Automotive Propeller Shaft Market, to grow at ~9% CAGR by 2030

Pune, India, February 02, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on global automotive propeller shaft market. Automotive Propeller Shaft market is expected to grow at the CAGR of around 9% during the period 2022 to 2030.


Market Highlights :


The automotive propeller shaft is mechanical component that allows back and forth movement of the vehicles. The automotive propeller shaft is used to connect the engine and the wheels to provide high torque to the vehicle. The drive shaft integrates one or more universal joints, jaw coupling, and sometimes prismatic joint. Longitudinal shaft type is generally used to deliver power from the engine to the wheels of the vehicle. The longitudinal shaft transfers power from one component to another and then to the wheels to provide rotational movement. Propeller shaft helps decide the performance of the vehicle, which makes the development of propeller shaft precise. Many automotive manufacturers are investing heavily in the research and development to innovate their product line. The light weight development of propeller shafts, is the major focus of the automotive OEMs. 


Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Automotive Propeller Shaft Market Trends


On the basis of region, the market has been segmented into the regions of North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to dominate the market during the forecast period due to an increase in the production of vehicles in emerging regions such as India, and China. The development in automotive industry have led to the emergence of new and high-tech automotive technology, which will attract the interest of the consumers. The increasing safety concerns among consumers drives them towards the safety and quality of automotive propeller shaft. The standard technology offered by the small automotive installation service provider, will be replaced by specialized automotive propeller shafts so as to meet the market expectation. This will create an opportunity for the specialized automotive market to meet the standard for the automotive propeller shaft. Europe is expected to be the second largest market for automotive propeller shaft market due to stringent norms for fuel economy, which will increase the investment in the research and development. The rise in investment in research and development for developing light weight component, is expected to drive the growth of this region in future. In Europe, there has been an increase in the preference for comfort ride by the customers, which will increase the demand for high quality propellers. North America is expected to be the third largest market during the forecast period. North America is one of the major producers of automotive propeller shafts due to the big giants in the region. Moreover, the rising demand for passenger cars have increased the demand for automotive propeller shaft, which has augmented the North American market. In North America, U.S. is expected to account for the largest market share during the forecast period. Owing to the presence of major automobile companies the demand for automotive propeller shaft has improved the market growth. U.S. is considered a mature economy but is still has a demand for passenger cars, LCV and HCV due to the rising immigrants. This will result in the growth of the market during the forecast period.


Drivers:


 Automotive Propeller Shaft


Global Automotive Propeller Shaft Market Size, 2022-2030(CAGR)


 Automotive Propeller Shaft 2


Scope of the Report


This study provides an overview of the global automotive propeller shaft market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global rear spoilers market by its position, type, propeller shaft type, and material, and region



  • By Position

  • Front

  • Rear

  • Inter-Axle Propeller Shaft

  • By Type

  • Live

  • Dead

  • Tandem Axle

  • By Propeller Shaft Type

  • Single

  • Multi Piece

  • Other

  • By Material

  • Alloy

  • Carbon Fiber

  • By Region

  • North America

  • Europe

  • Asia Pacific

  • Rest of the World


Key Players:


The key players in global automotive propeller shaft market are ZF Friedrichshafen AG (Germany), American Axle & Manufacturing, Inc. (U.S.), Meritor, Inc. (U.S.), Showa Corporation (Japan), GKN plc (U.K.), Wilson drive shafts (England), Nexteer Automotive (U.S.), JTEKT Corporation (Japan), Gestamp (Spain), Dana Holding Corporation (U.S.), D & F Propshafts (U.K.), Bailey Morris limited (England), B & F limited (U.K.), American Axle & Manufacturing Holdings, Inc. (U.S.), and Hyundai Wia Corporation (South Korea).

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Report details
Companies Covered 15
Pages 100
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.