Drive Shaft Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2020 - 2025

Report Code: AM 13400 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

The drive shaft (driveshaft, driving shaft, tailshaft, propeller shaft, or Cardan shaft) Market is forecast to reach $8.76.1 billion by 2025, after growing at a CAGR of 7.12% during 2020-2025. The growth of the market is attributed to the growing concern towards the fuel efficiency coupled with strict government regulation regarding emission control, which has caused the launch of new BS-6 vehicles. The heavy adoption of environment friendly vehicles in the developed countries and consequent increase in production of these vehicles has allowed high deployment of drive shaft in the new vehicles thereby contributing towards the growth of the market. Another major reason contributing towards the growth of the Drive Shaft market is growing demand and consequent sales of all-wheel drive (AWD) vehicles, as two drive shaft are deployed in each vehicle. The demand of such advanced vehicles coupled with stringency and emission control regulations are anticipated to raise the growth of the drive shaft market during forecast period.  

Key Takeaways

  • North America dominated the Drive Shaft market in 2018, owing to the high demand of commercial and electric vehicles.
  • Stringency in government regulations coupled with high growth in the launch of eco-friendly vehicles is anticipated to uplift the growth of the market.
  • Hollow drive shaft held a largest share in 2018, due to its flexible and light design contributing towards the growth of the market during the forecast periods. 

Design Type - Segment Analysis

Hollow Drive Shaft held a larger market share in the Drive Shaft market in 2018. The growing demand is mostly attributed to the technological advancements and high adoption of the flexible and high performance drive shaft, which is driving the growth of the market. The growing demand of the light weight and flexible vehicle components in the automotive industry is one of the major factor contributing towards the growth of the hollow drive shaft in the drive shaft market.  In 2018, one of the CNC specialist NUM launched a hollow shaft direct drive torque motor ideally applicable for smooth and accurate rotation at low speed. The growing advancements and launch of new products is anticipated to uplift the growth of the market during forecast period.

Vehicle Type - Segment Analysis

In the recent yeas (2018-2019), the high growth in the demand of heavy and light commercial vehicles across the major countries such as the U.S., China, Japan, Germany, is one of the major factor contributing towards the growth of the Drive Shaft market. According to OICA in 2018, the total number of commercial vehicles manufactured in the U.S. was 8,51,8734 units. Such high production clearly depicts the high demand of commercial vehicles in this region which is mostly to boost the growth of the Drive Shaft market during forecast period from 2020-2025. With more than 11 million vehicles traveling on the U.S. roads, which is 11.5 % of the total vehicles in the world as reported by the OICA in 2017, which is anticipated to uplift the growth of the market during forecast period.

Geography - Segment Analysis

North America is estimated to dominate the Drive Shaft market with an estimated market share of 37.23% which is followed by the APAC, in 2018. The high growth of drive shaft market in North American region is majorly attributed to the growing demand of the light commercial vehicles and electric vehicles. The growing production of vehicles and consequent increase in the deployment of drive shaft in these vehicles is significantly contributing towards the growth of the market.   

Drivers – Drive Shaft Market

·         Growing demand light commercial vehicles/electric vehicles

One of the major reason driving the growth of the driver shaft market is the high demand of the light commercial vehicles and growing adoption of the environment friendly electric vehicles across the developed countries such as the U.S., Canada, Germany and other such regions. The heavy growth in the technological advancements in these regions coupled with high production of new vehicles and consequent increase in the deployment of drive shaft in these vehicles is anticipated to drive the growth of the drive shaft market across the globe.

·         Implementation of Stringent Environment Regulations

Governments across a number of nations are imposing stringent regulations to boost the fuel economy in order to reduce vehicular emission. The growing in stringent regulation for emission control and environment protection act has allowed the launch of BS-6 vehicles. The launch of new vehicles coupled with high deployment of sophisticated components such as Drive Shaft in these vehicles is anticipated to drive the growth of the drive shaft market during forecast period.

