The Global Automotive Axle & Propeller Shaft Market Research Report discovers diverse topics such as regional market scope, product market various applications, market size according to specific product, sales and revenue by region, manufacturing cost analysis, Industrial Chain, Market Effect Factors Analysis, market size forecast, and more. It commits different factors affecting industry such as market environment, various policies of the government, past data and market trends, technological advancements, upcoming innovations, market risk factors, market restraints, and challenges in the industry.
Global automotive axle & propeller shaft market is set to witness a steady CAGR of 3.10% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing AWD vehicles and rising e-mobility trend are the factors for the growth of this market.
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Key Market Competitors:
Few of the major competitors currently working in the global automotive axle & propeller shaft market are ZF Friedrichshafen AG, Melrose Industries PLC, Dana Limited, American Axle & Manufacturing, Inc., Meritor, Inc., SHOWA Corporation, HYUNDAI WIA CORP, Gestamp Automoción, JTEKT Corporation, IFA Group, Automotive Axles Limited, Mark Williams Enterprises Inc., White Technologies Inc., Johnson Power Ltd, Wilson Drive Shafts, Nexteer Automotive, D & F Propshafts, Bailey Morris Ltd.
Market Definition: Global Automotive Axle & Propeller Shaft Market
Propeller shaft is a shaft which is used to carry screw propeller and has the ability to transfer power from engine to propeller. It is also known as carden shaft and there main function is to transfer power from the gearbox to rear axle. These axle and propeller shaft are made of material such as carbon, alloy and fiber. They are very important for the overall functioning of the vehicle. The axle tolerates the overall weight of the vehicle. Rising demand for vehicle worldwide is the factor fuelling the growth of this market.
Table of Content:
01: Executive Summary
02: Scope of The Report
03: Market Landscape
04: Market Sizing
05: Market Segmentation by Product
06: Five Forces Analysis
07: Customer Landscape
08: Geographic Landscape
09: Decision Framework
10: Drivers and Challenges
11: Market Trends
12: Vendor Landscape
13: Vendor Analysis
Global automotive axle & propeller shaft market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive axle & propeller shaft market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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- Increasing vehicle production will drive the market growth
- Technological advancement and development in automotive axle & propeller shaft will also propel market growth
- Rising prevalence for aluminium propeller shaft will drive the market growth
- Growing demand for electric vehicles is another important factor contributing as a driver for this market
- Volatility in the price of the raw material will also hamper the market
- Increasing problem associated with the weight and cost reduction will also restrain the growth of this market
- Increasing regulatory concern and vehicle recall will also restrain market
Key Developments in the Market:
- In May 2019, Meritor, Inc announced that they have acquired AxleTech. The main aim of the acquisition is to increase their sales and strengthen their presence in the market. This will also help them in expanding their portfolio in defense, specialty and off highway. AxleTech new technologies will help them to make advance changes in their M2022 stratergy.
- In April 2018, American Axle & Manufacturing (AAM) and Liuzhou Wuling Automobile Industry Co. announced that together they are going to develop driveline systems. This will help the Liuzhou AAM to expand their business in both electric and conventional drive axle market and will be able to meet the need and requirement of their customers.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2026.
- Detailed overview of parent market
- Changing market dynamics of the industry
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