Industrial Equipment Market Intelligence Solutions

Understand changing market dynamics and identify potential opportunities to boost your company’s value proposition

Request Proposal

 

Overview

With the changing dynamics of the industrial equipment market space, market players have been trying to predict the future of the industry and figure out how their companies can make the best out of potential opportunities. Additionally, with the advent of the Industrial Internet of Things (IIoT), market players have been compelled to maintain relevance and push their company’s value proposition.

Our ability to offer fresh market insights through a variety of research methods including structured, semi-structured, unstructured IDIs, and surveys help stakeholders across the value chain including procurement experts, buyers, customers, business executives, and market advisors make informed decisions to lower costs. We also combine our industry knowledge with a scrupulous analytical approach to offer stakeholders the strategic insights they need to achieve a genuine competitive advantage.

Introduction to our industrial equipment case studies

Market Landscape and Supply Chain Assessment Study on the Aluminum Propeller Shaft and Yoke Market

In recent years, OEMs have been focusing extensively on enhancing operational performance and drivability and ensuring safe transportation of cargo and passengers. Moreover, the growing acceptance of electric and hybrid vehicles and incorporation of smart and connected technologies in automobiles have encouraged manufacturers to improve power and drivetrain systems that comprise of components such as a clutch, transmission, propeller shaft, propeller shaft yoke, and rear axle. While the axle serves different functions of steering and transmission, a propeller shaft and yoke transmits torque and ensures rotation of drivetrain components.

Globally, there has been a significant increase in vehicle production to meet the demands of the population. However, since the economic crisis in 2008, the automotive industry has been in a state of recovery. This is one of the critical factors affecting the revenue sales of the propeller shaft and propeller shaft yoke. Moreover, growinga2 concern for fuel efficiency and strict norms imposed by the international emission control authorities have encouraged the OEMs and automotive component suppliers to develop lightweight propeller shaft without compromising on the performance. Also, a booming aftermarket demand for automotive propeller shaft and yoke from emerging countries is anticipated to spur the production of lightweight propeller shaft and yoke for the automotive industry. However, several challenges including a changing demand-supply landscape and constant fluctuation in global oil prices are expected to have an impact on the automobile manufacturing market.

Stringent government regulations and increasing consumer demands have propelled OEMs and suppliers to improve the efficiency of vehicles by reducing the overall weight. Suppliers are presently focusing on using lightweight materials, such as aluminum, with high tensile strength and durability while designing drivetrain components, including propeller shafts and yoke.

The Business Challenge

To get a holistic outlook of the market and assess the market dynamics of the aluminum propeller shaft and yoke market, the client – a leading chemical engineering firm well-known for its high-quality products– approached Infiniti to engage in a market landscape and supply chain assessment across North America. The scope of this market assessment engagement was to assess the market size, trends, growth prospects, and identify and evaluate key players including OEMs, Tier 1, Tier 2, and Tier 3 companies in the target region.

This market assessment study was carried out to help the client gain objective insights on the market potential of the aluminum propeller shaft and aluminum propeller shaft yoke and to strategize the company’s growth plans across the target segments. Additionally, this market assessment also aimed at helping the client gain a better understanding of the production location and current market shares, and identification and deep-dive assessment of the identified key players at different levels of the supply chain.

Infiniti’s dedicated market assessment team ensured quick execution and smooth process flow as the study progressed. The market assessment team had prior experience in working with the client and were familiar with the requirements and expectations during the various stages of the engagement. Furthermore, recent developments and innovations in the market were tracked through white papers and annual reports. The market assessment specialists also reached out to key stakeholders, including channel partners, business executives, dealers, traders, and suppliers to understand their views on the market. Our market assessment experts also engaged in discussions with industry experts to develop an in-depth understanding of market dynamics in each region or country under focus.

Solution Offered and Business Impact

A dedicated market assessment team with substantial experience in meeting the various information and analysis needs of leading global companies were assigned to this engagement to help the client understand the future growth prospects of their products. To address the challenges faced by the client, Infiniti’s market assessment team built market modeling methods for current and futuristic market forecasts after speaking to industry experts. The market sizing model was built on both top-down and bottom-up data to make robust estimations.

The market assessment experts also used a blend of multiple research methodologies to make initial hypotheses, develop an information and data points repository, and identify market stakeholders and business executives for primary research. Moreover, a scrupulous assessment was conducted through proprietary and open data sources, market research reports, white papers, magazines and publications, publications of traders and distributors, case-studies, journals/magazines, news aggregators, and industry forums. Additionally, to assess the current and emerging market trends and analyze the company’s growth prospects, our experts engaged in semi-structured interviews and discussions with business executives, industry specialists, and stakeholders from the automotive sector.

By the end of 11 weeks, the client – a globally recognized engineering company – was able to gain a better understanding of the aluminum propeller shaft and yoke market across North America. Additionally, the client saw several benefits in terms of understanding the overall aluminum propeller shaft and aluminum propeller yoke market size, the key vendors, and the contact details of the key stakeholders of each Tier 1 and OEMs under focus across the target region.

Benefits of Our Integrated Approach

In a relatively short period of 11 weeks, the client saw clear advantages from this engagement. The client gained a complete overview of the current market trends, market size, and the key players operating in different levels of the supply chain – OEMs, Tier 1, Tier2, and Tier 3 players. Additionally, an account intelligence study conducted by the experts also provided the client with the contact details of the key stakeholders of the Tier 1 operators and OEMs under focus, which benefitted the clients in terms of ROI.

Close
Infiti Logo

Hello there!

Contact us to know more about our cost-effective custom market research offerings to support efficient market penetration, new product launch, and devise strategies to monitor and outperform your competitors.

Cookie Policy

The Site uses cookies to record users' preferences in relation to the functionality of accessibility. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice