Market Overview:
The global automotive cardan shaft market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for commercial vehicles and passenger cars, and the growing engineering vehicle industry. The type segment of the global automotive cardan shaft market is divided into torques less than 1000 Nm, torques 1000 Nm-2000 Nm, and torques above than 2000 Nm. The application segment of the global automotive cardan shaft market is classified into commercial vehicle, passenger car, engineering vehicle, and others. The North America region dominates the global automotive cardan shaft market followed by Europe and Asia Pacific regions respectively.
Product Definition:
A cardan shaft, also called a U-joint, is a type of universal joint used in vehicles to connect the transmission to the driveshaft. It is named for Italian physicist Gerolamo Cardano who invented it in 1550.
Torques Less than 1000 Nm:
The torque measurement is a rotational force unit that defines the strength of the engine. Torque is directly proportional to an object’s ability to rotate another object for which it is responsible. Torque measured in newton meters (Nm) can be defined as: The torque measurement is a rotational force unit that defines the strength of the engine. Torque is directly proportional to an object’s ability to rotate another object for which it is responsible.
Torques 1000 Nm-2000 Nm:
The torque is the rotational force that a person or an object can impart to a rotating body. The cardan shaft is generally used in automobiles and it's responsible for driving the vehicle wheels from the engine through the drivetrain. Torque 1000 nm-2000 nm is referred to as high/low range torque and it's applied when there's a need to transmitrotating power from an engine through transmission mechanismto drive wheels via driveshaft.
Application Insights:
The commercial vehicle segment accounted for the largest share of over 60.0% in 2017. The demand for cardan shafts is expected to increase owing to its application in various types of commercial vehicles including trucks, tractors, buses and coaches among others. In addition, increasing utilization of these components as torque converters in electric vehicles will drive the segment further during the forecast period.
The passenger car segment is anticipated to witness significant growth over the forecast period due to growing demand from emerging economies such as China, India and Brazil among others which are majorly driven by rising income levels resulting into increased spending on automobiles leading into a higher preference for automatic transmission systems over manual transmissions across developing countries worldwide which eventually increases market penetration globally during the projected timeframe.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong growth in automobile production, sales, and exports. China is a major contributor to regional growth owing to low labor costs as well as easy access to land. Moreover, increasing foreign investments are anticipated to boost automotive cardan shaft demand over the coming years.
Europe accounted for a significant market share in terms of volume due mainlyto high demand from passenger cars and commercial vehicles segments coupled with stringent European Union emission norms implementation from 2018 model year onwards.
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries is expected to drive the growth of the automotive cardan shaft market.
- The increasing trend of lightweight vehicles is also projected to fuel the demand for automotive cardan shafts over the forecast period.
- Growing popularity of all-wheel-drive (AWD) and four-wheel-drive (4WD) systems is also anticipated to boost the market growth.
- Rising concerns regarding vehicle safety are expected to propel OEMs towards adoption of advanced technologies, which will subsequently fuel the demand for automotive cardan shafts over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Cardan Shaft Market Research Report
By Type
Torques Less than 1000 Nm, Torques 1000 Nm-2000 Nm, Torques Above than 2000 Nm
By Application
Commercial Vehicle, Passenger Car, Engineering Vehicle
By Companies
GKN, Dana, IFA Rotorion, Meritor, AAM, Neapco Components, LLC, JTEKT Corporation, Wanxiang Qianchao Co., Ltd., Showa Corporation, Elbe Holding GmbH & Co. KG, GSP Automotive Group Wenzhou Co., Ltd., Xuchang Yuandong Drive Shaft, Ameridrive (Altra Industrial Motion Corp.), Taier Heavy Industry Co., Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Cardan Shaft Market Report Segments:
The global Automotive Cardan Shaft market is segmented on the basis of:
Types
Torques Less than 1000 Nm, Torques 1000 Nm-2000 Nm, Torques Above than 2000 Nm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Vehicle, Passenger Car, Engineering Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GKN
- Dana
- IFA Rotorion
- Meritor
- AAM
- Neapco Components, LLC
- JTEKT Corporation
- Wanxiang Qianchao Co., Ltd.
- Showa Corporation
- Elbe Holding GmbH & Co. KG
- GSP Automotive Group Wenzhou Co., Ltd.
- Xuchang Yuandong Drive Shaft
- Ameridrive (Altra Industrial Motion Corp.)
