Global Automotive Drive-Shaft Market Outlook 2024 | Insights, Trends, Demand & Competitors Analysis

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Report Code AM1008
Global Automotive Drive-Shaft Market Outlook
2024 Insights, Trends, Demand Competitors
Analysis
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Global Automotive Drive-Shaft Market Outlook 2024
Insights, Trends, Demand Competitors
Analysis
Global Automotive Drive-Shaft Market
Outlook Global automotive drive-shaft market is
correlated to the rising sales of vehicles across
the globe, since all passenger cars and
commercial vehicles are equipped with
drive-shafts. Global automotive sector witnessed
improvement in car sales by 4 in 2015. Major
automobile manufacturers already planned to
increase their production capacity of vehicles.
Automotive industry is facing major challenges
from government stringent laws to reduce carbon
foot prints and to increase fuel efficiency of
vehicles. To overcome the challenges major
automotive component manufacturer are spending
huge amount of capital on product innovation.
Drive-shaft being the major part of drivetrain
system of vehicle, automotive component suppliers
introduced innovative technology such as carbon
composite drive-shaft in order to improve
performance and to reduce weight. The
nanotechnology used in carbon fiber reduces the
overall weight drivetrain system and provide
increased torque by increasing shaft's
longitudinal and hoop stiffness. Moreover, carbon
composite drive-shaft is much more efficient than
aluminum drive-shaft and is majorly used in
high-end variants and supercars. The aftermarket
sales of carbon composite drive-shaft have grown
over the past few years, majorly driven by the
performance cars enthusiasts. Send us Sample
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Global Automotive Drive-Shaft Market Outlook 2024
Insights, Trends, Demand Competitors Analysis

• Market Segmentation
• By Product Types
• Flexible Drive-Shaft
• Torque Tube Drive-Shaft
• Hotchkiss Drive-Shaft
• By Vehicle Type
• Passenger Cars
• LCV (Light Commercial vehicles)
• HCV (Heavy Commercial vehicles)

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Global Automotive Drive-Shaft Market Outlook 2024
Insights, Trends, Demand Competitors Analysis

• Based on Geography
• North America (US, Canada) Market Share (),
  Market Size (USD Billion)
• Europe (UK, France, Italy, Germany, Spain,
  Hungary, Sweden, Russia, Poland and Rest of
  Europe) Market Share (), Market Size (USD
  Billion)
• Middle East and Africa (GCC Countries, North
  Africa, South Africa and Rest of Middle East
  Africa) Market Share (), Market Size (USD
  Billion)
• Latin America (Brazil, Mexico and Rest of Latin
  America) Market Share (), Market Size (USD
  Billion)
• Asia Pacific (China, Japan, India, Singapore,
  South Korea, Australia, New Zealand and Rest of
  Asia-Pacific) Market Share (), Market Size (USD
  Billion)
• Rest of the WorldMarket Share (), Market Size
  (USD Billion)
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Global Automotive Drive-Shaft Market Outlook 2024
Insights, Trends, Demand Competitors Analysis
Market Size and Forecast (2016-2024) Global
automotive drive-shaft market accounted for USD
5.6 Billion in 2015 and the market is expected to
reach USD 9.4 Billion by the end of 2024.
Further, the market is anticipated to expand at a
compound annual growth rate of 6.6 over the
forecast period i.e. 2016-2024. Geographically,
Asia-Pacific is expected to continue its
dominance over the automotive drive-shaft market
owing to rising growing sales of automobiles in
the region. Growth of automobile industry is
majorly driven by the countries such as China and
India among others. Asia-Pacific region is
closely followed by the Europe with increased
sales of automobile by 6 in 2016 compared to the
sales of 2015. North-America is the mature market
in terms of automobile industry and moderate can
be seen in over the forecast period. However,
significant growth can be witnessed in
aftermarket sales of carbon composite
drive-shafts owing to high income disposable and
high expenditures over the customization of
vehicles.
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Global Automotive Drive-Shaft Market Outlook 2024
Insights, Trends, Demand Competitors Analysis
Global drive-shafts market is segmented into
vehicle types such as passenger cars and
commercial vehicles. Passenger car segment is the
important segment as it represents major part of
global automotive driveshaft market. The global
passenger cars sales increased by nearly 4 in
2015 with majority of SUVs and crossovers sale
increased in China and Europe automotive market.
Global automotive driveshaft market is
significantly growing owing to rising sales of
passenger and commercial vehicles. The global
automotive driveshaft market valued USD 5.6
billion in 2015 and the market is expected to
expand at a compound annual growth rate of 6.6
over the forecast period i.e. 2016-2024. Global
automotive driveshaft market is projected to
reach USD 9.4 billion by the end of 2024.
Geographically, Asia-Pacific is the dominating
market with more than 40 market share of sales
in global automotive driveshaft market. China
remains the strong market in region with 7 y-o-y
growth. Asia-Pacific region is closely followed
by the Europe with increase in sales by 6 in
2016 compared to 2015. North-America witnessed
growth in sales by 1.5 with increase in sales by
18 in Mexico, in 2015.
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Global Automotive Drive-Shaft Market Outlook 2024
Insights, Trends, Demand Competitors Analysis

• Scope Background
•  Market Synopsis
•  
• Market Segmentation
•  
• Global automotive drive-shaft market
  segmentation as follows
• By Product Type (Market Size, Demand Analysis and
  Growth Analysis)
• By  Vehicles Type (Market Size, Demand Analysis
  and Growth Analysis)
• By Country
• North America (U.S., Canada) Market Size, Growth
  Analysis and Opportunity Analysis
• Latin America (Argentina, Mexico, Brazil and Rest
  of Latin America) Market Size, Growth Analysis
  and Opportunity Analysis
• Europe (Germany, Italy, Spain, France, The U.K.,
  Netherlands, Sweden, Hungary, Russia, Poland,
  Rest of Europe) Market Size, Growth Analysis and
  Opportunity Analysis
• Asia-Pacific (China, India, Singapore, Japan,
  Australia, New Zealand, South Korea and Rest of
  Asia Pacific) Market Size, Growth Analysis and
  Opportunity Analysis
• Middle East and North Africa (MENA) Market Size,
  Growth Analysis and Opportunity Analysis
• Rest of World  Market Size, Growth Analysis and
  Opportunity Analysis

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Global Automotive Drive-Shaft Market Outlook 2024
Insights, Trends, Demand Competitors Analysis

• Market Dynamics Growth Drivers, Restraints and
  Opportunities
• Risk Factors
• Regional Variations
• Recent Trends and Developments
• Key Market Players
• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis
• Porters Five Force Model
• Market Landscape Competition and Beyond
• Market outlook for business players and entry
  level players to ascertain their business in
  dynamic ecosystem
• Expert Analysis
• Concluding Remarks

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Global Automotive Drive-Shaft Market Outlook 2024
Insights, Trends, Demand Competitors Analysis
About Goldstein Research Based in U.S., Goldstein
Research is a young business consulting and
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our well-defined ideas and clear cut forecasts.
Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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Global Automotive Drive-Shaft Market Outlook 2024
Insights, Trends, Demand Competitors Analysis
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Global Automotive Drive-Shaft Market Outlook 2024
Insights, Trends, Demand Competitors Analysis
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