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Published Date: 2017-01-17Number of Pages: 181

Automotive Drive Shafts Market (Vehicle - Passenger Cars, Heavy Commercial Vehicles, and Light Commercial Vehicles; Shaft Type - Hotchkiss Drive Shaft, Flexible Drive Shaft, and Torque Tube Drive Shaft; Position Type - Front Wheel Drive Shaft, and Rear Wheel Drive Shaft) - Global Industry Analysis, Trend, Size, Share and Forecast 2016 - 2024

Global Automotive Drive Shafts Market: Overview

The global automotive drive shafts market has been gaining steady momentum in the recent years with the accelerated production of vehicles across the world. These mechanical devices carry power from the engine to wheels. As automotive drive shafts have to put up with extreme pressure and stress, they have designed to be strong and light weight to ensure absorption of torque of the engine. The drive shafts have to be light weight in order to reduce the weight of the vehicle. Owing to the excessive demand for vehicles across the globe, the demand for automotive drive shafts has also risen. According to the research report, the global automotive drive shafts market is expected to be worth US$8.9 bn by the end of 2024 as compared to US$5.3 bn in 2015. During the forecast years of 2016 and 2024, the global market is estimated to leap ahead at a CAGR of 6.1%.

automotive drive shafts market

Rising Production of Vehicles Accelerates Demand for Automotive Drive Shafts

The global drive shafts market has been growing against the backdrop of rising production of automobiles. As the global automotive industry has been growing at a relentless speed since the 2008 economic depressing, it has ensured the revival of production of several automobile parts. Analysts predict that the automobile industry will continue to grow in the coming years, spelling a positive outlook for the overall market. The demand for automotive drive shafts will also remain steady in n the after sales services segment as these critical components of vehicles have to be replaced due to their wear and tear over time. The only hindrance in the global automotive drive shafts market is the emerging trend of electric vehicles. Electric vehicles operate on batteries, which are charged by electricity, thus eliminating the need for shafts completely.

Heavy Commercial Vehicles Show Steady Growth Rate during Forecast Period

The global automotive drive shafts market has been segmented on the basis of vehicle into passenger vehicles, heavy commercial vehicles, and light commercial vehicles. Out of these, the heavy commercial vehicles are expected to show remarkable progress over the forecast period. As heavy commercial vehicles form the backbone of the economy, they will continue to demand automotive drive shafts more than the other segments. These shafts will be predominantly be used for heavy duty trucks that are used for transporting foods across national and international borders.

Asia Pacific Emerges as Leading Regional Market as Emerging Economies become Automobile Manufacturing Hubs

In terms of geography, the global automotive drive shafts market is segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Of these, Asia Pacific is anticipated to grow at the highest CAGR during the forecast period. The booming production of vehicles in emerging economies of India, China, and Japan is expected to drive this regional market in the coming few years. The heavy commercial vehicles are estimated to hold the dominant position in Asia Pacific automotive drive shafts market, while the passenger cars will be the second largest segment. The rising economic activity in this region along with soaring capital investments is expected to provide the Asia Pacific automotive drive shafts market an unwavering support all through 2024.

The key players operating in the global automotive drive shafts market are GKN PLC, American Axle Manufacturing Inc., Dana Incorporated, Nexteer Automotive, Xuchang Yuangdong Driveshaft Co., Ltd., and Neapco Holdings, LLC, among others.

Section 01 Preface
1.1. Research Scope& Market Segmentation
1.2. Research Highlights
1.3. Research Objectives 
1.4. Key Questions Answered

Section 02 Assumptions and Research Methodology

Section 03 Executive Summary

Section 04 Market Overview
4.1. Product Overview
4.2. Market Indicators
4.3. Drivers and Restraints Snapshot Analysis

Section 05 Market Dynamics
5.1. Drivers and Restraints: Snapshot Analysis

Section 06 Global Automotive Drive Shafts Market Outlook
6.1. Global Automotive Drive Shafts Market Analysis: By Vehicle Type
6.2. Global Automotive Drive Shafts Market Analysis : By Shafts Types
6.3. Global Automotive Drive Shafts Market Analysis : By Position Type

