1 / 8

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

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.

vicky214
Download Presentation

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

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 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 www.MarketsandMarkets.com

  2. 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 : https://www.marketsandmarkets.com/pdfdownload.asp?id=119146087

  3. 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 Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=119146087

  4. 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 @ https://www.marketsandmarkets.com/requestsample.asp?id=119146087

  5. 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 @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=119146087

  6. Product Development/Innovation: Detailed insights into upcoming technologies, R&D activities, and new product launches in the global automotive sideshaft market. Market Development: Comprehensive 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-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the global automotive sideshaft market. Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=119146087

  7. Browse >> 88market data tables 65figures 151 pagesand 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.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

More Related