Automotive and Transportation Automotive Axle & Propeller Shaft Market

The Global Automotive Axle and Propeller Shaft Market is projected to grow at a CAGR 2.69% rate during the forecast period. Growing global vehicle production, increasing demand for luxury vehicles, and commercialization of new technologies towards light-weighting of the overall vehicle is expected to drive axle and propeller shaft market. The single piece is estimated to be the largest market for automotive propeller shaft market during the forecast period. The single piece propeller shaft is usually preferred in light-duty vehicles owing to the lesser distance between the engine and the rear axle along with benefits such as minimal frictional as well as mechanical losses. Also, these single piece shafts are lighter in weight than multi-piece, which offers efficient performance at a higher speed. Due to these factors, the single piece propeller shaft holds the largest share during the forecast period.

Live axle segment is expected to be the largest market, by axle type, during the forecast period. Increasing focus towards optimizing vehicle performance and delivering higher torque would augment the live axle market. Also, growing vehicle production, as well as engineering advancements to cater to the changing customers need, would drive the market.

Alloy is estimated to be the highest consumed material during the forecast period. A majority of passenger car and light commercial vehicle are installed with propeller shaft made up of alloy material owing to its benefits such as satisfactory strength, stiffness, and lower cost.

Europe is estimated to be the second largest and established market for axles and propeller shafts and is projected to witness stable growth in the coming years. A major growth driver is expected to be stringent fuel-economy norms which would encourage research activities to develop lightweight solutions for vehicles. The increased production level in Germany, the UK, and France, along with the rise in premium vehicle sales, are estimated to drive the demand for axles and propeller shafts.

Key Market Players ZF Friedrichshafen AG (Germany), Dana Incorporated (US), GKN PLC (UK), American Axle & Manufacturing, Inc. (US), Meritor, Inc. (U.S.), Showa Corporation (Japan), Hyundai Wia Corporation (South Korea), JTEKT Corporation (Japan), and GKN plc (UK).

Key Questions addressed by the report

  • What is the market size of the automotive axle and propeller shaft market in different regions in 2019? What would be the regional growth rate during the next seven years?
  • The study indicates that the live axle dominates the axle market. How the demand is anticipated to be significant in the next few years.
  • The study indicates that a single piece holds the maximum share of automotive propeller shaft market. How would the upcoming regulatory changes and market trends impact the usage of materials for shaft manufacturing? What would be the regional growth rate for the next seven years?
  • What are the current market dynamics and pricing trends in the automotive axle and propeller shaft market?
  • What is the average selling price of live, dead, and tandem axle for different vehicle types? Also, what are the average cost of a single piece and multi-piece propeller shaft?

  1. Introduction
  2. Market Definition
  3. Study Scope
  4. Study Period
  5. Market Stakeholders
  6. Research Methodology
  7. Secondary Research
  8. Primary Research
  9. Research Design
  10. Data Validation
  11. Limitations and Assumptions
  12. Market Dynamics
  13. Drivers
  14. Growth in Vehicle Production
  15. Technological Advancements
  16. Changing End User Preference
  17. Challenges
  18. Weight and Cost Reduction
  19. Opportunities
  20. Growing Market for AWD Vehicles
  21. Growing Demand for Aluminum Propeller Shaft
  22. Ongoing Trend for E-Mobility
  23. Executive Summary
  24. Automotive Axle Market, By Type
  25. Dead
  26. Live
  27. Tandem
  28. Automotive Axle Market, By Position
  29. Front
  30. Rear
  31. Automotive Propeller Shaft Market, By Type
  32. Single Piece
  33. Multiple Piece
  34. Passenger Car Propeller Shaft Market, By Material
  35. Alloy
  36. Carbon Fiber
  37. Automotive Axle and Propeller Shaft Market, By Region
  38. Asia Oceania
  39. China
  40. Japan
  41. South Korea
  42. India
  43. Rest of Asia Oceania
  44. Europe
  45. Germany
  46. France
  47. UK
  48. Spain
  49. Poland
  50. Slovakia
  51. Rest of Europe
  52. North America
  53. US
  54. Canada
  55. Mexico
  56. RoW
  57. South Africa
  58. Brazil
  59. Argentina
  60. Russia
  61. Rest of RoW
  62. Company Profiles
  63. ZF Friedrichshafen AG
  64. GKN Plc
  65. Dana Incorporated
  66. American Axle & Manufacturing Holdings, Inc.
  67. Meritor, Inc.
  68. Showa Corporation
  69. Hyundai Wia Corporation
  70. Gestamp
  71. Jtekt Corporation
  72. Ifa Rotorion Holding Gmbh

*Company introduction, financial information, recent developments, SWOT analysis

  1. Conclusion and Recommendations
  2. Appendix
  3. About
  4. Related Reports
  5. Glossary 

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