Technology News & Trends

  Automotive Half Shaft Market: Introduction According to the report, the global automotive half shaft market is projected to surpass  US$ 25 Bn  by 2030, expanding at a CAGR of ~ 5%  during the forecast period. The rise in global vehicle production and increase in number of vehicle service centers across the globe boost the  automotive half shaft market  across the globe. Automotive half shaft market is mature, as the half shaft is an integral component of vehicles. The development and expansion of the automotive half shaft market is highly dependent on the production of vehicles across the globe, it has been observed that the production of vehicles was increasing consistently at a notable pace until 2017. However, slowdown in vehicle sales was witnessed in the 2nd half of 2018 and 2019. Additionally, outbreak of COVID-19 hampered the market due to limited availability of employees and disruption in the supply chain. Expansion of Automotive Half Shaft...

Automotive Half Shaft Market: Introduction According to the report, the global automotive half shaft market is projected to surpass  US$ 25 Bn  by 2030, expanding at a CAGR of ~ 5%  during the forecast period. The rise in global vehicle production and increase in number of vehicle service centers across the globe boost the  automotive half shaft market  across the globe. Automotive half shaft market is mature, as the half shaft is an integral component of vehicles. The development and expansion of the automotive half shaft market is highly dependent on the production of vehicles across the globe, it has been observed that the production of vehicles was increasing consistently at a notable pace until 2017. However, slowdown in vehicle sales was witnessed in the 2nd half of 2018 and 2019. Additionally, outbreak of COVID-19 hampered the market due to limited availability of employees and disruption in the supply chain. Expansion of Automotive Half Shaft ...