Pune, India -- (SBWIRE) -- 04/23/2019 -- The latest report on Automotive Drive Shafts Market by Infinium Global Research gives complete coverage of the automotive drive shafts market by shaft type (Hotchkiss drive shaft type, flexible drive shaft type and torque tube drive shaft type), vehicle type (passenger vehicles, commercial vehicles and electric vehicles) in terms of key trends, market size, forecast and CAGR growth over the period of 2018 to 2024. In addition, the study covers deep dive into key product and applications trends in the regional markets of automotive drive shafts such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.

For More Details Get Free Sample Pages of this Research Report@ https://www.infiniumglobalresearch.com/reports/sample-request/1680

Demand for Automotive Drive Shafts to Promote Growth in the Automotive Drive Shafts Market

Increase in demand for the lightweight side shafts and stringent carbon emission regulations drives the growth of the automotive drive shaft market. In addition, the growing concern for fuel efficiency and the stringent norms posed by the international emission control authorities have motivated the manufacturers to develop lightweight drive shafts without negotiating on their performance and rigidness. Moreover, the driveshafts need to be light in weight hence the demand for automotive drive shafts has increased, that in turn, is fuelling the growth of the automotive drive shafts market. Moreover, fluctuation in the prices of raw materials are the factors restraining the growth of the automotive drive shafts market during the forecast period. Furthermore, the increase in demand for passenger vehicles is anticipated to create growth opportunities in the upcoming years.

The Asia Pacific to dominate the Global Automotive Drive Shafts Market

The Asia Pacific dominated the automotive drive shaft market. The growth in the Asia Pacific region is due to the emerging economies of India, China, and Japan. EPA (Environment Protection Authority) policies and stringent CAFÉ (Corporate Average Fuel Economy) regulations forced the automotive manufacturers to reduce the weight of the vehicles to reduce emissions and fuel consumptions. Moreover, the increased investment in the automobile industry, especially in countries such as China, is anticipated to boost the growth in the automotive drive shaft market. The global production of passenger cars alone has increased from 40.1 million in 2001 to 73.45 million in 2017, and that of overall vehicles was around 97.30 million in 2017.

Enquire here Get Customization & Check Discount for Report @ https://www.infiniumglobalresearch.com/reports/request-discount/1680

Dana Inc. Moves to Acquire Driveline Division of GKN

In March 2018 - Dana Inc. announced its signature of definitive agreements to combine with the driveline division of United Kingdom-based GKN plc to create Dana Plc, a global driveline systems company. Dana is based in Maumee, Ohio. It supplies steer axles, steering shafts, driveshaft assemblies, engine gaskets, hub systems, and a tire-pressure management system that features self-inflating tires.

Under terms of the agreements, Dana shareholders will own approximately 52.75% of the company with GKN shareholders owning 47.25%. The combined company will be domiciled in the United Kingdom as Dana Plc and will continue to trade on the New York Stock Exchange under the ticker symbol DAN.

Report Findings

1. Drivers

Growing demand for automotive drive shafts

Growing concern for fuel efficiency and the stringent norms posed by the international emission control authorities

2. Restraints

Fluctuation in the prices of raw materials

3. Opportunities

Increase in demand for passenger vehicles

Browse Detailed TOC, Description and Company Mentioned in this Premium Report@ https://www.infiniumglobalresearch.com/automotive/global-automotive-drive-shafts-market