Drive shafts are used in transmitting power from the engine to the wheels using mechanical linkages. Automotive drive shafts are made up of steel, aluminium and carbon fiber. Automotive drive shafts made of aluminium are light and sturdy. At the same time, aluminium enables the drive shafts to be balanced, produce more rotating speed and also reduces the overall weight of the vehicle. They also require less fuel thus increasing fuel efficiency of the car. Steel drive shafts are very heavy and requires a lot of horsepower to transmit torque and rotate. The steel shafts make the vehicles heavy and also requires more fuel to run.
The main drivers of this market have been identified to be the rise in production of vehicles and depreciation of drive shafts whose replacement is supported by an efficient after sales services sector. The rise in sales of passenger cars is one of the key drivers for automotive drive shaft market growth. The sales of passenger cars are largely interrelated to the growth of driveshafts since all passenger cars are equipped with driveshafts.
With the introduction of nano-technology in driveshaft market, the performance of the drive shafts would increase leading to better utilization. The usage of the nanotechnology in the carbon fiber driveshaft will enhance the performance by increasing the shaft’s longitudinal and hoop stiffness for a specific winding pattern. This trend of using nanotechnology will have a positive impact on the growth of the carbon composite driveshaft market.Moreover, hollow drive shaft are anticipated to capture the global market due to their flexibility and improvised performance over the conventional solid type.However, the increase in the adoption of electric vehicles can act as a restraint to the growth of belts and hoses market.
The Global Automotive Drive Shaft market can be segmented on the basis of vehicle type, shaft type, and position type.
1. Vehicle Type:
i) Passenger Cars
ii) Heavy Commercial Vehicles
iii) Light Commercial Vehicles
2. Shaft Type:
i) Hotchkiss Drive Shaft
ii) Flexible Drive Shaft
iii) Torque Tube Drive Shaft
3. Position Type:
i) Front Wheel
ii) Rear Wheel
Geographically, the Asia Pacific region is experiencing the highest demand for automobiles. This region has also experienced a sudden rise in disposable income, enhancing the affordability of passenger cars. It has witnessed notable performance in terms of its GDP and development of its automobile and automotive parts industry. India, Singapore, South Korea, and Thailand, among other countries in APAC have high growth potential. The market for drive shaft in North America and Europe is expected to gain traction in light of the stringent EPA regulations and CAFÉ standards.
The key competitors operating in the automotive drive shafts market across the world are GKN PLC., American Axle Manufacturing Inc., Dana Incorporated, XuchangYuangdong, Neapco Holdings, The Timken Company, and Hyundai WIA.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage