Automotive Transmission Shafts Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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.
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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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Transmission Shafts Market - By Product Type
1.3.2 Automotive Transmission Shafts Market - By Vehicle Type
1.3.3 Automotive Transmission Shafts Market - By Shaft Position
1.3.4 Automotive Transmission Shafts Market - By Sales Channel
1.3.5 Automotive Transmission Shafts Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE TRANSMISSION SHAFTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE TRANSMISSION SHAFTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTOMOTIVE TRANSMISSION SHAFTS MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE TRANSMISSION SHAFTS - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE TRANSMISSION SHAFTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE TRANSMISSION SHAFTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. RIGID TRANSMISSION SHAFT
7.3.1. Overview
7.3.2. Rigid Transmission Shaft Market Forecast and Analysis
7.4. HOLLOW TRANSMISSION SHAFT
7.4.1. Overview
7.4.2. Hollow Transmission Shaft Market Forecast and Analysis
8. AUTOMOTIVE TRANSMISSION SHAFTS MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER VEHICLE
8.3.1. Overview
8.3.2. Passenger Vehicle Market Forecast and Analysis
8.4. LIGHT COMMERCIAL VEHICLE
8.4.1. Overview
8.4.2. Light Commercial Vehicle Market Forecast and Analysis
8.5. HEAVY COMMERCIAL VEHICLE
8.5.1. Overview
8.5.2. Heavy Commercial Vehicle Market Forecast and Analysis
9. AUTOMOTIVE TRANSMISSION SHAFTS MARKET - REVENUE AND FORECASTS TO 2028 - SHAFT POSITION
9.1. OVERVIEW
9.2. SHAFT POSITION MARKET FORECASTS AND ANALYSIS
9.3. FRONT TRANSMISSION SHAFT
9.3.1. Overview
9.3.2. Front Transmission Shaft Market Forecast and Analysis
9.4. REAR TRANSMISSION SHAFT
9.4.1. Overview
9.4.2. Rear Transmission Shaft Market Forecast and Analysis
10. AUTOMOTIVE TRANSMISSION SHAFTS MARKET - REVENUE AND FORECASTS TO 2028 - SALES CHANNEL
10.1. OVERVIEW
10.2. SALES CHANNEL MARKET FORECASTS AND ANALYSIS
10.3. OEM
10.3.1. Overview
10.3.2. OEM Market Forecast and Analysis
10.4. AFTERMARKET
10.4.1. Overview
10.4.2. Aftermarket Market Forecast and Analysis
11. AUTOMOTIVE TRANSMISSION SHAFTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Automotive Transmission Shafts Market Overview
11.1.2 North America Automotive Transmission Shafts Market Forecasts and Analysis
11.1.3 North America Automotive Transmission Shafts Market Forecasts and Analysis - By Product Type
11.1.4 North America Automotive Transmission Shafts Market Forecasts and Analysis - By Vehicle Type
11.1.5 North America Automotive Transmission Shafts Market Forecasts and Analysis - By Shaft Position
11.1.6 North America Automotive Transmission Shafts Market Forecasts and Analysis - By Sales Channel
11.1.7 North America Automotive Transmission Shafts Market Forecasts and Analysis - By Countries
11.1.7.1 United States Automotive Transmission Shafts Market
11.1.7.1.1 United States Automotive Transmission Shafts Market by Product Type
11.1.7.1.2 United States Automotive Transmission Shafts Market by Vehicle Type
11.1.7.1.3 United States Automotive Transmission Shafts Market by Shaft Position
11.1.7.1.4 United States Automotive Transmission Shafts Market by Sales Channel
11.1.7.2 Canada Automotive Transmission Shafts Market
11.1.7.2.1 Canada Automotive Transmission Shafts Market by Product Type
11.1.7.2.2 Canada Automotive Transmission Shafts Market by Vehicle Type
11.1.7.2.3 Canada Automotive Transmission Shafts Market by Shaft Position
11.1.7.2.4 Canada Automotive Transmission Shafts Market by Sales Channel
