Global Automotive Carbon Composite Driveshaft Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018-2025

Published - Aug 2018 | Category - Automobile & Transportation | No. of Pages - 95 | Published By - ARC

Introduction

Global Automotive Carbon Composite Driveshaft Market is correlated to the rising sales of vehicles across the globe, since all passenger cars and commercial vehicles are equipped with drive-shafts. Automobile manufacturers already planned to increase their production capacity of vehicles. Automotive industry is facing major challenges from government stringent laws to reduce carbon foot prints and to increase fuel efficiency of vehicles. To overcome the challenges, the automotive component manufacturer are spending huge amount of capital on product innovation. Drive-shaft being the major part of drivetrain system of vehicle, automotive component suppliers introduced innovative technology such as carbon composite drive-shaft in order to improve performance and to reduce weight. The nanotechnology used in carbon fibre reduces the overall weight drivetrain system and provide increased torque by increasing shaft's longitudinal and hoop stiffness.

Market Drivers

The rising demand for hypercars and the growing use of carbon composites in automotive parts in the region will drive the growth of the market. Many manufacturers in this vehicle segment are projected to use carbon composite driveshafts in ultra-luxury cars over the next few years. Factors such as the use of carbon composite driveshafts in high-performance vehicles, various government policies and the rising demand for hypercars and super sports cars will contribute to the growth of this industry segment in the coming years.


 

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