Market Overview:
The global car interconnecting 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 growth of the global car interconnecting shaft market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, rising awareness about safety features in automobiles is also expected to fuel the growth of the global car interconnecting shaft market over the forecast period. On basis of type, single piece propeller shaft segment is anticipated to account for a major share of revenue in 2018 and is projected register highest CAGR over next 10 years owing its growing demand from passenger vehicle applications globally. Multi piece propeller shaft segment will follow single piece propeller shaft with second highest CAGR due high adoption rates from commercial vehicle applications during forecast period. On basis on application, passenger vehicle segment dominates overall market share followed by commercial vehicle application segments respectively in 2018 & 2030 Regionally, North America accounts for maximum revenue share followed by Europe throughout entire forecast period while Asia Pacific region exhibits highest CAGR over next 10 years attributed mainly due increase in production capacities as well as sales volumes across developing countries such as China.
Product Definition:
A car interconnecting shaft is a component that couples the engine and transmission in a vehicle. It is important because it allows power to be transferred between the two systems, enabling the car to move.
Single Piece Propeller Shaft:
Single piece propeller shaft is a special type of interconnecting shaft that is used in automobile engines. It has one main bearing and one or more journal bearings. The single-piece propeller shafts are generally made from steel, but other metals such as aluminum are also used to make them lighter.
Multi Piece Propeller Shaft:
Multi-piece propeller shaft is a type of drive shaft used in automobiles. It consists of several smaller diameter tubes (or sometimes one large tube) welded or otherwise connected at the bottom to form a common “platform” for the rotation of the propeller and main shaft. The number of pieces varies according to vehicle requirements, but it must be at least two and no more than six.
Application Insights:
The passenger vehicle segment dominated the global car interconnecting shaft market in terms of revenue share in 2017. The growth can be attributed to increasing demand for passenger vehicles from developing countries such as China, India and Brazil. Moreover, stringent government regulations regarding reduction in pollution levels will boost the sales of passenger vehicles across developed countries such as U.S., Germany and France over the forecast period.
Commercial vehicle application segment is expected to witness significant growth over the forecast period owing to rising demand for trucks from various industries including mining, construction and transportation among others. Increasing need for commercial vehicles with enhanced safety features is anticipated to further fuel their demand globally over the next eight years or so.
Regional Analysis:
Asia Pacific dominated the global car interconnecting shaft market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing automobile production and sales in countries, such as China, India, Japan and South Korea. Moreover, rising investments by OEMs for developing advanced driver-assistance systems (ADAS) and other safety features are anticipated to drive product demand over the next eight years.
The European market is projected to grow at a significant rate during the forecast period owing to increasing automotive production in Germany and Italy coupled with high consumer preference for diesel vehicles due to their superior performance compared with petrol engines driven vehicles on highways. In addition, growing ADAS feature requirements on account of stringent government regulations are likely boost product demand across this region during the same period.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Rising demand from the automotive sector
- Growing popularity of connected cars
- Proliferation of advanced technologies in the automotive industry
- Stringent government regulations for vehicle emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Interconnecting Shaft Market Research Report
By Type
Single Piece Propeller Shaft, Multi Piece Propeller Shaft
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
GKN Automotive, BumWoo Precision, Eco Shaft, NTN Bearing, Manufacturing Technology, Hyundai WIA, Changzhou Yirui Machining, GKN Automotive
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Car Interconnecting Shaft Market Report Segments:
The global Car Interconnecting Shaft market is segmented on the basis of:
Types
Single Piece Propeller Shaft, Multi Piece Propeller Shaft
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 Vehicle, 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 Automotive
- BumWoo Precision
- Eco Shaft
- NTN Bearing
- Manufacturing Technology
- Hyundai WIA
- Changzhou Yirui Machining
- GKN Automotive
Highlights of The Car Interconnecting 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:
- Single Piece Propeller Shaft
- Multi Piece Propeller Shaft
- By Application:
- Passenger Vehicle
- 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 Car Interconnecting 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
- Channel & Customer Management
- 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?
A car interconnecting shaft is a metal shaft that connects the engine to the transmission.
Some of the major companies in the car interconnecting shaft market are GKN Automotive, BumWoo Precision, Eco Shaft, NTN Bearing, Manufacturing Technology, Hyundai WIA, Changzhou Yirui Machining, GKN Automotive.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car Interconnecting 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 Car Interconnecting Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car Interconnecting 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 Car Interconnecting 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 Car Interconnecting Shaft Market Size & Forecast, 2018-2028
4.5.1 Car Interconnecting Shaft Market Size and Y-o-Y Growth
4.5.2 Car Interconnecting Shaft Market Absolute $ Opportunity
Chapter 5 Global Car Interconnecting 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 Car Interconnecting Shaft Market Size Forecast by Type
5.2.1 Single Piece Propeller Shaft
5.2.2 Multi Piece Propeller Shaft
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Car Interconnecting 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 Car Interconnecting Shaft Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Interconnecting 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 Car Interconnecting 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 Car Interconnecting Shaft Analysis and Forecast
9.1 Introduction
9.2 North America Car Interconnecting 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 Car Interconnecting Shaft Market Size Forecast by Type
9.6.1 Single Piece Propeller Shaft
9.6.2 Multi Piece Propeller Shaft
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 Car Interconnecting Shaft Market Size Forecast by Applications
9.10.1 Passenger Vehicle
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 Car Interconnecting Shaft Analysis and Forecast
10.1 Introduction
10.2 Europe Car Interconnecting 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 Car Interconnecting Shaft Market Size Forecast by Type
10.6.1 Single Piece Propeller Shaft
10.6.2 Multi Piece Propeller Shaft
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 Car Interconnecting Shaft Market Size Forecast by Applications
10.10.1 Passenger Vehicle
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 Car Interconnecting Shaft Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Car Interconnecting 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 Car Interconnecting Shaft Market Size Forecast by Type
11.6.1 Single Piece Propeller Shaft
11.6.2 Multi Piece Propeller Shaft
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 Car Interconnecting Shaft Market Size Forecast by Applications
11.10.1 Passenger Vehicle
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 Car Interconnecting Shaft Analysis and Forecast
12.1 Introduction
12.2 Latin America Car Interconnecting 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 Car Interconnecting Shaft Market Size Forecast by Type
12.6.1 Single Piece Propeller Shaft
12.6.2 Multi Piece Propeller Shaft
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 Car Interconnecting Shaft Market Size Forecast by Applications
12.10.1 Passenger Vehicle
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) Car Interconnecting Shaft Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Car Interconnecting 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) Car Interconnecting Shaft Market Size Forecast by Type
13.6.1 Single Piece Propeller Shaft
13.6.2 Multi Piece Propeller Shaft
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) Car Interconnecting Shaft Market Size Forecast by Applications
13.10.1 Passenger Vehicle
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 Car Interconnecting Shaft Market: Competitive Dashboard
14.2 Global Car Interconnecting Shaft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN Automotive
14.3.2 BumWoo Precision
14.3.3 Eco Shaft
14.3.4 NTN Bearing
14.3.5 Manufacturing Technology
14.3.6 Hyundai WIA
14.3.7 Changzhou Yirui Machining
14.3.8 GKN Automotive
