Market Overview:
The global rigid 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 growth of the global rigid drive 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 rigid drive shaft market over the forecast period. On basis of type, single piece 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 growing demand from passenger vehicle applications. Multi piece shaft segment will follow single piece shaft with second highest CAGR due high adoption rates from commercial vehicle applications during forecast period. On basis application, passenger vehicle segment accounted for majority revenue share in 2017 and it will continue dominate throughout forecast period with highest CAGR as compared other application segments due increase sales volume globally coupled with stringent emission norms being implemented by regulatory authorities across different geographies .
Product Definition:
A rigid drive shaft is a type of shaft that does not flex, which makes it ideal for transmitting power from the engine to the wheels. It is important because it helps to improve the handling and performance of the vehicle.
Single Piece Shaft:
Single piece shafts are manufactured from high strength steel and have a smaller diameter. The small size of the single piece shaft makes them ideal for applications that require high precision and where smoothness is important. They are used in industries such as medical, aerospace, automotive, etc., Single-piece rigid drive shafts offer several advantages over their counterparts which include two or more pieces rigid drive shafts.
Multi Piece Shaft:
Multi-piece shafts are manufactured with several sections or rigid parts. The number of these pieces can vary from two to eight, but the most commonly used multi-piece shaft is four piece type as it provides better strength and rigidity compared to 2 or 6 piece type. These types of products are widely used in industries such as agriculture, construction equipment, material handling equipment and others due to their properties such as high torque density and high speed for short stroke cycle engines.
Application Insights:
The commercial vehicle segment held the largest share of over 70.0% in 2017. The demand for rigid drive shafts in the commercial vehicles is expected to witness growth on account of its application in various types of trucks, container carriers and tankers, etc. These products are widely used across industries such as construction, mining, marine and waterways transport among others owing to their benefits including high durability and precision machining.
Passenger vehicle accounted for a significant market share in terms of demand as well as supply due to increasing penetration across end-use industries including automotive OEMs and aftermarket suppliers globally coupled with rising R&D investments by major players such as Ford Motor Company LLC., General Motors Company LLC., Volkswagen AG; Mercedes-Benz High & Medium Performance Vehicles GmbH; Toyota Motors Corporation.; Honda Motor Co., Ltd.; Nissan Motor Co., Ltd.; Hyundai Auto & Logistics Group Co., Ltd.; BMW AG; Land Rover Automotive PLC; Porsche Cars North America Inc.
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 has been witnessing strong economic growth on account of increasing foreign investments coupled with rising disposable income of consumers. Growing demand for passenger cars and commercial vehicles in China, India, South Korea, Japan and Taiwan is anticipated to drive the regional market growth over the forecast period.
The North America rigid drive shaft market was valued at USD X million in 2017 owing to high demand from U.S., which accounts for a major chunk of global sales due to easy vehicle accessibility coupled with stringent safety norms implemented by government organizations such as Department Of Transportation (DOT). Europe rigid drive shafts market also held a significant share owing to growing automotive industry across Germany, Italy France Spain etc.
Growth Factors:
- Increasing demand for automobiles
- Growing construction and infrastructure activities
- Rising disposable income of consumers
- Technological advancements in the manufacturing of rigid drive shafts 5. Growing popularity of SUVs and other luxury vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Rigid Drive Shaft Market Research Report
By Type
Single Piece Shaft, Multi Piece Shaft
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
GKN, Dana, IFA Rotorion, AAM, Meritor, YODON, Neapco, Wanxiang, JTEKT, Showa
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
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Rigid Drive Shaft Market Report Segments:
The global Rigid Drive Shaft market is segmented on the basis of:
Types
Single Piece Shaft, Multi Piece 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
- Dana
- IFA Rotorion
- AAM
- Meritor
- YODON
- Neapco
- Wanxiang
- JTEKT
- Showa
Highlights of The Rigid 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:
- Single Piece Shaft
- Multi Piece 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 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
- 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 rigid drive shaft is a type of drive shaft that uses a single, large gear to transmit power from the engine to the wheels. This design eliminates the need for a differential and makes it easier to maintain and repair.
Some of the major companies in the rigid drive shaft market are GKN, Dana, IFA Rotorion, AAM, Meritor, YODON, Neapco, Wanxiang, JTEKT, Showa.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rigid 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 Drive Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rigid 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 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 Drive Shaft Market Size & Forecast, 2020-2028
4.5.1 Rigid Drive Shaft Market Size and Y-o-Y Growth
4.5.2 Rigid 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 Single Piece Shaft
5.2.2 Multi Piece 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 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 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 Single Piece Shaft
9.6.2 Multi Piece 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 Single Piece Shaft
10.6.2 Multi Piece 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 Single Piece Shaft
11.6.2 Multi Piece 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 Single Piece Shaft
12.6.2 Multi Piece 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 Single Piece Shaft
13.6.2 Multi Piece 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 Drive Shaft Market: Competitive Dashboard
14.2 Global Rigid Drive 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 AAM
14.3.5 Meritor
14.3.6 YODON
14.3.7 Neapco
14.3.8 Wanxiang
14.3.9 JTEKT
14.3.10 Showa
