Global Automotive Drive Shafts Industry

Global Automotive Drive Shafts Industry

  • February 2020 •
  • 244 pages •
  • Report ID: 5800025 •
  • Format: PDF
Automotive Drive Shafts market worldwide is projected to grow by US$3 Billion, driven by a compounded growth of 5.9%. Commercial Vehicles, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$5.5 Billion by the year 2025, Commercial Vehicles will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$107 Million to the region’s size and clout in the next 5 to 6 years. Over US$90.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Commercial Vehicles will reach a market size of US$289.4 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.7% over the next couple of years and add approximately US$823.9 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others,
  • American Axle & Manufacturing Inc.
  • Dana, Inc.
  • GKN PLC
  • Meritor, Inc.
  • Neapco Holdings
  • Nexteer Automotive Group Ltd.
  • The Timken Company
  • Wanxiang Qianchao Co., Ltd.
  • Xuchang Yuangdong Drive Shaft Co. Ltd.
  • Yamada Manufacturing Co. Ltd.