- Taier Heavy Industry Co., Ltd
Highlights of The Automotive Cardan Shaft Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Torques Less than 1000 Nm
- Torques 1000 Nm-2000 Nm
- Torques Above than 2000 Nm
- By Application:
- Commercial Vehicle
- Passenger Car
- Engineering Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Cardan Shaft Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Automotive Cardan Shaft is a type of shaft used in automobiles. It is named after the French engineer Jean-Baptiste Cardan, who designed it in the 17th century.
Some of the major players in the automotive cardan shaft market are GKN, Dana, IFA Rotorion, Meritor, AAM, Neapco Components, LLC, JTEKT Corporation, Wanxiang Qianchao Co., Ltd., Showa Corporation, Elbe Holding GmbH & Co. KG, GSP Automotive Group Wenzhou Co., Ltd., Xuchang Yuandong Drive Shaft, Ameridrive (Altra Industrial Motion Corp.), Taier Heavy Industry Co., Ltd.
The automotive cardan shaft market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Cardan Shaft Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Cardan Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Cardan Shaft Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Cardan Shaft Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Cardan Shaft Market Size & Forecast, 2018-2028
4.5.1 Automotive Cardan Shaft Market Size and Y-o-Y Growth
4.5.2 Automotive Cardan Shaft Market Absolute $ Opportunity
Chapter 5 Global Automotive Cardan Shaft Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Cardan Shaft Market Size Forecast by Type
5.2.1 Torques Less than 1000 Nm
5.2.2 Torques 1000 Nm-2000 Nm
5.2.3 Torques Above than 2000 Nm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Cardan Shaft Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Cardan Shaft Market Size Forecast by Applications
6.2.1 Commercial Vehicle
6.2.2 Passenger Car
6.2.3 Engineering Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Cardan Shaft Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Cardan Shaft Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Cardan Shaft Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Cardan Shaft Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Cardan Shaft Market Size Forecast by Type
9.6.1 Torques Less than 1000 Nm
9.6.2 Torques 1000 Nm-2000 Nm
9.6.3 Torques Above than 2000 Nm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Cardan Shaft Market Size Forecast by Applications
9.10.1 Commercial Vehicle
9.10.2 Passenger Car
9.10.3 Engineering Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Cardan Shaft Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Cardan Shaft Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Cardan Shaft Market Size Forecast by Type
10.6.1 Torques Less than 1000 Nm
10.6.2 Torques 1000 Nm-2000 Nm
10.6.3 Torques Above than 2000 Nm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Cardan Shaft Market Size Forecast by Applications
10.10.1 Commercial Vehicle
10.10.2 Passenger Car
10.10.3 Engineering Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Cardan Shaft Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Cardan Shaft Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Cardan Shaft Market Size Forecast by Type
11.6.1 Torques Less than 1000 Nm
11.6.2 Torques 1000 Nm-2000 Nm
11.6.3 Torques Above than 2000 Nm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Cardan Shaft Market Size Forecast by Applications
11.10.1 Commercial Vehicle
11.10.2 Passenger Car
11.10.3 Engineering Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Cardan Shaft Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Cardan Shaft Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Cardan Shaft Market Size Forecast by Type
12.6.1 Torques Less than 1000 Nm
12.6.2 Torques 1000 Nm-2000 Nm
12.6.3 Torques Above than 2000 Nm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Cardan Shaft Market Size Forecast by Applications
12.10.1 Commercial Vehicle
12.10.2 Passenger Car
12.10.3 Engineering Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Cardan Shaft Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Cardan Shaft Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Cardan Shaft Market Size Forecast by Type
13.6.1 Torques Less than 1000 Nm
13.6.2 Torques 1000 Nm-2000 Nm
13.6.3 Torques Above than 2000 Nm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Cardan Shaft Market Size Forecast by Applications
13.10.1 Commercial Vehicle
13.10.2 Passenger Car
13.10.3 Engineering Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Cardan Shaft Market: Competitive Dashboard
14.2 Global Automotive Cardan Shaft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 Dana
14.3.3 IFA Rotorion
14.3.4 Meritor
14.3.5 AAM
14.3.6 Neapco Components, LLC
14.3.7 JTEKT Corporation
14.3.8 Wanxiang Qianchao Co., Ltd.
14.3.9 Showa Corporation
14.3.10 Elbe Holding GmbH & Co. KG
14.3.11 GSP Automotive Group Wenzhou Co., Ltd.
14.3.12 Xuchang Yuandong Drive Shaft
14.3.13 Ameridrive (Altra Industrial Motion Corp.)
14.3.14 Taier Heavy Industry Co., Ltd