Challenges – Drive Shaft Market

·         Technical Drawback

One of the major factor hindering the growth of the drive shaft market is complex installation process and high cost of installation and reinstallation. Moreover, once damaged the system cannot be repaired, it has to be replaced completely. The high cost of replacement is anticipated to restrain the growth of the market.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the fuel additives market. In 2018, the market of Drive Shaft has been consolidated by the top five players accounting for 46% of the share. Major players in the Drive Shaft Market are GKN PLC, Hyundai Wia Corporation, Ifa Rotorion-Holding GmbH, Neapco Holdings LLC, Nexteer Automotive Group Limited, NKN, Ltd. among others.

Acquisitions/Technology Launches

  • In 2017, Dana launched a new light weight driveshaft line, especially designed for commercial vehicles. The launch of new products is anticipated to raise the growth of the market during forecast period.
1. Drive Shaft Market - Overview
        1.1 Definitions and Scope
2. Drive Shaft Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Drive Shaft Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Drive Shaft Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Drive Shaft Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Drive Shaft Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Drive Shaft Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Drive Shaft Market - By Design Type (Market Size -$Million / $Billion)
8.1 Hollow drive shafts
8.2 Solid drive shafts
9. Automotive Sideshaft Market By Vehicle Type (Market Size -$Million / $Billion)
9.1 Passenger Car
9.1.1 Hatchback
9.1.2 Sedan
9.1.3 SUV/MUV/MPV
9.1.4 Passenger Cars
9.2 Light Commercial Vehicle
9.3 Rigid Sideshaft
9.4 Hollow Sideshafts
10. Drive Shaft - By Position (Market Size -$Million / $Billion)
10.1 Front drive shaft
10.2 Rear drive shaft
11. Drive Shaft- By Geography (Market Size -$Million / $Billion)
        11.1 Drive Shaft Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Drive Shaft- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Drive Shaft- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Drive Shaft - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Drive Shaft - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Drive Shaft Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Drive Shaft Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Drive Shaft Market - Key Company List by Country Premium
15. Drive Shaft Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 American Axle & Manufacturing Holdings, Inc. 
15.3 GKN PLC
15.4 Hyundai Wia Corporation
15.5 Ifa Rotorion-Holding GmbH
15.6 Neapco Holdings LLC
15.7 Nexteer Automotive Group Limited
15.8 NKN, Ltd. 
15.9 NTN Corporation
15.10 Trelleborg AB
15.11 Yamada Manufacturing Co., Ltd.
15.12 Company 11
15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Drive Shaft Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Drive Shaft Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Automotive Sideshaft Market By Vehicle Type Market 2019-2024 ($M)
1.1 Passenger Car Market 2019-2024 ($M) - Global Industry Research
1.1.1 Hatchback Market 2019-2024 ($M)
1.1.2 Sedan Market 2019-2024 ($M)
1.1.3 SUV/MUV/MPV Market 2019-2024 ($M)
1.1.4 Passenger Cars Market 2019-2024 ($M)
1.2 Light Commercial Vehicle Market 2019-2024 ($M) - Global Industry Research
1.3 Rigid Sideshaft Market 2019-2024 ($M) - Global Industry Research
1.4 Hollow Sideshafts Market 2019-2024 ($M) - Global Industry Research
2.Global Automotive Sideshaft Market By Vehicle Type Market 2019-2024 (Volume/Units)
2.1 Passenger Car Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Hatchback Market 2019-2024 (Volume/Units)
2.1.2 Sedan Market 2019-2024 (Volume/Units)
2.1.3 SUV/MUV/MPV Market 2019-2024 (Volume/Units)
2.1.4 Passenger Cars Market 2019-2024 (Volume/Units)
2.2 Light Commercial Vehicle Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Rigid Sideshaft Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Hollow Sideshafts Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Automotive Sideshaft Market By Vehicle Type Market 2019-2024 ($M)
