Increasing Vehicle Production and Growing Demand for Lightweight Hollow Sideshafts are Propelling the Growth of the Aut - PowerPoint PPT Presentation

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Increasing Vehicle Production and Growing Demand for Lightweight Hollow Sideshafts are Propelling the Growth of the Aut

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  1. Hollow Sideshafts to Dominate the Automotive Sideshaft Market The report, “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”,classifies and defines the automotive sideshaft market in terms of value and volume. The report highlights potential growth opportunities in the coming years as well as reviews the market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects with respect to the automotive sideshaft systems market. It identifies the key market trends for new technologies and their adoption scenario during the next five years. It also focuses on key market players and their strategies along with recent developments. Browse 88 market tables and 65 figures spread through 151 pages on "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" https://www.marketsandmarkets.com/Market-Reports/sideshaft-market-119146087.html Early buyers will receive 10% customization on reports. 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. 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. 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. Europe and North America are key markets with a number of drive shaft manufacturers, such as Nexteer Automotive (U.S.), IFA Rotorion (Germany), and GKN Plc (U.K.). Get a sample copy of report 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

  2. 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. 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. Speak to our Analyst About MarketsandMarkets MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com