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Global automotive drive-shaft market is correlated to the rising sales of vehicles across the globe, since all passenger cars and commercial vehicles are equipped with drive-shafts.
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Vision Value Visibility Report Code :AM 1031 2016-2024 Global Automotive Drive shafts Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America +1-646-568-7747 +1-437-886-1181 Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India +44-203-318-6627 +91-120-473-0422, +91-844-785-9968 www.goldsteinresearch.com sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Executive Summary Sample Request Global Automotive Drive shafts Market Share(%), By Region-2016-2024 Global Automotive Drive shafts Market Size USD (Billion). 2016-2024 XX% CAGR: (2016-2024) Source: Goldstein Research Source: Goldstein Research In 2016,Passenger Cars accounted for the highest market share XX% in Global Automotive Drive Shafts Market WithXX%share in 2016, Asia Pacific region dominated Global Automotive Drive shafts market Global Automotive Drive shafts Market Share(%), By Product-2016 Global Automotive Drive shafts Market Share(%), By Vehicle Type -2016 Global Automotive Drive shafts Market Size USD (Billion), By End Users -2016 Source: Goldstein Research Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Major Players Presence-Regional Analysis Sample Request Low Penetration High Penetration Medium Penetration Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Automotive Drive shafts Market Size (USD Billion) & Growth Analysis Global Automotive Drive shafts Market Size (USD Billion)-2016-2024 Global Automotive Drive shafts Market Y-O-Y Growth (%) Analysis-2016-2024 Sample Source: Goldstein Research Source: Goldstein Research • Global Automotive Drive shafts market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. The market is anticipated to reach USD XX Billion by the end of 2024. Further, Global Automotive Drive shaft sales increased from XXX million units in 2015 to XXX units in 2016, which is likely to reach XXX million units by 2024. • As the number of new cars continues to grow so does the number of older cars, especially cars that have just gone out of warranty. By 2017, the average car age will be 4.5 years old which will increase demand for aftermarket parts and services. Moreover, the global vehicle assembly is expected to grow at a CAGR of XX% through 202. The competition in this industry is related to price and technological advancement in terms of new, innovative technologies that can be merged with automobiles. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Dynamics Sample Request Growth Drivers Growth Barriers Sample General Trend Highly Complex Moderately Complex Waived Automobile Sales Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Restraints Sample Request • Stringent Product quality regulations and norms to reduce carbon foot prints • One of the greatest challenges facing global auto parts exporters is the global regulatory environment. Lack of harmonization, coherence and transparency of regulations and standards deeply affect the competitiveness of vehicle and automotive parts manufacturers worldwide. Conforming to two different standards is costly and time-consuming. Until recently, most developing countries have had only limited regulatory requirements, and thus, they accepted virtually any vehicles built at minimal safety and emissions levels. This has made it possible for many companies to export vehicles and products easily to these markets. • In addition to the barriers cropping up from the move toward EU standards, there are recent hints that emerging markets, such as China or India, are developing their own separate regulations. Having even more sets of regulatory standards will only make it harder to export to other markets and certainly raise the cost of doing business. • Moreover, Automotive industry is facing major challenges from government stringent laws to reduce carbon foot prints and to increase fuel efficiency of vehicles. To overcome the challenges major automotive component manufacturer are spending huge amount of capital on product innovation. Drive-shaft being the major part of drivetrain system of vehicle, automotive component suppliers introduced innovative technology such as carbon composite drive-shaft in order to improve performance and to reduce weight of the drive shafts. Global Annual Sales of Electric Vehicles(Million Units)- 2011-2016 Source: Goldstein Research • Impact Analysis:- • Vehicle efficiency and carbon emission reduction regulations are becoming more stringent and, thereby, continuing to push manufacturers to increase their level of investments. Most have been focusing on reducing weight and advancing engine & Powertrain technologies. • Dramatic cost reductions over the last few years have significantly reduced all plug-in vehicle production costs and resulted in growing market for electric vehicles, which is likely to throttle the growth of conventional drive shafts market growth. Concentration of Plug-in cars registered per 1000 people, Top European countries Compared with U.S and California (2016) High Medium Low Impact on Automotive Drive shafts Market Source: Primary Source Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
North-America Automotive Drive shafts Market Size (USD Billion) & Y-O-Y growth (%),2016-2024 North-America Automotive Drive shafts Market Share By Vehicle Type, 2016-2024 North-America Automotive Drive shafts Market Size(USD Billion)-2016-2024 Sample XX% 2024 2016 CAGR: (2016-2024) Source: Goldstein Research Source: Goldstein Research North-America Automotive Drive shafts Market Size (%), By Vehicle Type-2016-2024 North-America Automotive Drive shafts Market Size (USD Millions), By Country-2016-2024 Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Porter’s Five Force Model Sample Request Customer cannot easily switch to substitute products. So substitutes are not a threat to your company. When there are actual and potential substitute products available then segment is unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline. The Barriers to Entry are high which means that it will be tough road for outside companies to enter the industry. New entrant is require to offer the innovative and distinguish service or product in order to make place in the competitive space, only such a player tends to establish its market presence . Sample Threat of new entrants Bargaining Power of buyers Bargaining power of suppliers Threat of substitute products or services • Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: • There are number of small or equal competitors and less when there’s a clear market leader. • Customers have low switching costs • Industry is growing • Exit barriers are high and rivals stay and compete • Fixed cost are high resulting huge production and reduction in prices The power of Buyers is Moderate and they are able to negotiate for better pricing. However on the supplier side, the power of Suppliers is low as there are multiple supplier for a particular product and these causes, for companies to compete on price when they do not have any point of differentiation. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
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