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

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