3.1 Passenger Car Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Hatchback Market 2019-2024 ($M)
3.1.2 Sedan Market 2019-2024 ($M)
3.1.3 SUV/MUV/MPV Market 2019-2024 ($M)
3.1.4 Passenger Cars Market 2019-2024 ($M)
3.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
3.3 Rigid Sideshaft Market 2019-2024 ($M) - Regional Industry Research
3.4 Hollow Sideshafts Market 2019-2024 ($M) - Regional Industry Research
4.South America Automotive Sideshaft Market By Vehicle Type Market 2019-2024 ($M)
4.1 Passenger Car Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Hatchback Market 2019-2024 ($M)
4.1.2 Sedan Market 2019-2024 ($M)
4.1.3 SUV/MUV/MPV Market 2019-2024 ($M)
4.1.4 Passenger Cars Market 2019-2024 ($M)
4.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
4.3 Rigid Sideshaft Market 2019-2024 ($M) - Regional Industry Research
4.4 Hollow Sideshafts Market 2019-2024 ($M) - Regional Industry Research
5.Europe Automotive Sideshaft Market By Vehicle Type Market 2019-2024 ($M)
5.1 Passenger Car Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Hatchback Market 2019-2024 ($M)
5.1.2 Sedan Market 2019-2024 ($M)
5.1.3 SUV/MUV/MPV Market 2019-2024 ($M)
5.1.4 Passenger Cars Market 2019-2024 ($M)
5.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
5.3 Rigid Sideshaft Market 2019-2024 ($M) - Regional Industry Research
5.4 Hollow Sideshafts Market 2019-2024 ($M) - Regional Industry Research
6.APAC Automotive Sideshaft Market By Vehicle Type Market 2019-2024 ($M)
6.1 Passenger Car Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Hatchback Market 2019-2024 ($M)
6.1.2 Sedan Market 2019-2024 ($M)
6.1.3 SUV/MUV/MPV Market 2019-2024 ($M)
6.1.4 Passenger Cars Market 2019-2024 ($M)
6.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
6.3 Rigid Sideshaft Market 2019-2024 ($M) - Regional Industry Research
6.4 Hollow Sideshafts Market 2019-2024 ($M) - Regional Industry Research
7.MENA Automotive Sideshaft Market By Vehicle Type Market 2019-2024 ($M)
7.1 Passenger Car Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Hatchback Market 2019-2024 ($M)
7.1.2 Sedan Market 2019-2024 ($M)
7.1.3 SUV/MUV/MPV Market 2019-2024 ($M)
7.1.4 Passenger Cars Market 2019-2024 ($M)
7.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
7.3 Rigid Sideshaft Market 2019-2024 ($M) - Regional Industry Research
7.4 Hollow Sideshafts Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Drive Shaft Market Revenue, 2019-2024 ($M)
2.Canada Drive Shaft Market Revenue, 2019-2024 ($M)
3.Mexico Drive Shaft Market Revenue, 2019-2024 ($M)
4.Brazil Drive Shaft Market Revenue, 2019-2024 ($M)
5.Argentina Drive Shaft Market Revenue, 2019-2024 ($M)
6.Peru Drive Shaft Market Revenue, 2019-2024 ($M)
7.Colombia Drive Shaft Market Revenue, 2019-2024 ($M)
8.Chile Drive Shaft Market Revenue, 2019-2024 ($M)
9.Rest of South America Drive Shaft Market Revenue, 2019-2024 ($M)
10.UK Drive Shaft Market Revenue, 2019-2024 ($M)
11.Germany Drive Shaft Market Revenue, 2019-2024 ($M)
12.France Drive Shaft Market Revenue, 2019-2024 ($M)
13.Italy Drive Shaft Market Revenue, 2019-2024 ($M)
14.Spain Drive Shaft Market Revenue, 2019-2024 ($M)
15.Rest of Europe Drive Shaft Market Revenue, 2019-2024 ($M)
16.China Drive Shaft Market Revenue, 2019-2024 ($M)
17.India Drive Shaft Market Revenue, 2019-2024 ($M)
18.Japan Drive Shaft Market Revenue, 2019-2024 ($M)
19.South Korea Drive Shaft Market Revenue, 2019-2024 ($M)
20.South Africa Drive Shaft Market Revenue, 2019-2024 ($M)
21.North America Drive Shaft By Application
22.South America Drive Shaft By Application
23.Europe Drive Shaft By Application
24.APAC Drive Shaft By Application
25.MENA Drive Shaft By Application
26.GKN PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Nexteer Automotive Group Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.NTN Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Hyundai Wia Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Neapco Holdings LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Ifa Rotorion-Holding GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Trelleborg AB, Sales /Revenue, 2015-2018 ($Mn/$Bn)