Global Automotive Axle and Propeller Shaft Market: By Position: Front, Rear; By Axle & Propeller Shaft Type: Axel Type, Propeller Shaft Type; By Vehicle Type: Two-Wheeler, Passenger Cars, Commercial Vehicle; By Material: Alloy, Carbon Fibre; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Supply and Demand (2015-2019); Supply and Demand Forecast (2020-2025); SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Events and Developments

Global Automotive Axle & Propeller Shaft Market Key Insights:

Market Outlook

The global automotive axle & propeller shaft market stood at a value of USD 30.9 billion in 2019. The industry is expected to grow at a CAGR of 3% in the forecast period of 2020-2025 to reach a value of USD 36 billion by 2025 owing to the rising demand for vehicles and modernisations in engineering.

Properties and Applications

Axles and propeller shafts are important components in a vehicle. While the axle holds the entire weight of a vehicle and functions by providing the torque to the wheels, the propeller shaft functions by transferring power from an engine to the wheels of a vehicle.

The types of axle and propeller shaft are:

• Axle
  • Live
  • Dead
  • Tandem
• Propeller Shaft
  • Single Piece
  • Multi Piece
  • Slip in Tube

Axle and propeller shaft find their uses in various types of vehicles like:

• Two-Wheeler
• Passenger Cars
• Commercial Vehicle

The axle and propeller shaft industry can be further segmented on the basis of axle position into:

• Front 
• Rear

The report also covers the regional markets of axle and propeller shaft like the Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.

Market Analysis

The global axle and propeller shaft industry is being driven by the soaring aftermarket demand for axles and propellers in the Asia Pacific region. The global industry growth might be hindered by the fluctuating prices of metals and increased weight of the vehicle. However, the saving garnered in the general maintenance of the vehicle is enhancing the global demand for axle and propeller shaft.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global automotive axle & propeller shaft industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Dana Limited
• American Axle & Manufacturing Holdings, Inc.
• Showa Corporation
• Hyundai Wia Corporation
• GKN Automotive Limited
• JTEKT Corporation
• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter’s five forces model along with giving a SWOT analysis.

Key Questions Answered in the Report:

• How has the global automotive axle & propeller industry performed in the previous years (2015-2019)?
• What is the forecast assessment of the industry for 2020-2025?
• What are the major drivers in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major price indicators of the global automotive axle & propeller industry?
• What are the major demand indicators of the global industry?
• What is the degree of competition in the global automotive axle & propeller industry?
• What are the major events and developments taking place within the global industry?

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