Automotive Drive Shaft Market, By Design Type (Hollow Shaft, Solid Shaft), By Position Type (Rear Axle, Front Axle), By Vehicle Type (Passenger Car, Commercial Vehicles) and By Geography (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
The drive shaft is a basic piece of the vehicle driveline and is responsible for transmitting the power from the engine to the wheels. Drive shafts are made up of many different parts and are designed to adapt to changing loads. These changes in load occur as a vehicle accelerates and decelerates, causing the drive shaft to experience heavy loads.
The drive shaft is responsible for transferring torque from the engine to the wheels and reduces the vehicle's overall weight. The shaft should be balanced so that the torque generated by the engine is transferred to the wheels in a smooth and efficient manner. Different types of vehicles use different types of drive trains, however, all vehicles require a drive shaft to rotate. Automotive drive shafts can be three pieces or two pieces. Three-piece designs prevent damage to the drive shaft at high speeds.
Market Dynamics:
The growth of the automotive drive shaft market is primarily driven by the increasing demand for environment-friendly vehicles and the expansion of the auto industry. Rising demand for lightweight drive shafts in light-duty vehicles is expected to drive the market growth. Furthermore, stringent discharge control standards are expected to create new opportunities in the market. Increasing sales of electric vehicles is another factor contributing to the growth of the automotive drive shaft market.
However, the emergence of composite drive shafts, fluctuating prices of raw materials, and COVID-19 impact on the market are the factors expected to hamper the growth of this market.
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