Automotive Drive Shaft Motor Competition by Manufacturers, Share, Size and development Trends 2022

Global Automotive Drive Shaft Motor industry is expected to witness significant demand over the forecast period. Side shafts play a vital role in the operation of any vehicle. It warrants optimum delivery of power to the wheels of the vehicle. Based on the position and application, the side shaft aids the function of comfortable driving, accommodating steering and suspension vibrations. The lightweight automotive components market is majorly driven by tough regulations from government in order to meet fuel-efficiency demands of end-users coupled with an increase in fuel prices. The design of side shafts is such that it maintains minimum weight, without negotiating on its NVH accommodation characteristics and performance, owing to the property of these components to handle harsh working conditions including optimizing fuel-efficiency and mechanical wear and tear.


Based on available types in the market, this report covers forecasting till 2024 and qualitative and quantitative market sizing for rigid and hollow market for key countries in North America, Europe, Asia-Oceania. Additionally, the report includes market sizing and forecast on the basis of position such as front and rear, and vehicle type such as passenger car, including sedans, hatchbacks, LCV, and SUV/MUV/MPV. Automotive side shafts have evolved on the basis of performance requirement of vehicle applications. In the light commercial vehicles segment, hollow side shafts are slowly gaining prominence and preference over rigid side shafts. The major motives for this shifting preference is increasing demand for vehicle performance, fuel efficiency, and increasing comfort levels offered by the hollow side shafts. Several OEMs have been adopting efficient technologies to comply with various regional emission norms in the developed economies.



The growing vehicle production, increase in fuel efficiency provided by these side shafts, enhanced driving experience and stringent carbon emission regulations and norms have driven the growth of the global automotive side shaft market. However, the market is restrained by fluctuating prices of raw materials used to produce the automotive side shafts in high-volumes. Suppliers are concentrating on developing products and globalization to comply with the present and upcoming emission norms. Suppliers are closely working with OEMs and local partners to develop new technologies and save development costs. This is done by offering efficient technologies in the side shaft market for this purpose. Producers of side shafts are working towards offering cost-efficient solutions without negotiating on the performance of the vehicle through their product offerings.

The market size for hollow side shafts in terms of market, is projected to be the largest on account of its usage in passenger cars across the world. Further, their lightweight helps in enhancing fuel efficiency of vehicles. On the other hand, the rigid side shafts are essentially used in light commercial vehicles and have a major market in the North American region. The major players in the automotive side shaft market are Nexteer Automotive (U.S.), GKN Plc. (U.K.), NTN Corporation (Japan), Trelleborg AB (Sweden), Hyundai WIA Corporation (South Korea) among others. The report provides a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the global automotive side shaft market. It aims to project numbers and estimate the global automotive side shaft market for 2015.

Additionally, it aims to estimate the market trend until 2024 for the industry experts in the automotive side shaft market, OEMs, suppliers of side shafts, distributors of drive train components. Besides the quantitative analysis, the report includes qualitative aspects, including Porter’s Five Force Analysis, PEST analysis, and value analysis for the automotive side shaft market.

The report is expected to enable new entrants and established firms to understand the market, which might help these firms gain a larger share. Firms purchasing this report could use strategies including product development/innovation, market penetration, market diversification, competitive assessment and market development to strengthen their position in the market.


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