Automotive shaft pin market: Introduction
Car shaft pins are used to lock two shafts or gadgets in a car and can be thought of as holding devices. When the axle and coupling engage and the torque is supplied, an axle pin is inserted into the vehicle to prevent disconnection. Differential shafts, axle shafts, gear shafts, gearbox shafts, propeller shafts and other components all use automotive shaft pins.
The need for car shaft pins is expected to expand significantly over the coming years as a result of the increase in vehicle sales and fleet sizes. Consequently, this is expected to support the expansion of the automotive axle pin market across the globe during the forecast period.
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The sales of Pin Pir Car are in direct proportion to the rate of car production and the car fleet on the road. The growing demand for passenger cars leads to an increase in car production and car sales, especially in developing regions. Growing automotive production is estimated to be a key factor driving the demand for automotive shaft pin globally.
Increasing vehicle sales continuously add to the total vehicle fleet worldwide. This in turn is expected to create significant opportunities in the aftermarket segment for the automotive shaft pin market during the forecast period. The growing mining and construction sector worldwide has increased the demand for heavy commercial vehicles.
Therefore, this sector is expected to experience a high production rate, especially in countries such as India and Japan, as the two are major manufacturers of heavy commercial vehicles in the world
The growing trend towards electric vehicles in the automotive industry is considered to be the major restraining factor in the global automotive shaft pin market. Electric vehicles have a relatively small number of shafts installed in their drivetrain compared to a conventional vehicle, reducing the need for a shaft pin. This in turn is estimated to significantly hinder the growth of the global automotive shaft pin market during the forecast period.
Based on product type
- drive shaft
- differential shaft pin
- axle shaft pin
- gear shaft pin
- Gear shaft pins
- propeller shaft pin
- pinion shaft pinion
Based on the type of material
- Stainless steel car shaft pins
- Alloy steel car shaft pin
- Titanium car shaft pin
Based on vehicle type
- a moving car
- compact cars
- Medium-sized cars
- luxury vehicles
- Light commercial vehicle
- Heavy commercial vehicles
Based on sales channel
- original equipment manufacturer (OEM)
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The automotive shaft pin market is expected to witness significant growth in the coming years, owing to the growing automotive industry across the developing region. Rowing vehicle production in countries such as Iran, India, ASEAN, Finland, Sweden, Russia, Netherlands, and Turkey is expected to create a significant opportunity in the automotive shaft pin market in Europe and the Asia Pacific region during the forecast period.
Developed regions such as North America account for relatively small parts of the production of heavy commercial vehicles. Therefore, sales of heavy commercial vehicle axle pin through the OEM sales channel are expected to be relatively less.
However, in terms of total commercial vehicle sales, the US alone accounts for nearly 44% share. According to estimates, increasing commercial vehicle sales in the region is expected to project significant opportunities in the vehicle pin pin sales channel. Total vehicle fleet growth in Latin America and the Eastern region The Middle East and Africa is also expected to drive the demand for the automotive shaft pin market during the forecast period
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- Oxford Bond Sdn. Bhd
- SPIROL International Corporation
- Vedali Hardware Co., Ltd.
- Crown car
- WAS SHENG ENTERPRISE CO., LTD.
Regional analysis includes:
- North America (USA, Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, Great Britain, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC countries, South Africa, North Africa)
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