About Slip Yoke Eliminator
Slip yoke eliminator is used to transfer power from the transfer case to the fixed rear driveshaft. Because it is able to slide in and out of the transfer case, the slip yoke can change driveline length even though that drive shaft is fixed. However, many lift kit companies strongly recommend installing a slip yoke eliminator along with a constant velocity driveshaft when adding a lift kit above 2”. This is projected the growth of the market in the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Vendors having a strong hold in the market are Sonnax Transmission Company, Inc., Machince Service, Inc., EVolve Electrics, and Quarter Master USA. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Slip Yoke Eliminator market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sonnax Transmission Company, Inc. (United States), Machince Service, Inc. (United States), EVolve Electrics (United States), Quarter Master USA (United States), JEGS High Performance (United States), TEN Factory (United States), TCI Automotive (United States), Driveshaft Specialist Inc (United States), Prop Shaft Supply, Inc. (United States) and O'Reilly Auto Parts (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Dorman Products, Inc. (United States) and DennysDriveshaft.com (United States).
Segmentation Overview
AMA Research has segmented the market of Global Slip Yoke Eliminator market by Type (Counterbore and Full), Application (Passenger Vehicle and Commercial Vehicle) and Region.
On the basis of geography, the market of Slip Yoke Eliminator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. OEMs will boost the Slip Yoke Eliminator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 24 Febuary 2022, Greenbriar Equity Group, L.P., a leading middle market private equity firm announced that funds managed by Greenbriar acquired a majority position in JEGS Automotive, a leading online national retailer and distributor of high-performance aftermarket auto parts and accessories. The investment, which represents the first commitment of institutional capital to JEGS, aims to support continued product and market expansion while enhancing its technology and distribution capabilities
Market Drivers
- Increasing Automobile Sales Owing to Rising in Demand for Light and Heavy-Duty Vehicles
- Rising Investment by Industry Players in Research and Development of Robust Slip Yoke Eliminator Design
Opportunities
- Increasing Demand for Luxury and Sport Utility Vehicles
Restraints
- Growing Penetration of Electrical Vehicles
- High Capital Investment and Complexity Involved in Slip Yoke Eliminator Design
Challenges
- Fluctuating Raw Materials Prices
- Intermittent Slowdown of Automotive Industry
Key Target Audience
Slip Yoke Eliminator Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.