Section 07 North America Automotive Drive Shafts Market Analysis and Revenue Forecast (2016-2024)
7.1. North America Automotive Drive Shafts Market Analysis, By Vehicle Type
        7.1.1. Heavy Commercial Vehicles
        7.1.2. Passenger Cars
        7.1.3. Light Commercial Vehicles
7.2. North America Automotive Drive Shafts Market Analysis, By Shaft Type
        7.1.1. Hotchkiss Drive Shaft Type
        7.1.2. Flexible Drive Shaft Type
        7.1.3. Torque Tube Drive Shaft Type
7.3. North America Automotive Drive Shafts Market Analysis, By Position Type
        7.1.2. Front Wheel Drive Shaft 
        7.1.2. Rear Wheel Drive Shaft
7.4. North America Automotive Drive Shafts Market Analysis, By Country 
        7.1.2. U.S.
        7.1.2. Canada
        7.1.2. Mexico

Section 08 Europe Automotive Drive Shafts Market Analysis and Revenue Forecast (2016-2024)
8.1 Europe Automotive Drive Shafts Market Analysis, By Vehicle Type
        8.1.1. Heavy Commercial Vehicles
        8.1.2. Passenger Cars
        8.1.3. Light Commercial Vehicles
8.2 Europe Automotive Drive Shafts Market Analysis, By Shaft Type
        8.2.1. Hotchkiss Drive Shaft Type
        8.2.2. Flexible Drive Shaft Type
        8.2.3. Torque Tube Drive Shaft Type
8.3. Europe Automotive Drive Shafts Market Analysis, By Position Type
        8.3.1. Front Wheel Drive Shaft
        8.3.2. Rear Wheel Drive Shaft
8.4 Europe Automotive Drive Shafts Market Analysis, By Country 
        8.4.1. Germany
        8.4.2. France
        8.4.3. U.K.
        8.4.4. Italy
        8.4.4. Rest of Europe

Section 09 Asia Pacific Automotive Drive Shafts Market Analysis and Revenue Forecast (2016-2024)
9.1 Asia Pacific Automotive Drive Shafts Market Analysis, By Vehicle Type
        9.1.1. Heavy Commercial Vehicles
        9.1.2. Passenger Cars
        9.1.3. Light Commercial Vehicles
9.2. Asia Pacific Automotive Drive Shafts Market Analysis, By Shaft Type
        9.2.1. Hotchkiss Drive Shaft Type
        9.2.2. Flexible Drive Shaft Type
        9.2.2. Torque Tube Drive Shaft Type
9.3. Asia Pacific Automotive Drive Shafts Market Analysis, By Position Type
        9.3.1. Front Wheel Drive Shaft
        9.3.2. Rear Wheel Drive Shaft
9.4. Asia Pacific Automotive Drive Shafts Market Analysis, By Country 
        9.3.1. China
        9.3.1. India
        9.3.1. Japan
        9.3.1. Rest of Asia Pacific

Section 10 Middle East and Africa (MEA) Automotive Drive Shafts Market Analysis and Revenue Forecast (2016-2024)
10.1. Middle East and Africa (MEA) Automotive Drive Shafts Market Analysis, By Vehicle Type
        10.1.1. Heavy Commercial Vehicles
        10.1.2. Passenger Cars
        10.1.3. Light Commercial Vehicles
10.2. Middle East and Africa (MEA) Automotive Drive Shafts Market Analysis, By Shaft Type
        10.2.1. Hotchkiss Drive Shaft Type
        10.2.2. Flexible Drive Shaft Type
        10.2.3. Torque Tube Drive Shaft Type
10.3. Middle East and Africa (MEA) Automotive Drive Shafts Market Analysis, By Position Type
        10.3.1. Front Wheel Drive Shaft
        10.3.2. Rear Wheel Drive Shaft
10.4. Rest of Middle East and Africa (MEA) Automotive Drive Shafts Market Analysis, By Country
        10.4.1. UAE
        10.4.2. South Africa
        10.4.2. Rest of Middle East and Africa

Section 11 Latin America Automotive Drive Shafts Market Analysis and Revenue Forecast (2016-2024)
11.1. Latin America Automotive Drive Shafts Market Analysis, By Vehicle Type
        11.1.1. Heavy Commercial Vehicles
        11.1.2. Passenger Cars 
        11.1.3. Light Commercial Vehicles
11.2. Latin America Automotive Drive Shafts Market Analysis, By Shaft Type
        11.2.1. Hotchkiss Drive Shaft Type
        11.2.2. Flexible Drive Shaft Type
        11.2.3. Torque Tube Drive Shaft Type
11.3. Latin America Automotive Drive Shafts Market Analysis, By Position Type
        11.3.1. Front Wheel Drive Shaft
        11.3.1. Rear Wheel Drive Shaft
11.4. Latin America Automotive Drive Shafts Market Analysis, By Country
        11.4.1. Brazil
        11.4.2. Argentina
        11.4.3. Rest of Latin America

