A drive
shaft or propeller shaft is a piece of an automobile which
takes power from the engine and delivers to the wheels. A drive shaft
has to be strong enough to absorb the torque of the engine and
lightweight to reduce the overall weight of the vehicle. A drive
shaft should be perfectly balanced and should spin equal to the
torque coming out of the engine and the transmission for a smooth
driveline performance. In the recent times most of the automobiles
are front wheel drive, soothe drive shafts are between the transaxle
and each front wheel. In rear wheel drive automobiles the drive shaft
is between the rear axle and each rear wheels. Drive shaft has to be
strong and rigid as it has to bear the immense torque produced by the
engine.
Increasing concern
about fuel efficiency, manufacturers are more focused on developing
lightweight driveshaft without compromising on its performance and
rigidness. Rise in the growth of automobile sector globally, it is
indirectly fueling the growth of drive shaft market as drive shafts
are required in every automobiles to power the wheels. With the rise
of four wheel drive vehicles is also increasing the demand for drive
shaft market. Drive shafts are also used in motorcycles to as they
are maintenance free and have a long life than a chain drive.
Increasing demand for vehicle comfort and performance offered by the
new light weight drive shafts, OEMs are also adopting to the new
light weight drive shafts. The increasing number of vehicle
production, enhanced driving experience, stringent carbon emission
regulations and norms and increase in fuel efficiency by using the
new light weight drive shafts is mainly driving the market globally.
Some of the major
drivers influencing the drive shaft market globally is the increasing
number of global automobile production and the growing demand for
light weight drive shafts which would aid to better fuel efficiency.
Some of the major restraints of the drive shaft market globally are
high fluctuations of the material prices which hinders in
manufacturing of light weight drive shaft.
Get Free Sample
Report Copy :
The drive shaft
market can be distinguished by product outlook and vehicle type. In
the product outlook, there are generally three types; slip in tube
drive shaft, one piece drive shaft and two piece drive shaft and. In
the vehicle type segment, it generally includes heavy commercial
vehicles (HCV), light commercial vehicles (LCV) and passenger
vehicles.
Asia Pacific being
the largest automobile manufacturer globally also posses the largest
market for drive shaft industry. Moreover the increasing demand for
fuel efficient vehicles in regions such as India, China, Japan and
South Korea has led to the development of light weight drive shaft to
reduce the overall weight of the vehicle, thus returning more
mileage. Europe led the second largest market for drive shaft
industry followed by North America and West of the World.
Some of the Major
Players in this industry are GKN
PLC (U.K.), Dana Holding Corporation (US), NTN Corporation (Japan),
Nexteer Automotive (U.S.), American Axle & Manufacturing
Holdings, Inc (U.S.), Hyundai Wia (South Korea), Yamada Manufacturing
Co., Ltd. (Japan), Neapco Holdings LLC (U.S.) and Trelleborg AB
(Sweden) among others.
About Us :
Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use
proprietary data sources and various tools and techniques to gather
and analyze information.
TMR’s data
repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
No comments:
Post a Comment