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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 (2018-2028); 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 34.5 billion in 2022. The industry is expected to grow at a CAGR of 2.90% in the forecast period of 2023-2028 to reach a value of USD 40.9 billion by 2028 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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Automotive Axle and Propeller Shaft Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Axle and Propeller Shaft Historical Market (2018-2022)
8.3 Global Automotive Axle and Propeller Shaft Market Forecast (2023-2028)
8.4 Global Automotive Axle and Propeller Shaft Market by Type
8.4.1 Axle
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Live
8.4.1.4.2 Dead
8.4.1.4.3 Tandem
8.4.2 Propeller Shaft
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Breakup by Type
8.4.2.4.1 Single Piece
8.4.2.4.2 Multi Piece
8.4.2.4.3 Slip in Tube
8.5 Global Automotive Axle and Propeller Shaft Market by Axle Position
8.5.1 Front
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Rear
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Automotive Axle and Propeller Shaft Market by Vehicle Type
8.6.1 Two-Wheeler
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Passenger Cars
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Commercial Vehicle
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Automotive Axle and Propeller Shaft Market by Material
8.7.1 Alloy
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Carbon Fibre
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Automotive Axle and Propeller Shaft Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Trade Data Analysis (HS Code- 870850)
11.1 Major Exporting Countries
11.1.1 By Value
11.1.2 By Volume
11.2 Major Importing Countries
11.2.1 By Value
11.2.2 By Volume
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Dana Incorporated
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 American Axle & Manufacturing Holdings, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Hitachi Astemo, Ltd.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Hyundai Wia Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 GKN Automotive Limited
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 JTEKT Corporation
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Automotive Axle and Propeller Shaft Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Axle Position (USD Million), 2018-2022
5. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Axle Position (USD Million), 2023-2028
6. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
7. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
8. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Material (USD Million), 2018-2022
9. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Material (USD Million), 2023-2028
10. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Automotive Axle and Propeller Shaft Market Structure
Key Questions Answered in the Report
The global automotive axle and propeller shaft market reached a value of USD 34.5 billion in 2022..
The market is projected to grow at a CAGR of nearly 2.90% in the forecast period of 2023-2028.
The market is estimated to reach a value of about USD 40.9 billion by 2028.
The major drivers of the market 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 in the market.
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 market 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 34.5 billion in 2022, 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 2023-2028, growing at a CAGR of 2.90%. The industry is projected to reach USD 40.9 billion by 2028.
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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