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Global Automotive Sideshaft Market is estimated to reach USD 11338.67 million by 2027, growing at a CAGR of 6 % between 2019 and 2027
Side shafts are also known as half shafts or intermediate shafts or Constant velocity (CV) shafts. A side shaft is primarily a drive axle. It comes in pairs. It is called half shaft because it does half of the job, extending from differential or transaxle. Side shafts should accommodate steering angle in front wheels and provide torsion to the chassis, allowing steering angles to offer isolating vibrations and suspension movements. Side shaft has two CV (Constant-velocity) joints; one is a fixed joint at the wheel end and a plunging joint at the gearbox end, which is usually connected by an interconnecting shaft. The primary function of an automotive side shaft is to provide an active connection between the driving wheels and the engine, it also allows to generate different steering angles while accommodating the suspension movements.
The isolation of vibration is also one of the prime function of the automotive side shaft in a vehicle. The merit of a constant velocity joint is that it can transfer rotation through various angles without any variations in drive shaft speeds. An automotive side shaft comprises of two constant velocity joints; a plunging joint situated at the gearbox end and a fixed joint situated near the wheel end which are connected by an interconnecting shaft. Automotive Side shaft market has grown rapidly over a period of time making the transfer of energy and movement from the vehicle engine to the wheels very comfortable and easy without the loss of power. Regular cleaning and servicing of the automotive side shaft is imperative for every automobile and machine to ensure safe operation as well as proper functioning of the vehicles. Mostly used materials in the construction of automotive side shaft are stainless steel, cast iron or aluminium, etc.
The study covers detail analysis, growth and forecast of the Automotive Sideshaft Market. The report includes market analysis on global and regional level. The study covers historical data analysis from 2014 to 2017 and market forecast for 2019 to 2027 based on revenue generated. The study includes market value in terms of revenue in billion USD for years 2014-27 and compound annual growth rate (CAGR) in % for from 2019-2027. The market is expected to show constant growth between 2019-2027.
The report comprises value chain analysis for each of the product segments. Value chain analysis offers in depth information about value addition at each stage. The study includes drivers and restraints for Automotive Sideshaft Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Our study Automotive Sideshaft Market helps user to make precise decision in order to expand their market presence and increase market share.
The report provides Automotive Sideshaft Market Dynamics ,includes industry growth drivers, challenges, opportunities , risk, constraints as well as threats .Reports also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of Automotive Sideshaft Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.
Global Automotive Sideshaft Market: Product Type
Global Automotive Sideshaft Market: Application
Global Automotive Sideshaft Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Automotive Sideshaft Market:
Geographical analysis of Global Automotive Sideshaft Market:
Global Automotive Sideshaft Market Report delivers comprehensive analysis of :
| Parameters | Details |
|---|---|
Base Year | 2022 |
Historical Data | 2017-2022 |
Forecast Data | 2023-2029 |
Base Year Value (2022) | USD 7993.31 million |
Forecast Value (2029) | USD 12018.98279 million |
CAGR (2022 to 2028) | 6 % |
Regional Scope | North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Automotive Sideshaft Market was valued at around USD 7993.31 million in 2022 & estimated to reach USD 12018.98279 million by 2029.
Automotive Sideshaft Market is likely to grow at compounded annual growth rate (CAGR) of 6% between 2023 to 2029.
Yes, the report includes COVID 19 impact on the market.
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