Vision
Value
Visibility Report Code :AM 1031
2016-2024
Global Automotive Drive shafts Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Executive Summary
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Global Automotive Drive shafts Market Size USD (Billion). 2016-2024
Global Automotive Drive shafts Market Share(%), By Region-2016-2024
XX XX
XX%
CAGR: (2016-2024) XX
XX XX
XX
XX
XX
XX
XX
XX
XX
12%
XX
27%
XX
14% 29%
2016
24%
XX XX
Asia-Pacific
2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f
Passenger Cars accounted for the highest market share XX% in Global Automotive Drive Shafts Market
Global Automotive Drive shafts Market Share(%), By Product-2016
35%
40%
Flexible Drive-Shaft
25%
Hotchkiss Drive-Shaft
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With
Source: Goldstein Research
North America
Europe
10% Latin America
XX% share in 2016, Asia Pacific region dominated Global Automotive Drive shafts market
25% 20%
23%
Middle East & Africa
Global Automotive Drive shafts Market Share(%), By Vehicle Type -2016
Torque Tube DriveShaft
2024
Source: Goldstein Research
Source: Goldstein Research
In 2016,
8%
24%
29%
Passenger Cars
55%
Global Automotive Drive shafts Market Size USD (Billion), By End Users -2016
Aftermarket
XX
LCV (Light Commercial vehicles)
HCV (Heavy Commercial vehicles)
OEMs
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XX
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Major Players/ Industries
Major Players Presence-Regional Analysis
North America
APAC
Europe
Latin America
Middle East & Africa
GKN PLC Dana Holding Corporation American Axle Manufacturing Inc. Hyundai Wia Corporation Nexteer Automotive Neapco Showa Trelleborg AB
High Penetration
Medium Penetration
Low Penetration
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Global Automotive Drive shafts Market Size (USD Billion) & Growth Analysis Global Automotive Drive shafts Market Size (USD Billion)-2016-2024 XX
Global Automotive Drive shafts Market Y-O-Y Growth (%) Analysis-20162024 XX%
XX XX
XX
XX
XX
XX
XX
XX
XX%
e l p
XX% XX% XX%
XX
XX
XX
XX
XX%
XX% XX%
XX
m a S
XX% XX%
XX% XX% XX% XX% XX%
XX%
XX%
XX% XX%
XX
XX% XX%
XX 2016e 2017e 2018 Source: Goldstein Research
2019
2020
2021
2022
2023
2024
2015
2016
2017
2018
2019
2020
2021
2022
2023
Source: Goldstein Research
 Global Automotive Drive shafts market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. The market is anticipated to reach USD XX Billion by the end of 2024. Further, Global Automotive Drive shaft sales increased from XXX million units in 2015 to XXX units in 2016, which is likely to reach XXX million units by 2024. As the number of new cars continues to grow so does the number of older cars, especially cars that have just gone out of warranty. By 2017, the average car age will be 4.5 years old which will increase demand for aftermarket parts and services. Moreover, the global vehicle assembly is expected to grow at a CAGR of XX% through 202. The competition in this industry is related to price and technological advancement in terms of new, innovative technologies that can be merged with automobiles. Copyright
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2024
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Market Dynamics
Growth Drivers
Fuel Efficiency
Growth Barriers
m a S Growing Sales of Automobiles
e l p High Cost of Aftermarket Product
Rising Number of Electric Vehicles
General Trend
Highly Complex
Moderately Complex
Waived
Automobile Sales Copyright
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Market Restraints
Stringent Product quality regulations and norms to reduce carbon foot prints
XX
One of the greatest challenges facing global auto parts exporters is the global regulatory environment. Lack of harmonization, coherence and transparency of regulations and standards deeply affect the competitiveness of vehicle and automotive parts manufacturers worldwide. Conforming to two different standards is costly and time-consuming. Until recently, most developing countries have had only limited regulatory requirements, and thus, they accepted virtually any vehicles built at minimal safety and emissions levels. This has made it possible for many companies to export vehicles and products easily to these markets.
