Market Overview:
The global automotive axle and propeller shaft market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The global automotive axle and propeller shaft market is segmented on the basis of type, application, and region. On the basis of type, the global automotive axle and propeller shaft market is segmented into alloy axles & propeller shafts and carbon fiber axles & propeller shafts. Alloy axles are projected to account for a larger share of the global automotive axle and propeller shaft market than carbon fiber axles during the forecast period. This can be attributed to their superior properties such as high strength-to-weight ratio, corrosion resistance, etc., which make them suitable for use in commercial vehicles as well as passenger cars. Carbon fiber axles are comparatively lighter than alloy ones; however, they are expensive which restrains their adoption in mass-market vehicles.
Product Definition:
An automotive axle (or car axle) is a component of a motor vehicle that provides torque to the driving wheels. The axles in front-wheel drive cars are typically located beneath the engine, while the axles on rear-wheel drive cars are typically located near or at the back of the car.
A propeller shaft is a mechanical component for transmitting torque and rotation, usually from an engine to a driveshaft connecting to wheels.
Alloy:
Alloy is a mixture of metals that are mixed in different proportions and used for manufacturing various components. The most common alloys are steel, aluminum, titanium, magnesium and copper alloys. Some other less common but important alloy types include nickel-titanium (nitinol), iron-chromium (FeCr) and cobalt-tungsten (CoW).
The key properties of an alloy include high strength & hardness along with corrosion resistance & good ductility.
Carbon Fiber:
Carbon fiber is a material that exhibits special properties when compared to the common fibers. It has high tensile strength, low thermal expansion, and good weight reduction. The primary reason it is preferred over other materials in the automotive industry is its ability to reduce vehicular weight which results in improved fuel efficiency and reduced emissions from vehicles.
Application Insights:
The commercial vehicle application segment accounted for the largest revenue share of over 60% in 2017. The demand for commercial vehicles is generally higher than that of passenger cars due to the need for longer ranges and increased load capacity. Moreover, governments across various regions have implemented policies encouraging the use of public transport systems over private automobiles, further driving the growth. For instance, in 2016 China launched a new policy called ¢â‚¬Å“Nationally Eligible Vehicle (NEV) Credit Scheme¢â‚¬ which provides subsidies to manufacturers who elect electric or hybrid vehicles as part of their production plans. This initiative is expected to boost sales of EVs such as HEVs and PHEVs over conventional gasoline-powered cars by around 20%.
Global automotive axle.
Passenger car applications include both light.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth owing to increasing demand from developing countries such as India and China. In addition, rising disposable income levels and changing consumer preferences are anticipated to fuel the regional market growth over the forecast period.
The European market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% during the forecast period on account of growing automotive production coupled with favorable government policies supporting innovation & technology development within Europe's automotive sector. Moreover, stringent emission norms implemented by various governments across Europe are expected to drive axle production in this region over the next eight years till 2030 AD (Year-on-Year).
North America accounted for a major share in terms of revenue due mainlyto high demand from passenger cars application segment which forms around 60% or more revenue share for axles produced globally every year (based on volume).
Growth Factors:
- Increasing demand for lightweight vehicles: The automotive axle and propeller shaft market is expected to grow in the coming years owing to the increasing demand for lightweight vehicles. This is because lighter cars consume less fuel and result in lower emissions.
- Rising demand from emerging markets: The automotive axle and propeller shaft market is expected to grow rapidly in emerging markets such as China, India, and Brazil due to the rising disposable income of consumers and the increasing number of passenger cars being sold in these countries.
- Growing popularity of SUVs: SUV sales are growing at a rapid pace across the world, which is driving growth in the automotive axle and propeller shaft market. SUVs require more robust axles than other types of passenger cars, thus leading to an increase in demand for axles and propeller shafts from this segment of the market.
- Proliferation of electric vehicles: Electric vehicles do not have an internal combustion engine like traditional gasoline-powered cars do; hence they require different types of axles that can handle higher torque loads without breaking down prematurely or overheating quickly – a challenge that current axle manufacturers are working on solving currently.. As electric vehicle sales continue to rise, so will demand for better quality axles specifically designed for these applications.. This will spur growth in th eautomotive axleandpropellershaftmarketin thenear future . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Axle and Propeller Shaft Market Research Report
By Type
Alloy, Carbon Fiber
By Application
Commercial Vehicle, Passenger Car
By Companies
ZF, Dana Incorporated, GKN, American Axle & Manufacturing, Meritor, Mark Williams Enterprises Inc., White Technologies Inc., Johnson Power Ltd, Wilson Drive Shafts, Nexteer Automotive, D & F Propshafts, Bailey Morris Ltd, SHOWA Corporation, HYUNDAI WIA CORP, Gestamp, JTEKT Corporation, IFA Group, Automotive Axles Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Axle and Propeller Shaft Market Report Segments:
The global Automotive Axle and Propeller Shaft market is segmented on the basis of:
Types
Alloy, Carbon Fiber
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Vehicle, Passenger Car
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ZF
- Dana Incorporated
- GKN
- American Axle & Manufacturing
- Meritor
- Mark Williams Enterprises Inc.
