Market Overview:
The global single piece alloy 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 type segment is expected to account for a larger share of the global market in 2018. However, the hollow shaft type segment is projected to register higher growth rates over the forecast period. Among applications, passenger vehicles are expected to account for a larger share of the global market in 2018; however, commercial vehicles are anticipated to exhibit higher growth rates over the forecast period. North America dominates the global single piece alloy drive shaft market and is anticipated grow at a CAGR of X. Some key factors driving growth of this market include stringent emission norms and fuel efficiency regulations across regions; growing demand for luxury cars and SUVs; rising trend towards downsizing/lightweighting automotive components; increasing penetration of CVTs in passenger cars;.
Product Definition:
A single-piece alloy drive shaft is a type of drive shaft that is made from a single piece of metal. This type of drive shaft is typically stronger and more durable than other types of drive shafts, and it can withstand greater amounts of torque.
Rigid Shaft:
Rigid shafts are used in various industries such as construction, automotive, and food processing. The growth factor for the rigid shaft is high demand from end-user industries due to its properties such as corrosion resistance, high strength and durability. In addition, it has a higher load capacity than other types of driveshafts which increases the efficiency of machine tools used in cutting applications.
Hollow Shaft:
Hollow shaft is a type of drive shaft that has no bearings in the center. It is used to transmit power from an engine to various components such as gearbox, differential, and others. The hollow portion in the middle of the shaft allows space for other internal components such as seals and bearings which are not present in solid driveshafts.
Application Insights:
The commercial vehicle segment held around 58.0% of the revenue share in 2017 and is expected to witness significant growth over the forecast period. Single piece alloy drive shafts are used in heavy-duty trucks, buses, coaches and other vehicles for reducing friction losses as well as increasing fuel efficiency. These products have a low mass compared to their metallic counterparts, which results in lesser rotational speed changes during acceleration and deceleration resulting in improved fuel efficiency. In addition, single piece alloy drive shafts do not require any additional bearings making them lightweight; these factors are anticipated to increase their penetration rate further driving the market growth over the coming years.
Single piece alloys also find application across various passenger vehicles including sports cars, luxury cars.
Regional Analysis:
Asia Pacific dominated the global single piece alloy drive shaft market in terms of revenue with a share of over 60% in 2017. This is attributed to increasing automotive production and sales, especially in China, India, Japan and South Korea. The region is expected to witness significant growth over the forecast period owing to rising demand for passenger vehicles and LCVs/HCVs.
The Asia Pacific was followed by North America which accounted for 20% of the total market share in 2017 owing to growing demand from U.S., one of the major markets for automotive industry globally. Europe also contributed significantly towards global SPAGS with a share of 17%in 2017 due to high demand from Germany & UK coupled with stringent regulations regarding fuel economy as well as carbon emissions caused by vehicle operation. Moreover, presence of prominent players such as Volkswagen Group; Mercedes-Benz AG; BMW AG; Daimler AG; Ford Motor Company LLC.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Rising automotive production in developing countries
- Growing popularity of all-wheel drive vehicles
- Proliferation of electric and hybrid vehicles
- Advances in engineering and manufacturing technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Single Piece Alloy 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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Single Piece Alloy Drive Shaft Market Report Segments:
The global Single Piece Alloy 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 Single Piece Alloy 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 Single Piece Alloy 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 single piece alloy drive shaft is a type of drive shaft that is made from one solid piece of metal. This type of drive shaft is often more durable than a traditional two-piece drive shaft, because it eliminates the possibility of broken parts that can cause damage to the engine.
Some of the major players in the single piece alloy 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 Single Piece Alloy 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 Single Piece Alloy Drive Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Single Piece Alloy 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 Single Piece Alloy 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 Single Piece Alloy Drive Shaft Market Size & Forecast, 2020-2028
4.5.1 Single Piece Alloy Drive Shaft Market Size and Y-o-Y Growth
4.5.2 Single Piece Alloy 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 Single Piece Alloy 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 Single Piece Alloy 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 Single Piece Alloy Drive Shaft Market: Competitive Dashboard
14.2 Global Single Piece Alloy 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