11.1.7.3 Mexico Automotive Transmission Shafts Market
11.1.7.3.1 Mexico Automotive Transmission Shafts Market by Product Type
11.1.7.3.2 Mexico Automotive Transmission Shafts Market by Vehicle Type
11.1.7.3.3 Mexico Automotive Transmission Shafts Market by Shaft Position
11.1.7.3.4 Mexico Automotive Transmission Shafts Market by Sales Channel
11.2. EUROPE
11.2.1 Europe Automotive Transmission Shafts Market Overview
11.2.2 Europe Automotive Transmission Shafts Market Forecasts and Analysis
11.2.3 Europe Automotive Transmission Shafts Market Forecasts and Analysis - By Product Type
11.2.4 Europe Automotive Transmission Shafts Market Forecasts and Analysis - By Vehicle Type
11.2.5 Europe Automotive Transmission Shafts Market Forecasts and Analysis - By Shaft Position
11.2.6 Europe Automotive Transmission Shafts Market Forecasts and Analysis - By Sales Channel
11.2.7 Europe Automotive Transmission Shafts Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Automotive Transmission Shafts Market
11.2.7.1.1 Germany Automotive Transmission Shafts Market by Product Type
11.2.7.1.2 Germany Automotive Transmission Shafts Market by Vehicle Type
11.2.7.1.3 Germany Automotive Transmission Shafts Market by Shaft Position
11.2.7.1.4 Germany Automotive Transmission Shafts Market by Sales Channel
11.2.7.2 France Automotive Transmission Shafts Market
11.2.7.2.1 France Automotive Transmission Shafts Market by Product Type
11.2.7.2.2 France Automotive Transmission Shafts Market by Vehicle Type
11.2.7.2.3 France Automotive Transmission Shafts Market by Shaft Position
11.2.7.2.4 France Automotive Transmission Shafts Market by Sales Channel
11.2.7.3 Italy Automotive Transmission Shafts Market
11.2.7.3.1 Italy Automotive Transmission Shafts Market by Product Type
11.2.7.3.2 Italy Automotive Transmission Shafts Market by Vehicle Type
11.2.7.3.3 Italy Automotive Transmission Shafts Market by Shaft Position
11.2.7.3.4 Italy Automotive Transmission Shafts Market by Sales Channel
11.2.7.4 United Kingdom Automotive Transmission Shafts Market
11.2.7.4.1 United Kingdom Automotive Transmission Shafts Market by Product Type
11.2.7.4.2 United Kingdom Automotive Transmission Shafts Market by Vehicle Type
11.2.7.4.3 United Kingdom Automotive Transmission Shafts Market by Shaft Position
11.2.7.4.4 United Kingdom Automotive Transmission Shafts Market by Sales Channel
11.2.7.5 Russia Automotive Transmission Shafts Market
11.2.7.5.1 Russia Automotive Transmission Shafts Market by Product Type
11.2.7.5.2 Russia Automotive Transmission Shafts Market by Vehicle Type
11.2.7.5.3 Russia Automotive Transmission Shafts Market by Shaft Position
11.2.7.5.4 Russia Automotive Transmission Shafts Market by Sales Channel
11.2.7.6 Rest of Europe Automotive Transmission Shafts Market
11.2.7.6.1 Rest of Europe Automotive Transmission Shafts Market by Product Type
11.2.7.6.2 Rest of Europe Automotive Transmission Shafts Market by Vehicle Type
11.2.7.6.3 Rest of Europe Automotive Transmission Shafts Market by Shaft Position
11.2.7.6.4 Rest of Europe Automotive Transmission Shafts Market by Sales Channel
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Automotive Transmission Shafts Market Overview
11.3.2 Asia-Pacific Automotive Transmission Shafts Market Forecasts and Analysis
11.3.3 Asia-Pacific Automotive Transmission Shafts Market Forecasts and Analysis - By Product Type
11.3.4 Asia-Pacific Automotive Transmission Shafts Market Forecasts and Analysis - By Vehicle Type
11.3.5 Asia-Pacific Automotive Transmission Shafts Market Forecasts and Analysis - By Shaft Position
11.3.6 Asia-Pacific Automotive Transmission Shafts Market Forecasts and Analysis - By Sales Channel
11.3.7 Asia-Pacific Automotive Transmission Shafts Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Automotive Transmission Shafts Market
