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PUBLISHER: IMARC | PRODUCT CODE: 1207168
PUBLISHER: IMARC | PRODUCT CODE: 1207168
Automotive Axle & Propeller Shaft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global automotive axle & propeller shaft market size reached US$ 74.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 121.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.36% during 2023-2028.
Automotive axles and propeller shafts are essential components that generate momentum in vehicles. They are manufactured of medium-carbon steel, glass fibers, thermoplastic polyamide, epoxy composite, chrome-molybdenum steel and carbon fibers. Live, tandem and dead are some common axles that hold the entire weight of the vehicle and provide torque from differential to wheels. On the other hand, propeller shafts, such as multi-piece, slip-in tube and single-piece shaft, transmit torque and rotation from an engine to the wheels of the automobile. Automotive axles and propeller shafts exhibit various properties, including high specific strength, transmission of power at different elevation levels, and corrosion and abrasion resistance. These components improve handling, safety, efficiency, and provide higher clearance and a smoother ride.
Automotive Axle & Propeller Shaft Market Trends:
- Significant expansion in the automotive sector, along with the risings sales of automobiles due to rapid urbanization and industrialization, particularly in emerging economies, is primarily driving the market growth. Automotive axles and propeller shafts are widely incorporated in vehicles to rotate the wheels, transmit torque and provide momentum, which, in turn, is propelling the market growth. Additionally, the widespread adoption of carbon fiber shafts in premium vehicles due to their structural advantages, including durability, toughness, and higher strength, is favoring the market growth. Moreover, various technological advancements, such as the integration of machine learning (ML) and artificial intelligence (AI) in manufacturing automotive axles and propeller shafts to enhance efficiency, accuracy and consistency, are providing an impetus to the market growth. In line with this, the widespread adoption of lightweight axles and propeller shafts for providing greater potential and increasing vehicle efficiency is positively impacting the market growth. Other factors, including the rising adoption of fuel-efficient vehicles and increasing demand for all-wheel drive (AWD) vehicles, are anticipated to drive the market further toward growth.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive axle & propeller shaft market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, vehicle type and sales channel.
Breakup by Type:
- Live Axle
- Dead Axle
- Tandem Axle
- Single Piece Propeller Shaft
- Multi Piece Propeller Shaft
- Slip in Tube Propeller Shaft
Breakup by Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Breakup by Sales Channel:
- Original Equipment Manufacturer
- Aftermarket
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being American Axle & Manufacturing Inc., Automotive Axles Limited, Dana Incorporated, Hyundai WIA Corporation, IFA Group, JTEKT Corporation, Mark Williams Enterprises Inc., Melrose Industries PLC, Meritor Inc. (Cummins Inc.) and ZF Friedrichshafen AG.
Key Questions Answered in This Report:
- How has the global automotive axle & propeller shaft market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global automotive axle & propeller shaft market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the sales channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global automotive axle & propeller shaft market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR1323A640_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Axle & Propeller Shaft Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Live Axle
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Dead Axle
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Tandem Axle
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Single Piece Propeller Shaft
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Multi Piece Propeller Shaft
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Slip in Tube Propeller Shaft
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Vehicle Type
- 7.1 Passenger Car
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Light Commercial Vehicle
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Heavy Commercial Vehicle
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Sales Channel
- 8.1 Original Equipment Manufacturer
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Aftermarket
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 American Axle & Manufacturing Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Automotive Axles Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 Dana Incorporated
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Hyundai WIA Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 IFA Group
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 JTEKT Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Mark Williams Enterprises Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Melrose Industries PLC
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Meritor Inc. (Cummins Inc.)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 ZF Friedrichshafen AG
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 SWOT Analysis
- 14.3.1 American Axle & Manufacturing Inc.
Product Code: SR1323A640_Report
List of Figures
- Figure 1: Global: Automotive Axle & Propeller Shaft Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Axle & Propeller Shaft Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Automotive Axle & Propeller Shaft Market: Breakup by Type (in %), 2022
- Figure 5: Global: Automotive Axle & Propeller Shaft Market: Breakup by Vehicle Type (in %), 2022
- Figure 6: Global: Automotive Axle & Propeller Shaft Market: Breakup by Sales Channel (in %), 2022
- Figure 7: Global: Automotive Axle & Propeller Shaft Market: Breakup by Region (in %), 2022
- Figure 8: Global: Automotive Axle & Propeller Shaft (Live Axle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Automotive Axle & Propeller Shaft (Live Axle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Automotive Axle & Propeller Shaft (Dead Axle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Automotive Axle & Propeller Shaft (Dead Axle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Automotive Axle & Propeller Shaft (Tandem Axle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Automotive Axle & Propeller Shaft (Tandem Axle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Automotive Axle & Propeller Shaft (Single Piece Propeller Shaft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Automotive Axle & Propeller Shaft (Single Piece Propeller Shaft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Automotive Axle & Propeller Shaft (Multi Piece Propeller Shaft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Automotive Axle & Propeller Shaft (Multi Piece Propeller Shaft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Automotive Axle & Propeller Shaft (Slip in Tube Propeller Shaft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Automotive Axle & Propeller Shaft (Slip in Tube Propeller Shaft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Automotive Axle & Propeller Shaft (Passenger Car) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Automotive Axle & Propeller Shaft (Passenger Car) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Automotive Axle & Propeller Shaft (Light Commercial Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Automotive Axle & Propeller Shaft (Light Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Automotive Axle & Propeller Shaft (Heavy Commercial Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Automotive Axle & Propeller Shaft (Heavy Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Automotive Axle & Propeller Shaft (Original Equipment Manufacturer) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Automotive Axle & Propeller Shaft (Original Equipment Manufacturer) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Automotive Axle & Propeller Shaft (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Automotive Axle & Propeller Shaft (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Automotive Axle & Propeller Shaft Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Automotive Axle & Propeller Shaft Industry: SWOT Analysis
- Figure 80: Global: Automotive Axle & Propeller Shaft Industry: Value Chain Analysis
- Figure 81: Global: Automotive Axle & Propeller Shaft Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Axle & Propeller Shaft Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Automotive Axle & Propeller Shaft Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Automotive Axle & Propeller Shaft Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
- Table 4: Global: Automotive Axle & Propeller Shaft Market Forecast: Breakup by Sales Channel (in Million US$), 2023-2028
- Table 5: Global: Automotive Axle & Propeller Shaft Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Automotive Axle & Propeller Shaft Market: Competitive Structure
- Table 7: Global: Automotive Axle & Propeller Shaft Market: Key Players
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