Market Overview:
The global rotor shaft market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the rotor shaft market can be attributed to the increasing demand for electric vehicles and rising investments in renewable energy sources. The standard process segment is expected to dominate the global rotor shaft market during the forecast period, owing to its low cost and easy availability. However, the hot isostatic pressing process segment is projected to grow at a higher CAGR during the forecast period, as it offers better performance than other processes. By application, water and steam turbines are expected to account for a major share of the global rotor shaft market duringthe forecast period, followed by conventional electric motors.
Product Definition:
A rotor shaft is a long, cylindrical metal bar that rotates around its axis to turn gears or a turbine in machines such as wind turbines and electric generators. The rotor shaft transfers energy from the moving parts of the machine to the stationary parts.
Standard Process:
The global standard process is a term used to define the manufacturing process that has been adopted by most of the companies in order to ensure product consistency. The purpose of using a standard process is to provide quality products with reduced production time and cost. In addition, it helps companies maintain their market position and gain competitive advantage over others.
Hot Isostatic Pressing Process:
Hot isostatic pressing (HIP) process is used to manufacture high-performance carbon fiber composites. Carbon fibers are preferred in the automotive and aviation industries due to their properties such as low weight, high strength, and stiffness. The HIP process allows manufacturers to produce these composites on an industrial scale with standard production equipment.
Application Insights:
The conventional electric motors segment dominated the global rotor shaft market in terms of revenue share in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for electric passenger cars and heavy-duty vehicles such as trucks, tractors, buses and coaches among others.
Electric power generation is one of the major applications that drives demand for rotary blades across various regions globally. In many countries including India, China and Japan; electricity generation using fossil fuels has been substituted completely by wind energy which has resulted in increased penetration of these products resulting into higher growth rate for this segment during the forecast period from 2018 to 2030. Rotary blades are also used extensively across water turbines as they provide high efficiency with low maintenance cost which further boosts their demand globally over the coming years.
Regional Analysis:
Asia Pacific dominated the global rotor shaft market in 2017 and accounted for over 45% of the total revenue share. The region is expected to witness significant growth over the forecast period owing to increasing demand from countries such as China, India, South Korea, Japan and Australia. Increasing investments in renewable energy sources along with favorable government policies are projected to drive industry expansion over the coming years.
The Asia Pacific regional market is characterized by high industrialization levels coupled with developing economies such as China and India. These two countries have a strong presence across several industries including aerospace & defense manufacturing which will positively influence industry growth in near future.
Europe held a substantial share of around 25% of total revenue generated by rotorshaft globally in 2017 owing to increased focus on reducing carbon footprint along with stringent environmental regulations laid down by European Union (EU).
Growth Factors:
- Increasing demand for electric vehicles
- Growing popularity of wind energy
- Rising investment in renewable energy sources
- Proliferation of advanced technologies
- Stringent government regulations for reducing carbon emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Rotor Shaft Market Research Report
By Type
Standard Process, Hot Isostatic Pressing Process
By Application
Water and Steam Turbines, Conventional Electric Motors
By Companies
Sandvik, A. Green Engineering, VÃTKOVICE MACHINERY, JSW, OMZ-Special Steels, Grand Haven Steel Products, S & H Glenco Manufacturing, Griner Engineering, TORIN Products, Norca Precision, CNC Industries, STD Gear, C & R Manufacturing, Ramco Electric Motors, Guthrie Machine Works, Mailly Manufacturing, Tolerance Masters, U.S. Axle, Jinan Paiwo Engineering Machinery, Jiangsu Liangyi, Jiangyin Golden Machinery Equipment, Jiangyin Hongfeng Hardware Forging, Jinan Paiwo Engineering Machinery
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Rotor Shaft Market Report Segments:
The global Rotor Shaft market is segmented on the basis of:
Types
Standard Process, Hot Isostatic Pressing Process
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
Water and Steam Turbines, Conventional Electric Motors
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:
- Sandvik
- A. Green Engineering
- VÃTKOVICE MACHINERY
- JSW
- OMZ-Special Steels
- Grand Haven Steel Products
- S & H Glenco Manufacturing
- Griner Engineering
- TORIN Products
- Norca Precision
- CNC Industries
- STD Gear
- C & R Manufacturing
- Ramco Electric Motors
- Guthrie Machine Works
- Mailly Manufacturing
- Tolerance Masters
- U.S. Axle
- Jinan Paiwo Engineering Machinery
- Jiangsu Liangyi
- Jiangyin Golden Machinery Equipment
- Jiangyin Hongfeng Hardware Forging
- Jinan Paiwo Engineering Machinery
Highlights of The Rotor 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:
- Standard Process
- Hot Isostatic Pressing Process
- By Application:
- Water and Steam Turbines
- Conventional Electric Motors
- 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 Rotor 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
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- Consumer Insights
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- 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?
