According to China Automotive Drive Shaft Market
Report, 2014 (http://www.acutemarketreports.com/report/automotive-drive-shaft-market) released by Acute Market Reports, Chinese automotive drive shaft market
will keep an average growth rate of 8.29% in 2014-2017, and the market demand
will reach 61.04 million units in 2017.
Drive shafts are the parts of automobiles and
construction machinery, on the demand of which the prosperity index and
development scale of automotive and engineering machinery have a direct
bearing. In 2013, China needed 44.38 million automotive drive shafts, of which
81.5% came from passenger cars whose base was huge. If coupled with the demand
from construction machinery, China’s demand for drive shafts would reach 46.26
million units in 2013.
The highly-concentrated Chinese automotive drive
shaft market presents the following competition pattern: a few powerful
transmission shaft manufacturers occupy the main engine supporting market; the
majority of the remaining enterprises with small scale, weak technical strength
and low brand awareness dominate partial low-end main engine supporting market
and maintenance services market by virtue of low prices, playing a passive role
in competition. Wanxiang Qianchao, Shanghai GKN Drive Shaft and Xuchang
Yuandong Drive Shaft accounted for 56.25% of the total drive shaft sales volume
together in 2013, and the share is expected to be as high as 55% or so in 2014.
Xuchang Yuandong Drive Shaft is engaged in R &
D, production and marketing of non-isokinetic drive shafts with the annual
output of 3.6 million sets of such shafts boasting the most diversified types
and the most comprehensive specifications in China.
In 2013, the sluggish Chinese commercial vehicle and
construction machinery market boosted Xuchang Yuandong Drive Shaft to step in
the field of mini-car and passenger car transmission shafts, stimulating the
substantial growth in shaft sales volume. Meanwhile, the shaft revenue of the
company ascended 44.59% year on year to RMB937.65 million. In the next few
years, the company's performance will maintain steady growth in the wake of its
exploration in the passenger car market.
View all reports of this category @ http://www.acutemarketreports.com/category/parts-and-suppliers-market
The report mainly contains six chapters and 113
charts, stating China's overall economic situation, the overview of China's
automobile industry, automotive drive shaft market demand (including import
& export), and the competitive landscape of the automotive drive shaft
market, as well as introducing the revenue, transmission shaft production and
marketing, capacity and production bases of 20 global and Chinese major
automotive drive shaft manufacturers.
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