Global Axle Shaft Market Growth 2023-2029

Global Axle Shaft Market Growth 2023-2029

An axle is a part of the transmission assembly of an automobile. The main purpose of an axle is to bear the weight of the vehicle and also maintain the position of wheels relative to each other and to the vehicle body. Axles can either be live-axles or non-driving axles. In an automobile, live axles help in transmitting the power from engine on to wheels via the drive shaft.
LPI (LP Information)' newest research report, the “Axle Shaft Industry Forecast” looks at past sales and reviews total world Axle Shaft sales in 2022, providing a comprehensive analysis by region and market sector of projected Axle Shaft sales for 2023 through 2029. With Axle Shaft sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Axle Shaft industry.
This Insight Report provides a comprehensive analysis of the global Axle 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 Shaft portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Axle Shaft market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Axle 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 Shaft.
The global Axle Shaft market size is projected to grow from US$ 15430 million in 2022 to US$ 17310 million in 2029; it is expected to grow at a CAGR of 17310 from 2023 to 2029.
The major players in global Axle Shaft market include GKN, NTN, SDS, etc. The top 3 players occupy about 45% shares of the global market. Europe and China are main markets, they occupy about 50% of the global market. Half Shaft is the main type, with a share about 75%. Passenger Vehicle (Ex. SUV) is the main application, which holds a share about 60%.
This report presents a comprehensive overview, market shares, and growth opportunities of Axle Shaft market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Propeller Shaft
Half Shaft
Axle Shaft
Segmentation by application
Passenger Vehicle (Ex. SUV)
SUV & Truck
Commercial Vehicle (Ex. Truck)
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
NTN
SDS
Dana
Nexteer
Hyundai-Wia
IFA Rotorion
Meritor
AAM
Neapco
JTEKT
Yuandong
Wanxiang
Showa
Lingyun
Guansheng
GNA Enterprises
Fawer
Hengli
Danchuan
Lantong
Talbros Engineering
Dongfeng
Golden
Sinotruk
Key Questions Addressed in this Report
What is the 10-year outlook for the global Axle Shaft market?
What factors are driving Axle Shaft market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Axle Shaft market opportunities vary by end market size?
How does Axle 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.