Detailed Study on the Sintering Market
The latest report published by Transparency Market Research on the global Sintering market reveals that the market is expected to grow at a CAGR of ~XX% during the forecast period (2019-2029) and reach a value of ~US$ XX by the end of 2019. Further, by leveraging the data in the report, investors, established players, emerging market players, and stakeholders can develop effective business strategies to cement their position in the global Sintering market.
The report ponders over the micro and macro-economic factors that are expected to shape the growth of the Sintering market in the upcoming decade. The report includes a SWOT analysis of some prominent players in the Sintering market wherein the business prospects of each player are discussed in detail.
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Vital Market Information Included in the Report:
- Underlying trends and growth opportunities for market players in different regional markets
- Growth strategies adopted by market players in the current market landscape
- Segment-wise assessment of the growth potential of each market segment
- Impact of environment, government, and other regulatory policies on the Sintering market
- Supply-demand, value chain, and consumption analysis of the Sintering in different regions
The report resolves the following doubts related to the Sintering market:
- What is the projected growth rate of the Sintering market during the forecast period?
- What is the most common trend that can be observed in the Sintering market?
- Which market player is dominating the Sintering market in region 1?
- Which companies are entering into partnerships, collaborations, and strategic alliances?
- What are the different factors that are likely to hamper the growth of the Sintering market during the forecast period?
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Sintering Market Bifurcation
The Sintering market is bifurcated into different sections to provide a clear understanding of the various aspects of the market. The growth potential, market share, size, and prospects of each segment and sub-segment is depicted in the report.
By types, the market has been segmented into hotchkiss drive shafts, flexible drive shafts and torque tube drive shafts. Hotchkiss drive shafts are the most popular form of shafts used for rear axle suspension and are commonly found in heavy commercial vehicles and passenger cars. Flexible drive shaft types have high longevity and permits continuous rotation in vehicles even at high speed. These are mostly found in passenger cars and light commercial vehicles. Use of torque tube drive shaft is comparatively less widespread than hotchkiss drive shaft system and flexible drive shaft system. It is mostly found in heavy commercial vehicles with front engine and rear drive. Torque tube drive shaft types are typically heavier and produces greater up sprung weight on the vehicle. The automotive drive shafts can also be judged based on their position which in turn depends on whether the vehicle is Front Wheel Drive (FWD) or Rear Wheel Drive (RWD). Front Wheel Drive vehicles are always the preferred choice since they are more fuel efficient and weigh less enabling the vehicle to be aerodynamic. The FWD vehicles also cost less compared to RWD vehicles, therefore their production and use is higher. In recent years, all the passenger cars and light commercial vehicles are FWD and their drive shafts are placed likewise. This positioning also protects the vehicles in case of accidents.
Global Automotive Drive Shafts Market: Drivers and Restraints
The report also discusses the demand inducing and demand restraining factors. The main drivers have been identified to be the rise in production of vehicles and depreciation of drive shafts whose replacement is supported by an efficient after sales services sector. The global automotive industry is in a reviving phase and is expected to show promising performance over the forecast period. APAC is the largest producer of automotive and is likely to maintain its dominance the forecast period. In recent years the APAC region has witnessed notable performance in terms of its GDP and development of its automobile and automotive parts industry. India, Singapore, South Korea, and Thailand, among other countries in APAC have high growth potential. This region has also experienced a sudden rise in disposable income, enhancing the affordability of passenger cars.
Use of electric vehicles however, is expected to reduce the need for drive shafts since they run on battery which are charged by electric power. Therefore, this factor is anticipated to pull down the growth of the automotive drive shafts market.
Global Automotive Drive Shafts Market: Research Methodology
This report provides the future anticipated market growth of automotive drive shafts during the period from 2016 to 2024 along with a current market synopsis. The report also provides in-depth analysis of the automotive drive shafts market across various vehicle types, shaft types and position types. Various economic factors predicted to affect the demand and supply of automotive drive shafts across the globe are also highlighted in this report. In addition, the report also sheds light on the detailed industry structures, market share of the leading manufacturers and future predictive demand and supply in terms of revenue in order to provide a detailed analysis of the market.
By geography, the global automotive drive shafts market has been further classified into North America, Europe, Asia Pacific, Middle East and Africa (MEA) and Latin America. The present market size in terms of revenue (USD Mn) along with forecast from 2016 to 2024 is also provided in this report.
Key Players Mentioned in this Report are:
Some of the key players operating in the automotive drive shafts market across the globe are, GKN PLC. (U.K.), American Axle Manufacturing Inc. (U.S.), Dana Incorporated (U.S), Xuchang Yuangdong (U.S.), Neapco Holdings, LLC. (U.S.) and The Timken Company (U.S.), among others.
The global automotive drive shafts market has been segmented as follows:
Global Automotive Drive Shafts Market, By Vehicle Type
- Passenger Cars
- Heavy Commercial Vehicles
- Light Commercial Vehicles
Global Automotive Drive Shafts Market, By Shaft Type
- Hotchkiss Drive Shaft
- Flexible Drive Shaft
- Torque Tube Drive Shaft
Global Automotive Drive Shafts Market, by Position Type
- Front Wheel Drive Shaft
- Rear Wheel Drive Shaft
Global Automotive Drive Shafts Market, By Geography
- North America
- RoE (Rest of Europe)
- Asia Pacific
- RAPAC (Rest of Asia Pacific)
- Middle East and Africa (MEA)
- South Africa
- RMEA (Rest of Middle East and Africa)
- Latin America (LATAM)
- Rest of Latin America (RLATAM)
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