Title: Automotive Drive-Shaft Market
1Report Code AM 1031
2016-2024
Global Automotive Drive shafts Market Outlook
2024 Global Opportunity Growth Analysis,
2016-2024
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2Executive Summary
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Global Automotive Drive shafts Market Share(),
By Region-2016-2024
Global Automotive Drive shafts Market Size USD
(Billion). 2016-2024
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In 2016, Passenger Cars accounted for the highest
market share XX in Global Automotive Drive
Shafts Market
With XX share in 2016, Asia Pacific region
dominated Global Automotive Drive shafts market
Global Automotive Drive shafts Market Share(),
By Vehicle Type -2016
Global Automotive Drive shafts Market Size USD
(Billion), By End Users -2016
Global Automotive Drive shafts Market Share(),
By Product-2016
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3Major Players Presence-Regional Analysis
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Major Players/ Industries 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
Low Penetration
High Penetration
Medium Penetration
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4Global Automotive Drive shafts Market Size (USD
Billion) Growth Analysis
Global Automotive Drive shafts Market Size (USD
Billion)-2016-2024
Global Automotive Drive shafts Market Y-O-Y
Growth () Analysis-2016-2024
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5Market Dynamics
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Growth Drivers
Growth Barriers
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General Trend
Highly Complex
Moderately Complex
Waived
Automobile Sales
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6Market Restraints
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- Stringent Product quality regulations and norms
to reduce carbon foot prints - 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. - 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
Source Goldstein Research
- 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. - 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.
Concentration of Plug-in cars registered per 1000
people, Top European countries Compared with U.S
and California (2016)
Source Primary Source
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7 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
North-America Automotive Drive shafts Market
Share By Vehicle Type, 2016-2024
Sample
2024
2016
Source Goldstein Research
Source Goldstein Research
North-America Automotive Drive shafts Market
Size (), By Vehicle Type-2016-2024
North-America Automotive Drive shafts Market Size
(USD Millions), By Country-2016-2024
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8Porters Five Force Model
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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 .
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.
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Threat of new entrants
Bargaining Power of buyers
Bargaining power of suppliers
Threat of substitute products or services
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.
- 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 are number of small or equal competitors
and less when theres a clear market leader. - Customers have low switching costs
- Industry is growing
- Exit barriers are high and rivals stay and
compete - Fixed cost are high resulting huge production and
reduction in prices
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business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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