Automotive Side shafts Market
Automotive Side shafts Market Global Industry Assessment & Forecast
#
Pages:
136
2021
Nov - 2021
VMR-2021-0562
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
The report delivers an acute breakdown of the market based on various segments such as Design Type, Position Type, Vehicle Type, and region. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecast, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Design Type, the market is divided into Hollow Shaft, Solid Shaft. Solid Shaft held the largest share in 2020 and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Position Type, the market is divided into Rear Axle, Front Axle. Rear Axle attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Automotive Side shafts Market: Design Type Segment Analysis
-
- Hollow Shaft
- Solid Shaft
Global Automotive Side shafts Market: Position Type Segment Analysis
-
- Rear Axle
- Front Axle
Global Automotive Side shafts Market: Vehicle Type Segment Analysis
-
- Passenger Cars
- Commercial Vehicles
FAQ
Frequently Asked Question
What is the global demand for Automotive Side shafts in terms of revenue?
-
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?
-
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?
-
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?
-
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?
-
Asia Pacific was the leading regional segment of the Automotive Side shafts in 2020.
