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Stock impact report

Drive Shaft Market To Reach USD 99.1 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]

American Axle & Manufacturing Holdings, Inc. (AXL) 
Last american axle & manufacturing holdings, inc. earnings: 2/14 08:00 am Check Earnings Report
US:NYSE Investor Relations: aam.com
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, May 08, 2024 (GLOBE NEWSWIRE) -- The demand for high-performance vehicles is a prominent driver of need for drive shaft components. The surge in demand for high-performance vehicles is a significant driving force behind the drive shaft market. With consumers increasingly seeking vehicles boasting enhanced acceleration, speed, and overall performance, there arises a need for advanced drive shaft technologies. As per a report by the International Organization of Motor Vehicle Manufacturers (OICA), global passenger car production hit 65.2 million units in 2023, showcasing resilience despite the challenges posed by the COVID-19 pandemic. As the automotive sector rebounds and consumer preferences gravitate toward high-performance vehicles, the demand for cutting-edge drive shafts is poised for substantial growth. The drive shaft market is also propelled by the growing adoption of lightweight materials and advanced manufacturing methods. Automakers are intensi Show less Read more
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