Cardan Shaft Market Scope
Cardan shaft is also known as driveshaft, driving shaft, tail shaft, and propeller shaft, among others. It is a mechanical component for transmitting rotation and torque, typically used to connect other components of a drive train that cannot be connected directly because of distance or the need to permit for relative movement between them. As torque carriers, drive shafts are subject to shear stress and torsion, equivalent to the difference between the input torque and the load. They must, therefore, be strong enough to bear the stress, while avoiding too much additional weight as that would, in turn, increase their inertia. To allow for variations in the alignment and distance between the driving and driven components, drive shafts frequently incorporate one or more universal joints, or rag joints, jaw couplings, and sometimes a splined joint or prismatic joint.
The market study is segmented by Type (Small, Medium and Heavy Duty), by Application (Automotive, Manufacturing, Machinery & Equipment and Other Application) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States and Chinese Manufacturers will contribute to the maximum growth of Global Cardan Shaft market throughout the predicted period.
Altra Industrial Motion Corp. (United States), Gelenkwellenwerk Stadtilm GmbH (Germany), Xuchang Yuandong Drive Shaft Co., Ltd. (China), GSP Group (China), Showa Corporation (Japan), Wanxiang Qianchao Group (China), JTEKT Corporation (Japan), Neapco Inc. (United States), Meritor, Inc. (United States), Dana Incorporated (United States) and GKN Plc. (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Cardan Shaft market by Type, Application and Region.
On the basis of geography, the market of Cardan Shaft 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 Design Type, the sub-segment i.e. Hollow Shaft will boost the Cardan Shaft 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 28 Jan. 2019, Dana Incorporated announced that it will present new driveline solutions for commercial vehicle applications at the Heavy Duty Aftermarket Week (HDAW) 2019. The new offerings include adding the SPL 250 Lite driveshaft to the genuine Spicer line-up while also expanding the Spicer Select portfolio to cover the Meritor Permalube RPL Series to better serve vehicle operators.
On 13 Feb. 2017, Dana Incorporated announced a definitive agreement to purchase axle housing and driveline shaft manufacturing operations from U.S. Manufacturing Corporation (USM). Under terms of the agreement, Dana plans to acquire USM's Warren, Michigan, assets in exchange for USD 100 million in cash. This acquisition will increase Dana's revenue from passenger and commercial vehicle manufacturers and will transition significant purchased content to vertically integrated supply. It will also provide Dana with new product and process technologies for light-weighting.
Market Trend
- The Usage of Composite Materials In Order to Reduce Weight
Market Drivers
- Growing Automotive Industry Worldwide
- The Increasing Demand for Cardan Shaft’s from Machinery and Manufacturing Industries
Opportunities
- Growing Demand for Aluminum Propeller Shaft
- Ongoing Trend for E-Mobility
Restraints
- Pricing Pressure and Fluctuating Prices of Raw Materials
Challenges
- Weight and Cost Reduction
Key Target Audience
Cardan Shaft Manufacturers, Cardan Shaft Sub Component Manufacturers, Cardan Shaft Traders/Distributors, Cardan Shaft Importer/Exporter, Regulatory & Government Bodies, End Users and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase