Automotive Transmission Shafts Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The automotive transmission is a collection of shafts and gears that ensures the efficient transmission of power from the engine to the wheels. The transmission shaft in an automobile is a mechanical connection that connects the drive train to the output system and wheels. Since the component must be near net form, most industry participants use the cold extrusion process to manufacture automotive transmission shafts. Manufacturers use stainless steel or steel to meet the design requirements of the automotive transmission shaft. The transmission shaft is meant to be strong and light in order to withstand the engine's torque and reduce the vehicle's total weight. For smooth driveline efficiency, it should be properly balanced and spin at the same rate as the torque.

MARKET DYNAMICS

The automotive transmission shaft market is being driven by a rise in concern for fuel efficiency, the introduction of stringent regulations by international pollution control authorities, and the production of transmission shafts by manufacturers without compromising on performance and rigidity. Moreover, The automotive transmission shaft market is expected to rise due to rising production and sales of all-wheel-drive vehicles, high demand for hollow shafts due to their durability and improved performance over the traditional and heavy solid model, and their use for sustaining multiple torques obtained from the engine. Furthermore, the automotive transmission shaft market witnessing growth from an increase in the need for reduction in the automotive industry, high passenger car sales, rapid urbanization, technological advances, economic development, and an increase in people's disposable income. Whereas, high maintenance cost associated with transmission shaft and introduction of electric cars may restrain market growth.

MARKET SCOPE

The "Global Automotive Transmission Shafts Market Analysis to 2031" is a specialized and in-depth study of the Automotive transmission shafts Market with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive transmission shafts market with detailed market segmentation by product type, vehicle type, shaft position and sales channel. The global automotive transmission shafts market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive transmission shafts market player and offers key trends and opportunities in the automotive transmission shafts market.

MARKET SEGMENTATION

The global automotive transmission shafts market is segmented on the basis of product type, vehicle type, shaft position and sales channel. On the basis of product type the market is segmented as, rigid transmission shaft, hollow transmission shaft. On the basis of vehicle type the market is segmented as, passenger vehicle, light commercial vehicle, heavy commercial vehicle. On the basis of shaft position the market is segmented as, front transmission shaft, rear transmission shaft. Further, on the basis of sales channel the market is segmented as, OEM and aftermarket.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive transmission shafts market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive transmission shafts market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting automotive transmission shafts Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive transmission shafts market in these regions.

MARKET PLAYERS

The reports cover key developments in the automotive transmission shafts market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive transmission shafts market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive transmission shafts market. Below mentioned is the list of few companies engaged in the Automotive transmission shafts market.

The report also includes the profiles of key automotive transmission shafts market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Farinia Group
  
•   Melrose Industries PLC
  
•   Dana Corporation
  
•   JTEKT Corporation
  
•   DieQua Corporation
  
•   Korea Flange
  
•   American Axle and Manufacturing, Inc
  
•   Meritor, Inc
  
•   Nexteer Automotive
  
•   NTN Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Transmission Shafts Report Scope