11.3.7.1.1 Australia Automotive Transmission Shafts Market by Product Type
11.3.7.1.2 Australia Automotive Transmission Shafts Market by Vehicle Type
11.3.7.1.3 Australia Automotive Transmission Shafts Market by Shaft Position
11.3.7.1.4 Australia Automotive Transmission Shafts Market by Sales Channel
11.3.7.2 China Automotive Transmission Shafts Market
11.3.7.2.1 China Automotive Transmission Shafts Market by Product Type
11.3.7.2.2 China Automotive Transmission Shafts Market by Vehicle Type
11.3.7.2.3 China Automotive Transmission Shafts Market by Shaft Position
11.3.7.2.4 China Automotive Transmission Shafts Market by Sales Channel
11.3.7.3 India Automotive Transmission Shafts Market
11.3.7.3.1 India Automotive Transmission Shafts Market by Product Type
11.3.7.3.2 India Automotive Transmission Shafts Market by Vehicle Type
11.3.7.3.3 India Automotive Transmission Shafts Market by Shaft Position
11.3.7.3.4 India Automotive Transmission Shafts Market by Sales Channel
11.3.7.4 Japan Automotive Transmission Shafts Market
11.3.7.4.1 Japan Automotive Transmission Shafts Market by Product Type
11.3.7.4.2 Japan Automotive Transmission Shafts Market by Vehicle Type
11.3.7.4.3 Japan Automotive Transmission Shafts Market by Shaft Position
11.3.7.4.4 Japan Automotive Transmission Shafts Market by Sales Channel
11.3.7.5 South Korea Automotive Transmission Shafts Market
11.3.7.5.1 South Korea Automotive Transmission Shafts Market by Product Type
11.3.7.5.2 South Korea Automotive Transmission Shafts Market by Vehicle Type
11.3.7.5.3 South Korea Automotive Transmission Shafts Market by Shaft Position
11.3.7.5.4 South Korea Automotive Transmission Shafts Market by Sales Channel
11.3.7.6 Rest of Asia-Pacific Automotive Transmission Shafts Market
11.3.7.6.1 Rest of Asia-Pacific Automotive Transmission Shafts Market by Product Type
11.3.7.6.2 Rest of Asia-Pacific Automotive Transmission Shafts Market by Vehicle Type
11.3.7.6.3 Rest of Asia-Pacific Automotive Transmission Shafts Market by Shaft Position
11.3.7.6.4 Rest of Asia-Pacific Automotive Transmission Shafts Market by Sales Channel
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Automotive Transmission Shafts Market Overview
11.4.2 Middle East and Africa Automotive Transmission Shafts Market Forecasts and Analysis
11.4.3 Middle East and Africa Automotive Transmission Shafts Market Forecasts and Analysis - By Product Type
11.4.4 Middle East and Africa Automotive Transmission Shafts Market Forecasts and Analysis - By Vehicle Type
11.4.5 Middle East and Africa Automotive Transmission Shafts Market Forecasts and Analysis - By Shaft Position
11.4.6 Middle East and Africa Automotive Transmission Shafts Market Forecasts and Analysis - By Sales Channel
11.4.7 Middle East and Africa Automotive Transmission Shafts Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Automotive Transmission Shafts Market
11.4.7.1.1 South Africa Automotive Transmission Shafts Market by Product Type
11.4.7.1.2 South Africa Automotive Transmission Shafts Market by Vehicle Type
11.4.7.1.3 South Africa Automotive Transmission Shafts Market by Shaft Position
11.4.7.1.4 South Africa Automotive Transmission Shafts Market by Sales Channel
11.4.7.2 Saudi Arabia Automotive Transmission Shafts Market
11.4.7.2.1 Saudi Arabia Automotive Transmission Shafts Market by Product Type
11.4.7.2.2 Saudi Arabia Automotive Transmission Shafts Market by Vehicle Type
11.4.7.2.3 Saudi Arabia Automotive Transmission Shafts Market by Shaft Position
11.4.7.2.4 Saudi Arabia Automotive Transmission Shafts Market by Sales Channel
11.4.7.3 U.A.E Automotive Transmission Shafts Market
11.4.7.3.1 U.A.E Automotive Transmission Shafts Market by Product Type
