Current market trends of Drive Shaft Market

1. Drive Shaft Market worth 7.2 Billion USD by 2020 The global automotive drive shaft market has been broadly classified into hollow and rigid types. The hollow drive shaft market is estimated to account for the larger share of the global automotive sideshaft types market in 2015. A sideshaft transmits power from the engine through the differential or transfer case to the wheels of an automobile. The development of drive shaft is in tandem with the development of the automotive industry all across the globe Browse 88 market data tables and 70 figures spread through 182 pages and in-depth TOC on “Automotive Bearing Market - trends&Forecaststo2020" https://www.marketsandmarkets.com/Market-Reports/automotive-bearing-market-105500470.html Early buyers will receive 10% customization on reports. Asia-Oceania: High Volume Market The Asia-Oceania region includes developing countries, such as China, India, Japan, and South Korea. Majority of the global vehicle production is concentrated in this region. Customer demand for an improved fuel economy and reduced emissions in the wake of rising pollution levels are driving growth in the automotive sideshaft systems. Manufacturers such as NTN Corporation (Japan), Hyundai Wia Corporation (South Korea), and NKN Ltd. (Japan) are some of the dominant players in this region that are expected to drive the development in the automotive drive shaft market. Hollow sideshaft: Adoption rate is expected to increase by 2020 Following stringent emissions and fuel efficiency regulations in developed regions, the penetration of hollow drive shafts is estimated to be higher in North America and Europe. The market is further estimated to increase with rising production levels after the economic downturn. Given the customer-preferences for fuel efficiency, the regional adoption is varied in these regions. North America is projected to witness a higher demand for hollow drive shafts by 2020, given the growing demand for fuel-efficient and low-emission vehicles in this region. The high rate of technological adoption in these regions is also a driving factor for growth of this market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=119146087

2. Europe: Slowly reviving market The European automotive industry is a mature industry. The region is home for many dominant OEMs in automotive sector such as BMW AG, Daimler AG, Fiat and PSA/Peugeot-Citroen, and Volkswagen Group. Europe has witnessed a slump in production owing to the economic debt crisis and increasing competition from emerging markets such as Asia- Oceania and RoW. The European market is recovering from crisis which has led to the growth in the production levels of passenger cars, light commercial vehicles, and heavy commercial vehicles, which is creating a demand for bearings in this region. Request Sample Copy @ https://www.marketsandmarkets.com/requestsample.asp?id=119146087 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com