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The global automotive axle & propeller shaft market stood at a value of USD 35.50 billion in 2023. The industry is expected to grow at a CAGR of 2.9% in the forecast period of 2024-2032 to reach a value of USD 45.85 billion by 2032 owing to the rising demand for vehicles and modernisations in engineering.
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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 and propeller shaft find their uses in various types of vehicles like:
The axle and propeller shaft industry can be further segmented on the basis of axle position into:
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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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.
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:
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 | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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 Opportunities and Challenges in the Market
8 Global Automotive Axle and Propeller Shaft Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Axle and Propeller Shaft Historical Market (2018-2023)
8.3 Global Automotive Axle and Propeller Shaft Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Rear
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Passenger Cars
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Commercial Vehicle
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Carbon Fibre
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.8 Global Automotive Axle and Propeller Shaft Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Automotive Axle and Propeller Shaft Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Axle and Propeller Shaft Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Axle and Propeller Shaft Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Axle and Propeller Shaft Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Axle and Propeller Shaft Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code- 870850)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Dana Incorporated
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 American Axle & Manufacturing Holdings, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Hitachi Astemo, Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Hyundai Wia Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 GKN Automotive Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 JTEKT Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Axle and Propeller Shaft Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Axle Position (USD Million), 2018-2023
5. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Axle Position (USD Million), 2024-2032
6. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
7. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
8. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Material (USD Million), 2018-2023
9. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Material (USD Million), 2024-2032
10. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Automotive Axle and Propeller Shaft Market Structure
The global automotive axle and propeller shaft market reached a value of USD 35.50 billion in 2023..
The market is projected to grow at a CAGR of nearly 2.9% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 45.85 billion by 2032.
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.
The global automotive axle and propeller shaft market attained a value of USD 35.50 billion in 2023, 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 2024-2032, growing at a CAGR of 2.9%. The industry is projected to reach USD 45.85 billion by 2032.
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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