11.4.7.3.2 U.A.E Automotive Transmission Shafts Market by Vehicle Type
11.4.7.3.3 U.A.E Automotive Transmission Shafts Market by Shaft Position
11.4.7.3.4 U.A.E Automotive Transmission Shafts Market by Sales Channel
11.4.7.4 Rest of Middle East and Africa Automotive Transmission Shafts Market
11.4.7.4.1 Rest of Middle East and Africa Automotive Transmission Shafts Market by Product Type
11.4.7.4.2 Rest of Middle East and Africa Automotive Transmission Shafts Market by Vehicle Type
11.4.7.4.3 Rest of Middle East and Africa Automotive Transmission Shafts Market by Shaft Position
11.4.7.4.4 Rest of Middle East and Africa Automotive Transmission Shafts Market by Sales Channel
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Automotive Transmission Shafts Market Overview
11.5.2 South and Central America Automotive Transmission Shafts Market Forecasts and Analysis
11.5.3 South and Central America Automotive Transmission Shafts Market Forecasts and Analysis - By Product Type
11.5.4 South and Central America Automotive Transmission Shafts Market Forecasts and Analysis - By Vehicle Type
11.5.5 South and Central America Automotive Transmission Shafts Market Forecasts and Analysis - By Shaft Position
11.5.6 South and Central America Automotive Transmission Shafts Market Forecasts and Analysis - By Sales Channel
11.5.7 South and Central America Automotive Transmission Shafts Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Automotive Transmission Shafts Market
11.5.7.1.1 Brazil Automotive Transmission Shafts Market by Product Type
11.5.7.1.2 Brazil Automotive Transmission Shafts Market by Vehicle Type
11.5.7.1.3 Brazil Automotive Transmission Shafts Market by Shaft Position
11.5.7.1.4 Brazil Automotive Transmission Shafts Market by Sales Channel
11.5.7.2 Argentina Automotive Transmission Shafts Market
11.5.7.2.1 Argentina Automotive Transmission Shafts Market by Product Type
11.5.7.2.2 Argentina Automotive Transmission Shafts Market by Vehicle Type
11.5.7.2.3 Argentina Automotive Transmission Shafts Market by Shaft Position
11.5.7.2.4 Argentina Automotive Transmission Shafts Market by Sales Channel
11.5.7.3 Rest of South and Central America Automotive Transmission Shafts Market
11.5.7.3.1 Rest of South and Central America Automotive Transmission Shafts Market by Product Type
11.5.7.3.2 Rest of South and Central America Automotive Transmission Shafts Market by Vehicle Type
11.5.7.3.3 Rest of South and Central America Automotive Transmission Shafts Market by Shaft Position
11.5.7.3.4 Rest of South and Central America Automotive Transmission Shafts Market by Sales Channel
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. AUTOMOTIVE TRANSMISSION SHAFTS MARKET, KEY COMPANY PROFILES
13.1. FARINIA GROUP
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. MELROSE INDUSTRIES PLC
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. DANA CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. JTEKT CORPORATION
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. DIEQUA CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. KOREA FLANGE
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. AMERICAN AXLE AND MANUFACTURING, INC
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. MERITOR, INC
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. NEXTEER AUTOMOTIVE
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. NTN CORPORATION
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Farinia Group
2. Melrose Industries PLC
3. Dana Corporation
4. JTEKT Corporation
5. DieQua Corporation
6. Korea Flange
7. American Axle and Manufacturing, Inc
8. Meritor, Inc
9. Nexteer Automotive
10. NTN Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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