Automotive Drive Shaft Market
The global automotive drive shaft market has been witnessing significant growth in recent years. A drive shaft, also known as a driving shaft or propeller shaft, is a mechanical component for transmitting rotational power in an automobile. It is a rotating shaft that delivers power from an engine or transmission to the other end, which is usually the wheels. The drive shaft may also rotates at different speeds than the engine crankshaft due to the different gear ratios in the transmission.
Market Dynamics:
The global automotive drive shaft market is primarily driven by rising vehicle production across the world. Growing demand for premium and luxury vehicles equipped with advanced drivetrains is also fueling the market growth. However, increasing adoption of electric vehicles that do not require conventional drive shafts is expected to restrain the market growth to some extent. Meanwhile, ongoing R&D towards developing lightweight and efficient drive shafts using advanced materials like carbon fiber presents an opportunity for market players.
Key Features of the Study:
- This report provides in-depth analysis of the global automotive drive shaft market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global automotive drive shaft market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include American Axle & Manufacturing, Inc., BorgWarner Inc., GKN Automotive, JTEKT Corporation, Magna International Inc., NTN Corporation, Rheinmetall Automotive AG, Schaeffler AG, SeAH Changwon Integrated Steel, SKF Group, Stellantis, The Timken Company, Tower International, Inc., Trelleborg AB, and ZF Friedrichshafen AG
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global automotive drive shaft market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive drive shaft market
Detailed Segmentation:
Table of Contents
*Browse 60 market data tables and 40 figures on "Automotive Drive Shaft Market - Global forecast to 2031”
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