Reports

Global Automotive Axle & Propeller Shaft Market to Grow at a CAGR of 3% between 2021 and 2026

Automotive Axle and Propeller Shaft Market

Global Automotive Axle and Propeller Shaft Market Report: 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; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Automotive Axle & Propeller Shaft Market Outlook

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.

 

Automotive Axle & Propeller Shaft Market

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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.

 

Automotive Axle & Propeller Shaft Market By Segments

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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.

 

Automotive Axle & Propeller Shaft Market By Region

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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 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

Key Questions Answered in the Report

What was the global automotive axle and propeller shaft market size in 2023?

The global automotive axle and propeller shaft market reached a value of USD 35.50 billion in 2023..

What is the growth rate of the market?

The market is projected to grow at a CAGR of nearly 2.9% in the forecast period of 2024-2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to reach a value of about USD 45.85 billion by 2032.

What are the major market drivers?

The major drivers of the market include rising disposable incomes, increasing population, and the rising demand for vehicles and modernisations in engineering.

What are the key trends in the market?

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.

What are the major regional markets of automotive axle and propeller shaft, according to the EMR report?

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

What are the leading types of the product in the market?

The leading types of the product in the market are axle and propeller shaft.

What are the significant axle positions in the industry?

The significant axle positions in the market are front and rear.

What are the leading vehicle types in the market?

The leading vehicle types in the market can be divided into two-wheeler, passenger cars, and commercial vehicle.

What are the major materials used for the products?

The major materials used for the products include alloy and carbon fibre.

Who are the key players in the market, according to the report?

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 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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