Section 12 Company Profiles
12.1 GKN PLC
        12.1.1 Company Details (HQ, Foundation Year, Employee Strength)
        12.1.2 Market Presence, By Segment and Geography
        12.1.3 Strategy and SWOT Analysis
        12.1.4 Revenue and Y-o-Y Growth
12.2 American Axle Manufacturing Inc.
        12.2.1 Company Details (HQ, Foundation Year, Employee Strength)
        12.2.2 Market Presence, By Segment and Geography
        12.2.3 Strategy and SWOT Analysis
        12.2.4 Revenue and Y-o-Y Growth
12.3 Dana Incorporated
        12.3.1 Company Details (HQ, Foundation Year, Employee Strength)
        12.3.2 Market Presence, By Segment and Geography
        12.3.3 Strategy and SWOT Analysis
        12.3.4 Revenue and Y-o-Y Growth
12.4 Nexteer Automotive
        12.4.1 Company Details (HQ, Foundation Year, Employee Strength)
        12.4.2 Market Presence, By Segment and Geography
        12.4.3 Strategy and SWOT Analysis
        12.4.4 Revenue and Y-o-Y Growth
12.5 Xuchang Yuangdong Drive Shaft Co., Ltd.
        12.5.1 Company Details (HQ, Foundation Year, Employee Strength)
        12.5.2 Market Presence, By Segment and Geography
        12.5.3 Strategy and SWOT Analysis
        12.5.4 Revenue and Y-o-Y Growth
12.6 Wanxiang Qianchao Co., Ltd.
        12.6.1 Company Details (HQ, Foundation Year, Employee Strength)
        12.6.2 Market Presence, By Segment and Geography
        12.6.3 Strategy and SWOT Analysis
        12.6.4 Revenue and Y-o-Y Growth
12.7 Neapco Holdings, LLC.
        12.7.1 Company Details (HQ, Foundation Year, Employee Strength)
        12.7.2 Market Presence, By Segment and Geography
        12.7.3 Strategy and SWOT Analysis
        12.7.4 Revenue and Y-o-Y Growth
12.8 Yamada Manufacturing Co., Ltd.
        12.8.1 Company Details (HQ, Foundation Year, Employee Strength)
        12.8.2 Market Presence, By Segment and Geography
        12.8.3 Strategy and SWOT Analysis
        12.8.4 Revenue and Y-o-Y Growth
12.10 The Timken Company
        12.10.1 Company Details (HQ, Foundation Year, Employee Strength)
        12.10.2 Market Presence, By Segment and Geography
        12.10.3 Strategy and SWOT Analysis
        12.10.4 Revenue and Y-o-Y Growth
12.11 Meritor Inc. 
        12.11.1 Company Details (HQ, Foundation Year, Employee Strength)
        12.11.2 Market Presence, By Segment and Geography
        12.11.3 Strategy and SWOT Analysis
        12.11.4 Revenue and Y-o-Y Growth

