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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 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. – PowerPoint PPT presentation

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


1
Report Code AM1008
Global Automotive Drive-Shaft Market Outlook
2024 Insights, Trends, Demand Competitors
Analysis
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2
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
Request _at_https//www.goldsteinresearch.com/request
-sample/global-automotive-drive-shaft-market-outlo
ok-2024-global-opportunity-and-demand-analysis-mar
ket-forecast-2016-2024
3
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)

Sample Request
4
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)
  • Request for TOC _at_ https//www.goldsteinresearch.co
    m/toc-request/global-automotive-drive-shaft-market
    -outlook-2024-global-opportunity-and-demand-analys
    is-market-forecast-2016-2024

5
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.
6
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.
7
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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8
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

Sample Request
9
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
market research firm with vast reach across
America, Asia and parts of Europe and the Middle
East. In the next five years, we strive to
expand our reach to 50 nations spanning across
Europe, Asia and parts of the Middle East and
Africa. We strive to realize a strong brand
presence globally through our quality research
and forecasting solutions. With 30 domain
experts and 50 employees working day and night
to crunch numbers and bring out the best and
detailed market reports and forecasts, we strive
to enable you to foresee upcoming market
challenges and develop a robust business model
and strategies, which would add to your
profitability and market visibility as a
brand. 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.
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.
10
Global Automotive Drive-Shaft Market Outlook 2024
Insights, Trends, Demand Competitors Analysis
Sample Request
For more information Contact Us
11
Global Automotive Drive-Shaft Market Outlook 2024
Insights, Trends, Demand Competitors Analysis
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