Market Overview:
The global propshaft universal joint 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 propshaft universal joint market is segmented on the basis of type, application and region. On the basis of type, the global propshaft universal joint market is segmented into OEM and aftermarket segments. The OEM segment is expected to account for a major share of the global propshaft universal joint market in 2018. However, the aftermarket segment is projected to register higher growth rates during the forecast period owing to increasing demand for replacement parts from end-users across regions. On the basis of application, commercial vehicles and passenger cars are two key segments considered in this study., across different regions worldwide .
Product Definition:
A propshaft universal joint (U-joint) is a coupling device used to connect two shafts that are not collinear. The U-joint allows for misalignment between the shafts, and compensates for changes in their relative positions.
OEM:
OEM is short for original equipment. It's a term used in the automotive industry to refer to products manufactured specifically for a particular vehicle. For example, if you buy an engine from Ford Motors and install it in your car, then that would be considered OEM (the engine). In the case of PUSJ, it means Propshaft Universal Joint.
Aftermarket:
Aftermarket is the second hand or used parts of machinery which are remanufactured and made available for use in new machines. In the automotive industry, it includes all components other than those manufactured by original equipment manufacturer (OEM). Aftermarket can be segmented into two categories as per usage: replacement parts and repair & maintenance parts.
Application Insights:
The commercial vehicle segment led the global propshaft universal joint market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for trucks, buses, coaches and other forms of passenger vehicles in developing countries such as India, China and Brazil. In addition, factors such as growing construction activities across major economies are expected to drive product demand in commercial vehicles over the coming years.
Passenger car application accounted for a significant share of the global revenue in 2017 owing to high consumer spending on automobiles from developed countries like Germany, U.K.
Regional Analysis:
Asia Pacific dominated the global propshaft universal joint market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth owing to increasing automotive production and sales, coupled with rising investments by OEMs for developing advanced vehicles.
The growing population and rapid urbanization have led to an increase in the number of commercial vehicles on roads, which has further increased demand for prop shaft universal joints across various applications such as buses, trucks, tractors etc., thereby driving regional market growth over the forecast period.
Europe accounted for more than 20% share of global revenue in 2017 owing to high demand from passenger cars and light commercial Vehicles (LCVs) application segment due to stringent government regulations regarding fuel economy along with CO2 emissions & safety standards that mandate use of certain Prop Shaft Universal Joints (PSUJs).
Growth Factors:
- Increasing demand for automobiles: The global population is increasing and with it the demand for automobiles. This will drive the growth of the propshaft universal joint market as more vehicles require these components.
- Technological advancements: The automotive industry is constantly evolving and with it new technologies are being developed that improve the performance of propshaft universal joints. This will spur growth in the market as consumers seek out these newer products.
- Rising income levels: As incomes rise, people have more money to spend on luxury items such as cars. This will lead to an increase in demand for automobiles, which in turn will boost sales of propshaft universal joints.
Scope Of The Report
Report Attributes
Report Details
Report Title
Propshaft Universal Joint Market Research Report
By Type
OEM, Aftermarket
By Application
Commercial Vehicle, Passenger Car
By Companies
JTEKT, Dana, GKN, AAM, IFA Rotorion, Wanxiang, Hangzhou Zhengqiang Corporation, YODON, GMB Corporation, Matsui Universal Joint
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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Propshaft Universal Joint Market Report Segments:
The global Propshaft Universal Joint market is segmented on the basis of:
Types
OEM, Aftermarket
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:
- JTEKT
- Dana
- GKN
- AAM
- IFA Rotorion
- Wanxiang
- Hangzhou Zhengqiang Corporation
- YODON
- GMB Corporation
- Matsui Universal Joint
Highlights of The Propshaft Universal Joint 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:
- OEM
- Aftermarket
- 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 Propshaft Universal Joint 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 Propshaft Universal Joint is a type of joint that allows for the movement of two or more pieces of equipment, such as a shaft and propeller, without the need for additional parts.
Some of the key players operating in the propshaft universal joint market are JTEKT, Dana, GKN, AAM, IFA Rotorion, Wanxiang, Hangzhou Zhengqiang Corporation, YODON, GMB Corporation, Matsui Universal Joint.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Propshaft Universal Joint 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 Propshaft Universal Joint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Propshaft Universal Joint 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 Propshaft Universal Joint 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 Propshaft Universal Joint Market Size & Forecast, 2018-2028
4.5.1 Propshaft Universal Joint Market Size and Y-o-Y Growth
4.5.2 Propshaft Universal Joint Market Absolute $ Opportunity
Chapter 5 Global Propshaft Universal Joint 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 Propshaft Universal Joint Market Size Forecast by Type
5.2.1 OEM
5.2.2 Aftermarket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Propshaft Universal Joint 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 Propshaft Universal Joint 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 Propshaft Universal Joint 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 Propshaft Universal Joint 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 Propshaft Universal Joint Analysis and Forecast
9.1 Introduction
9.2 North America Propshaft Universal Joint 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 Propshaft Universal Joint Market Size Forecast by Type
9.6.1 OEM
9.6.2 Aftermarket
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 Propshaft Universal Joint 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 Propshaft Universal Joint Analysis and Forecast
10.1 Introduction
10.2 Europe Propshaft Universal Joint 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 Propshaft Universal Joint Market Size Forecast by Type
10.6.1 OEM
10.6.2 Aftermarket
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 Propshaft Universal Joint 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 Propshaft Universal Joint Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Propshaft Universal Joint 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 Propshaft Universal Joint Market Size Forecast by Type
11.6.1 OEM
11.6.2 Aftermarket
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 Propshaft Universal Joint 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 Propshaft Universal Joint Analysis and Forecast
12.1 Introduction
12.2 Latin America Propshaft Universal Joint 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 Propshaft Universal Joint Market Size Forecast by Type
12.6.1 OEM
12.6.2 Aftermarket
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 Propshaft Universal Joint 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) Propshaft Universal Joint Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Propshaft Universal Joint 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) Propshaft Universal Joint Market Size Forecast by Type
13.6.1 OEM
13.6.2 Aftermarket
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) Propshaft Universal Joint 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 Propshaft Universal Joint Market: Competitive Dashboard
14.2 Global Propshaft Universal Joint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JTEKT
14.3.2 Dana
14.3.3 GKN
14.3.4 AAM
14.3.5 IFA Rotorion
14.3.6 Wanxiang
14.3.7 Hangzhou Zhengqiang Corporation
14.3.8 YODON
14.3.9 GMB Corporation
14.3.10 Matsui Universal Joint