List of Figures 

FIG. 1 Market Size, Indicative (US USD Mn)
FIG. 2 Growth Trends in the Shaft Type Segment in Terms of CAGR, 2015-2024
FIG. 3 Global Automotive Drive Shafts Market Revenue, By Vehicle Type, 2016 (USD Mn)
FIG. 4 Automotive Drive Shafts Market Revenue, By Shaft Type, 2016 (USD Mn)
FIG. 5 Global Automotive Drive Shafts Market Revenue, By Region, 2016 (USD Mn)
FIG. 6 Global Automotive Drive Shafts Market Revenue, By Position Type, 2016 (USD Mn)
FIG. 7 Global Automotive Drive Shafts Market Value Share Analysis By Vehicle Type, 2016 and 2024
FIG. 8 Automotive Drive Shafts Market, Heavy Commercial Vehicles, USD Mn, 2015-2024
FIG. 9 Automotive Drive Shafts Market, Passenger Cars, USD Mn, 2015-2024
FIG. 10 Automotive Drive Shafts Market, Light Commercial Vehicles, USD Mn, 2015-2024
FIG. 11 Automotive Drive Shafts Market Attractiveness Analysis, By Vehicle Type, 2015 
FIG. 12 Global Automotive Drive Shafts Market Value Share Analysis, By shaft Type, 2016 and 2024
FIG. 13 Automotive Drive Shafts Market, Hotchkiss Drive Shaft Type, USD Mn, 2015-2024
FIG. 14 Automotive Drive Shafts Market, Flexible Drive Shaft Type, USD Mn, 2015-2024
FIG. 15 Automotive Drive Shafts Market, Torque Tube Drive Shaft Type, USD Mn, 2015-2024
FIG. 16 Automotive Drive Shafts Market Attractiveness Analysis, By Shaft Type, 2015 
FIG. 17 Global Automotive Drive Shaft Market Value Share Analysis By Position Type, 2016 and 2024 
FIG. 18 Automotive Drive Shafts Market, Front Wheel Drive Shaft, USD Mn, 2015-2024
FIG. 19 Automotive Drive Shafts Market, Rear Wheel Drive Shaft, USD Mn, 2015-2024 
FIG. 20 Automotive Drive Shafts Market Attractiveness Analysis By Position Type, 2015 
FIG. 21 North America Automotive Drive Shafts Market Value Share Analysis, By Vehicle Type, 2016 and 2024 
FIG. 22 North America Automotive Drive Shafts Market, Heavy Commercial Vehicles, USD Mn, 2015-2024 
FIG. 23 North America Automotive Drive Shafts Market, Passenger Cars, USD Mn, 2015-2024 
FIG. 24 North America Automotive Drive Shafts Market, Light Commercial Vehicles, USD Mn, 2015-2024
FIG. 25. North America Automotive Drive Shafts Market Value Share Analysis, By Shafts Type, 2016 and 2024 
FIG. 26 North America Automotive Drive Shafts Market, Hotchkiss Drive Shaft Type, 2015-2024 
FIG. 27 North America Automotive Drive Shafts Market, Flexible Drive Shaft Type, 2015-2024 
FIG. 28 North America Automotive Drive Shafts Market, Torque Tube Drive Shaft Type, 2015-2024 
FIG. 29 North America Automotive Drive Shafts Market Value Share Analysis, By Position Type, 2016 and 2024
FIG. 30 North America Automotive Drive Shafts Market, Front Wheel Drive Shaft, 2015-2024 
FIG. 31 North America Automotive Drive Shafts Market, Rear Wheel Drive Shaft, 2015-2024
FIG. 32 U.S. Automotive Drive Shafts Market Analysis, USD Mn, 2015-2024
FIG. 33 Canada Automotive Drive Shafts Market Analysis, USD Mn, 2015-2024
FIG. 34 Mexico Automotive Drive Shafts Market Analysis, USD Mn, 2015-2024 
FIG. 35 EuropeAutomotive Drive Shafts Market Value Share Analysis, By Vehicle Type, 2016 and 2024 
FIG. 36 Europe Automotive Drive Shafts Market, Heavy Commercial Vehicles, USD Mn, 2015-2024
FIG. 37 Europe Automotive Drive Shafts Market, Passenger Cars, USD Mn, 2015-2024
FIG. 38 Europe Automotive Drive Shafts Market, Light Commercial Vehicles, USD Mn, 2015-2024
FIG. 39 Europe Automotive Drive Shafts Market Value Share Analysis, By Shaft Type, 2016 and 2024
FIG. 40 Europe Automotive Drive Shafts Market, Hotchkiss Drive Shaft Type, USD Mn, 2015-2024 
FIG. 41 Europe Automotive Drive Shafts Market, Flexible Drive Shaft Type, USD Mn, 2015-2024
FIG. 42 Europe Automotive Drive Shafts Market, Torque Tube Drive Shaft Type, USD Mn, 2015-2024
FIG. 43 Europe Automotive Drive Shafts Market Value Share Analysis, By Position Type, 2016 and 2024
FIG. 44 Europe Automotive Drive Shafts Market, Front Wheel Drive Shaft, USD Mn, 2015-2024 
FIG. 46 Germany Automotive Drive Shafts Market Analysis, USD Mn, 2015-2024 
FIG. 47 France Automotive Drive Shafts Market Analysis, USD Mn, 2015-2024
