Market Overview:
The global industrial 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 industrial cardan shafts in various applications, such as industrial equipment and production lines, across different regions. In terms of type, the torques less than 1000 Nm segment is expected to account for a major share of the global market during the forecast period. This can be attributed to the growing demand for low-torque cardan shafts in various applications, such as agricultural equipment and small machinery.
Product Definition:
A cardan shaft, also called a Cardan joint, is a mechanical device that allows rotation of two shafts about their axes while transmitting torque between them. It consists of two U-joints connected by a cross shaft. The Cardan joint was invented in the 16th century by Gerolamo Cardano.
Torques Less than 1000 Nm:
Cardan shafts are used in various industries such as automotive, construction, and manufacturing. Torque is a measure of force that can be applied to a rotating object in the absence of any external torque source. The cardan shaft is an essential component in many transmission systems which include engines and final drives. In these systems, the cardan shaft functions as an universal joint which allows free rotation between two or more components connected by bolts or screws.
Torques 1000 Nm-2000 Nm:
The torque measurement is the turning force that can be applied by an engine or motor. Torque 1000 Nm-2000 Nm is the measure of a force's ability to rotate an object in one second. It’s used in industrial cardan shaft which is a mechanism to transmit power from input shaft of the motor to output shaft. The higher the better as it will provide more reliability, efficiency and performance during heavy workload operations.
Application Insights:
The industrial equipment segment dominated the global cardan shaft market in 2017 and is expected to witness significant growth over the forecast period. The high demand for highly efficient drives that are lightweight and easy to install is anticipated to fuel product demand over the next seven years.
Industrial production line was the second-largest segment in 2017 owing to increasing utilization of these products in manufacturing processes across various industries such as oil & gas, chemical, cement and metal sectors. Cardan drive provides smooth transmission with low power consumption which makes it suitable for use in industrial production lines worldwide. ¢â‚¬ËœHighly efficient transmission with low maintenance costs will drive its adoption further driving industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising disposable income, and changing regulatory scenario in major economies such as China, India, Japan. Moreover, growing demand for electric vehicles has led companies to increase their research & development activities for manufacturing batteries which will require high torque motors. This factor is also expected to drive the regional market during the forecast period.
Europe accounted for a significant share of global revenue in 2017 owing to rapid technological advancements across various industries coupled with increased spending on R&D by manufacturers operating within this region.
Growth Factors:
- Increasing demand from the automotive industry for cardan shafts as a result of the growth of the global automotive market.
- The increasing demand for agricultural equipment due to the growth in global population and rising income levels in developing countries is expected to drive the demand for cardan shafts over the forecast period.
- Growing popularity of off-highway vehicles, such as construction equipment, mining equipment, and forestry machinery is anticipated to boost demand for cardan shafts during the forecast period.
- Rising investments in infrastructure development projects across emerging economies are projected to create opportunities for manufacturers of cardan shafts over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Cardan Shaft Market Research Report
By Type
Torques Less than 1000 Nm, Torques 1000 Nm-2000 Nm, Torques 2000 Nm-5000 Nm, Torques 5000 Nm-10000 Nm, Torques Above than 10000 Nm
By Application
Industrial Equipment, Industrial Production Line
By Companies
GKN, Dana, IFA Rotorion, Meritor, AAM, Neapco Components, LLC, Elbe Holding GmbH & Co. KG, Gewes, Ameridrive (Altra Industrial Motion Corp.), Taier Heavy Industry Co., Ltd, WiCHMANN GmbH
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Cardan Shaft Market Report Segments:
The global Industrial Cardan Shaft market is segmented on the basis of:
Types
Torques Less than 1000 Nm, Torques 1000 Nm-2000 Nm, Torques 2000 Nm-5000 Nm, Torques 5000 Nm-10000 Nm, Torques Above than 10000 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
Industrial Equipment, Industrial Production Line
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
- Elbe Holding GmbH & Co. KG
- Gewes
- Ameridrive (Altra Industrial Motion Corp.)
- Taier Heavy Industry Co., Ltd
- WiCHMANN GmbH
Highlights of The Industrial 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 2000 Nm-5000 Nm
- Torques 5000 Nm-10000 Nm
- Torques Above than 10000 Nm
- By Application:
- Industrial Equipment
- Industrial Production Line
- 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 Industrial 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?
Industrial cardan shaft is a type of drive shaft that is used in industrial applications. It is made out of metal and has a number of gears inside it that allow it to move objects around.
Some of the key players operating in the industrial cardan shaft market are GKN, Dana, IFA Rotorion, Meritor, AAM, Neapco Components, LLC, Elbe Holding GmbH & Co. KG, Gewes, Ameridrive (Altra Industrial Motion Corp.), Taier Heavy Industry Co., Ltd, WiCHMANN GmbH.
The industrial cardan shaft market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial 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 Industrial Cardan Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial 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 Industrial 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 Industrial Cardan Shaft Market Size & Forecast, 2018-2028
4.5.1 Industrial Cardan Shaft Market Size and Y-o-Y Growth
4.5.2 Industrial Cardan Shaft Market Absolute $ Opportunity
Chapter 5 Global Industrial 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 Industrial 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 2000 Nm-5000 Nm
5.2.4 Torques 5000 Nm-10000 Nm
5.2.5 Torques Above than 10000 Nm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial 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 Industrial Cardan Shaft Market Size Forecast by Applications
6.2.1 Industrial Equipment
6.2.2 Industrial Production Line
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial 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 Industrial 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 Industrial Cardan Shaft Analysis and Forecast
9.1 Introduction
9.2 North America Industrial 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 Industrial 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 2000 Nm-5000 Nm
9.6.4 Torques 5000 Nm-10000 Nm
9.6.5 Torques Above than 10000 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 Industrial Cardan Shaft Market Size Forecast by Applications
9.10.1 Industrial Equipment
9.10.2 Industrial Production Line
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 Industrial Cardan Shaft Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial 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 Industrial 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 2000 Nm-5000 Nm
10.6.4 Torques 5000 Nm-10000 Nm
10.6.5 Torques Above than 10000 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 Industrial Cardan Shaft Market Size Forecast by Applications
10.10.1 Industrial Equipment
10.10.2 Industrial Production Line
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 Industrial Cardan Shaft Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial 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 Industrial 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 2000 Nm-5000 Nm
11.6.4 Torques 5000 Nm-10000 Nm
11.6.5 Torques Above than 10000 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 Industrial Cardan Shaft Market Size Forecast by Applications
11.10.1 Industrial Equipment
11.10.2 Industrial Production Line
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 Industrial Cardan Shaft Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial 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 Industrial 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 2000 Nm-5000 Nm
12.6.4 Torques 5000 Nm-10000 Nm
12.6.5 Torques Above than 10000 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 Industrial Cardan Shaft Market Size Forecast by Applications
12.10.1 Industrial Equipment
12.10.2 Industrial Production Line
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) Industrial Cardan Shaft Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial 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) Industrial 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 2000 Nm-5000 Nm
13.6.4 Torques 5000 Nm-10000 Nm
13.6.5 Torques Above than 10000 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) Industrial Cardan Shaft Market Size Forecast by Applications
13.10.1 Industrial Equipment
13.10.2 Industrial Production Line
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 Industrial Cardan Shaft Market: Competitive Dashboard
14.2 Global Industrial 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 Elbe Holding GmbH & Co. KG
14.3.8 Gewes
14.3.9 Ameridrive (Altra Industrial Motion Corp.)
14.3.10 Taier Heavy Industry Co., Ltd
14.3.11 WiCHMANN GmbH
