Automotive Side shafts Market
Automotive Side shafts Market Global Industry Assessment & Forecast
Segments Covered
- By Design Type Hollow Shaft, Solid Shaft
- By Position Type Rear Axle, Front Axle
- By Vehicle Type Passenger Cars, Commercial Vehicles
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 27.20 Billion |
Revenue 2028: | 42.37 Billion |
Revenue CAGR (2021 - 2028): | 5.24% |
Fastest Growing Region (2022 - 2028) | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Sr. No. | Offering | Report Coverage |
1. | Market Size | In terms of Revenue (USD Million) |
2. | Historic Data | 2015 to 2019 |
3. | Forecast Data | 2021 to 2028 |
4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
5. | Market Attractiveness Analysis | Yes |
6. | Segment Analysis | Maximum Segments |
7. | Regional Coverage | 5 Regions |
8. | Country Coverage | Top 22 Countries |
9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
10. | Porter’s Five Forces Analysis | Yes. |
11. | Value Chain Analysis | Yes |
12. | PEST Analysis | Yes |
13. | Regulatory Landscape | Yes |
14. | Technology Landscape | Yes |
15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
16. | Top startups to watch out for | Yes |
17. | Top 3 Trends to Watch | Yes |
18. | Top 3 Strategies Followed by Major Players | Yes |
19. | Top 3 Predictions by Vantage Market Research | Yes |
20. | Discussion Guide | Yes |
21. | Key Primary Respondents - VERBATIM | Yes |
22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
23. | Others/Miscellaneous |
FAQ
Frequently Asked Question
What is the global demand for Automotive Side shafts in terms of revenue?
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The global Automotive Side shafts valued at 27.20 Billion in 2020 and is expected to reach 42.37 Billion in 2028 growing at a CAGR of 5.24%%.
Which are the prominent players in the market?
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The prominent players in the market are NTN, NKN, Gestamp, Hyundai Wia, GKN, Dana, Showa Corporation, American Axle & Manufacturing Holdings, Nexteer Automotive Group, Trelleborg, Showa Corporation, Yamada Manufacturing, Kingtime Group, Ifa Rotorion Holding, Neapco Holdings, Meritor, ZF Friedrichshafen..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 5.24%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Automotive Side shafts include
- The increasing demand for electric vehicles is anticipated to augment the growth of the automotive side shafts market during the forecast period. The vehicle manufacturers are putting all their efforts into manufacturing the most efficient electric vehicles. Moreover, driveshaft manufacturers are updating their product list to supply the best products to the OEMs to gain market share.
- The increasing demand for lightweight components is anticipated to augment the global automotive side shafts market in the years to come. This is due to the majority of the present and upcoming electric vehicle models are all-wheel drives (AWD) or rear-wheel drive (RWD), which is expected to generate a huge demand for lightweight.
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Automotive Side shafts in 2020.