FIG. 48 U.K. Automotive Drive Shafts Market Analysis, USD Mn, 2015-2024 
FIG. 49 Italy Automotive Drive ShaftsMarket Analysis, USD Mn, 2015-2024
FIG. 50 RoE Automotive Drive Shafts Market Analysis, USD Mn, 2015-2024 
FIG. 51 APAC Automotive Drive Shafts Market Value Share Analysis, By Vehicle Type,USD Mn, 2016 and 2024 
FIG. 52 APAC Automotive Drive Shafts Market, Heavy Commercial Vehicles, USD Mn, 2015-2024 
FIG. 53 APAC Automotive Drive Shafts Market, Passenger Cars, USD Mn, 2015-2024
FIG. 54 APAC Automotive Drive Shafts Market, Light Commercial Vehicles, USD Mn, 2015-2024
FIG. 55 APAC Automotive Drive Shafts Market Value Share Analysis By Shafts Type, USD Mn, 2016 and 2024 
FIG. 56 APAC Automotive Drive Shafts Market, Hotchkiss Drive Shaft Type, USD Mn, 2015-2024
FIG. 57 APAC Automotive Drive Shafts Market, Flexible Drive Shaft Type, USD Mn, 2015-2024
FIG. 58 APAC Automotive Drive Shafts Market, Torque Tube Drive Shaft Type, USD Mn, 2015-2024
FIG. 59 APAC Automotive Drive Shafts Market Value Share Analysis, By Position Type, 2016 and 2024 
FIG. 60 APAC Automotive Drive Shafts Market, Front Wheel Drive Shaft, USD Mn, 2015-2024
FIG. 61 APAC Automotive Drive Shafts Market, Rear Wheel Drive Shaft, USD Mn, 2015-2024 
FIG. 62 China Automotive Drive Shafts Market Analysis, USD Mn, 2015-2024 
FIG. 63 India Automotive Drive Shafts Market Analysis, USD Mn, 2015-2024
FIG. 64 Japan Automotive Drive Shafts Market Analysis, USD Mn, 2015-2024
FIG. 65 RAPAC Automotive Drive Shafts Market Analysis, USD Mn, 2015-2024
FIG. 66 MEA Automotive Drive Shafts Market Value Share Analysis, By Vehicle Type, USD Mn, 2016 and 2024 
FIG. 67 MEA Automotive Drive Shafts Market, Heavy Commercial Vehicles, USD Mn, 2015-2024 
FIG. 68 MEA Automotive Drive Shafts Market, Passenger Cars, USD Mn, 2015-2024 
FIG. 69 MEA Automotive Drive Shafts Market, Light Commercial Vehicles, USD Mn, 2015-2024 
FIG. 70 MEA Automotive Drive Shafts Market Value Share Analysis, By Shaft Type, USD Mn, 2016 and 2024 
FIG. 71 MEA Automotive Drive Shafts Market,Hotchkiss Drive Shaft Type, USD Mn, 2015-2024 
FIG. 72 MEA Automotive Drive Shafts Market, Flexible Drive Shaft Type, USD Mn, 2015-2024 
FIG. 73 MEA Automotive Drive Shafts Market, Torque Tube Drive Shaft Type, USD Mn, 2015-2024 
FIG. 74 MEA Automotive Drive Shafts Market Value Share Analysis, By Position Type, USD Mn, 2016 and 2024 
FIG. 75 MEA Automotive Drive Shafts Market, Front Wheel Drive Shaft , USD Mn, 2015-2024 
FIG. 76 MEA Automotive Drive Shafts Market, Rear Wheel Drive Shaft , USD Mn, 2015-2024 
FIG. 77 UAE Automotive Drive Shafts Market, USD Mn, 2015-2024 
FIG. 78 South Africa Automotive Drive Shafts Market,USD Mn, 2015-2024 
FIG. 79 RMEAAutomotive Drive Shafts Market, USD Mn, 2015-2024 
FIG. 80 LATAM Automotive Drive Shafts Market Value Share Analysis, By Vehicle Type, USD Mn, 2016 and 2024 
FIG. 81 LATAM Automotive Drive Shafts Market, Heavy Commercial Vehicles , USD Mn, 2015-2024 
FIG. 82 LATAM Automotive Drive Shafts Market, Passenger Cars , USD Mn, 2015-2024 
FIG. 83 LATAM Automotive Drive Shafts Market, Light Commercial Vehciles , USD Mn, 2015-2024 
FIG. 84 LATAM Automotive Drive Shafts Market Value Share Analysis, By Shaft Type, USD Mn, 2016 and 2024 
FIG. 85 LATAM Automotive Drive Shafts Market, Hotchkiss Drive Shaft Type , USD Mn, 2015-2024 
FIG. 86 LATAM Automotive Drive Shafts Market, Flexible  Drive Shaft Type , USD Mn, 2015-2024 
FIG. 87 LATAM Automotive Drive Shafts Market, Torque Tube Drive Shaft Type , USD Mn, 2015-2024 
FIG. 88 LATAM Automotive Drive Shafts Market Value Share Analysis, Position Type , USD Mn, 2016 and 2024 
FIG. 89 LATAM Automotive Drive Shafts Market, Front Wheel Drive Shaft, USD Mn, 2015-2024 
FIG. 90 LATAM Automotive Drive Shafts Market, Rear Wheel Drive Shaft, USD Mn, 2015-2024 
FIG. 91 Brazil Automotive Drive Shafts Market, USD Mn, 2015-2024 
FIG. 92 Argentina Automotive Drive Shafts Market, USD Mn, 2015-2024 
FIG. 93 RLATAM Automotive Drive Shafts Market, USD Mn, 2015-2024 

