Global Side Shaft Market Growth 2023-2029

Global Side Shaft Market Growth 2023-2029

The Side Shaft provides the dynamic connection between engine and driving wheels, transmitting power and allowing steering angles whilst accommodating suspension movements and isolating vibrations. Each side shaft has two constant velocity joints – a fixed joint at the wheel end and a plunging joint at the gearbox end, connected by an interconnecting shaft. Automotive Side Shafts play a vital role in the operation of any vehicle. It ensures optimum delivery of power to the wheels of the vehicle. This report is about automobiles using side shaft.
LPI (LP Information)' newest research report, the “Side Shaft Industry Forecast” looks at past sales and reviews total world Side Shaft sales in 2022, providing a comprehensive analysis by region and market sector of projected Side Shaft sales for 2023 through 2029. With Side Shaft sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Side Shaft industry.
This Insight Report provides a comprehensive analysis of the global Side Shaft landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Side Shaft portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Side Shaft market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Side Shaft and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Side Shaft.
The global Side Shaft market size is projected to grow from US$ 6291.1 million in 2022 to US$ 6811.2 million in 2029; it is expected to grow at a CAGR of 6811.2 from 2023 to 2029.
Global Side Shaft key players include GKN, NTN, Nexteer, Hyundai-wia, KOFCO, etc. Global top five manufacturers hold a share about 80%. Asia Pacific is the largest market, with a share about 50%, followed by Europe, with a share about 25 percent. In terms of product, Front Side Shaft is the largest segment, with a share about 80%. And in terms of application, the largest application is Commercial Vehicles, followed by Passenger Vehicles.
This report presents a comprehensive overview, market shares, and growth opportunities of Side Shaft market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Rear Side Shaft
Front Side Shaft
Segmentation by application
Passenger Vehicles
Commercial Vehicles
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GKN
NTN
Hyundai-wia
Nexteer
KOFCO
Wanxiang
Neapco
JTEKT
Guansheng
Key Questions Addressed in this Report
What is the 10-year outlook for the global Side Shaft market?
What factors are driving Side Shaft market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Side Shaft market opportunities vary by end market size?
How does Side Shaft break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.