Global Automotive Carbon Composite Driveshaft Market 2017-2021

Overview of the global automotive carbon composite driveshaft market

Market research analysts at Technavio predict that the global automotive carbon composite driveshaft market will grow steadily during the next four years at a CAGR of around 12% by 2021. The rising need for efficient driveshafts in the aftermarket is one of the primary growth factors for this market. Most vehicles are fitted with steel driveshafts as stock fitment for noise and vibration dampening. The lifetime of these steel shafts is much lesser than that of carbon fiber shafts. Since the torsional stiffness of steel driveshafts is low, vehicles that require higher performance opt for more efficient driveshafts such as carbon composite ones. Moreover, carbon composites are also used along with the aluminum driveshafts to reduce the rotational mass of the vehicle with lesser noise and vibration due to its light weight. These composites are much more efficient than aluminum driveshafts and are used only in high-end cars. As most cars are presently fitted with steel driveshafts, the aftermarket sales of carbon fiber driveshafts have grown over the last five years.

The utilization of advanced production and manufacturing technologies for carbon fiber composites is one of the key trends that will contribute to the growth of the market in the future. Automotive carbon fiber driveshaft designers and manufacturers are adopting improved production technologies that will lower the manufacturing and assembling costs, while meeting the quality standards and specific configurations needed by the respective automotive applications. Such innovative manufacturing techniques make use of fast cycle manufacturing processes such as quicker automation processes, and layup automated techniques for labour-intensive activities. To complement these processes, engineers and designers are also using advanced composite software tools such as advanced design, analysis, and manufacturing simulation software tools using knowledge based analysis to assist in the automation of processes, which, in turn, enhances the speed of driveshaft manufacturing.

Competitive landscape and key vendors  

The automotive carbon composite driveshaft market consists of some well-known and established players that are the designers, manufacturers, and suppliers of drive shafts and components to the OEMs. The players in the carbon fiber shaft market are using their technical expertise and knowledge to gain a competitive advantage and widen their functionality and capabilities of performance-enhancing systems. Moreover, the vendors operating in the global automotive carbon composite driveshaft market are manufacturers for OEMs or the aftermarket. Also, the vendors follow custom design configurations as per the specifications required at the OEM levels.

The leading vendors in the market are -

• American Axle&Manufacturing
• Hitachi Automotive Systems
• Machine Service
• Neapco

The other prominent vendors in the market are GKN, Precision Shaft Technologies, and QA1.

Segmentation by end-user and analysis of the alumni management software market

• OEM

• Aftermarket

During 2016, the OEM segment accounted for the major shares of the automotive carbon composite driveshaft market. Factors such as the use of carbon composite driveshafts in high-performance vehicles and the rising demand for hypercars and super sports cars will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the automotive carbon composite driveshaft market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the carbon fiber shaft market throughout the forecast period. The rising demand for hypercars and the growing use of carbon composites in automotive parts in the region will drive the growth of the market. Moreover, the US is home to one of the biggest luxury car markets in the world and many manufacturers in this vehicle segment are projected to use carbon composite driveshafts in ultra-luxury cars over the next few years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive carbon composite driveshaft market?
• What are the key market trends impacting the growth of the global automotive carbon composite driveshaft market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive carbon composite driveshaft market?
• What are the market opportunities and threats faced by the vendors in the global automotive carbon composite driveshaft market??
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive carbon composite driveshaft market?

Technavio also offers customization on reports based on specific client requirement.

A propeller or drive shaft transmits power from the gearbox to the rear axle. Normally the shaft has a tubular section and is made in one- or two-piece construction. The two-piece arrangement is supported at the midpoint by a rubber mounted bearing. This upcoming industry research report on the global automotive carbon composite driveshaft market offers insights into the key trends and emerging drivers influencing the growth of the automotive industry. Our market research reports for the automotive industry follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like automotive components.

This upcoming market research report on the global automotive carbon composite driveshaft market also covers vendors like Yamada Manufacturing, American Axle Manufacturing, Machine Service, Inc., Nexteer, Neapco, NTN, Wilson drive shafts, Hitachi Automotive, and GKN PLC. By considering the market forecast and size, surging demand for various metals and minerals, the market research professionals at Technavio offer a clear picture of the global automotive carbon composite driveshaft market for the projected period of 2017 to 2021. Additionally, our research practices help clients develop operative growth strategies and keep pace with the constantly changing market landscape. This market study also offers a complete analysis based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

To offer clients the scope to classify potential market opportunities and expand in niche markets, this report on the global automotive carbon composite driveshaft market also covers geographies like the Americas, APAC, and EMEA. This upcoming industry report on the global automotive carbon composite driveshaft market also considers the growth of the similar automotive components markets such as the fuel filter, which is expected to grow at a CAGR of over 4% during the forecasted period. As per our market analysts, the rising production of vehicles and reducing lifespan of drive shafts whose replacement is supported by an efficient after sales services sector may influence the demand for automotive carbon composite driveshaft in the coming years.

The upcoming market research report for the global automotive carbon composite driveshaft market also classifies the key drivers, major trends, as well as the constraints that the automotive components sector currently experiences. It also presents insights into the rapidly altering competitive scenario to give clients an accurate picture of the upcoming events within the automotive industry. Technavio also provides deep-dive market assessments into the sectors such as auto accessories and automotive electronics.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.