Market Overview:
The global prop-shaft assembly 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 rigid shaft type segment is expected to account for the majority share of the global prop-shaft assembly market during the forecast period. The passenger vehicle application segment is anticipated to register highest CAGR over the forecast period. North America dominates the global prop-shaft assembly market, followed by Europe and Asia Pacific.
Product Definition:
A prop-shaft assembly is a device that transmits power from the engine to the propeller. It consists of a shaft, a coupling, and a yoke. The shaft connects the engine to the propeller, and the coupling transfers power from the shaft to the yoke. The yoke then transfers power from the coupling to the propeller.
Rigid Shaft:
Rigid shafts are used in assembly of various types of machinery and equipment. They are manufactured from high-grade carbon steel or alloy materials to withstand the external forces applied to them during usage. Rigid shafts consist of a hollow core that is filled with an elastomeric material such as rubber, PVC, EPDM (ethylene propylene diene monomer), nitrile rubber or silicone rubber.
Hollow Shaft:
Hollow shaft and it’s usage in prop-shaft assembly consists of a hollow metal tube that is used to transmit power from the engine to the propeller. The hollow portion of the shaft acts as a resonance chamber for sound generated by the spinning of the propeller.
The market size for Hollow Shaft.
Application Insights:
Passenger vehicle application segment accounted for the largest share of more than 60.0% in 2017. The growth can be attributed to increasing demand for passenger vehicles, especially from developing countries such as China and India, due to rising income levels coupled with easy access to loans. Moreover, stringent regulations regarding emission control in developed economies will also boost prop-shaft assemblies consumption over the forecast period.
Commercial vehicle application segment is expected register a CAGR of XX% from 2018 to 2030 owing to increased government spending on infrastructure projects and emphasis on improving road connectivity leading to an increase in commercial traffic across countries including Brazil, Russia.
Prop-shaft assembly consists of various components such as transmission case/housing; shaft; planetary gear box; clutch pack; prop shafts & bearings etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing production of passenger vehicles and commercial vehicles in China, India, Japan, and South Korea. In 2017, Asia Pacific accounted for a share of more than 30% in terms of global production. Moreover, rising disposable income levels coupled with increased consumer spending on transportation is projected to fuel product demand further over the coming years.
Europe was estimated at USD X billion in 2017 owing to high demand from countries such as Germany and France that are home to major automobile manufacturers including Daimler AG; Mercedes-Benz AG; BMW Group; Volkswagen Group (VAG); Ford Motor Company Europe GmbH.; Opel General Motors Co., Ltd.; Fiat Chrysler Automobiles N.A.; Porsche Automobile Sales Austria GmbH & Co., Ltd.; Ferrari SPA; Maserati SPA; Alfa Romeo SPA etc.).
Growth Factors:
- Increasing demand for prop-shaft assemblies in the automotive industry as a result of the increasing production of passenger cars and commercial vehicles.
- Growing demand for prop-shaft assemblies from the off-highway equipment market due to the increasing production of construction and agricultural equipment.
- Rising popularity of all-wheel drive (AWD) vehicles, which require prop-shaft assemblies for optimum performance.
- Technological advancements in prop shaft assembly manufacturing that have resulted in improved quality and durability of these components.
Scope Of The Report
Report Attributes
Report Details
Report Title
Prop-shaft Assembly Consists Market Research Report
By Type
Rigid Shaft, Hollow Shaft
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
GKN, Dana, IFA Rotorion, AAM, Meritor, YODON, Neapco, Wanxiang, JTEKT, Showa
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Prop-shaft Assembly Consists Market Report Segments:
The global Prop-shaft Assembly Consists market is segmented on the basis of:
Types
Rigid Shaft, Hollow 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
- Dana
- IFA Rotorion
- AAM
- Meritor
- YODON
- Neapco
- Wanxiang
- JTEKT
- Showa
Highlights of The Prop-shaft Assembly Consists 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:
- Rigid Shaft
- Hollow 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 Prop-shaft Assembly Consists 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.
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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?
A prop-shaft assembly is a component of an aircraft that helps to move the propeller.
Some of the major players in the prop-shaft assembly consists market are GKN, Dana, IFA Rotorion, AAM, Meritor, YODON, Neapco, Wanxiang, JTEKT, Showa.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Prop-shaft Assembly Consists 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 Prop-shaft Assembly Consists Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Prop-shaft Assembly Consists 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 Prop-shaft Assembly Consists 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 Prop-shaft Assembly Consists Market Size & Forecast, 2020-2028
4.5.1 Prop-shaft Assembly Consists Market Size and Y-o-Y Growth
4.5.2 Prop-shaft Assembly Consists Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Rigid Shaft
5.2.2 Hollow Shaft
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 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 Prop-shaft Assembly Consists 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 Prop-shaft Assembly Consists 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Rigid Shaft
9.6.2 Hollow 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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Rigid Shaft
10.6.2 Hollow 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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Rigid Shaft
11.6.2 Hollow 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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Rigid Shaft
12.6.2 Hollow 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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Rigid Shaft
13.6.2 Hollow 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) 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 Prop-shaft Assembly Consists Market: Competitive Dashboard
14.2 Global Prop-shaft Assembly Consists Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 Dana
14.3.3 IFA Rotorion
14.3.4 AAM
14.3.5 Meritor
14.3.6 YODON
14.3.7 Neapco
14.3.8 Wanxiang
14.3.9 JTEKT
14.3.10 Showa
