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Global Cardan Shaft Market (2021-2026) by Product Type, Joint Type, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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    Report

  • 181 Pages
  • June 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5410397
The Global Cardan Shaft Market is estimated to be USD 28.96 Bn in 2021 and is expected to reach USD 36.11 Bn by 2026, growing at a CAGR of 4.51%.



Market Dynamics

The rising consumer demand for fuel-efficient vehicles and lightweight Cardan shafts are major factors driving the demand for Cardan shafts. The strict mandates proposed by the government to reduce carbon emissions have further escalated the demand of the market. The increase in the demand for All-Wheel-Drive (AWD) vehicles is boosting the market growth, as two shafts must be installed in these vehicles. Additionally, the increasing sales of passenger cars, rapid urbanization, and rise in disposable income of people positively affected the market. However, the fluctuating prices of raw materials coupled with the heavyweight of Cardan shaft are anticipated to hinder the market.
The technological advancement in the development of innovative lightweight Cardan shaft is anticipated to create lucrative opportunities for the market.

Market Segmentation

The Global Cardan Shaft Market is segmented further based on Product Type, Joint Type, End-User, and Geography.

By Product Type, the market is classified into Small Duty, Medium Duty, and Heavy Duty. Amongst all, the Medium Duty segment is estimated to hold the highest market share during the forecast period.

By Joint Type, the market is classified as Universal Joint Shafts, Double Cardan Shafts, Precision Turned Parts - Input Shafts, Power-Take-Off (PTO) Shafts, and Others. Amongst all, the Universal Joint Shafts segment is estimated to hold the highest market share during the forecast period.

By End-User Industry, the market is classified as Automotive, Machinery and Equipment, and Manufacturing. Amongst all, the Machinery and Equipment segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Volta Trucks, the leading full-electric commercial vehicle manufacturer, has confirmed the appointment of Meritor as the strategic drivetrain component supplier for the Volta Zero. - 2nd February 2021

Company Profiles

Some of the companies covered in this report are GSP Group, Showa Corporation, Dana Incorporate, Altra Industrial Motion Corp, Xuchang Yuangdong Drive Shaft, etc

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Cardan Shaft Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Cardan Shaft Market

What is the estimated value of the Global Cardan Shaft Market?

The Global Cardan Shaft Market was estimated to be valued at $28960 Million in 2021.

What is the growth rate of the Global Cardan Shaft Market?

The growth rate of the Global Cardan Shaft Market is 4.5%, with an estimated value of $36110 Million by 2026.

What is the forecasted size of the Global Cardan Shaft Market?

The Global Cardan Shaft Market is estimated to be worth $36110 Million by 2026.

Who are the key companies in the Global Cardan Shaft Market?

Key companies in the Global Cardan Shaft Market include Altra Industrial Motion Corp, Belden Tools, Inc, Bailey Morris Ltd, Dana Incorporated, Eugen Klein GmbH, Gelenkwellenwerk Stadtilm GmbH, GKN Plc, GSP Group and JTKET Corporation.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Sales of All-Wheel Drive (AWD) Vehicles
4.1.2 A Rise in Disposable Income and Rapid Urbanization
4.1.3 Demand for Fuel Efficient and Comfortable Automobiles
4.2 Restraints
4.2.1 Price Fluctuation of Raw Material
4.2.2 High Cost Associated to Replace the Shaft
4.3 Opportunities
4.3.1 Technological Advancement and Product Innovation
4.3.2 Demand for Light-Weighted Cardan Shaft
4.3.3 Proposed Rules of Government to Reduce Carbon Emission
4.4 Challenges
4.4.1 Availability of Composite Drive Shafts
4.4.2 Risk of Failure of Cardan Shaft
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Cardan Shaft Market, By Product Type
6.1 Introduction
6.2 Small Duty
6.3 Medium Duty
6.4 Heavy Duty
7 Global Cardan Shaft Market, By Joint Type
7.1 Introduction
7.2 Universal Joint Shafts
7.3 Double Cardan Shafts
7.4 Precision Turned Parts - Input Shafts
7.5 Power-Take-Off (PTO) Shafts
7.6 Others
8 Global Cardan Shaft Market, By End-User
8.1 Introduction
8.2 Automotive
8.3 Machinery & Equipment
8.4 Manufacturing
9 Global Cardan Shaft Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Brazil
9.3.2 Argentina
9.3.3 Chile
9.3.4 Colombia
9.4 Europe
9.4.1 UK
9.4.2 France
9.4.3 Germany
9.4.4 Italy
9.4.5 Spain
9.4.6 Netherlands
9.4.7 Sweden
9.4.8 Russia
9.4.9 Rest of Europe
9.5 Asia-Pacific
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 Indonesia
9.5.5 Malaysia
9.5.6 South Korea
9.5.7 Australia
9.5.8 Sri Lanka
9.5.9 Thailand
9.5.10 Rest of APAC
9.6 Middle-East and Africa
9.6.1 Qatar
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 Altra Industrial Motion Corp
11.2 Belden Tools, Inc
11.3 Bailey Morris Ltd
11.4 Dana Incorporated
11.5 Eugen Klein GmbH
11.6 Gelenkwellenwerk Stadtilm GmbH
11.7 GKN Plc
11.8 GSP Group
11.9 Hindustan Hardy Ltd
11.10 JTKET Corporation
11.11 Johnson Power, Ltd
11.12 KTR Systems GmbH
11.13 Meritor Inc
11.14 MISUMI USA
11.15 Nuhydro
11.16 Neapco Inc
11.17 Lenze Selection
11.18 Showa Corporation
11.19 Rowland Company
11.20 Voith GmbH & Co. KGaA
11.21 Wahan Engineering Corporation
11.22 Welte Cardan Service GmbH
11.23 Wuxi Weicheng Cardan Shaft Co, Ltd
11.24 Wartsila Corporation
11.25 Xuchang Yuandong Drive Shaft Co, Ltd
12 Appendix
12.1 Questionnaire

Companies Mentioned

  • Altra Industrial Motion Corp
  • Belden Tools, Inc
  • Bailey Morris Ltd
  • Dana Incorporated
  • Eugen Klein GmbH
  • Gelenkwellenwerk Stadtilm GmbH
  • GKN Plc
  • GSP Group
  • Hindustan Hardy Ltd
  • JTKET Corporation
  • Johnson Power, Ltd
  • KTR Systems GmbH
  • Meritor Inc
  • MISUMI USA
  • Nuhydro
  • Neapco Inc
  • Lenze Selection
  • Showa Corporation
  • Rowland Company
  • Voith GmbH & Co. KGaA
  • Wahan Engineering Corporation
  • Welte Cardan Service GmbH
  • Wuxi Weicheng Cardan Shaft Co, Ltd
  • Wartsila Corporation
  • Xuchang Yuandong Drive Shaft Co, Ltd