Automotive Drive Shaft Market Share, Trends, Growth 2032
The rising demand for electric vehicles (EVs) globally is fostering a positive outlook for the automotive drive shaft market. These components enhance durability and efficiency while optimizing noise, vibration, and harshness (NVH) performance. Increasing fuel prices and various government initiatives aimed at reducing emissions also support market growth. Moreover, manufacturers are increasingly opting for fiber-reinforced polymer composites instead of traditional steel in the production of lightweight automotive drive shafts. This shift enhances the drive shaft's performance and rigidity, boosts fuel efficiency, and increases torque capacity, further driving the market.
Read More: https://www.imarcgroup.com...
The rising demand for electric vehicles (EVs) globally is fostering a positive outlook for the automotive drive shaft market. These components enhance durability and efficiency while optimizing noise, vibration, and harshness (NVH) performance. Increasing fuel prices and various government initiatives aimed at reducing emissions also support market growth. Moreover, manufacturers are increasingly opting for fiber-reinforced polymer composites instead of traditional steel in the production of lightweight automotive drive shafts. This shift enhances the drive shaft's performance and rigidity, boosts fuel efficiency, and increases torque capacity, further driving the market.
Read More: https://www.imarcgroup.com...
Automotive Drive Shaft Market Share & Forecast by 2032
The global automotive drive shaft market size reached US$ 16.4 Billion in 2023 and grow at a CAGR of 4.3% to reach US$ 24.1 Billion by 2032.
https://www.imarcgroup.com/automotive-drive-shaft-market
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