Global Axle & Propeller Shaft Market Growth 2023-2029

Global Axle & Propeller Shaft Market Growth 2023-2029

Axle & Shaft is a mechanical part that translates the torque generated by a vehicle's engine into usable motive force to propel the vehicle. Axle & Shaft can be divided into propeller shaft, Rear Axle and Front Axle. The propeller shaft deliver power from an engine/transmission to the other end of the vehicle before it goes to the wheels. It is used on front engine rear wheel drive and most 4 wheel drive vehicles it couples the transmission with the rear differential. There is also a pair of shorter drive shafts often used to carry torque from a transaxle to the wheels. It is used in all kinds of vehicles and the number of half shafts varied with the drive mode.

In this report, the data we provide is about both the propeller shafts and half shafts.

LPI (LP Information)' newest research report, the “Axle & Propeller Shaft Industry Forecast” looks at past sales and reviews total world Axle & Propeller Shaft sales in 2022, providing a comprehensive analysis by region and market sector of projected Axle & Propeller Shaft sales for 2023 through 2029. With Axle & Propeller Shaft sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Axle & Propeller Shaft industry.

This Insight Report provides a comprehensive analysis of the global Axle & Propeller Shaft landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Axle & Propeller Shaft portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Axle & Propeller Shaft market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Axle & Propeller Shaft and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Axle & Propeller Shaft.

The global Axle & Propeller Shaft market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In the Indian market, the major producers are GKN, AAL, NTN, Dana, Nexteer, GNA Enterprises, Sona Group, Hyundai-WIA, Talbros Engineering and AAM.

This report presents a comprehensive overview, market shares, and growth opportunities of Axle & Propeller Shaft market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Propeller Shaft

Rear Axle

Front Axle

Segmentation by application

Passenger Car (PC)

Light Commercial Vehicle (LCV)

Heavy Commercial Vehicle (HCV)

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

GKN

AAL

NTN

Dana

Nexteer

GNA Enterprises

Sona Group

Hyundai-Wia

Talbros Engineering

AAM

Key Questions Addressed in this Report

What is the 10-year outlook for the global Axle & Propeller Shaft market?

What factors are driving Axle & Propeller Shaft market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Axle & Propeller Shaft market opportunities vary by end market size?

How does Axle & Propeller Shaft break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.