Automotive axle and propeller shaft Market: Worldwide Market Size, Revenue, Growth rate, CAGR % 2021

The report "Automotive Axle & Propeller Shaft Market by Position (Front, Rear, and Inter-Axle Propeller Shaft), Axle Type (Live, Dead, and Tandem Axle), Propeller Shaft Type (Single, and Multi Piece), Material (Alloy, and Carbon Fiber) - Global Forecast to 2021", The global automotive axle and propeller market size, in terms of value, is estimated to be USD 39.11 Billion in 2016, and is projected to grow to USD 58.07 Billion by 2021, at a CAGR of 8.22%.

Browse 88 market data tables and 60 figures spread through 157 pages and in-depth TOC on Automotive Axle & Propeller Shaft Market

Objectives of the Study

• To define, describe, and project the for automotive axles and propeller shafts market on the basis of type, position, material, and region
• To provide a detailed analysis regarding the various forces acting in the market (drivers, restraints, opportunities, and challenges)
• To analyze the regional markets for growth trends, future prospects, and their contribution to the total market
• To project the market for these systems across the four-key region-wise automotive markets, namely, Asia-Oceania, Europe, North America, and Rest of the World (RoW)
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To analyze and define the stakeholders in the market and provide a detailed competitive landscape
• To analyze the opportunities offered by various segments of the market to the stakeholders
• To track and analyze competitive developments such as joint ventures, mergers and acquisitions, new product launches, expansions, and other industry activities carried out by the key industry participants

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Single piece propeller shaft segment: Expected to dominate the propeller shaft market

Single piece propeller shaft segment dominates the global propeller shaft market, in terms of both value and volume. The key reason for such market growth is its cost effectiveness as well as overall durability. Single piece propeller shaft is more widespread than the multi piece propeller shaft majorly because of its light weight and high fuel efficiency.

Live axle segment: Expected to register the highest growth rate

Live axle drives the wheel connected to it along with supporting the weight of the car. Increasing consumer’s preference towards SUVs and RWD passenger cars as well as consistent growth in overall vehicle production have triggered the growth of the live axle market. Growing demand for passenger cars is expected to positively impact the live axle market. Download the pdf brochure

Asia-Oceania: Largest market for axle and propeller shaft

Asia-Oceania comprises of developing economies such as India and China, which are major global markets for automobile production. Global OEMs are investing in these countries, given the new market opportunities arising from growing economies, rising vehicle production levels as well as globally competitive automotive manufacturing hub. This is expected to have positive impact on the demand for axles and propeller shafts which would provide significant boost to large number of local and international component suppliers present in the region. Major suppliers such as Showa Corporation (Japan) and globally established players such as ZF Friedrichshafen AG (Germany) have a strong presence in this region. Click Speak to Analyst

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MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year