Market Overview:
The global automotive driveshaft market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the global automotive driveshaft market can be attributed to the increasing demand for passenger cars and commercial vehicles. The front-wheel drive segment is expected to account for a major share of the global automotive driveshaft market during the forecast period. This segment is anticipated to grow at a CAGR of X.X% over the forecast period owing to its growing popularity among consumers across regions. The rear-wheel drive segment is expected to register a moderate growth rate during the forecast period, owing to its high installation cost as compared with other types of drivelines available in the market. However, this type offers better fuel efficiency and handling than other types available in the market. In terms of application, passenger cars are anticipated hold a dominant share in terms revenue contribution throughoutthe forecast period followed by commercial vehicles segments respectively .
Product Definition:
A driveshaft, also called a propeller shaft, is a mechanical component that transmits rotational force from an engine or motor to a vehicle's wheels.
Front-Wheel Drive:
The front-wheel drive (FWD) is a type of automotive driveshaft in which the power transmission between the road and the driven vehicle's wheels takes place through differential movement at the front axle. The FWD system includes a transfer case, driven shaft, and/or final drive ratio.
Rear-Wheel Drive:
Rear-wheel drive (rwd) is a type of drivetrain configuration in which the driven wheel rotates backward, i.e., toward the rear of the vehicle. The REAR wheels are generally located to the rear and sides of the front axle, as in four-wheel drive (4WD).
Application Insights:
The passenger cars segment dominated the global automotive driveshaft market in 2017 and is expected to maintain its dominance over the forecast period. The growing demand for passenger vehicles in developing countries, such as India and China, on account of increasing disposable income levels among consumers is expected to drive the growth of this segment. In addition, factors such as easy availability of loans from banks at low interest rates has boosted consumer purchasing power for automobiles. This factor has led to an increase in demand for passenger cars across these regions which is anticipated to further boost industry growth over the forecast period.
Rising awareness about safety amongst consumers regarding airbags installed within commercial vehicles coupled with a rise in number of road accidents involving trucks and buses are likely to propel product demand across commercial vehicle applications over the forecast period. In addition, technological advancements that enhance driving experience are likely to contribute towards higher sales volumes across various regions thereby supporting industry growth during future years too.
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 compared to other regions. Furthermore, increasing foreign direct investments coupled with supportive government policies are anticipated to drive automotive manufacturing across countries such as India and Japan over the coming years.
Growth Factors:
- Increasing demand for automobiles: The global automotive market is expected to grow at a CAGR of 4.5% from 2016 to 2020, reaching a value of .7 trillion by 2020. This growth is primarily attributed to the increasing demand for automobiles in developing countries such as China and India.
- Stringent emission norms: Stringent emission norms are being implemented across the globe, which is prompting Original Equipment Manufacturers (OEMs) to develop more fuel-efficient and environment-friendly vehicles. This is aiding the growth of the automotive driveshaft market as it helps OEMs reduce weight and improve fuel efficiency in their vehicles.
- Technological advancements: The automotive driveshaft market has been witnessing rapid technological advancements in recent years, with major players focusing on R&D activities to develop innovative products that can cater to the needs of different vehicle segments across different regions globally .This is helping them expand their product portfolio and gain a larger share in this market .
- . Growing popularity of SUVs and crossovers: The popularity of SUVs and crossovers has been growing rapidly across the globe in recent years, owing to their superior performance, features,and comfort levels comparedto other vehicle segments..Thisis aidingthegrowthofautomotivedriveshaftmarketasSUVsandcrossoversrequirehigh-qualitydriveshaftsforoptimumperformance .. 5.. Rising disposable income levels: Rising disposable income levels
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Driveshaft Market Research Report
By Type
Front-Wheel Drive, Rear-Wheel Drive, Four-Wheel Drive
By Application
Passenger Cars, Commercial Vehicle
By Companies
GKN, American Axle and Manufacturing, Hyundai Wia, A1 Cardone, Dorman, PowerTrain Industries, Pro Comp, GKN
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Driveshaft Market Report Segments:
The global Automotive Driveshaft market is segmented on the basis of:
Types
Front-Wheel Drive, Rear-Wheel Drive, Four-Wheel Drive
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
Passenger Cars, Commercial 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
- American Axle and Manufacturing
- Hyundai Wia
- A1 Cardone
- Dorman
- PowerTrain Industries
- Pro Comp
- GKN
Highlights of The Automotive Driveshaft 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:
- Front-Wheel Drive
- Rear-Wheel Drive
- Four-Wheel Drive
- By Application:
- Passenger Cars
- Commercial 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 Driveshaft 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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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?
Automotive driveshaft is a component of an automotive engine that transfers power from the crankshaft to the wheels. It consists of a number of gears, shafts, and joints that allow it to move smoothly and with minimal noise.
Some of the major players in the automotive driveshaft market are GKN, American Axle and Manufacturing, Hyundai Wia, A1 Cardone, Dorman, PowerTrain Industries, Pro Comp, GKN.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Driveshaft 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 Driveshaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Driveshaft 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 Driveshaft 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 Driveshaft Market Size & Forecast, 2018-2028
4.5.1 Automotive Driveshaft Market Size and Y-o-Y Growth
4.5.2 Automotive Driveshaft Market Absolute $ Opportunity
Chapter 5 Global Automotive Driveshaft 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 Driveshaft Market Size Forecast by Type
5.2.1 Front-Wheel Drive
5.2.2 Rear-Wheel Drive
5.2.3 Four-Wheel Drive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Driveshaft 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 Driveshaft Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Driveshaft 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 Driveshaft 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 Driveshaft Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Driveshaft 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 Driveshaft Market Size Forecast by Type
9.6.1 Front-Wheel Drive
9.6.2 Rear-Wheel Drive
9.6.3 Four-Wheel Drive
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 Driveshaft Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial 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 Driveshaft Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Driveshaft 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 Driveshaft Market Size Forecast by Type
10.6.1 Front-Wheel Drive
10.6.2 Rear-Wheel Drive
10.6.3 Four-Wheel Drive
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 Driveshaft Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial 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 Driveshaft Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Driveshaft 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 Driveshaft Market Size Forecast by Type
11.6.1 Front-Wheel Drive
11.6.2 Rear-Wheel Drive
11.6.3 Four-Wheel Drive
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 Driveshaft Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial 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 Driveshaft Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Driveshaft 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 Driveshaft Market Size Forecast by Type
12.6.1 Front-Wheel Drive
12.6.2 Rear-Wheel Drive
12.6.3 Four-Wheel Drive
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 Driveshaft Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial 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 Driveshaft Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Driveshaft 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 Driveshaft Market Size Forecast by Type
13.6.1 Front-Wheel Drive
13.6.2 Rear-Wheel Drive
13.6.3 Four-Wheel Drive
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 Driveshaft Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial 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 Driveshaft Market: Competitive Dashboard
14.2 Global Automotive Driveshaft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 American Axle and Manufacturing
14.3.3 Hyundai Wia
14.3.4 A1 Cardone
14.3.5 Dorman
14.3.6 PowerTrain Industries
14.3.7 Pro Comp
14.3.8 GKN
