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Global Automotive Axle and Propeller Shaft Market: By Type: Axle, Propeller Shaft; By Axle Position: Front, Rear; By Vehicle Type: Two-Wheeler, Passenger Cars, Commercial Vehicle; By Material: Alloy, Carbon Fibre; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments
Global Automotive Axle & Propeller Shaft Market Outlook
The global automotive axle & propeller shaft market stood at a value of USD 30.9 billion in 2020. The industry is expected to grow at a CAGR of 3% in the forecast period of 2022-2027 to reach a value of USD 36 billion by 2026 owing to the rising demand for vehicles and modernisations in engineering.
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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Axle Position, Vehicle Type, Material, Region |
| Breakup by Type | Axle, Propeller Shaft |
| Breakup by Axle Position | Front, Rear |
| Breakup by Vehicle Type | Two-Wheeler, Passenger Cars, Commercial Vehicle |
| Breakup by Material | Alloy, Carbon Fibre |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Dana Limited, American Axle & Manufacturing Holdings, Inc., Showa Corporation, Hyundai Wia Corporation, GKN Automotive Limited, JTEKT Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.2 Key findings of the Study
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Inference Data
3 Executive Summary
3.1 Market Overview
3.2 Market Analysis
4 Global Automotive Axle & Propeller Shaft Market Analysis
4.1 Global Automotive Axle & Propeller Shaft Historical Market (2017-2021) & Forecast (2022-2027)
4.2 Global Automotive Axle & Propeller Shaft Market Breakup by Type
4.2.1 Axle
4.2.1.1 Live
4.2.1.2 Dead
4.2.1.3 Tandem
4.2.2 Propeller Shaft
4.2.2.1 Single Piece
4.2.2.2 Multi Piece
4.2.2.3 Slip in Tube
4.3 Global Automotive Axle & Propeller Shaft Market Breakup by Type: Historical Market (2017-2021) & Forecast (2022-2027)
4.3.1 Axle
4.3.1.1 Live
4.3.1.2 Dead
4.3.1.3 Tandem
4.3.2 Propeller Shaft
4.3.2.1 Single Piece
4.3.2.2 Multi Piece
4.3.2.3 Slip in Tube
4.4 Global Automotive Axle & Propeller Shaft Market Breakup by Axle Position
4.4.1 Front
4.4.2 Rear
4.5 Global Automotive Axle & Propeller Shaft Market Breakup by Axle Position: Historical Market (2017-2021) & Forecast (2022-2027)
4.5.1 Front
4.5.2 Rear
4.6 Global Automotive Axle & Propeller Shaft Market Breakup by Vehicle Type
4.6.1 Two-Wheeler
4.6.2 Passenger Cars
4.6.3 Commercial Vehicle
4.7 Global Automotive Axle & Propeller Shaft Market Breakup by Vehicle Type: Historical Market (2017-2021) & Forecast (2022-2027)
4.7.1 Two-Wheeler
4.7.2 Passenger Cars
4.7.3 Commercial Vehicle
4.8 Global Automotive Axle & Propeller Shaft Market Breakup by Material
4.8.1 Alloy
4.8.2 Carbon Fibre
4.9 Global Automotive Axle & Propeller Shaft Market Breakup by Material: Historical Market (2017-2021) & Forecast (2022-2027)
4.9.1 Alloy
4.9.2 Carbon Fibre
4.10 Global Automotive Axle & Propeller Shaft Market Breakup by Region
4.10.1 North America
4.10.1.1 United States of America
4.10.1.2 Canada
4.10.2 Europe
4.10.2.1 Germany
4.10.2.2 United Kingdom
4.10.2.3 France
4.10.2.4 Italy
4.10.2.5 Others
4.10.3 Asia Pacific
4.10.3.1 China
4.10.3.2 Japan
4.10.3.3 India
4.10.3.4 ASEAN
4.10.3.5 Others
4.10.4 Latin America
4.10.4.1 Brazil
4.10.4.2 Argentina
4.10.4.3 Mexico
4.10.4.4 Others
4.10.5 Middle East & Africa
4.10.5.1 Saudi Arabia
4.10.5.2 United Arab Emirates
4.10.5.3 Nigeria
4.10.5.4 South Africa
4.10.5.5 Others
4.11 Global Automotive Axle & Propeller Shaft Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
