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Also, in 2021, electric car sales more than double to 6.6 million, representing close to 9% of the global car market and more than tripling their market share from two years earlier. Hence, owing to its broader application and rising demand for an electric car is expected to boom the growth of the global automotive drive shaft market. However, the emergence of composite driveshaft, along with the high cost associated with drive shaft replacements, is projected to retrain the growth of the market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Drive Shaft Market– Segmentation
By Drive Shaft Type
- One-Piece Drive Shaft
- Two-Piece Drive Shaft
- Slip-in-Tube Drive Shaft
By Design Type
- Hollow Shaft
- Solid Shaft
By Position Type
- Rear Axle
- Front Axle
By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Global Automotive Drive Shaft Market by Region
North America
- US
- copyright
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive drive shaft market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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