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Drive Shaft Market Worth 7.2 Billion USD by 2020


News provided by

MarketsandMarkets

05 Aug, 2015, 16:00 GMT

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CHICAGO, August 5, 2015 /PRNewswire/ --

The report, "Drive Shaft Market by Type (Rigid & Hollow Drive Shaft), Position (Rear & Front Drive Shaft), Vehicle Type (Passenger Car (Hatchback, Sedan, SUV/MUV/MPV, Others) & LCV), & by Region - Global Forecast and Trends to 2020", Automotive Drive shafts: The market size, in terms of value, is projected to grow at a promising CAGR of 6.37% to reach USD 7.2 Billion by 2020.

Browse 89 market Tables and 67 Figures spread through 180 Pages on "Drive Shaft Market"

http://www.marketsandmarkets.com/Market-Reports/sideshaft-market-119146087.html

Early buyers will receive 10% customization on this report. 

The market report classifies and defines the automotive side shaft market in terms of value and volume. The report highlights potential growth opportunities in the coming years as well as reviews the market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects with respect to the automotive side shaft systems market. It identifies the key market trends for new technologies and their adoption scenario during the next five years. It also focuses on key market players and their strategies along with recent developments.

Ask of Brief Illustration of this Report: http://www.marketsandmarkets.com/pdfdownload.asp?id=119146087

Asia-Oceania: High Volume Market 

The Asia-Oceania region includes developing countries, such as China, India, Japan, and South Korea. Majority of the global vehicle production is concentrated in this region. Customer demand for an improved fuel economy and reduced emissions in the wake of rising pollution levels are driving growth in the automotive side shaft systems. Manufacturers such as NTN Corporation (Japan), Hyundai Wia Corporation (South Korea), and NKN Ltd. (Japan) are some of the dominant players in this region that are expected to drive the development in the automotive Drive Shaft Market.

Hollow side shaft: Adoption rate is expected to increase by 2020 

Following stringent emissions and fuel efficiency regulations in developed regions, the penetration of hollow drive shafts is estimated to be higher in North America and Europe. The market is further estimated to increase with rising production levels after the economic downturn. Given the customer-preferences for fuel efficiency, the regional adoption is varied in these regions. North America is projected to witness a higher demand for hollow drive shafts by 2020, given the growing demand for fuel-efficient and low-emission vehicles in this region. The high rate of technological adoption in these regions is also a driving factor for growth of this market.

Europe and North America are key markets with a number of drive shaft manufacturers, such as Nexteer Automotive (U.S.), IFA Rotorion (Germany), and GKN Plc (U.K.).

Browse related reports: 

Automotive Drivetrain Market by Drive Type (FWD, RWD, & AWD), Vehicle Type (Passenger Car, LCV, & HCV), & Region (Asia-Oceania, Europe, North America, & ROW) - Industry Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/automotive-drivetrain-market-48326627.html

Automotive Transmission Market by Type (Automatic Manual, AMT, DCT, CVT), Vehicle Type (Passenger Car, LCV, HCV), Number of Forward Gears, Fuel, & by Region (Asia-Oceania, Europe, North America, RoW) - Global Trends and Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/automotive-transmission-systems-market-1063.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
1 South Dearborn Street,
21st Floor , Chicago, 
Illinois, 60603,
United States
Tel: + 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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