The global Cardan Shaft market was valued at US$ 12050 million in 2020 and it is expected to reach US$ 17260 million by the end of 2027, growing at a CAGR of 2.0% during 2021-2027.
Cardan Shaft, also known as propeller shaft or drive shaft, is a mechanical component used for the transmission of torque and rotation. Cardan Shaft consists of universal joint, shaft yokes and intermediate support, etc. It acts as an intermediate between the driving and the driven shaft that are not aligned on the same axis transferring the running torque smoothly.
Global Cardan Shaft key players include GKN, Dana, IFA Group, Meritor, AAM, etc. Global top five manufacturers hold a share over 35%.
China is the largest market, with a share over 25%, followed by Europe and North America, both have a share over 45%.
In terms of product, Small Series is the largest segment, with a share over 75%. And in terms of application, the largest application is Automotive, followed by Manufacturing, Machinery and Equipment, etc.
Global Cardan Shaft Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Cardan Shaft Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are GKN, Dana, IFA Group, Meritor, AAM, JTEKT Corporation, Xuchang Yuandong Drive Shaft, Wanxiang Qianchao, Neapco Component, Showa Corporation, GSP Automotive Group Wenzhou Co., Ltd., Elbe Holding GmbH & Co. KG, Gewes, Taier Heavy Industry, Ameridrive (Altra Industrial Motion Corp.), Wichmann GmbH and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-cardan-shaft-market-research-report
Segment by Type
- Small Series
- Medium Series
- Heavy Duty Series
Segment by Application
- Machinery and Equipment
Table of Content:
1 Cardan Shaft Market Overview
2 Cardan Shaft Market Competition by Manufacturers
3 Cardan Shaft Retrospective Market Scenario by Region
4 Global Cardan Shaft Historic Market Analysis by Type
5 Global Cardan Shaft Historic Market Analysis by Application
6 Key Companies Profiled
7 Cardan Shaft Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Cardan Shaft Market Dynamics
10 Global Cardan Shaft Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta