Global Automotive Sideshaft Market 2017-2021

Overview of the global automotive sideshaft market

The automotive industry is witnessing resurgence with innovations. To meet the demand of young generation, automakers are focusing to manufacture compact vehicles with the mindset of power with efficiency. Technavio's market research report has identified market penetration of SUVs as one of the primary factors that will fuel the growth of the automotive sideshaft market in the coming years. It is estimated that the production of SUVs in China is going to grow up to 7 million by 2018. The compact SUVs are most preferred in Chinese market and will be primary driving factor for the purchase of the passenger cars in the country. Moreover, due to the increasing disposable income in India, the SUVs market is propelling. These factors will drive the demand for body-on-frame SUVs and will boost the market for sideshaft as SUVs. Technavio's market research analysts predict that this global market will register a revenue of close to USD 256 million by 2021.

Advancements in material technology will be one of the key trends contributing towards the growth of the automotive sideshaft market. Automakers are focusing to reduce the fuel consumption and meet the US Corporate Average Fuel Economy (CAFE) standards and to achieve it, the automakers have come up with carbon fiber technology. With the use of carbon fibers based on polymer matrix composites, enables carbon body weight reduction. These factors are increasing the demand for carbon fibers in automotive industry.

Competitive landscape and key vendors

The automotive sideshaft market is fragmented due to the presence of several international and regional players. The established players in the international market dominate the automotive drive shaft design market owing to their direct supplier relationship with OEMs, the quality of products produced, the mass production facilities that they own, and their established distribution networks. The competition in the market is based on R&D, product and service quality and availability, customer relationship, and pricing. These factors will decide the performance of the players across the world.

The leading vendors in the market are-

• GKN
• NTN
• Dana
• Nexteer Automotive

The other prominent vendors in the market are Hyundai WIA, IFA Group, American Axle and Manufacturing (AAM), JTEKT Corporation, NEAPCO, and KINGTIME GROUP.

Segmentation by application type and analysis of the automotive sideshaft market

• Passenger cars
• Commercial vehicles

During 2016, passenger cars segment accounted for the major shares of the automotive sideshaft market. The major factor for the growth in passenger cars is due to the increasing demand from the developing countries. The increasing sales volume of this segment in developed countries such as the America and Canada and in APAC economies such as China, India, Indonesia, and Malaysia are driving the growth of the automotive drive shaft design.

Segmentation by geography and analysis of the automotive sideshaft market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive sideshaft market throughout the forecast period. Owing to the presence of major automotive manufacturing hubs and large automotive consumers markets across the world such as India, China, and Japan, the market is expected to grow steadily in this region. Moreover, the automotive drive shaft design market is witnessing a steady growth in APAC due to increasing disposable income of middle class families specially in countries such as China and India.

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 sideshaft market?
• What are the key market trends impacting the growth of the global automotive sideshaft market?
• What are the challenges to global automotive sideshaft market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global automotive sideshaft 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 sideshaft market?

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

Technavio's automotive industry portfolio comprises reports on all the major areas of the automotive industry including automotive aftermarket, automotive components, automotive manufacturing, automotive services, powertrain, automotive electronics, wheels and tires, auto accessories. This upcoming report on the global automotive sideshaft market presents an analysis of some of the key factors that will directly influence this market's growth over the coming years.

As per our research analysts, the availability of carbon fiber half-shafts that weigh 40% less than their steel equivalents may contribute to the growth of the automotive sideshaft market over the coming years. Additionally, to offer valuable insights into the competitive landscape of the market, this report covers the vendors operating in this market space such as GKN, NEAPCO, NTN, Kingtime Group, IFA Group, and Nexteer Automotive.

Besides a thorough analysis of the various factors influencing market growth, this report also offers an analysis of the market across different geographical regions ? the Americas, APAC, and EMEA. To accurately predict the growth prospects of this market, our analysts closely follow the growth trajectory of similar markets like the global automotive catalytic converter market which is expected to grow at a CAGR of around 4% by 2021.

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.