption scenario during the next five years. It also focuses on key market players and their strategies along with recent developments.

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Browse 88 market tables and 65 figures spread through 151 pages on "Drive Shaft Market by Type (Rigid & Hollow Drive Shaft), by Position (Rear & Front Drive Shaft), by Vehicle Type (Passenger Car (Hatchback, Sedan, SUV/MUV/MPV, Others) & LCV), & Region - Global Forecast and Trends to 2020"

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The global automotive drive shaft market has been broadly classified into hollow and rigid types. The hollow drive shaft market is estimated to account for the larger share of the global automotive sideshaft types market in 2015. A side shaft transmits power from the engine through the differential or transfer case to the wheels of an automobile. The development of drive shaft is in tandem with the development of the automotive industry all across the globe. As the market of vehicles is growing all over the world, the global market for automotive drive shaft is estimated to grow at a CAGR of 5.79%. Key factors responsible for growth in the automotive drive shaft market include demand for low carbon footprint, enhanced driving experience, and fuel-efficient vehicles.
Automotive Drive shafts: The market size, in terms of value, is projected to grow at a promising CAGR of 6.37% to reach USD 7.2 Billion by 2020.
The favorable macro factors, such as economical labor, government support for the manufacturing industry, and a large local market have boosted the market for automotive drive shafts in this region. Asia-Oceania, the largest vehicle producer, is also estimated to be the largest sideshaft market in terms of market value. It comprises countries, such as China, India, Japan, and South Korea, where majority of the production is concentrated. OEMs have established their production bases in China, given the attractiveness of the domestic market and the low cost of production. Increasing demand for comfort and stringent fuel efficiency norms are also expected to drive the market for automotive drive shafts.

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The report provides insights with reference to the following points:
Product Development/Innovation: Detailed insights into upcoming technologies, R&D activities, and new product launches in the global automotive sideshaft market.

Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for automotive sideshaft across regions.

Market Diversification: Exhaustive information about new products, untapped markets, recent developments, and investments in the global automotive sideshaft market.
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the global automotive sideshaft market.

Available customizations:
• Regional analysis: For further countries such as Spain, Portugal, Belgium, The Netherlands, and Sweden among others
• Automotive Sideshaft Material Market by Type, Automotive CVJ market by Type, and detailed analysis
• Company profiles: Profiling of additional market players (up to 3).

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Scope of the Report
The global automotive sideshaft market is analyzed in terms of volume (‘000 units) and value (USD million) for the mentioned segments.
• By Region
o Asia-Oceania
o Europe
o North America
o RoW
• By Type
o Hollow
o Rigid
• By Vehicle Type
o Passenger Cars
 Hatchback
 Sedan
 SUV/MUV/MPV
 Others* (includes sportscars, coupes, convertibles, among others)
o Light Commercial Vehicles
• By Position
o Front
o Rear

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Issued By pankaj
Country India
Categories Automotive
Last Updated May 12, 2017