Market Overview:
The global propeller shafts 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 propeller shafts market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, rising awareness about safety features in automobiles is also expected to fuel the growth of the global propeller shafts market over the forecast period. On basis of type, single piece segment accounted for major share in terms revenue in 2017 and is anticipated grow at significant rate over next few years owing its low installation cost as compared two piece and three piece segments. Passenger vehicle application dominates overall demand for propeller shafts globally followed by commercial vehicle application respectively due high sales volume of passenger cars as compared trucks & buses sales volume across different regions worldwide.
Product Definition:
A propeller shaft is a rotating shaft that transmits power from an engine or motor to a propeller. The importance of propeller shafts is that they transmit power from the engine to the propeller, which allows the aircraft to move.
Single Piece:
Single piece is a propeller shaft made up of one-piece metal or plastic. It reduces the number of fasteners used in the assembly, which results in reduced weight and increased efficiency. The reduction in fasteners also helps to reduce vibrations, noise and heat generation from the engine as well as other parts of the aircraft.
Two Piece:
The two-piece prop shafts are manufactured as a complete unit that includes the main shaft and the propeller. The market for these products is driven by factors such as increasing demand for commercial aircraft, rising number of helicopters in military applications, and growing popularity of light-aircraft manufacturing.
In addition to this, technological advancements have led to an increase in efficiency of these products which has further propelled growth opportunities.
Application Insights:
The passenger vehicle application segment accounted for the largest share of over 50.0% in 2017 and is expected to continue its dominance over the forecast period. The growing demand for propeller shafts in light of rising sales of passenger vehicles is anticipated to drive growth during the forecast period.
Propeller shafts are manufactured from high-grade materials, which ensure durability and efficiency in both commercial and passenger vehicles, thereby driving their demand across regions. Furthermore, increasing penetration of four-wheelers with two-, three- and four-wheel drives is projected to propel market growth during the study period owing to increased utility as well as recreational activities among youth population across countries such as India, China Japan etc., which will further boost product demand over next eight years or so till 2030 globally speaking.
Regional Analysis:
Asia Pacific propeller shafts market dominated the global industry and accounted for over 40% of the revenue share in 2016. The region is expected to continue its dominance over the forecast period, with China at the forefront. The growth of this region can be attributed to increasing demand from developing countries such as India, Indonesia, and Vietnam. Furthermore, rising investments by OEMs in emerging markets are anticipated to drive product demand further.
The Asia Pacific regional market is characterized by high propeller shaft production volumes coupled with moderate unit sales rates on account of low vehicle ownership levels compared to developed regions such as North America and Europe.
Growth Factors:
- Increasing demand for propeller shafts in the marine industry as it helps in improving the efficiency of the vessel.
- Growing popularity of recreational boats and yachts, which is expected to boost the demand for propeller shafts over the forecast period.
- Rising investments by OEMs in research and development activities to develop advanced propeller shaft technologies that offer improved performance and fuel efficiency.
- Proliferation of electric vehicles (EV) is anticipated to create new opportunities for growth of propeller shaft market over next few years owing to increasing demand from this segment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Propeller Shafts Market Research Report
By Type
Single Piece, Two Piece, Three Piece
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
GKN, NTN, Dana, Nexteer, Hyundai-Wia, IFA Rotorion, AAM, JTEKT, Neapco, Meritor, Showa, Seohan Group, HITACHI, Dongfeng
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Propeller Shafts Market Report Segments:
The global Propeller Shafts market is segmented on the basis of:
Types
Single Piece, Two Piece, Three Piece
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
- Dana
- Nexteer
- Hyundai-Wia
- IFA Rotorion
- AAM
- JTEKT
- Neapco
- Meritor
- Showa
- Seohan Group
- HITACHI
- Dongfeng
Highlights of The Propeller Shafts 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 Piece
- Two Piece
- Three Piece
- 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 Propeller Shafts 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?
Propeller shafts are the main component of a propeller. They are made from metal and have several blades attached to them. The blades rotate as the propeller shaft moves through the water, creating thrust that propels the boat forward.
Some of the major companies in the propeller shafts market are GKN, NTN, Dana, Nexteer, Hyundai-Wia, IFA Rotorion, AAM, JTEKT, Neapco, Meritor, Showa, Seohan Group, HITACHI, Dongfeng.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Propeller Shafts Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Propeller Shafts Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Propeller Shafts Market - Supply Chain
4.5. Global Propeller Shafts Market Forecast
4.5.1. Propeller Shafts Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Propeller Shafts Market Size (000 Units) and Y-o-Y Growth
4.5.3. Propeller Shafts Market Absolute $ Opportunity
5. Global Propeller Shafts Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Propeller Shafts Market Size and Volume Forecast by Type
5.3.1. Single Piece
5.3.2. Two Piece
5.3.3. Three Piece
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Propeller Shafts Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Propeller Shafts Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicle
6.3.2. Commercial Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Propeller Shafts Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Propeller Shafts Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Propeller Shafts Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Propeller Shafts Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Propeller Shafts Demand Share Forecast, 2019-2026
9. North America Propeller Shafts Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Propeller Shafts Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Propeller Shafts Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicle
9.4.2. Commercial Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Propeller Shafts Market Size and Volume Forecast by Type
9.7.1. Single Piece
9.7.2. Two Piece
9.7.3. Three Piece
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Propeller Shafts Demand Share Forecast, 2019-2026
10. Latin America Propeller Shafts Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Propeller Shafts Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Propeller Shafts Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicle
10.4.2. Commercial Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Propeller Shafts Market Size and Volume Forecast by Type
10.7.1. Single Piece
10.7.2. Two Piece
10.7.3. Three Piece
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Propeller Shafts Demand Share Forecast, 2019-2026
11. Europe Propeller Shafts Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Propeller Shafts Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Propeller Shafts Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicle
11.4.2. Commercial Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Propeller Shafts Market Size and Volume Forecast by Type
11.7.1. Single Piece
11.7.2. Two Piece
11.7.3. Three Piece
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
1110. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Propeller Shafts Demand Share, 2019-2026
12. Asia Pacific Propeller Shafts Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Propeller Shafts Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Propeller Shafts Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicle
12.4.2. Commercial Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Propeller Shafts Market Size and Volume Forecast by Type
12.7.1. Single Piece
12.7.2. Two Piece
12.7.3. Three Piece
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Propeller Shafts Demand Share, 2019-2026
13. Middle East & Africa Propeller Shafts Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Propeller Shafts Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Propeller Shafts Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicle
13.4.2. Commercial Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Propeller Shafts Market Size and Volume Forecast by Type
13.7.1. Single Piece
13.7.2. Two Piece
13.7.3. Three Piece
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Propeller Shafts Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Propeller Shafts Market: Market Share Analysis
14.2. Propeller Shafts Distributors and Customers
14.3. Propeller Shafts Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GKN
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NTN
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dana
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nexteer
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hyundai-Wia
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. IFA Rotorion
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AAM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. JTEKT
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Neapco
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Meritor
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Showa
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Seohan Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. HITACHI
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Dongfeng
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
