Automotive Axle and Propeller Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The demand for automotive axle and propeller shaft is on the rise with increasing demand for passenger cars and commercial vehicles. The growing demand for luxury vehicles in developing countries and the commercialization of new technologies is resulting in the growth of lightweight vehicles. Key market manufacturers are shifting their focus towards expanding their geographical reach, along with investments in new product developments in the coming years.

MARKET SCOPE

The "Global Automotive Axle and Propeller Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive axle and propeller market with detailed market segmentation by axle type, shaft type, application, and geography. The report provides key statistics on the market status of the leading automotive axle and propeller market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• Based on axle type, the global automotive axle and propeller market is segmented into live axle, dead axle and tandem axle.
• On the basis of shaft type, the market is segmented into single piece and multi piece.
• Based on application, the global automotive axle and propeller market is segmented into passenger cars and commercial vehicles.

MARKET DYNAMICS
Drivers:

• Increase in vehicle sales and changing end-user preferences.
• Technological advancements in the field are further likely to promote market growth.
• The growing demand for all-wheel-drive (AWD) vehicles is expected to provide growth prospects for the players of the automotive axle and propeller shaft market in the coming years.

Restraints:

• Fluctuations in raw material prices may negatively impact the growth of the automotive axle and propeller shaft market during the forecast period.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive axle and propeller market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive axle and propeller market in these regions.

IMPACT OF COVID-19 ON AUTOMOTIVE AXLE AND PROPELLER MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Automotive Axle and Propeller Market Report Analysis

Automotive Axle and Propeller Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• American Axle Manufacturing, Inc.
• Dana Limited
• Gestamp Automoción S.L.
• IFA Rotorion (IFA Group)
• JTEKT Corporation
• Meritor, Inc.
• RSB Group
• Showa Corporation
• Wahan Engineering Corporation

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Axle Type

• Live Axle
• Dead Axle
• Tandem Axle

By Shaft Type

• Single Piece
• Multi Piece

By Application

• Passenger Cars
• Commercial Vehicles

MARKET PLAYERS

The report covers key developments in the automotive axle and propeller market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive axle and propeller market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive axle and propeller in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive axle and propeller market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• American Axle Manufacturing, Inc.
• Dana Limited
• Gestamp Automoción S.L.
• IFA Rotorion (IFA Group)
• JTEKT Corporation
• Meritor, Inc.
• RSB Group
• Showa Corporation
• Wahan Engineering Corporation
• ZF Friedrichshafen AG

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Axle and Propeller Market Report Scope