Market Overview:
The global automotive prop 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%. The growth of the global automotive prop shaft market can be attributed to the increasing demand for passenger vehicles and commercial vehicles. The passenger vehicle segment is anticipated to account for a major share of the global automotive prop shaft market during the forecast period. This can be attributed to the increasing demand for luxury cars and SUVs across regions. The commercial vehicle segment is also expected to witness significant growth during the forecast period, owing to rising demand from logistics and transportation companies. In terms of region, North America dominates the global automotive prop shaft market followed by Europe and Asia Pacific.
Product Definition:
The automotive prop shaft is a metal shaft that connects the engine to the rear axle on a car or truck. It transfers power from the engine to the wheels, making it possible for the vehicle to move. The automotive prop shaft is typically made of steel or aluminum and is very strong and durable.
Half Shaft:
Half shaft is a structural component of automotive propeller shafts. It is the shorter and thinner half of the propeller shaft that connects the gearbox to the rear differential. The main function of half-shafts is to transfer power from the engine to drive wheels through a differential, thus allowing free movement of tires on differentials.
Propeller Shaft:
The propeller shaft is a central part of the engine, which consists of a hollow cylindrical member with several smaller diameter tubes or bearings mounted on it. The propeller shaft connects the crankshaft to the accessories and speeds up and down as per requirements.
The main function of this device is to transmit power from the crankshaft to all internal components without any interruption due to speed changes in transmission systems.
Application Insights:
The passenger vehicle segment accounted for the largest share of over 60.0% in 2017. The growing demand for passenger vehicles is expected to have a positive impact on the industry growth over the forecast period. In addition, increasing penetration of electric and hybrid vehicles across major economies including U.S., China, Germany and Japan is expected to propel industry growth over the forecast period.
Commercial vehicle prop shafts are used in trucks, buses and other forms of commercial transport such as railway cars or ships etc., Increasing demand from construction sector is anticipated to drive market growth over the coming years owing to rising use of these products in heavy-duty applications such as cement mixer trucks or concrete mixer buses among others which are widely used across various regions especially in Asia Pacific region due to high product quality standards required by end-users resulting into higher adoption rate among OEMs & Original Equipment Manufacturers (OEMs).
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major automobile manufacturing hubs, such as China, Japan, India and South Korea. Increasing demand for automobiles across these countries has resulted in increased production of prop shafts over the past few years. Furthermore, rising disposable income levels coupled with increasing consumer preference towards premium vehicles are likely to drive growth across this region during the forecast period.
Europe accounted for a significant market share in terms of both volume and revenue owing to high demand from automotive manufacturers located there along with Germany being one of Europe’s top five exporters at present. However, Latin America may emerge as a potential regional market due to rapid economic development taking place within it especially within Brazil which ranks third globally when it comes to automotive production volumes after China and Mexico according top statistics by OICA (International Organization of Motor Vehicle Manufacturers).
Growth Factors:
- Increasing demand for automobiles: The global automotive prop shaft market is expected to grow at a CAGR of 5.5% during the forecast period. This growth can be attributed to the increasing demand for automobiles, especially in developing countries such as China and India.
- Rising disposable income: The rise in disposable income has led to an increase in the demand for luxury cars, which use high-quality prop shafts. This is expected to drive the growth of the automotive prop shaft market during the forecast period.
- Technological advancements: The development of new materials and technologies has led to an increase in the efficiency and performance of automotive prop shafts, thereby driving their adoption across different vehicle segments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Prop Shaft Market Research Report
By Type
Half Shaft, Propeller Shaft
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
GKN, NTN, JTEKT, SDS, Dana, Nexteer, IFA Rotorion, AAM, Wanxiang Qianchao, Neapco, Hyundai-Wia, Yodon, Showa, Fawer Automotive Parts, GSP Automotive Group
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Prop Shaft Market Report Segments:
The global Automotive Prop Shaft market is segmented on the basis of:
Types
Half Shaft, Propeller Shaft
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
Passenger Vehicle, Commercial Vehicle
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:
- GKN
- NTN
- JTEKT
- SDS
- Dana
- Nexteer
- IFA Rotorion
- AAM
- Wanxiang Qianchao
- Neapco
- Hyundai-Wia
- Yodon
- Showa
- Fawer Automotive Parts
- GSP Automotive Group
Highlights of The Automotive Prop 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:
- Half Shaft
- Propeller Shaft
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Prop 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
- Business Expansion Strategies
- 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 prop shaft is a component of an engine that helps to transfer power from the crankshaft to the wheels. It consists of a number of gears and bearings, and typically attaches to the crankcase or transmission.
Some of the major players in the automotive prop shaft market are GKN, NTN, JTEKT, SDS, Dana, Nexteer, IFA Rotorion, AAM, Wanxiang Qianchao, Neapco, Hyundai-Wia, Yodon, Showa, Fawer Automotive Parts, GSP Automotive Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Prop 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 Prop Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Prop 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 Prop 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 Prop Shaft Market Size & Forecast, 2018-2028
4.5.1 Automotive Prop Shaft Market Size and Y-o-Y Growth
4.5.2 Automotive Prop Shaft Market Absolute $ Opportunity
Chapter 5 Global Automotive Prop 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 Prop Shaft Market Size Forecast by Type
5.2.1 Half Shaft
5.2.2 Propeller Shaft
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Prop 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 Prop Shaft Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Prop 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 Prop 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 Prop Shaft Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Prop 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 Prop Shaft Market Size Forecast by Type
9.6.1 Half Shaft
9.6.2 Propeller Shaft
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 Prop Shaft Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Prop Shaft Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Prop 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 Prop Shaft Market Size Forecast by Type
10.6.1 Half Shaft
10.6.2 Propeller Shaft
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 Prop Shaft Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Prop Shaft Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Prop 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 Prop Shaft Market Size Forecast by Type
11.6.1 Half Shaft
11.6.2 Propeller Shaft
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 Prop Shaft Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Prop Shaft Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Prop 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 Prop Shaft Market Size Forecast by Type
12.6.1 Half Shaft
12.6.2 Propeller Shaft
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 Prop Shaft Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
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 Prop Shaft Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Prop 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 Prop Shaft Market Size Forecast by Type
13.6.1 Half Shaft
13.6.2 Propeller Shaft
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 Prop Shaft Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Prop Shaft Market: Competitive Dashboard
14.2 Global Automotive Prop Shaft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 NTN
14.3.3 JTEKT
14.3.4 SDS
14.3.5 Dana
14.3.6 Nexteer
14.3.7 IFA Rotorion
14.3.8 AAM
14.3.9 Wanxiang Qianchao
14.3.10 Neapco
14.3.11 Hyundai-Wia
14.3.12 Yodon
14.3.13 Showa
14.3.14 Fawer Automotive Parts
14.3.15 GSP Automotive Group
