Cardan Shaft, also known as propeller shaft or drive shaft, is a mechanical component used for the transmission of torque and rotation. Cardan Shaft consists of universal joint, shaft yokes and intermediate support, etc. It acts as an intermediate between the driving and the driven shaft that are not aligned on the same axis transferring the running torque smoothly.
GKN dominated the market, with accounted for 11.677% of the Cardan Shaft sales market share in 2016. Dana, IFA Rotorion are the key players and accounted for 5.019%, 3.241% respectively of the overall Cardan Shaft market share in 2016. Global giant market mainly distributed in Asia-Pacific and Europe. It has unshakable status in this field.
Asia-Pacific is the largest consumption region of Cardan Shaft, with a consumption market share nearly 47.32% in 2016. The second place is Europe; following Asia-Pacific with the consumption market share over 24.54% in 2016.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product\'s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The Cardan Shaft Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.
The report offers detailed coverage of Cardan Shaft industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Cardan Shaft by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Cardan Shaft market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global Cardan Shaft market for 2015-2027.
Key Companies
GKN
Dana
IFA Rotorion
Meritor
AAM
Neapco
JTEKT
Wanxiang Qianchao Group
Showa Corporation
Elbe
GSP Group
Yuandong Drive Shaft
Gewes
Ameridrive
Anhui Taier
Wichmann
Maina
Cardan Shaft Market by Type
Small Series
Medium Series
Heavy Duty Series
Cardan Shaft Market by Application
Automotive
Manufacturing
Machinery & Equipment
Other Application
Cardan Shaft Market by Region
United States
Europe
China
Japan
Other Regions
Cardan Shaft Market Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
At the same time, we classify Cardan Shaft according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Cardan Shaft market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Cardan Shaft market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Cardan Shaft market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Cardan Shaft market for the forecast period 2021 - 2027?
• What are the driving forces in the Cardan Shaft market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Cardan Shaft industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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