A rotor shaft is a rotating component of an engine or machine. It typically contains the engine's crankshaft and connects it to the output shaft.
Some of the major companies in the rotor shaft market are Sandvik, A. Green Engineering, VƒÂTKOVICE MACHINERY, JSW, OMZ-Special Steels, Grand Haven Steel Products, S & H Glenco Manufacturing, Griner Engineering, TORIN Products, Norca Precision, CNC Industries, STD Gear, C & R Manufacturing, Ramco Electric Motors, Guthrie Machine Works, Mailly Manufacturing, Tolerance Masters, U.S. Axle, Jinan Paiwo Engineering Machinery, Jiangsu Liangyi, Jiangyin Golden Machinery Equipment, Jiangyin Hongfeng Hardware Forging, Jinan Paiwo Engineering Machinery.
The rotor shaft market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rotor Shaft 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. Rotor Shaft Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rotor Shaft Market - Supply Chain
4.5. Global Rotor Shaft Market Forecast
4.5.1. Rotor Shaft Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rotor Shaft Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rotor Shaft Market Absolute $ Opportunity
5. Global Rotor Shaft 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. Rotor Shaft Market Size and Volume Forecast by Type
5.3.1. Standard Process
5.3.2. Hot Isostatic Pressing Process
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rotor Shaft 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. Rotor Shaft Market Size and Volume Forecast by Application
6.3.1. Water and Steam Turbines
6.3.2. Conventional Electric Motors
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rotor Shaft 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. Rotor Shaft 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 Rotor Shaft 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. Rotor Shaft 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 Rotor Shaft Demand Share Forecast, 2019-2026
9. North America Rotor Shaft 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 Rotor Shaft 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 Rotor Shaft Market Size and Volume Forecast by Application
9.4.1. Water and Steam Turbines
9.4.2. Conventional Electric Motors
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rotor Shaft Market Size and Volume Forecast by Type
9.7.1. Standard Process
9.7.2. Hot Isostatic Pressing Process
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 Rotor Shaft Demand Share Forecast, 2019-2026
10. Latin America Rotor Shaft 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 Rotor Shaft 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 Rotor Shaft Market Size and Volume Forecast by Application
10.4.1. Water and Steam Turbines
10.4.2. Conventional Electric Motors
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rotor Shaft Market Size and Volume Forecast by Type
10.7.1. Standard Process
10.7.2. Hot Isostatic Pressing Process
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 Rotor Shaft Demand Share Forecast, 2019-2026
11. Europe Rotor Shaft 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 Rotor Shaft 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 Rotor Shaft Market Size and Volume Forecast by Application
11.4.1. Water and Steam Turbines
11.4.2. Conventional Electric Motors
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rotor Shaft Market Size and Volume Forecast by Type
11.7.1. Standard Process
11.7.2. Hot Isostatic Pressing Process
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
1110.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rotor Shaft Demand Share, 2019-2026
12. Asia Pacific Rotor Shaft 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 Rotor Shaft 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 Rotor Shaft Market Size and Volume Forecast by Application
12.4.1. Water and Steam Turbines
12.4.2. Conventional Electric Motors
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rotor Shaft Market Size and Volume Forecast by Type
12.7.1. Standard Process
12.7.2. Hot Isostatic Pressing Process
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 Rotor Shaft Demand Share, 2019-2026
13. Middle East & Africa Rotor Shaft 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 Rotor Shaft 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 Rotor Shaft Market Size and Volume Forecast by Application
13.4.1. Water and Steam Turbines
13.4.2. Conventional Electric Motors
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rotor Shaft Market Size and Volume Forecast by Type
13.7.1. Standard Process
13.7.2. Hot Isostatic Pressing Process
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 Rotor Shaft Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rotor Shaft Market: Market Share Analysis
14.2. Rotor Shaft Distributors and Customers
14.3. Rotor Shaft Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. A. Green Engineering
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. VÍTKOVICE MACHINERY
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JSW
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. OMZ-Special Steels
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Grand Haven Steel Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. S & H Glenco Manufacturing
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Griner Engineering
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TORIN Products
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Norca Precision
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CNC Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. STD Gear
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. C & R Manufacturing
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ramco Electric Motors
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Guthrie Machine Works
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Mailly Manufacturing
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Tolerance Masters
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. U.S. Axle
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Jinan Paiwo Engineering Machinery
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Jiangsu Liangyi
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
