Market Overview:
The global automotive half shaft 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% during the forecast period. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. The global automotive half shaft market has been segmented on the basis of type, application and region. On the basis of type, the full floating segment is expected to account for a major share of the global automotive half shaft market in 2018. This can be attributed to its high strength-to-weight ratio as well as its ability to absorb shocks and vibrations effectively.
Product Definition:
A half shaft is a component of an automotive drivetrain that transfers power from the engine to the wheels. It is typically a long, slender rod that runs between the engine and one of the wheels, connecting them through a gearbox or differential. The half shafts are usually enclosed in protective cases to keep them from becoming damaged.
Full Floating:
Full floating is a method of mounting the transmission or engine at the rear of a vehicle. In this system, there is no connection between drive shaft and transmission output shaft. The driveshaft only has universal joints to connect with different parts of the vehicle chassis such as front suspension and steering wheel.
Semi Floating:
Semi-floating is a method of manufacturing automotive half shafts. In this process, the main bearing caps are not installed in the full length of the semi-floating member. The semi-floating member can be considered as a continuation of the main shaft that continues to function as a universal joint and allows both rotation and translation movement in two orthogonal directions.
Application Insights:
OEMs generate higher revenues as they control the full supply chain. OEM half shafts are preferred by many vehicle manufacturers as they offer high quality and reliability at a lower price. The aftermarket segment is expected to witness growth over the forecast period owing to rising disposable income levels in developing countries such as India, China and Brazil. Consumers prefer purchasing accessories that enhance the performance of vehicles, thereby supporting demand for automotive half shafts in the aftermarket segment.
The Latin America region is projected to witness significant growth over the forecast period on account of increasing production bases for passenger cars and LCVs in Mexico and Brazil coupled with growing urbanization, which has resulted in increased demand for automobiles from consumers across Latin America. In addition, favorable government policies aimed at promoting electric vehicles are anticipated to drive consumer interest towards them which will further fuel market growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing demand for vehicles in countries, such as China and India. The growing population in these countries has led to an increase in passenger car production, which is anticipated to drive regional growth. In addition, rising disposable income levels are projected to further fuel market growth over the coming years.
The North American half shaft market was valued at USD X billion in 2017 and is estimated to grow at a CAGR of XX% from 2018 To 2030 owing high vehicle penetration rates coupled with stringent emission norms implemented by regulatory bodies like U.S Environmental Protection Agency (EPA) and California Air Resources Board (CARB).
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 in an effort to reduce environmental pollution levels. This is resulting in the increased adoption of fuel-efficient and low-emission vehicles, which is aiding the growth of the automotive half shaft market.
- Technological advancements: The automotive half shaft market is witnessing rapid technological advancements, with manufacturers focusing on developing products that are lighter in weight and consume less fuel than traditional counterparts.. This is helping them gain a foothold in the market..
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Half Shaft Market Research Report
By Type
Full Floating, Semi Floating, 3/4 Floating
By Application
OEM, Aftermarket
By Companies
Advanced Composite Products & Technology Inc., American Axle and Manufacturing, Inc., Bailey Morris Limited, D & F PROPSHAFTS, Dana Limited, GKN Plc., HYUNDAI WIA CORP., IFA Group, JTEKT Corporation, Neapco, Nexteer Automotive Group Ltd., Wilson Drive Shaft
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Half Shaft Market Report Segments:
The global Automotive Half Shaft market is segmented on the basis of:
Types
Full Floating, Semi Floating, 3/4 Floating
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
OEM, Aftermarket
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:
- Advanced Composite Products & Technology Inc.
- American Axle and Manufacturing, Inc.
- Bailey Morris Limited
- D & F PROPSHAFTS
- Dana Limited
- GKN Plc.
- HYUNDAI WIA CORP.
- IFA Group
- JTEKT Corporation
- Neapco
- Nexteer Automotive Group Ltd.
- Wilson Drive Shaft
Highlights of The Automotive Half 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:
- Full Floating
- Semi Floating
- 3/4 Floating
- By Application:
- OEM
- Aftermarket
- 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 Half 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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?
An automotive half shaft is a component of an automobile that connects the engine to the transmission. It typically consists of two or more gears, and a joint between them.
Some of the major companies in the automotive half shaft market are Advanced Composite Products & Technology Inc., American Axle and Manufacturing, Inc., Bailey Morris Limited, D & F PROPSHAFTS, Dana Limited, GKN Plc., HYUNDAI WIA CORP., IFA Group, JTEKT Corporation, Neapco, Nexteer Automotive Group Ltd., Wilson Drive Shaft.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Half 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 Half Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Half 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 Half 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 Half Shaft Market Size & Forecast, 2020-2028
4.5.1 Automotive Half Shaft Market Size and Y-o-Y Growth
4.5.2 Automotive Half Shaft Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Full Floating
5.2.2 Semi Floating
5.2.3 3/4 Floating
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Half 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 Half 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Full Floating
9.6.2 Semi Floating
9.6.3 3/4 Floating
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 Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Full Floating
10.6.2 Semi Floating
10.6.3 3/4 Floating
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 Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Full Floating
11.6.2 Semi Floating
11.6.3 3/4 Floating
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 Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Full Floating
12.6.2 Semi Floating
12.6.3 3/4 Floating
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 Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Full Floating
13.6.2 Semi Floating
13.6.3 3/4 Floating
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) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
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 Half Shaft Market: Competitive Dashboard
14.2 Global Automotive Half Shaft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Composite Products & Technology Inc.
14.3.2 American Axle and Manufacturing, Inc.
14.3.3 Bailey Morris Limited
14.3.4 D & F PROPSHAFTS
14.3.5 Dana Limited
14.3.6 GKN Plc.
14.3.7 HYUNDAI WIA CORP.
14.3.8 IFA Group
14.3.9 JTEKT Corporation
14.3.10 Neapco
14.3.11 Nexteer Automotive Group Ltd.
14.3.12 Wilson Drive Shaft
