Automotive Drive Shaft Market 2022-2028

Description

List of Tables

Title:Global Automotive Drive Shaft Market Size, Share & Trends Analysis Report by Drive Shaft Type (One-Piece Drive Shaft, Two-Piece Drive Shaft, and Slip-in-Tube Drive Shaft), by Design Type (Hollow Shaft, and Solid Shaft) by Position Type (Rear Axle, and Front Axle) ) by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle) ) Forecast 2022-2028.

The global automotive drive shaft market is anticipated to grow at a significant CAGR of 5.5% during the forecast period. The rising vehicle deals and the expansion in the advancements of the automobile industry are the major factors expected to generate the interest for automotive drive shafts during the estimated time frame. Moreover, the rapid rise in the sales of vehicles across the globe and improving socio-economic conditions in developing countries such as India, China fueled the growth of the global automotive drive shaft market, as all vehicles are equipped with a driveshaft. For instance, according to IBEF, in January 2022, the total production of passenger vehicles, including three, two, and quadricycles reached 1,860,809 units. Further, increasing FDI investment and increase in the electric vehicles is expected to boost the growth of the global automotive drive shaft market.

As per the same source, the automobile sector has received FDI inflows of $30.8 billion between April 2000 and September 2021. Additionally, according to NITI Aayog and Rocky Mountain Institute (RMI), India's electric finance sector is likely to reach $50 billion by 2030. Owing to such factors, and rapid increase in the sales and production of electric vehicles, contributes to the growth of the global automotive drive shaft market.

The global automotive drive shaft market is segmented on the basis of drive shaft type, design type, position type, and vehicle type. Based on drive shaft type, the market is segmented into, one-piece drive shaft, two-piece drive shaft, slip-in-tube drive shaft. Based on design type, the market is bifurcated into hollow shaft, and solid shaft. Based on position type, the market is sub-divided into the rear axle, and front axle. Based on vehicle type, the market is sub-divided into, passenger vehicles, light commercial vehicles, and heavy commercial vehicles.

Geographically market is segmented into: North America, Europe, Asia-Pacific, and the Rest of the World. The North-American region is projected to grow in the global automotive drive shaft market. The rise in disposable income, along with environmental norms posed by the international emission control authorities for fuel efficiency has motivated the manufacturers to develop lightweight drive shafts and accelerated the market growth.

The major companies serving the global automotive drive shaft market American Axle & Manufacturing, Inc., GKN Automotive Ltd., Hyundai Wia Corp., Meritor, Inc., The Timken Co., IFA Holding GmbH, JTEKT Corp., Neapco Holdings and others. The market players are considerably contributing to the market growth by the adoption of various strategies which include mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2021, Dana Inc., along with Ford Motor Co., announced the expansion of Ford's all-wheel drive vehicle programs from its state-of-art manufacturing facility in Chongqing, China. The drive units take the benefits of Dana's ultra-efficient spicier advanTEK axle technology, which delivers better efficiency by reducing oil churring along with growing and bearing friction. Moreover, the companies are committed to providing innovation, as well as growing collaboration with the customers which is going to create wide scope for the market growth in the region.

Research Methodology

The market study of the global automotive drive shafts market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Automotive Drive Shafts Market Research And Analysis By Drive Shaft Type
Global Automotive Drive Shafts Market Research And Analysis By Design Type
Global Automotive Drive Shafts Market Research And Analysis By Position Type
Global Automotive Drive Shafts Market Research And Analysis by Vehicle Type

The Report Covers:

Comprehensive research methodology of the global automotive drive shafts market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global automotive drive shafts market.
Insights about market determinants that are stimulating the global automotive drive shafts market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026674

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Automotive Drive Shafts Market
Recovery Scenario Of Global Automotive Drive Shafts Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight and Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. American Axle & Manufacturing, Inc.
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. GKN Automotive Ltd.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Hyundai Wia Corp.
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
  - 3.1.3.5. Recent Developments
- 3.1.4. Meritor, Inc
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
  - 3.1.4.5. Recent Developments
- 3.1.5. The Timken Co.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
  - 3.1.5.5. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Automotive Drive Shafts Market by Drive Shaft Type
- 4.1.1. One-Piece Drive Shaft
- 4.1.2. Two-Piece Drive Shaft
- 4.1.3. Slip-in-Tube Drive Shaft
4.2. Global Automotive Drive Shafts Market by Design Type
- 4.2.1. Hollow Shaft
- 4.2.2. Solid Shaft
4.3. Global Automotive Drive Shafts Market by Position Type
- 4.3.1. Rear Axle
- 4.3.2. Front Axle
4.4. Global Automotive drive shafts Market by Vehicle Type
- 4.4.1. Passenger Vehicle
- 4.4.2. Light Commercial Vehicle
- 4.4.3. Heavy Commercial Vehicle

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Diversified Shafts Solutions, Inc
6.2. Dorman Products
6.3. Hersey Clutch Co.
6.4. IFA Holding GmbH
6.5. JTEKT Corp.
6.6. Neapco Holdings
6.7. Nexteer Automotive Corp.
6.8. Ruland Manufacturing Co., Inc
6.9. Trelleborg
6.10. Wilson's U-Joint & Driveshaft
6.11. Zhejiang Feng De industry Co., Ltd