Automotive Drive Shafts Market Size, Share, Industry, Forecast and outlook (2023-2030)
Published: 2024 January 29
SKU : AUTR3210
180 pages
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FAQ’s
How fast is the automotive drive shafts market growing?
The global automotive drive shafts market is expected to grow at a CAGR of 6.5% from 2022 to 2029. This growth is driven by factors like increasing vehicle production, demand for lightweight vehicles, and advancements in drive shaft technology.
Which region is the fastest-growing in the automotive drive shafts market?
The Asia Pacific region is projected to be the fastest-growing market for automotive drive shafts, fueled by rapid economic growth and increasing vehicle production in countries like China and India.
Who are the major players in the automotive drive shafts market?
Some of the major players in the market include GKN PLC, JTEKT Corporation, Dana Incorporated, and Trelleborg AB. These companies are constantly innovating and developing new drive shaft technologies to meet the evolving needs of the automotive industry.
What's driving the automotive drive shafts market growth?
The market is fueled by rising demand for fuel-efficient vehicles, increasing production of passenger cars in emerging markets, and adoption of lightweight materials like carbon fiber.