Albany, NY -- (SBWIRE) -- 12/03/2014 -- Research on Automotive Drive Shaft Market in China, 2014-2018 mainly makes in-depth analysis on China's automotive drive shaft industry in the aspects of current status of market, competition pattern, market demand, import & export, current status of technology, development trend, key enterprises as well as the strengths and weakness of China's automotive drive shaft.

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According to different distribution channels, automotive drive shaft market mainly can be classified as OE (original equipment) market and aftermarket that mainly provides repair and maintenance services for automotive drive shaft.

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In OE market, the development of automotive drive shaft has close relationship with that of automobile. In 2013, the output and sales of automobile have amounted to 22.1168 million sets and 21.9841 million sets respectively, 14.76% and 13.87% greater than those of last year, improving by 10.2 percentage points and 9.6 percentage points year on year. Both output and sales volume of China's automobile in that year have managed to sustain the world championship for consecutive five years.

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According to relevant data, Huidian Research worked out that every automobile commonly uses two sets of drive shafts. In 2013 OE market, the demand of drive shaft was 43.9682 million sets.

In the aftermarket of automobile drive shaft, as the vehicle ownership has increased continuously in recent years, the aftermarket of drive shaft with an appreciable scale has been formed. In 2013, the vehicle ownership in China was 137 million sets, which has created a huge market space for automotive drive shaft manufacturers.

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