Automotive driveshaft couplings was first used in China over 2,000 years back. It was developed as "gimbals," a progression of interlocking rings inside a device that permitted a candle positioned in the middle to stay upright regardless of the device position.
Driveshaft Couplings are used to connect two power transmitting components to transmit torque. Couplings used in automobiles are of two types which are rigid and flexible.
Flexible couplings used in an automobiles are designed to permit some degree of misalignment to adapt change in positions of power transmitting shafts whereas rigid couplings do not allow any misalignment between the joining components.
These couplings used in automobiles reduces structure-borne noise and vibrations, compensates axial displacements from unit movements, improves running smoothness, and minimizes wear of adjacent components by eliminating high torque.
The rising demand of automotive driveshaft couplings in proportion to the rise in demand of automobiles is anticipated to boost the market growth. Another major factor driving the market is the preference for compact sized parts for the vehicles.
Another key driver of the automotive driveshaft couplings market is the capability of the material to adapt the change in the alignment of the shafts. The shaft alignment keeps on changing when the vehicle moves due to which driveshaft couplings are used to allow the smooth functioning of the automotive driveshaft.
The key restraint in the automotive driveshaft couplings market is the maintenance cost because the frequent maintenance is necessary for the proper working of couplings. The preference of compact automotive parts along with continuous innovations in this field are expected to be the main opportunity in the market. Another major opportunity is the rising demand of EVs due to stringent Co2 emission norms especially in Europe and North America..
The most important trend in the automotive driveshaft couplings market is the ability of automotive parts suppliers to keep a balance between product improvement, cost control and technology enhancement.
Global automotive sales is projected to remain stagnant and no growth is expected till 2021. The recovery in the short run is expected to be dependent upon the ambitious fiscal and monetary policies of the governments globally, and is not expected to come earlier than 2021. Globally the revival of the market is not syncho
In the year 2020, main focus will be on OEMs powertrain mix strategy and to monitor market response to deal with Co2 challenges and Brexit developments in Europe.
The Covid 19 pandemic has shaken down the manufacturing sector of both emerging an advanced economies alike and it has seriously affected the automotive business. This has prompted huge stoppage in spending in the first half of the year 2020 as it resonates through each segment of the economy.
Part of assembling organizations had flexibly fixed interruptions because of lockdown. For example, the UK, France, and Spain, which represent critical vehicle deals in Europe, is seriously affected by pandemic.
Production lines of tier 1 and tier 2 suppliers have stopped. In addition, legal and trade restrictions, for example, sealed borders, increased the deficiency of required parts.
Full fledge recovery is anticipated to be seen by mid-2022 as the governments across the world will enforce strong policies to minimize the impact of the pandemic on the economy.
East Asia and South Asia & Pacific regions are is expected to be the leading regions in terms of automotive driveshaft couplings because the demand for passenger cars in both these regions is rising due to the increased purchasing capacity.
Europe is assessed to be another prominent market for automotive driveshaft couplings and is expected to observe stable development in the coming years. Rising preference for comfort in vehicles and stringent government regulations on mileage standards in European countries, have led to more focus into R&D to create superior nature of driveshaft couplings for European market.
Some of the market participants in the global Automotive Driveshaft Couplings market, identified across the value chain include:
The research report on the Automotive Driveshaft Couplings market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The Automotive Driveshaft Couplings market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, coupling type, vehicle type, material type, and sales channel.
The global Automotive Driveshaft Couplings market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global Automotive Driveshaft Couplings market can be segmented on the basis of coupling type, vehicle type, material type, and sales channel.
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