Global Automotive Axle and Propeller Shaft Market 2024-2028
Global Automotive Axle And Propeller Shaft Market 2024-2028
The automotive axle and propeller shaft market is forecasted to grow by USD 4215.6 mn during 2023-2028, accelerating at a CAGR of 3.28% during the forecast period. The report on the automotive axle and propeller shaft market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in adoption of evs, rising aftermarket demand for automotive axles and propeller shafts, and surge in use of lightweight materials for manufacturing automotive axles and propeller shafts.
Technavio's automotive axle and propeller shaft market is segmented as below:
By Vehicle Type
- Passenger vehicles
- Commercial vehicles
By Location
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the development of intelligent and advanced automotive axles as one of the prime reasons driving the automotive axle and propeller shaft market growth during the next few years. Also, rise of autonomous and connected vehicles and focus on fuel efficiency and emission reduction in vehicles will lead to sizable demand in the market.
The report on the automotive axle and propeller shaft market covers the following areas:
- Automotive axle and propeller shaft market sizing
- Automotive axle and propeller shaft market forecast
- Automotive axle and propeller shaft market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive axle and propeller shaft market vendors that include American Axle and Manufacturing Holdings Inc., Comer Industries Spa, Cummins Inc., D.K. Engineering Holdings Ltd., Dana Inc., Dowlais Group plc, Hitachi Ltd., Hyundai WIA Corporation, IFA Holding GmbH, JTEKT Corp., Muhr und Bender KG, Neapco Holdings LLC, Nexteer Automotive Group Ltd., NTN Corp., Schaeffler AG, Talbros Engineering Ltd., Tri-Ring Group Corp, Wanxiang America Corp., Yamada Manufacturing Co. Ltd., and ZF Friedrichshafen AG. Also, the automotive axle and propeller shaft market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.