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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. \n

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report code am1008

Report Code : AM1008

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

99 Wall Street, Suite No:- 527, New York, NY 10005

United States of America

+1-646-568-7747

+1-437-886-1181

Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301

India 

+44-203-318-6627

+91-120-473-0422,

+91-844-785-9968

www.goldsteinresearch.com

sales@goldsteinresearch.com

global automotive drive shaft market outlook 2024

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.

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global automotive drive shaft market outlook 2024 1

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 2

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 World{Market Share (%), Market Size (USD Billion) }
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global automotive drive shaft market outlook 2024 3

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.

global automotive drive shaft market outlook 2024 4

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.

global automotive drive shaft market outlook 2024 5

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 6

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
  • Porter’s 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 7

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

About Goldstein Research

Based in U.S., Goldstein Researchis 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.

global automotive drive shaft market outlook 2024 8

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

Sample Request

For more information Contact Us:

99 Wall Street, Suite No:- 527, New York, NY 10005

United States of America

+1-646-568-7747

+1-437-886-1181

Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301

India 

+44-203-318-6627

+91-120-473-0422,

+91-844-785-9968

www.goldsteinresearch.com

sales@goldsteinresearch.com

global automotive drive shaft market outlook 2024 9

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

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