This study focuses on the production side and consumption side of Cardan Shaft, presents the global Cardan Shaft market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
Los Angeles, CA -- (SBWIRE) -- 10/02/2018 -- In terms of production side, this report researches the Cardan Shaft capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Cardan Shaft by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
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.
GKN dominated the market, with accounted for 11.677% of the Cardan Shaft sales market share in 2016. Dana, IFA Rotorion are the key players and accounted for 5.019%, 3.241% respectively of the overall Cardan Shaft market share in 2016. Global giant market mainly distributed in Asia-Pacific and Europe. It has unshakable status in this field.
Asia-Pacific is the largest consumption region of Cardan Shaft, with a consumption market share nearly 47.32% in 2016. The second place is Europe; following Asia-Pacific with the consumption market share over 24.54% in 2016.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The Cardan Shaft market was valued at 22000 Million US$ in 2017 and is projected to reach 25000 Million US$ by 2025, at a CAGR of 1.6% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Cardan Shaft.
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This report includes the following manufacturers; we can also add the other companies as you want.
Wanxiang Qianchao Group
Yuandong Drive Shaft
Market Segment by Product Type
Heavy Duty Series
Market Segment by Application
Machinery & Equipment
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