Automotive Axle and Propeller Shaft Market Size- By Axle Type, By Axle Position, By Propeller Shaft Type, By Passenger Car Propeller Shaft Material- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Automotive Axle and Propeller Shaft Market Size- By Axle Type, By Axle Position, By Propeller Shaft Type, By Passenger Car Propeller Shaft Material- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Automotive Axle and Propeller Shaft Market Introduction and Overview

According to SPER market research, ‘Automotive Axle and Propeller Shaft Market Size By Axle Type, By Axle Position, By Propeller Shaft Type, By Passenger Car Propeller Shaft Material -Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Automotive Axle and Propeller Shaft Market is predicted to reach USD 49.76 billion by 2033 with a CAGR of 4.81%.

Axles and propeller shafts are important parts of automobiles that produce momentum. Medium-carbon steel, glass fibres, thermoplastic polyamide, epoxy composite, chrome-molybdenum steel, and carbon fibres are used to make them. Axles that support the entire weight of the vehicle and transfer torque from the differential to the wheels are known as live, tandem, and dead axles. Propeller shafts, on the other hand, including multi-piece, slip-in tube, and single-piece shafts, convey torque and rotation from an engine to the wheels of a vehicle.

Globally, COVID-19 has affected every one of its businesses. Large corporations have declared a temporary suspension of operations due to lockdown and employee safety, which has effectively decreased demand and disrupted the supply chain throughout the pandemic. Small Tier II and Tier III manufacturers were forced to stop producing componentry during the COVID-19 pandemic due to cash flow issues.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Axle Type, By Axle Position, By Propeller Shaft Type, By Passenger Car Propeller Shaft Material
Regions covered
North America, Asia-Pacific, Latin America, Middle East & Africa and Europe

Companies Covered

IFA Group, JTEKT Corporation, Melrose Industries Plc, Showa Corporation, ZF Friedrichshafen AG, American Axle Manufacturing, Dana Incorporated, GKN plc, Hitachi Ltd, Hyundai Wia Corporation

Automotive Axle and Propeller Shaft Market Segmentation:

By Axle Type:Based on the Axle Type, Global Automotive Axle and Propeller Shaft Market Segmentation is segmented as: Live, Dead, Tandem.

By Axle Position:Based on the, Automotive Axle and Propeller Shaft Market Segmentation is segmented as: Front, Rear.

By Propeller Shaft Type:Based on the Propeller Shaft Type, Automotive Axle and Propeller Shaft Market Segmentation is segmented as: Single, Multi-Piece