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Tuesday, 30 January 2018

Automotive Drive Shaft Motor Market: Top Key Players, Industry Trends, Cost and Revenue Analysis to 2021

Global Automotive Drive Shaft Motor Market is expected to witness significant demand over the forecast period. Side shafts play a vital role in the operation of any vehicle. It warrants optimum delivery of power to the wheels of the vehicle. Based on the position and application, the side shaft aids the function of comfortable driving, accommodating steering and suspension vibrations. The lightweight automotive components market is majorly driven by tough regulations from government in order to meet fuel-efficiency demands of end-users coupled with an increase in fuel prices. The design of side shafts is such that it maintains minimum weight, without negotiating on its NVH accommodation characteristics and performance, owing to the property of these components to handle harsh working conditions including optimizing fuel-efficiency and mechanical wear and tear.


On the basis of available types in the market, this report covers forecasting till 2024 and qualitative and quantitative market sizing for rigid and hollow market for key countries in North America, Europe, Asia-Oceania. Additionally, the report includes market sizing and forecast on the basis of position such as front and rear, and vehicle type such as passenger car, including sedans, hatchbacks, LCV, and SUV/MUV/MPV. Automotive side shafts have evolved on the basis of performance requirement of vehicle applications. In the light commercial vehicles segment, hollow side shafts are slowly gaining prominence and preference over rigid sideshafts. The major motives for this shifting preference is increasing demand for vehicle performance, fuel efficiency, and increasing comfort levels offered by the hollow sideshafts. Several OEMs have been adopting efficient technologies to comply with various regional emission norms in the developed economies.


The growing vehicle production, increase in fuel efficiency provided by these sideshafts, enhanced driving experience and stringent carbon emission regulations and norms have driven the growth of the global automotive sideshaft market. However, the market is restrained by fluctuating prices of raw materials used to produce the automotive sideshafts in high-volumes. Suppliers are concentrating on developing products and globalization to comply with the present and upcoming emission norms. Suppliers are closely working with OEMs and local partners to develop new technologies and save development costs. This is done by offering efficient technologies in the sideshaft market for this purpose. Producers of sideshafts are working towards offering cost-efficient solutions without negotiating on the performance of the vehicle through their product offerings.


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