A drive shaft is a mechanical component for transmitting torque and rotation, usually used to connect other components of a drive train that cannot be connected directly because of distance or the need to allow for relative movement between them.
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. Major automobile manufacturers already planned to increase their production capacity of vehicles. 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. The nanotechnology used in carbon fiber reduces the overall weight drivetrain system and provide increased torque by increasing shafts longitudinal and hoop stiffness. Moreover, carbon composite drive-shaft is much more efficient than aluminum drive-shaft and is majorly used in high-end variants and supercars. The aftermarket sales of carbon composite drive-shaft have grown over the past few years, majorly driven by the performance cars enthusiasts.
The Global Automotive Drive-Shaft Market size was xxx million USD with a CAGR xx % from 2018-2022. It will stretch to xxx million USD in 2023 with a CAGR of xx % from 2023-2030.

As the report focuses on global Automotive Drive-Shaft Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-
NTN
Dana Holding Corporation
Hyundai-Wia
Yamada Manufacturing
American Axle Manufacturing
JTEKT
Neapco
Meritor
Showa
Wanxiang
IFA Rotorion

In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:
Flexible Drive-Shaft
Torque Tube Drive-Shaft
Hotchkiss Drive-Shaft

In Market segmentation by applications :
Passenger Vehicles
Commercial Vehicles

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Automotive Drive-Shaft Market for the forecast period 2023-2030?
• What are the driving forces in the Automotive Drive-Shaft Market for the forecast period 2023-2030?
• 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 Automotive Drive-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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