The automotive drive shaft market is valued at USD 291.5 billion in 2020 and is expected to reach USD 396.7 billion in 2026, registering a CAGR of around 4% during the forecast period (2021-2027).
Trends such as increasing sales of four-wheel drive vehicles, increasing sales of SUVs, and increasing demand for lightweight components are expected to drive the automotive driveshaft market in the future.
A full report of Automotive Drive Shafts Market available at: https://www.orionmarketreports.com/automotive-drive-shafts-market/33201/
Automotive Drive Shafts Market – Segmentation
By Product
• Flexible Drive-Shaft
• Torque Tube Drive-Shaft
• Hotchkiss Drive-Shaft
By Application
• Passenger Vehicles
• Commercial Vehicles
Major Players
• NTN
• Dana Holding Corporation
• Nexteer
• Hyundai-Wia
• Yamada Manufacturing
• American Axle Manufacturing
• JTEKT
• Neapco
• Meritor
• Showa
• SDS
• Yuandong
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
