The global automotive drive shaft market is anticipated to grow at a significant CAGR of 5.5% during the forecast period (2022-2028). The marketing strategies such as mergers and acquisitions, partneship, collaborations, new product innovation, business expansion and other are adopted by major market players, to stay competitive in the global automotive drive shaft market. This is the prominent factor fueling the market growth. For instance-
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Aequita acquired IFA group- In March 2022, Aequita acquired IFA Group based in Haldensleben in Saxony-Anhalt. The company supports the continuous growth strategy of the drive shaft business. With this acquisition, Aequits used technological expertise, as well as the employees of IFA Group for successful restructuring, and in order, to attract an new strategic investor.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Automotive Drive Shaft Market– Segmentation
By Drive Shaft Type
- One-Piece Drive Shaft
- Two-Piece Drive Shaft
- Slip-in-Tube Drive Shaft
By Design Type
- Hollow Shaft
- Solid Shaft
By Position Type
- Rear Axle
- Front Axle
By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Global Automotive Drive Shaft Market by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive drive shaft market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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