According to a new market research report published by Market Research Future Automotive Propeller Shaft Market Analysis From 2019 to 2023 Position (Front, Rear, and Inter-Axle Propeller Shaft), Type (Live, Dead, and Tandem Axle), Propeller Shaft Type (Single, Multi Piece, and Other), Material (Alloy, and Carbon Fiber), and region, the global Automotive Propeller Shaft market accounted to hit the notable market value in 2023 and expected to witness strong CAGR across the forecast period through 2019 to 2023. Report provides comprehensive information on Global Automotive Propeller Shaft Market key players, share, Sales, revenue, industry size in terms of volume.
Key Companies Covered:
American Axle & Manufacturing, Inc. (U.S.), Bailey Morris Limited (England), B & F limited (U.K.), Dana Holding Corporation (U.S.), D & F Propshafts (U.K.), GKN plc (U.K.), Gestamp (Spain), Hyundai Wia Corporation (South Korea), JTEKT Corporation (Japan),Meritor, Inc. (U.S.), Nexteer Automotive (U.S), Showa Corporation (Japan), Wilson drive shafts (England), and ZF Friedrichshafen AG (Germany).
Free Sample Copy of Automotive Propeller Shaft Market Research Report Global Forecast to 2023 available at: https://www.marketresearchfuture.com/sample_request/5370
Automotive Propeller Shaft Industry Insight:
Automotive propeller shaft is a mechanical component that is used to drive the wheels and transmitting torque. The propeller shaft is usually used to connect other components of the drive train that cannot be connected directly due to far distance between the two components. According to the latest report by Market Research Future (MRFR), the global automotive propeller shaft market is expected to record a substantial valuation over the review period at steady CAGR.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
The factors that are responsible for the growth of automotive propeller shaft market are technology innovation in the materials, growth in the automotive industry, and increase in the sales of the new vehicle. The innovation in technology in the automotive propeller shafts, is expected to drive the market in future. The growing consumer demand for innovative and up-to-date automobiles such as commercial vehicles and passenger cars has risen the need for the high quality of automobile components as well. This is expected to fuel market growth over the forecast period.
Automotive Propeller Shaft Market Segment Analysis:
The automotive propeller shaft market is segmented based on position, type, propeller shaft type, and material.
Based on the position type, the market for automotive propeller shafts has been segmented as the front, inter-axle, and rear propeller shaft. The front-wheel propeller shaft is estimated to lead the automotive propeller shaft market over the forecast period because it is the most consumer-preferred in comparison to other position types since it improves the aerodynamics of the vehicle.
Based on type, the market has been segmented as live, dead, and tandem axle. The live axle segment is expected to dominate the market during the forecast period because it provides increased optimization of vehicle performance and higher torque.
Based on the propeller shaft type, the global market for automotive propeller shafts is segmented as multi-piece, single, and other. The multi-piece propeller shaft is anticipated to dominate the market over the review period as it improves the efficiency of vehicles.
Regional Outlook:
The global Automotive Propeller Shaft Market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW)
The Asia Pacific region is likely to dominate the global automotive propeller shaft market during the assessment period owed to the rising demand for propeller shaft among both, aftermarket replacement and OEMs. The increasing demand for propeller shaft in developing economies such as China, India, and among others is anticipated to drive the automotive propeller shaft market in the Asia Pacific.
North America is expected to be the third largest market in automotive propeller shaft, in which U.S. is the major contributor. In U.S., the major focus is to reduce the weight of the vehicle. The reduced weight propeller shaft is expected to drive the market in this region.
North America is expected to be the third-largest market in automotive propeller shafts, in which the U.S. accounts for the significant market share and is the major contributor.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL AUTOMOTIVE PROPELLER SHAFT MARKET FOR TOP FIVE COUNTRIES
TABLE 4 IMPORT ANALYSIS OF AUTOMOTIVE PROPELLER SHAFTS, 2013-2017 (UNITS)
TABLE 5 EXPORT ANALYSIS OF AUTOMOTIVE PROPELLER SHAFTS, 2013-2017 (UNITS)
TABLE 6 PROPORTION OF MANUFACTURING COST STRUCTURE
TABLE 7 LABOR COST ANALYSIS
Continued…
List of Figures:
FIGURE 1 GLOBAL AUTOMOTIVE PROPELLER SHAFT MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 20
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 4 DROC ANALYSIS OF GLOBAL AUTOMOTIVE PROPELLER SHAFT MARKET 25
FIGURE 5 INTERNATIONAL TOURIST ARRIVALS, 2016 VS 2017 (MILLION) 26
FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL AUTOMOTIVE PROPELLER SHAFT MARKET 27
FIGURE 7 RESTRAINTS IMPACT ANALYSIS: GLOBAL AUTOMOTIVE PROPELLER SHAFT MARKET 28
FIGURE 8 SUPPLY CHAIN: GLOBAL AUTOMOTIVE PROPELLER SHAFT MARKET 31
FIGURE 9 PORTERS FIVE FORCES MODEL: GLOBAL AUTOMOTIVE PROPELLER SHAFT MARKET 32
FIGURE 10 MARKETING CHANNEL OF AUTOMOTIVE PROPELLER SHAFT 40
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