- White Technologies Inc.
- Johnson Power Ltd
- Wilson Drive Shafts
- Nexteer Automotive
- D & F Propshafts
- Bailey Morris Ltd
- SHOWA Corporation
- HYUNDAI WIA CORP
- Gestamp
- JTEKT Corporation
- IFA Group
- Automotive Axles Limited
Highlights of The Automotive Axle and Propeller Shaft Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Alloy
- Carbon Fiber
- By Application:
- Commercial Vehicle
- Passenger Car
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Axle and Propeller Shaft Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive axle is a component of the vehicle that connects the wheels to the axles. It also provides support for the car's suspension and steering. A propeller shaft is a long, thin shaft that transfers power from an engine to propellers on an aircraft or boat.
Some of the major players in the automotive axle and propeller shaft market are ZF, Dana Incorporated, GKN, American Axle & Manufacturing, Meritor, Mark Williams Enterprises Inc., White Technologies Inc., Johnson Power Ltd, Wilson Drive Shafts, Nexteer Automotive, D & F Propshafts, Bailey Morris Ltd, SHOWA Corporation, HYUNDAI WIA CORP, Gestamp, JTEKT Corporation, IFA Group, Automotive Axles Limited.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Axle and Propeller Shaft Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Axle and Propeller Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Axle and Propeller Shaft Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Axle and Propeller Shaft Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Axle and Propeller Shaft Market Size & Forecast, 2018-2028
4.5.1 Automotive Axle and Propeller Shaft Market Size and Y-o-Y Growth
4.5.2 Automotive Axle and Propeller Shaft Market Absolute $ Opportunity
Chapter 5 Global Automotive Axle and Propeller Shaft Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Axle and Propeller Shaft Market Size Forecast by Type
5.2.1 Alloy
5.2.2 Carbon Fiber
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Axle and Propeller Shaft Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Axle and Propeller Shaft Market Size Forecast by Applications
6.2.1 Commercial Vehicle
6.2.2 Passenger Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Axle and Propeller Shaft Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Axle and Propeller Shaft Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Axle and Propeller Shaft Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Axle and Propeller Shaft Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Axle and Propeller Shaft Market Size Forecast by Type
9.6.1 Alloy
9.6.2 Carbon Fiber
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Axle and Propeller Shaft Market Size Forecast by Applications
9.10.1 Commercial Vehicle
9.10.2 Passenger Car
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Axle and Propeller Shaft Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Axle and Propeller Shaft Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Axle and Propeller Shaft Market Size Forecast by Type
10.6.1 Alloy
10.6.2 Carbon Fiber
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Axle and Propeller Shaft Market Size Forecast by Applications
10.10.1 Commercial Vehicle
10.10.2 Passenger Car
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Axle and Propeller Shaft Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Axle and Propeller Shaft Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Axle and Propeller Shaft Market Size Forecast by Type
11.6.1 Alloy
11.6.2 Carbon Fiber
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Axle and Propeller Shaft Market Size Forecast by Applications
11.10.1 Commercial Vehicle
11.10.2 Passenger Car
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Axle and Propeller Shaft Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Axle and Propeller Shaft Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Axle and Propeller Shaft Market Size Forecast by Type
12.6.1 Alloy
12.6.2 Carbon Fiber
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Axle and Propeller Shaft Market Size Forecast by Applications
12.10.1 Commercial Vehicle
12.10.2 Passenger Car
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Axle and Propeller Shaft Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Axle and Propeller Shaft Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Axle and Propeller Shaft Market Size Forecast by Type
13.6.1 Alloy
13.6.2 Carbon Fiber
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Axle and Propeller Shaft Market Size Forecast by Applications
13.10.1 Commercial Vehicle
13.10.2 Passenger Car
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Axle and Propeller Shaft Market: Competitive Dashboard
14.2 Global Automotive Axle and Propeller Shaft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZF
14.3.2 Dana Incorporated
14.3.3 GKN
14.3.4 American Axle & Manufacturing
14.3.5 Meritor
14.3.6 Mark Williams Enterprises Inc.
14.3.7 White Technologies Inc.
14.3.8 Johnson Power Ltd
14.3.9 Wilson Drive Shafts
14.3.10 Nexteer Automotive
14.3.11 D & F Propshafts
14.3.12 Bailey Morris Ltd
14.3.13 SHOWA Corporation
14.3.14 HYUNDAI WIA CORP
14.3.15 Gestamp
14.3.16 JTEKT Corporation
14.3.17 IFA Group
14.3.18 Automotive Axles Limited
