The global drive shaft market is anticipated to grow at a CAGR of 5.5% during the forecast period (2022-2028). A driveshaft (also known by the names as driveshaft, driving shaft, tail shaft, propeller shaft, or Cardan shaft) is basically a component for transmitting mechanical power and torque and rotation, normally used to connect other components. It is also used to transmit power from one part to another, or from machines to machines which consume power. The market growth is majorly attributable to the introduction of new technologies aiming to lightweight the overall vehicle is also projected to drive the global drive shaft market. Additionally, with the significant production, the automotive market is witnessing increasing demand for fuel efficient vehicles owing to an increased focus on sustainability. The Tier I suppliers along with the OEMs are combining to develop innovative fuel-efficient technologies and lightweight solutions to enhance vehicle performance. These factors are estimated to play a vital role in the global drive shaft market.
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Scope of the Report
The research study analyzes the Drive Shaft industry from a 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
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Market Segmentation:
By Design Type
- Hollow Shaft
- Solid Shaft
By Position Type
- Rear Axle
- Front Axle
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
Competitive Landscape: GKN plc, Dana Inc., and NTN Corp., among others.
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
Key Benefits of Buying the Global Drive Shaft Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast and assessment of the Global Drive Shaft Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Drive Shaft Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Drive Shaft Market
The report covers the following objectives:
- Proliferation and maturation of trade in the Drive Shaft market.
- The market share of the Drive Shaft market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Drive Shaft market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Drive Shaft market.
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