Market Overview:
The global single piece 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%. The rigid shaft segment is expected to account for the majority share of the global single piece drive shaft market by 2030. The light trucks application segment is anticipated to register the highest CAGR over the forecast period. North America accounted for the majority share of the global single piece drive shaft market in 2017 and is projected to maintain its dominance throughout the forecast period. Asia Pacific excluding Japan (APEJ) region is expected to witness high growth rates during 2018-2030 owing to increasing demand from countries such as China and India.
Product Definition:
A single piece drive shaft is a type of shaft that has been designed to transmit torque from one component to another, without the use of joints or couplings. This can be advantageous in applications where high levels of torque are required, as it eliminates the need for components that could potentially fail under stress. Additionally, a single piece drive shaft can help to improve the overall efficiency and performance of a system.
Rigid Shaft:
Rigid shafts are used in various industries such as construction, automotive and marine. 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 flexible counterparts which results in less operational costs over the life of the product.
Hollow Shaft:
Hollow shaft is a type of drive shaft that has no bearings in the center. It is used to transmit power from one or more rotating components to another rotating component without any physical joints. The hollow portion in the middle of the hollow shaft represents where there are no physical bearings present, and this section will be filled with oil or grease so as to eliminate friction between two components.
The advantages associated with using hollow shaef are easy disassembly.
Application Insights:
The light trucks application segment accounted for the largest revenue share of over 60% in 2017. The demand for single piece drive shafts is expected to increase with the rising sales of light trucks such as passenger cars, mini buses and midi buses. These vehicles are widely used on account of their low cost structure, fuel efficiency and environmental friendliness which has resulted in an increased penetration rate across the globe.
Single piece hollow driveshafts have a smaller footprint than conventional multi-piece driveshafts making them ideal for small car production plants where space is at a premium. Hollow driveshafts reduce assembly time by approximately 40% as they require fewer components and can be manufactured from one solid block thus reducing costs incurred during manufacturing process. These factors are anticipated to result in high product demand over the forecast period especially from automotive manufacturers located in emerging economies such as China, India & Brazil who cater to domestic market needs along with global requirements thereby driving industry growth over next few years.
Regional Analysis:
Asia Pacific dominated the global single piece drive shaft market in 2017. The region is expected to continue its dominance over the next eight years owing to increasing demand from developing countries such as India and China. In addition, rising automotive production in these regions is anticipated to fuel market growth over the forecast period.
The Asia Pacific was followed by North America which accounted for a revenue share of 22% in 2017 on account of presence of major players coupled with high vehicle manufacturing volume every year.
In terms of revenue per country U.S.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global automotive industry is witnessing a shift towards the production of fuel-efficient vehicles. This is primarily because of the increasing concerns over environmental pollution and climate change. In order to meet the stringent emission norms, OEMs are increasingly adopting lightweight technologies in their vehicles. Single piece drive shafts are made up of lightweight materials and hence they help in reducing the overall weight of a vehicle, resulting in improved fuel efficiency.
- Rising demand for electric and hybrid vehicles: The popularity of electric and hybrid vehicles is on the rise across the globe due to their superior performance as well as low emissions levels. Single piece drive shafts are particularly beneficial in these types of vehicles as they help reduce power losses caused by transmission systems, thereby improving overall efficiency.
- Growing trend towards vehicle electrification: Vehicle electrification is gaining traction across all major markets due to its ability to improve performance while reducing emissions levels significantly When compared with traditional internal combustion engines, electric motors do not require any gearbox or driveshaft assembly, making them ideally suited for single piece drive shaft applications .This growing trend is likely to boost demand for single piece drive shafts in coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Single Piece Drive Shaft Market Research Report
By Type
Rigid Shaft, Hollow Shaft
By Application
Light Trucks, SUVs
By Companies
GKN, NTN, SDS, Dana, Nexteer, Hyundai-Wia, IFA Rotorion, Meritor, AAM, Neapco
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Single Piece Drive Shaft Market Report Segments:
The global Single Piece 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
Light Trucks, SUVs
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
Highlights of The Single Piece 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:
- Light Trucks
- SUVs
- 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 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 single piece drive shaft is a type of drive shaft that is made from one piece of metal. This makes it more durable and less likely to break than a traditional drive shaft that is made from several pieces of metal.
Some of the key players operating in the single piece drive shaft market are GKN, NTN, SDS, Dana, Nexteer, Hyundai-Wia, IFA Rotorion, Meritor, AAM, Neapco.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Single Piece 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 Drive Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Single Piece 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 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 Drive Shaft Market Size & Forecast, 2020-2028
4.5.1 Single Piece Drive Shaft Market Size and Y-o-Y Growth
4.5.2 Single Piece 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 Light Trucks
6.2.2 SUVs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Single Piece 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 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 Light Trucks
9.10.2 SUVs
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 Light Trucks
10.10.2 SUVs
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 Light Trucks
11.10.2 SUVs
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 Light Trucks
12.10.2 SUVs
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 Light Trucks
13.10.2 SUVs
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 Drive Shaft Market: Competitive Dashboard
14.2 Global Single Piece 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
