The global automotive drive shaft market is anticipated to grow at a significant CAGR of 5.5% during the forecast period (2022-2028). The marketing strategies such as mergers and acquisitions, partneship, collaborations, new product innovation, business expansion and other are adopted by major market players, to stay competitive in the global automotive drive shaft market. This is the prominent factor fueling the market growth. For instance-
Aequita acquired IFA group- In March 2022, Aequita acquired IFA Group based in Haldensleben in Saxony-Anhalt. The company supports the continuous growth strategy of the drive shaft business. With this acquisition, Aequits used technological expertise, as well as the employees of IFA Group for successful restructuring, and in order, to attract an new strategic investor.
Browse the full report description of “Global Automotive Drive Shaft Market Size, Share & Trends Analysis Report by Drive Shaft Type (One-Piece Drive Shaft, Two-Piece Drive Shaft, and Slip-in-Tube Drive Shaft) ) by Design Type(Hollow Shaft, and Solid Shaft) by Position Type (Rear Axle, and Front Axle) ) by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle) ) Forecast 2022-2028” at https://www.omrglobal.com/industry-reports/automotive-drive-shaft-market
NSK Develops World's First Non-Contact Torque Sensor for Drive Shafts in Motor Vehicles- In July 2020, NSK Ltd., has launched a newly developed non-contact torque sensor capable of measuring the torque of drive shafts in vehicles in real-time. NSK’s new torque provides fuel economy and improves ride comfort and safety. The sensor uses magnetic fields to detect torque by measuring a minute twisting of the drive shaft. Moreover, the compact sensor is a simple structure that is ideal for mass production and broad adoption by automakers.
TrakMotive Introduces 134 New Numbers- In October 2021, TrakMotive announced the release of 134 new numbers, which include automotive CV axles, ATV CV axles, intermediate shafts, and drive shafts. Nealey 6 drive shafts are designed to be inserted in different automobiles such as BMW, Dodge, Ford, Chevrolet, GMC, and others. With this new number, the sales of the company increase, and ales from drive shaft is expected to be 4.8 million.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2021-2028
• Segment Covered- by drive shaft type, by design type, by position type, by vehicle type
• Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
• Competitive Landscape- American Axle & Manufacturing, Inc., GKN Automotive Ltd., Hyundai Wia Corp., Meritor, Inc., The Timken Co., IFA Holding GmbH, JTEKT Corp., Neapco Holdings, and others
Key questions addressed by the report
• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Automotive Drive Shaft Market– Segmentation
By Drive Shaft Type
By Design Type
By Position Type
By Vehicle Type
• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Global Automotive Drive Shaft Market by Region
North America
• US
• Canada
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
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/automotive-drive-shaft-market