Overview
Consumer has become very much focused about the safe, efficient, better and smooth transmission of power from the engine system and this is estimated to accelerate the global automotive side shaft market. Increasing fuel prices has resulted in the growth of autonomous, fuel efficient, hybrid and electric vehicles which is estimated to propel the growth of automotive side shaft market. Most of the advanced and modern vehicles contain well organized network of safety system and drive shafts. Automotive side shaft market is expected to grow over estimated period due to the increase in demand of automation coupled with the transmission without loss of power. Increase in demand of automotive axles has given rise to the growing requirement for automotive drive shafts in the global market. Safety and security is estimated to be one of the most prominent to driver for the automotive global side shaft market. Automotive side shaft is used in advanced safety systems which include effective transmission and steering of wheels at higher speeds. Due to the growth in quantity of heavy duty application automotive side shaft global market is expected to grow over estimated period. Introduction of heat resistant, light weight and high end resources is estimated to drive the automotive side shaft market over the forecast period. Shifting focus of manufacturers towards more advanced and technical version of automobile is further more estimated to boost the automotive side shaft market. Durability and reliability affects the productivity and efficiency and this may act as a restraint for global automotive side shaft market. By product type, the global automotive side shaft market can be categorized into Hollow Side Shafts and Rigid Side Shafts. Hollow side shafts are anticipated to capture the global market due to their flexibility and improvised performance over the conventional and heavy solid type. Their design is strong enough to sustain varying torques received from the engine and are classified into two types based on the position of transmission – front and rear end. Following stringent emissions and fuel efficiency regulations in developed regions, the penetration of hollow side
shafts is estimated to be higher in North America and Europe. The market is more likely to grow with rising production levels after the economic downturn. Given the customer-preferences for fuel efficiency, the regional adoption is diverse in these regions. On application side, the global automotive side shaft market can be segregated into Passenger Vehicle and Commercial Vehicle. Side shaft is wide and recently has acquired increasing significance in various fields of passenger vehicle and commercial vehicle. Passenger vehicles segment accounted for the major shares of the automotive side shaft market. The major factor for the growth in passenger vehicles is due to the increasing demand from the developing countries. The increasing sales volume of this segment in developed countries such as the America and Canada and in APAC economies such as China, India, Indonesia, and Malaysia are driving the growth of the automotive drive shaft design. Geographical, the global automotive side shaft market is divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is estimated to account for the prominent share of automotive side shaft market due to the increase in production and demand of automobile in countries like China, Japan, ASEAN Countries and India. North America and Europe automotive side shaft market is estimated to grow due to the strict automotive pollution control and safety norms in these regions. Infrastructural development in Middle East and Africa is likely to boost the automotive side shaft market. Never ending demand for productive, reliable, cost effective, efficient automotive transmission system is estimated to propel the automotive side shaft market. Some of the major players of automotive side shaft market are American Axle & Manufacturing, Dana, GKN, Gestamp, Hyundai Wia Corporation, IFA Rotorion, Jtekt Corporation, Meritor, Showa Corporation, ZF Friedrichshafen, and Kingtime Group. Many international side shaft manufacturers have built plants in China and they have occupied large share of automotive side shaft market. There is large technical gap between automotive side shafts produced by manufacturers from China and abroad. To maintain market share, these domestic manufacturers must invest more on research and development. Manufacturer’s main preference is deployment of lightweight and compact connecting system which can be used for effective interconnection and smooth transmission
Major players in the Market are identified through secondary research and their Market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and Marketing executives. The percentage splits, Market shares, growth rate and breakdowns of the product Markets are determined through using secondary sources and verified through the primary sources. Inquiry about report OR ask for Sample Report @ https://www.profsharemarketresearch.com/inquiry/automotive-sideshaftmarket-report-inquiry/ Global Automotive Sideshaft Market: Product Type Hollow Side Shafts Rigid Side Shafts Global Automotive Sideshaft Market: Application Passenger Vehicle
Commercial Vehicle Global Automotive Sideshaft Market: Competitive Analysis American Axle & Manufacturing Dana GKN Gestamp Hyundai Wia Corporation IFA Rotorion Jtekt Corporation Meritor Showa Corporation ZF Friedrichshafen Kingtime Group Automotive Sideshaft Market: Regional Analysis North America U.S.A Canada Europe France Germany Spain UK Rest of Europe Asia Pacific China Japan India South East Asia Latin America Brazil Middle East and Africa
Access Full Report @ https://www.profsharemarketresearch.com/marine-actuators-valves-market-report/ Automotive Sideshaft Market Report delivers comprehensive analysis of : Market Forecast for 2019-27 Market growth drivers Challenges and Opportunities Emerging and Current market trends Market player Capacity, Production, Revenue (Value) Supply (Production), Consumption, Export, Import analysis End user/application Analysis About Profshare Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organisations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results. For more information, visit https://www.profsharemarketresearch.com/ OR Email us at sales@profsharemarketresearch.com Contact : Mia Cox Sales Manager miacox@profsharemarketresearch.com