List of Tables

TABLE 1 GlobalAutomotive Drive Shafts Market Size (USD Mn) Forecast, By Vehicle Type, 2016-2024
TABLE 2 Global Automotive Drive Shafts Market Size (USD Mn) Forecast, By Shaft, 2015-2024
TABLE 3 Global Automotive Drive Shafts Market Size (USD Mn)Forecast, By Position Type, 2016-2024 
TABLE 4 North America Market Size (USD Million) Forecast, By Vehicle Type, 2016-2024
TABLE 5 North America Market Size (USD Mn) Forecast, By Shaft Type, 2016-2024
TABLE 6 North America Market Size (USD Mn) Forecast, By Position Type, 2016-2024
TABLE 7 Europe Market Size (USD Mn) Forecast, By VehicleType, 2016-2024
TABLE 8 Europe Market Size (USD Mn) Forecast,By Shaft Type, 2016-2024
TABLE 9 Europe Market Size (USD Mn) Forecast, By Position Type, 2016-2024
TABLE 10 APACMarket Size (USD Mn) Forecast, By Vehicle Type, 2016-2024
TABLE 11 APAC Market Size (USD Mn) Forecast, By Shaft Type, 2016-2024
TABLE 12 APAC Market Size (USD Million) Forecast, By Position Type, 2016-2024
TABLE 13 MEA Market Size (USD Million) Forecast, By Vehicle Type, 2016-2024
TABLE 14 MEA Market Size (USD Million) Forecast, By Shaft Type, 2016-2024
TABLE 15 MEA Market Size (USD Million) Forecast, By Position Type, 2016-2024
TABLE 16 LATAM Market Size (USD Million) Forecast, By Vehicle Type, 2016-2024
TABLE 17 LATAM Market Size (USD Million) Forecast, By Shaft Type, 2016-2024
TABLE 18 LATAM Market Size (USD Million) Forecast, By Position Type, 2016-2024

Global Automotive Drive Shafts Market: Overview

The automotive drive shafts market across the globe is anticipated to witness a stable growth during the forecast period from 2016 to 2024. Automotive drive shafts are mechanical components used for transferring torque from the engine to the other end of the vehicle before it reaches the wheels. These components are automotive drive shafts made up of steel, aluminum and carbon fiber. Automotive drive shafts made of aluminum are light and sturdy at the same time which enables the drive shafts to be balanced, produce more rotating speed and also reduces the overall weight of the vehicle. Aluminum drive shafts are light and sturdy, enabling the overall weight of the vehicle to be light and require less fuel. Aluminum drive shafts are also more balanced and produces more rotating speed. Steel drive shafts are very heavy and requires a lot of horsepower to transmit torque and rotate. It makes the overall weight of the vehicle very heavy, requiring more fuel to run. .

