Market Overview:
The global automotive 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 growth of the global automotive propeller shaft market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, rising awareness about safety features in automobiles is also expected to boost the demand for automotive propeller shafts over the forecast period. On basis of type, single piece propeller shaft segment is anticipated to account for a major share of revenue in global automotive propeller shaft market throughout forecast period.
Product Definition:
The automotive propeller shaft is the device that transfers power from the engine to the rear axle of a vehicle. It is typically made of steel and consists of a central shaft with two or more universal joints that allow it to flex and bend as it travels through the car. The propeller shaft transmits torque from the engine to the wheels, allowing them to rotate and propel the car forward. It is an important part of any vehicle, as without it, power would not be transferred from the engine to the wheels.
Single Propeller Shaft:
Single propeller shaft is a type of drivetrain that consists of a single main shaft which carries all the weight and momentum of the vehicle. The propeller or fanshaft is rigidly mounted to this main shaft. There are usually two such propellers in a typical automobile engine, one for each bank of cylinders.
The advantages offered by this system are better fuel economy, less vibration & noise from the drivetrain.
Multi Piece Propeller Shaft:
Multi-piece propeller shaft is a type of drive shaft that consists of multiple sections or parts connected by splines. The main advantages associated with multi-piece propeller shafts are cost reduction and weight saving.
Application Insights:
Car application segment accounted for the largest share of over 70.0% in 2017. Rising demand for electric vehicles is expected to augment propeller shaft production, as they offer a cost-effective and efficient solution for vehicle electrification. Moreover, increasing government subsidies to promote the adoption of electric vehicles are further anticipated to drive market growth over the forecast period.
The truck application segment is expected register significant growth at a CAGR of XX% from 2018 to 2030 owing to its increased use in long haul applications where efficiency and payload matter more than passenger comfort or convenience provided by an automobile's interior design and equipment level offerings respectively.
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 manufacturers such as Toyota, Honda, Suzuki, Hyundai, Tata Motors and others. These companies are engaged in propeller shaft production for different applications by collaborating with original equipment manufacturers (OEMs).
The growth of automotive industry coupled with increasing sales of passenger vehicles in developing economies such as India and China is anticipated to drive demand over the forecast period. In addition, favorable government regulations aimed at promoting electric vehicles are expected to boost regional product demand over the next eight years.
Growth Factors:
- Increasing demand for lightweight vehicles: The automotive propeller shaft market is expected to benefit from the increasing demand for lightweight vehicles. This is because the use of a propeller shaft helps in reducing the weight of a vehicle, thereby improving its fuel efficiency.
- Rising demand for SUVs and luxury cars: The global SUV and luxury car markets are growing at a rapid pace, which is expected to drive the growth of the automotive propeller shaft market in the coming years.
- Growing popularity of electric vehicles: Electric vehicles are becoming increasingly popular due to their low emissions and fuel efficiency. This is likely to boost the growth of the automotive propeller shaft market in future.
- Technological advancements: Propeller shafts are becoming increasingly sophisticated with each passing day, owing to technological advancements such as carbon fiber composites and aluminum alloys being used in their construction instead of traditional materials like steel or iron alloys .This is likely to propelthegrowthoftheautomotivepropellershaftmarketinfutureyears.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Propeller Shaft Market Research Report
By Type
Single Propeller Shaft, Multi Piece Propeller Shaft
By Application
Car, Truck, Others
By Companies
Meritor, ZF Friedrichshafen AG, American Axle & Manufacturing Holdings, Dana Incorporated, GKN PLC, Showa Corporation, Hyundai Wia Corporation, Gestamp, JTEKT Corporation, IFA Rotorion-Holding GmbH, RSB Global
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Propeller Shaft Market Report Segments:
The global Automotive Propeller Shaft market is segmented on the basis of:
Types
Single Propeller Shaft, Multi Piece 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
Car, Truck, Others
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:
- Meritor
- ZF Friedrichshafen AG
- American Axle & Manufacturing Holdings
- Dana Incorporated
- GKN PLC
- Showa Corporation
- Hyundai Wia Corporation
- Gestamp
- JTEKT Corporation
- IFA Rotorion-Holding GmbH
- RSB Global
Highlights of The Automotive 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:
- Single Propeller Shaft
- Multi Piece Propeller Shaft
- By Application:
- Car
- Truck
- Others
- 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 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
- 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 propeller shaft is a metal or plastic shaft that connects the engine to the propellers. It transmits power from the engine to the propellers, and helps keep them in line as they rotate.
Some of the major companies in the automotive propeller shaft market are Meritor, ZF Friedrichshafen AG, American Axle & Manufacturing Holdings, Dana Incorporated, GKN PLC, Showa Corporation, Hyundai Wia Corporation, Gestamp, JTEKT Corporation, IFA Rotorion-Holding GmbH, RSB Global.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive 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 Propeller Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive 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 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 Propeller Shaft Market Size & Forecast, 2018-2028
4.5.1 Automotive Propeller Shaft Market Size and Y-o-Y Growth
4.5.2 Automotive Propeller Shaft Market Absolute $ Opportunity
Chapter 5 Global Automotive 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 Propeller Shaft Market Size Forecast by Type
5.2.1 Single Propeller Shaft
5.2.2 Multi Piece Propeller Shaft
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive 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 Propeller Shaft Market Size Forecast by Applications
6.2.1 Car
6.2.2 Truck
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive 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 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 Propeller Shaft Analysis and Forecast
9.1 Introduction
9.2 North America Automotive 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 Propeller Shaft Market Size Forecast by Type
9.6.1 Single Propeller Shaft
9.6.2 Multi Piece 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 Propeller Shaft Market Size Forecast by Applications
9.10.1 Car
9.10.2 Truck
9.10.3 Others
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 Propeller Shaft Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive 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 Propeller Shaft Market Size Forecast by Type
10.6.1 Single Propeller Shaft
10.6.2 Multi Piece 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 Propeller Shaft Market Size Forecast by Applications
10.10.1 Car
10.10.2 Truck
10.10.3 Others
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 Propeller Shaft Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive 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 Propeller Shaft Market Size Forecast by Type
11.6.1 Single Propeller Shaft
11.6.2 Multi Piece 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 Propeller Shaft Market Size Forecast by Applications
11.10.1 Car
11.10.2 Truck
11.10.3 Others
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 Propeller Shaft Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive 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 Propeller Shaft Market Size Forecast by Type
12.6.1 Single Propeller Shaft
12.6.2 Multi Piece 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 Propeller Shaft Market Size Forecast by Applications
12.10.1 Car
12.10.2 Truck
12.10.3 Others
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 Propeller Shaft Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive 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 Propeller Shaft Market Size Forecast by Type
13.6.1 Single Propeller Shaft
13.6.2 Multi Piece 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 Propeller Shaft Market Size Forecast by Applications
13.10.1 Car
13.10.2 Truck
13.10.3 Others
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 Propeller Shaft Market: Competitive Dashboard
14.2 Global Automotive Propeller Shaft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Meritor
14.3.2 ZF Friedrichshafen AG
14.3.3 American Axle & Manufacturing Holdings
14.3.4 Dana Incorporated
14.3.5 GKN PLC
14.3.6 Showa Corporation
14.3.7 Hyundai Wia Corporation
14.3.8 Gestamp
14.3.9 JTEKT Corporation
14.3.10 IFA Rotorion-Holding GmbH
14.3.11 RSB Global
