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Global Automotive Driveshaft Market 2017-2021

Global Automotive Driveshaft Market 2017-2021

About Automotive Driveshaft

The global automotive industry is experiencing rapid technological innovations driven by changing consumer needs with the increase in purchasing power of the people. Automakers are increasingly being predisposed toward the development of smart and energy efficient cars to meet stringent government regulations on vehicular emissions. Vehicles are enabled with more and more powerful and compact engines that require driveshafts for effectively transferring torque produced by the engine to the wheels. Driveshafts are mechanical components used to transfer torque or the rotational power from the transmission or engine to the drive wheels. Driveshafts are mainly used in vehicles running on gasoline, diesel, and electricity.

Technavio’s analysts forecast the global automotive driveshaft market to grow at a CAGR of 4.76% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive driveshaft market for 2017-2021. To calculate the market size, the report considers the global sales volume of commercial vehicles and passenger cars.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Driveshaft Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • GKN
  • American Axle& Manufacturing
  • HYUNDAI WIA
Other prominent vendors
  • A1 Cardone
  • Dorman
  • PowerTrain Industries
  • Pro Comp
Market driver
  • Increase in sales of passenger cars
  • For a full, detailed list, view our report
Market challenge
  • Government regulations for owning and using passenger cars
  • For a full, detailed list, view our report
Market trend
  • Carbon fiber driveshafts
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Driveshaft Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive driveshaft market: GKN, American Axle& Manufacturing, and HYUNDAI WIA.

Other Prominent Vendors in the market are: A1 Cardone, Dorman, PowerTrain Industries, and Pro Comp.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is carbon fiber driveshafts. Modern cars are increasingly being loaded with features for enhancing performance, power, safety, and comfort. Powertrain and drivetrain of modern cars are progressively becoming smaller yet retaining their earlier power output with the help of multiple technological advances. Turbocharged inline-four cylinders replacing V6 engines by providing the same power output. OEMs are building drivetrains that are efficient, lightweight, and less polluting to the environment.”

According to the report, one of the major drivers for this market is increase in sales of passenger cars. The sales of passenger cars is highly correlated with the market growth of driveshafts as all passenger cars are equipped with driveshafts. Driveshafts in the passenger cars segment contribute to the majority of the global automotive driveshaft market. The global car sales increased by around 3% in 2015 with SUVs and crossovers accounting for the majority of the sales in the Chinese and the European passenger cars market. SUVs in Europe recorded an increase in their market share by 27% in 2015. AWD and 4WD cars have two separate driveshafts as both sets of wheels require engine torque for rotation.

Further, the report states that one of the major factors hindering the growth of this market is government regulations for owning and using passenger cars. Government regulations have a significant impact on the automotive business to the extent of exerting tremendous influence in the sale of cars in the market. Since the demand for automotive is directly correlated with the demand for driveshafts, challenges faced in the sales of automotive is also a potential threat to the automotive driveshaft market.

Companies Mentioned

GKN, American Axle& Manufacturing, HYUNDAI WIA, A1 Cardone, Dorman, PowerTrain Industries, and Pro Comp.

  • Executive summary
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global automotive driveshaft market segmentation
    • Market size and forecast
      • Table Global automotive driveshaft market 2016-2021 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global automotive driveshaft market by application
      • Table Global automotive driveshaft market by application
      • Table Global automotive driveshaft market by application 2016-2021 (millions of units)
      • Table Global automotive driveshaft market by application 2016-2021 (% share)
    • Global automotive driveshaft market in passenger cars
      • Table Global automotive driveshaft market in passenger cars 2016-2021 (millions of units)
    • Global automotive driveshaft market in LCVs
      • Table Global automotive driveshaft market in LCVs 2016-2021 (millions of units)
    • Global automotive driveshaft market in M&HCVs
      • Table Global automotive driveshaft market in M&HCVs 2016-2021 (millions of units)
  • Geographical segmentation
    • Global automotive driveshaft market by geography
      • Table Global automotive driveshaft market by geography 2016 (% share)
      • Table Global automotive driveshaft market by geography 2016-2021 (millions of units)
      • Table Global automotive driveshaft market by geography 2016-2021 (% share)
    • Automotive driveshaft market in APAC
      • Table Automotive driveshaft market in APAC 2016-2021 (millions of units)
    • Automotive driveshaft market in EMEA
      • Table Automotive driveshaft market in EMEA 2016-2021 (millions of units)
    • Automotive driveshaft market in Americas
      • Table Automotive driveshaft market in Americas 2016-2021 (millions of units)
  • Key leading countries
    • Key leading countries: US and China
      • Table Key leading countries in global automotive driveshaft market
  • Market drivers
    • Increase in sales of passenger cars
    • Growing preference for M&HCVs for transporting freight
    • Rising competition among super sports car manufacturers driving high performance driveshaft systems
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Government regulations for owning and using passenger cars
    • Rise in number of car-sharing services
    • Increase in number of on-demand taxi operators
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Carbon fiber driveshafts
    • Increasing preference for 6x2 axle configurations
    • Use of nanotechnology in driveshaft for better performance
  • Vendor landscape
    • Competitive scenario
    • Key vendors
    • Other prominent vendors
  • Key vendor analysis
    • GKN
      • Table GKN: Business segmentation
      • Table GKN: Business segmentation by revenue 2016 (% share)
      • Table GKN: Sales by product group 2016 (% share)
      • Table GKN: Geographical segmentation by revenue 2015 (% share)
      • Table GKN: Recent developments
    • American Axle & Manufacturing
      • Table American Axle & Manufacturing: Product segmentation
      • Table American Axle & Manufacturing: Business segmentation by revenue 2016 (% share)
      • Table American Axle and Manufacturing: Recent developments
    • HYUNDAI WIA
      • Table HYUNDAI WIA: Business segmentation by revenue 2016 (% share)
      • Table HYUNDAI WIA: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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