Global Cardan Shaft Market Research Report 2021

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.
Asia-Pacific is the largest consumption region of Cardan Shaft, with a consumption market share nearly 52.31% in 2019. The second place is Europe; following Asia-Pacific with the consumption market share over 23.59% in 2019. Cardan Shaft market has several key players, like GKN, Dana, IFA Group, Meritor and AAM, they take a market share 35.73% in value. Global giant manufactures mainly distributed in Japan, Europe, China and USA. It has unshakable status in this field.

Market Analysis and Insights: Global Cardan Shaft Market
The global Cardan Shaft market was valued at US$ 17540 million in 2019 and it is expected to reach US$ 18550 million by the end of 2026, growing at a CAGR of 2.3% during 2021-2026.

Global Cardan Shaft Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Cardan Shaft Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Small Series
Medium Series
Heavy Duty Series

Segment by Application
Automotive
Manufacturing
Machinery & Equipment
Others

By Company
GKN
Dana
IFA Group
Meritor
AAM
JTEKT Corporation
Xuchang Yuandong Drive Shaft
Wanxiang Qianchao Co., Ltd.
Neapco Components, LLC
Showa Corporation
GSP Automotive Group Wenzhou Co., Ltd.
Elbe Holding GmbH & Co. KG
Gewes
Taier Heavy Industry Co., Ltd
Ameridrive (Altra Industrial Motion Corp.)
WiCHMANN GmbH

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

Frequently Asked Questions