XX XX
Concentration of Plug-in cars registered per 1000 people, Top European countries Compared with U.S and California (2016) Norway
XX
California
XX
Netherlands
XX
Sweden
XX XX
0
XX XX
XX XX XX
XX
2011
XX
XX
XX
XX
XX
United Satates Wetsren Europe China
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2012
2013
2014
2015
2016
Source: Goldstein Research
Japan Canada
Impact Analysis: Vehicle efficiency and carbon emission reduction regulations are becoming more stringent and, thereby, continuing to push manufacturers to increase their level of investments. Most have been focusing on reducing weight and advancing engine & Powertrain technologies.
High 5
XX
XX XX XX
XX
XX
Source: Primary Source
Copyright
XX
XX
XX
XX
Dramatic cost reductions over the last few years have significantly reduced all plug-in vehicle production costs and resulted in growing market for electric vehicles, which is likely to throttle the growth of conventional drive shafts market growth.
XX
U.S average
XX
XX
In addition to the barriers cropping up from the move toward EU standards, there are recent hints that emerging markets, such as China or India, are developing their own separate regulations. Having even more sets of regulatory standards will only make it harder to export to other markets and certainly raise the cost of doing business. Moreover, Automotive industry is facing major challenges from government stringent laws to reduce carbon foot prints and to increase fuel efficiency of vehicles. To overcome the challenges major automotive component manufacturer are spending huge amount of capital on product innovation. Drive-shaft being the major part of drivetrain system of vehicle, automotive component suppliers introduced innovative technology such as carbon composite drive-shaft in order to improve performance and to reduce weight of the drive shafts.
Global Annual Sales of Electric Vehicles(Million Units)2011-2016
10
15
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20
25
Medium
Impact on Automotive Drive shafts Market www.goldsteinresearch.com
Low
North-America Automotive Drive shafts Market Size (USD Billion) & Y-O-Y growth (%),2016-2024 North-America Automotive Drive shafts Market Size(USD Billion)2016-2024
190,000.0 182,928.4 172,928.4 CAGR: (2016-2024) 152,928.4 141,934.5 131,569.4 122,244.8 113,569.9 105,774.7 98,541.8
North-America Automotive Drive shafts Market Share By Vehicle Type, 2016-2024
XX%
e l p
21%
2016
27%
m a S
2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2023f 2024f
Source: Goldstein Research
Millions), By Country-2016-2024
U.S.
2024 35.00% 20.00% Canada
Source: Goldstein Research
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52%
23% 2024
HCV
48%
29%
LCV
Source: Goldstein Research
North-America Automotive Drive shafts Market Size (USD
2016 28.00% 15.00%
Passenger Cars
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North-America Automotive Drive shafts Market Size (%), By Vehicle Type-2016-2024
XX%
XX%
2016 52.00%XX Passenger Cars
2024 48.00%XX HCV
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LCV
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Porter’s Five Force Model
Customer cannot easily switch to substitute products. So substitutes are not a threat to your company. When there are actual and potential substitute products available then segment is unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline.
Barriers to Entry High Presence of Market Players, Competitive Pricing
Supplier Power: Low
Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: •There •There are number of small or equal competitors and less when there’s a clear market leader. •Customers have low switching costs •Industry is growing ••Exit Exit barriers are high and rivals stay and compete •Fixed cost are high resulting huge production and reduction in prices Copyright
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e l p
Threat of new entrants
m a S Bargaining power of suppliers
The Barriers to Entry are high which means that it will be tough road for outside companies to enter the industry. New entrant is require to offer the innovative and distinguish service or product in order to make place in the competitive space, only such a player tends to establish its market presence .
Industry Competitors: HIGH DANA Incorporated, GKN PLC, HyunadaiWia, NTN
Bargaining Power of buyers
Buyer Power: Moderate
Threat of substitute products or services
Substitutes: Low
The power of Buyers is Moderate and they are able to negotiate for better pricing. However on the supplier side, the power of Suppliers is low as there are multiple supplier for a particular product and these causes, for companies to compete on price when they do not have any point of differentiation.
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