Global Automotive Drive Shafts Market: Segmentation

By types, the market has been segmented into hotchkiss drive shafts, flexible drive shafts and torque tube drive shafts. Hotchkiss drive shafts are the most popular form of shafts used for rear axle suspension and are commonly found in heavy commercial vehicles and passenger cars. Flexible drive shaft types have high longevity and permits continuous rotation in vehicles even at high speed. These are mostly found in passenger cars and light commercial vehicles. Use of torque tube drive shaft is comparatively less widespread than hotchkiss drive shaft system and flexible drive shaft system. It is mostly found in heavy commercial vehicles with front engine and rear drive. Torque tube drive shaft types are typically heavier and produces greater up sprung weight on the vehicle. The automotive drive shafts can also be judged based on their position which in turn depends on whether the vehicle is Front Wheel Drive (FWD) or Rear Wheel Drive (RWD). Front Wheel Drive vehicles are always the preferred choice since they are more fuel efficient and weigh less enabling the vehicle to be aerodynamic. The FWD vehicles also cost less compared to RWD vehicles, therefore their production and use is higher. In recent years, all the passenger cars and light commercial vehicles are FWD and their drive shafts are placed likewise. This positioning also protects the vehicles in case of accidents.

Global Automotive Drive Shafts Market: Drivers and Restraints

The report also discusses the demand inducing and demand restraining factors. The main drivers have been identified to be the rise in production of vehicles and depreciation of drive shafts whose replacement is supported by an efficient after sales services sector. The global automotive industry is in a reviving phase and is expected to show promising performance over the forecast period. APAC is the largest producer of automotive and is likely to maintain its dominance the forecast period.  In recent years the APAC region has witnessed notable performance in terms of its GDP and development of its automobile and automotive parts industry. India, Singapore, South Korea, and Thailand, among other countries in APAC have high growth potential. This region has also experienced a sudden rise in disposable income, enhancing the affordability of passenger cars.

Use of electric vehicles however, is expected to reduce the need for drive shafts since they run on battery which are charged by electric power. Therefore, this factor is anticipated to pull down the growth of the automotive drive shafts market.

Global Automotive Drive Shafts Market: Research Methodology

This report provides the future anticipated market growth of automotive drive shafts during the period from 2016 to 2024 along with a current market synopsis. The report also provides in-depth analysis of the automotive drive shafts market across various vehicle types, shaft types and position types. Various economic factors predicted to affect the demand and supply of automotive drive shafts across the globe are also highlighted in this report. In addition, the report also sheds light on the detailed industry structures, market share of the leading manufacturers and future predictive demand and supply in terms of revenue in order to provide a detailed analysis of the market.

By geography, the global automotive drive shafts market has been further classified into North America, Europe, Asia Pacific, Middle East and Africa (MEA) and Latin America. The present market size in terms of revenue (USD Mn) along with forecast from 2016 to 2024 is also provided in this report.

Key Players Mentioned in this Report are:

Some of the key players operating in the automotive drive shafts market across the globe are, GKN PLC. (U.K.), American Axle Manufacturing Inc. (U.S.), Dana Incorporated (U.S), Xuchang Yuangdong (U.S.), Neapco Holdings, LLC. (U.S.) and The Timken Company (U.S.), among others.

The global automotive drive shafts market has been segmented as follows:

Global Automotive Drive Shafts Market, By Vehicle Type

  • Passenger Cars
  • Heavy Commercial Vehicles
  • Light Commercial Vehicles

Global Automotive Drive Shafts Market, By Shaft Type

  • Hotchkiss Drive Shaft
  • Flexible Drive Shaft
  • Torque Tube Drive Shaft

Global Automotive Drive Shafts Market, by Position Type

  • Front Wheel Drive Shaft
  • Rear Wheel Drive Shaft

Global Automotive Drive Shafts Market, By Geography

  • North America
    • The U.S.
    • Canada
    • Mexico
       
  • Europe
    •  U.K.
    • Germany
    • Italy
    • France
    • RoE (Rest of Europe)
       
  • Asia Pacific
    • India
    • Japan
    • China
    • RAPAC (Rest of Asia Pacific)
       
  • Middle East and Africa (MEA)
    • U.A.E
    • South Africa
    • RMEA (Rest of Middle East and Africa)
       
  • Latin America (LATAM)
    • Brazil
    • Argentina
    • Rest of Latin America (RLATAM)


 
 
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