Global Market of Drive Shaft Market

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Drive Shaft Market worth 7.2 Billion USD by 2020
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Drive Shaft Market - Global Forecast and Trends
to 2020 The global automotive drive shaft
market has been broadly classified into hollow
and rigid types. The hollow drive shaft market is
estimated to account for the larger share of the
global automotive sideshaft types market in 2015.
A sideshaft transmits power from the engine
through the differential or transfer case to the
wheels of an automobile. PDF Brochure _at_
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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 sideshaft
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.  
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Hollow sideshaft 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. RequestSample_at_
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The favorable macro factors, such as economical
labor, government support for the manufacturing
industry, and a large local market have boosted
the market for automotive drive shafts in this
region. Asia-Oceania, the largest vehicle
producer, is also estimated to be the largest
sideshaft market in terms of market value. It
comprises countries, such as China, India, Japan,
and South Korea, where majority of the production
is concentrated. OEMs have established their
production bases in China, given the
attractiveness of the domestic market and the low
cost of production. Increasing demand for comfort
and stringent fuel efficiency norms are also
expected to drive the market for automotive drive
shafts.
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Browse gtgt 88 market data
tables 65 figures
161 pages and in-depth TOC on Drive Shaft
Market - Global Forecast and Trends to
2020 Early buyers will receive 10
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Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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