Market Overview:
The global rigid and hollow drive 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 rigid shaft segment is expected to account for a larger share of the global market in terms of value, while the hollow shaft segment is anticipated to register higher growth rates during the forecast period. On the basis of application, the passenger vehicle segment is expected to account for a larger share of the global market in terms of value, while commercial vehicles are anticipated to exhibit higher growth rates during 2018-2030.
Product Definition:
The terms "rigid" and "hollow" drive shaft can be used to describe different characteristics of a shaft. A rigid drive shaft is one that does not flex or bend under load, while a hollow drive shaft is one that has a hole running through its length. The purpose of using a hollow drive shaft is to reduce the weight of the vehicle by removing unnecessary material from the center of the shaft.
Rigid Shaft:
Rigid shafts are used in various industries such as construction, agriculture, and mining. The growth factor for rigid shafts is high demand from the end-user industry which is expected to drive the market over the forecast period.
The global rigid shaft market was valued at USD 8.5 billion in 2016.
Hollow Shaft:
Hollow shaft is a type of drive shaft that has no bearings in the traditional sense. The main components of hollow shaft are the sleeve, flange and hub. There are various types of sleeves used for making hollow shafts such as metal alloy, plastic and rubber among others along with various types of flanges which include cast iron, steel and aluminum among others. The hubs can be made using different materials including steel; aluminum; brass; bronze etc., depending upon application requirements.
Application Insights:
The commercial vehicle segment held around 58.0% of the global revenue share in 2017. The growth can be attributed to the increasing demand for trucks, buses and other forms of passenger vehicles in developing countries such as India, China and Brazil. In addition, stringent regulations regarding reduction in vehicular emissions are expected to drive the demand for rigid and hollow shafts over the forecast period.
Passenger vehicle application is projected to witness a CAGR of XX% from 2018 to 2030 owing to rising disposable income levels coupled with population expansion projects in several emerging economies including Russia, India China Japan and Germany will boost product demand over the forecast period 1).
Regional Analysis:
Asia Pacific accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major automobile manufacturers such as Toyota, Honda, Suzuki, Hyundai, Tata Motors and Nissan among others. These companies are actively involved in R&D activities related to development of new products and also focus on expansion strategies through mergers & acquisitions. This has resulted into high demand for rigid drive shafts across Asia Pacific region.
The presence of key players coupled with increasing sales volume has led North America market towards saturation point; however it still holds a significant share owing to growing demand from heavy-duty commercial vehicle segment especially in U.S., which accounts for highest sales volume worldwide of rigid drive shafts for both passenger vehicles as well as commercial vehicles applications (pickups/utility trucks).
Growth Factors:
- Increasing demand for automobiles: The global automobile production is expected to grow at a CAGR of around 3% during the forecast period. This will lead to an increase in the demand for rigid and hollow drive shafts, as they are used in automotive applications.
- Growing industrialization: Rapid industrialization across emerging economies is leading to an increase in the demand for machinery and equipment, which in turn is fueling the growth of the rigid and hollow drive shaft market.
- Rising disposable income: A rise in disposable income has led to an increase in consumer spending on luxury items such as cars, thereby boosting the demand for rigid and hollow drive shafts worldwide.
- Technological advancements: The emergence of new technologies such as electric vehicles (EVs) is resulting in innovative product designs that require advanced drive shaft systems, thereby propelling market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rigid and Hollow Drive Shaft Market Research Report
By Type
Rigid Shaft, Hollow Shaft
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
GKN, NTN, SDS, Dana, Nexteer, Hyundai-Wia, IFA Rotorion, Meritor, AAM, Neapco, JTEKT, Yuandong, Wanxiang
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 Rigid and Hollow Drive Shaft Market Report Segments:
The global Rigid and Hollow Drive Shaft market is segmented on the basis of:
Types
Rigid Shaft, Hollow 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
- NTN
- SDS
- Dana
- Nexteer
- Hyundai-Wia
- IFA Rotorion
- Meritor
- AAM
- Neapco
- JTEKT
- Yuandong
- Wanxiang
Highlights of The Rigid and Hollow Drive 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:
- Rigid Shaft
- Hollow 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 Rigid and Hollow Drive 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
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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?
A rigid drive shaft is a type of shaft that does not have any flexing or bending in it. This makes it ideal for use in applications where precision and stability are important, such as industrial machinery. A hollow drive shaft is a type of shaft that has been designed to be filled with air or other gas, which gives it the ability to move more easily and with less friction than a traditional solid drive shaft.
Some of the major players in the rigid and hollow drive shaft market are GKN, NTN, SDS, Dana, Nexteer, Hyundai-Wia, IFA Rotorion, Meritor, AAM, Neapco, JTEKT, Yuandong, Wanxiang.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rigid and Hollow Drive 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 Rigid and Hollow Drive Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rigid and Hollow Drive 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 Rigid and Hollow Drive 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 Rigid and Hollow Drive Shaft Market Size & Forecast, 2020-2028
4.5.1 Rigid and Hollow Drive Shaft Market Size and Y-o-Y Growth
4.5.2 Rigid and Hollow Drive 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 Rigid Shaft
5.2.2 Hollow Shaft
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 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rigid and Hollow Drive 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 Rigid and Hollow Drive 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 Rigid Shaft
9.6.2 Hollow 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 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 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 Rigid Shaft
10.6.2 Hollow 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 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 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 Rigid Shaft
11.6.2 Hollow 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 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 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 Rigid Shaft
12.6.2 Hollow 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 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) 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 Rigid Shaft
13.6.2 Hollow 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) 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 Rigid and Hollow Drive Shaft Market: Competitive Dashboard
14.2 Global Rigid and Hollow Drive Shaft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 NTN
14.3.3 SDS
14.3.4 Dana
14.3.5 Nexteer
14.3.6 Hyundai-Wia
14.3.7 IFA Rotorion
14.3.8 Meritor
14.3.9 AAM
14.3.10 Neapco
14.3.11 JTEKT
14.3.12 Yuandong
14.3.13 Wanxiang
