What is Propshafts?
This market is highly competitive. Companies operating in this market focus more on R&D activities to develop new products. Novel applications are developed by companies to strengthen their presence. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies.
The market study is broken down, by Application (Light Vehicles, Commercial Vehicles, Off-Highway, Industrial, Aftermarket and Others) and major geographies with country level break-up.
The global Propshafts market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global Propshafts market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dana Incorporated (United States), Dunning & Fairbank Limited (United Kingdom), Bailey Morris Limited (United Kingdom), GKN Automotive Limited (England), Dynamic Drivetrain Specialist (South Africa), Neapco Components, LLC (United States), Propshafts & CV's (South Africa), Autosport International (United States), Neapco Holdings (United States) and GSP Group (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Altra Industrial Motion Corp. (United States), Gelenkwellenwerk Stadtilm GmbH (Germany), Xuchang Yuandong Drive Shaft Co., Ltd. (China), Showa Corporation (Japan) and Wanxiang Qianchao Group (China).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Propshafts market by Type, Application and Region.
On the basis of geography, the market of Propshafts 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 Services, the sub-segment i.e. Fitting Services will boost the Propshafts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Joints, the sub-segment i.e. Cardan Joints will boost the Propshafts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Rising Adoption of Composite Materials With Respect To Reducing Weight
Market Drivers
- Rising Growth in Automotive Industry
- Growing Demand for Propshafts from Machinery and Manufacturing Industries
- Advancement in Manufacturing Industry
Opportunities
- Rising Demand for Aluminium Propeller Shaft
- The increasing trend for E-Mobility
Restraints
- High Cost of Production and Fluctuation in Prices of Raw Materials
Challenges
- Continuous Reduction in Weight and Cost
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Propshafts Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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.