Automotive axles and propeller shafts play a major role in the operation of a vehicle. The axles bear the entire weight of the vehicle, cargo and passengers and live axles perform the additional task of providing the torque to the wheels. The function of a propeller shaft is transmitting torque and rotation along with the other components of the drive train. The global automotive axle & propeller shaft market is being strongly driven by the rising vehicle production globally and innovations in engineering that is focused on sustainability and fuel efficiency. The growth of this market is further stimulated by the thriving aftermarket demand for automotive axles and propellers in developing countries. Additionally, reduction of the overall maintenance of the vehicle is another factor boosting the global market demand. However, increased vehicle weight and fluctuating prices of raw materials are posing to be hindrances to the growth of the global market.
Some of the major players operating in the global automotive axle & propeller shaft market include:
Meritor, Inc., ZF Friedrichshafen AG, IFA Rotorion – Holding GmbH, American Axle & Manufacturing Holdings, Inc., Gestamp, Dana Incorporated, GKN PLC, Jtekt Corporation, RSB Group, Showa Corporation and Hyundai Wia Corporation among others.
Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=27563
The global automotive axle & propeller shaft market can be segmented on the basis of range axle position, axle type, propeller shaft position, propeller type, vehicle type and region. Based on axle position the global market can be bifurcated into front axle and rear axle. By axle type, the automotive axle & propeller shaft market can be segmented into dead axle, live axle and tandem axle. The live axle segment is expected to record the highest growth rate during the forecast period. Growing consumer preference towards RWD passenger cars and SUVs coupled with the continuous growth of the overall vehicle production globally is triggering the growth of the live axle segment. Thus, the increase in demand for passenger cars in the coming years is set to positively impact the growth of the live axle market. The market can be segment, on the basis of propeller shaft position into front propeller shaft, rear propeller shaft and inter-axle propeller shaft. By propeller shaft type the automotive axle & propeller shaft market can be bifurcated into single piece propeller shaft and multi piece propeller shaft. Single piece propeller shaft is expected to maintain its dominance throughout the forecast period, and the primary reason that can be attributed to this growth is is its overall durability and cost effectiveness. This type of propeller shaft has gained more popularity than the multi piece propeller shaft owing to its high fuel efficiency and light weight properties.
The global automotive axle & propeller shaft market can be classified by vehicle type into passenger vehicles, light commercial vehicles and heavy commercial vehicles. Additionally, the market can be classified geographically into North America, Europe, Asia Pacific, South America and Middle East and Africa. Asia Pacific is projected to witness the highest growth rate during the forecast period, driven by increasing production of passenger vehicles and sustainable demand for aftermarket components.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
Have any query? Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=27563
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
Contact:
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
Email: [email protected]
Website: https://www.transparencymarketresearch.com
