Increasing Vehicle Production and Growing Demand for Lightweight Hollow Sideshafts are Propelling the Growth of the Automotive Sideshaft Market

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Drive Shaft Market by Type (Rigid Hollow Drive
Shaft), Position (Rear Front Drive Shaft),
Vehicle Type (Passenger Car (Hatchback, Sedan,
SUV/MUV/MPV, Others) LCV), by Region - Global
Forecast and Trends to 2020
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Hollow sideshaft Adoption rate is expected to
increase by 2020 Following stringent emissions
and fuel efficiency regulations in developed
regions, the penetration of hollow drive shafts
is estimated to be higher in North America and
Europe. The market is further estimated to
increase with rising production levels after the
economic downturn. Given the customer-preferences
for fuel efficiency, the regional adoption is
varied in these regions. North America is
projected to witness a higher demand for hollow
drive shafts by 2020, given the growing demand
for fuel-efficient and low-emission vehicles in
this region. The high rate of technological
adoption in these regions is also a driving
factor for growth of this market. PDF Brochure
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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. Request for
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In context with vehicle type, the automotive
drive shaft market in the passenger cars segment
is accounted to hold the maximum share followed
by light commercial vehicles. In the passenger
car segment, the hollow sideshafts are used to
offer comfort and fuel efficiency to the driver.
As of 2015, global market for hollow drive shaft
is estimated to be largest, with market share of
65 in terms of volume. In case of rigid drive
shafts, the market for this segment is driven by
the light commercial vehicles. OEMs are adopting
light weight sideshafts that offer better fuel
efficiency when compared with a rigid drive
shaft. Request Sample _at_
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Asia-Oceania High Volume Market The Asia-Oceania
region includes developing countries, such as
China, India, Japan, and South Korea. Majority of
the global vehicle production is concentrated in
this region. Customer demand for an improved fuel
economy and reduced emissions in the wake of
rising pollution levels are driving growth in the
automotive sideshaft systems. Manufacturers such
as NTN Corporation (Japan), Hyundai Wia
Corporation (South Korea), and NKN Ltd. (Japan)
are some of the dominant players in this region
that are expected to drive the development in the
automotive drive shaft market. The global drive
shaft market is dominated by some international
as well as local players, and some of them are
GKN Plc. (U.K.), Nexteer Automotive (U.S.), NTN
Corporation (Japan), Hyundai WIA Corporation
(South Korea), and Trelleborg AB (Sweden) among
others. Speak to analyst _at_ https//www.marketsan
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Product Development/Innovation Detailed insights
into upcoming technologies, RD activities, and
new product launches in the global automotive
sideshaft market. Market Development Comprehensi
ve 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-dept
h assessment of market shares, strategies,
products, and manufacturing capabilities of
leading players in the global automotive
sideshaft market. Buy Now https//www.marketsan
dmarkets.com/Purchase/purchase_report1.asp?id1191
46087
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Browse gtgt 88 market data
tables 65 figures
151 pages and in-depth TOC  "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 Early buyers will
receive 10 customization on this
report. This study answers several questions
for the stakeholders, primarily which market
segments to focus on in the next two to five
years to prioritize efforts and investments.
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