Hollow Drive shaft Market is expected to reach US $ 8.761 billion by 2027, after growing at a CAGR of 7.12% during 2021-2027. The growth of the market is due to growing concerns with fuel efficiency, coupled with strict government regulations regarding emissions control, which caused the launch of the new BA-6 vehicle. The heavy adoption of environment-friendly vehicles in developed countries and the consequent increase in the production of these vehicles has allowed the high placement of drive shafts in new vehicles, thereby contributing to the growth of the market. Another major reason contributing to the growth of the drive shaft market is the increased demand and consequent sales of all-wheel drive vehicles because each vehicle has two drive shafts. The combination of demand for these advanced vehicles and strict emission control regulations is expected to drive the growth of the driveshaft market during the forecast period.
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Market Segments
Company Profiles
NTN Corporation
Trelleborg AB
Yamada Manufacturing Co., Ltd.
American Axle & Manufacturing Holdings, Inc.
GKN PLC
Hyundai Wia Corporation
Ifa Rotorion-Holding GmbH
Neapco Holdings LLC
Nexteer Automotive Group Limited
NKN, Ltd.
By Type
Passenger Car
Hatchback
Sedan
SUV/MUV/MPV
Passenger Cars
Position Type
Front drive shaft
Rear drive shaft
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Scope of the Report
The research study analyzes the global Intravenous Equipment industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
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