4.11.1 North America
4.11.1.1 United States of America
4.11.1.2 Canada
4.11.2 Europe
4.11.2.1 Germany
4.11.2.2 United Kingdom
4.11.2.3 France
4.11.2.4 Italy
4.11.2.5 Others
4.11.3 Asia Pacific
4.11.3.1 China
4.11.3.2 Japan
4.11.3.3 India
4.11.3.4 ASEAN
4.11.3.5 Others
4.11.4 Latin America
4.11.4.1 Brazil
4.11.4.2 Argentina
4.11.4.3 Mexico
4.11.4.4 Others
4.11.5 Middle East & Africa
4.11.5.1 Saudi Arabia
4.11.5.2 United Arab Emirates
4.11.5.3 Nigeria
4.11.5.4 South Africa
4.11.5.5 Others
5 SWOT Analysis
5.1 Overview
5.2 Strengths
5.3 Weaknesses
5.4 Opportunities
5.5 Threats
6 Porter’s Five Forces Analysis
6.1 Overview
6.2 Buyer’s Power
6.3 Supplier’s Power
6.4 New Entrants
6.5 Degree of Rivalry
6.6 Substitutes
7 EKDA For Price
7.1 Labor
7.2 Utilities
7.3 Raw Materials
7.4 Market Dynamics
8 EKDA For Demand
8.1 Government Regulations
8.2 Market Competition
8.3 Price
8.4 Availability
9 Competitive Landscape & Supplier Analysis
9.1 Dana Limited
9.2 American Axle & Manufacturing Holdings, Inc.
9.3 Showa Corporation
9.4 Hyundai Wia Corporation
9.5 GKN Automotive Limited
9.6 JTEKT Corporation
9.7 Others
10 Industry Events and Developments
Key Questions Answered in the Report
The global automotive axle and propeller shaft market reached a value of USD 30.9 billion in 2020.
The market is projected to grow at a CAGR of nearly 3% in the forecast period of 2022-2027.
The market is estimated to reach a value of about USD 36 billion by 2026.
The major drivers of the industry include rising disposable incomes, increasing population, and the rising demand for vehicles and modernisations in engineering.
The increasing vehicle production globally and innovations in engineering that are focused on sustainability and fuel efficiency are expected to be the key trends guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading types of the product in the market are axle and propeller shaft.
The significant axle positions in the industry are front and rear.
The leading vehicle types in the market can be divided into two-wheeler, passenger cars, and commercial vehicle.
The major materials used for the products include alloy and carbon fibre.
The leading players in the market are Dana Limited, American Axle & Manufacturing Holdings, Inc., Showa Corporation, Hyundai Wia Corporation, GKN Automotive Limited, and JTEKT Corporation, among others.
Analyst Review
The global automotive axle and propeller shaft market attained a value of USD 30.9 billion in 2020, driven by the growth in the automotive industry. Aided by the increasing vehicle production, the industry is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3%. The industry is projected to reach USD 36 billion by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, axle can be divided into live, dead, and tandem, whereas the types of propeller shaft include single piece, multi piece, and slip in tube. By vehicle type, the industry can be divided into two-wheeler, passenger cars, and commercial vehicle. On the basis of material, the industry can be segmented into alloy and carbon fibre. Based on axle position, the market can be bifurcated into front and rear. The major regional markets for automotive axle and propeller shaft are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Dana Limited, American Axle & Manufacturing Holdings, Inc., Showa Corporation, Hyundai Wia Corporation, GKN Automotive Limited, and JTEKT Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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