Automotive Propeller Shaft Market: 2018 Global Analysis By Key Company - ZF Friedrichshafen, American Axle, Meritor, , Showa, GKN, Wilson drive shafts, Nexteer Automotive, JTEKT Corporation, Gestamp, Dana, D & F Propshafts, Bailey Morris limited, B & F li

Automotive Propeller Shaft Market 2018 Global Industry Analysis to 2023 report provides comprehensive information on Global Automotive Propeller Shaft Market Size, Share, Trends, Growth, And Region with Forecast To 2023. Automotive Propeller Shaft Market is categorized by 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. Global Automotive Propeller Shaft Market, to grow at 8.50% CAGR by 2023.

Automotive Propeller Shaft Market Key Players listed in report:

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).

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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.

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. Innovation such as light weight propeller shaft, have emerged in order to reduce the overall weight of the vehicle. The increase in sales of new vehicle will result in growing use of propeller shaft in the vehicle in order to drive the vehicle. It is an important component of the vehicle because it provide torque and allows the movement of the vehicle.

Market Segmentation:

The automotive propeller shaft market is segmented based on position, type, propeller shaft type, and material. On the basis of position type, the market has been segmented as front, rear, and inter-axle propeller shaft. The front wheel propeller shaft is expected to dominate the automotive propeller shaft market during the forecast period because it is the most preferred over other types. This will improve the aerodynamics of the vehicle. On the basis of 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. On the basis of propeller shaft type, the market is segmented as single, multi piece, and other. Multi piece propeller shaft is expected to dominate the market during the forecast period as it improves efficiency of vehicles.

Regional Outlook:

On the basis of region, the market has been segmented as North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to dominate the market during the forecast period due to increasing demand of propeller shaft among both OEMs and aftermarket replacement. The growing demand for propeller shaft in emerging economies such as India, china, and among others is expected to drive the market in Asia Pacific. The automotive manufacturers in Asia Pacific region are moving towards new product development and are investing heavily in research and development. The increase in new product development, is expected to drive the automotive propeller shaft market in this region. Europe is expected to be the second largest market due to the leading automotive technology providers in this region. 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.

LIST OF TABLES:

TABLE 1 GLOBAL AUTOMOTIVE PROPELLER SHAFT MARKET: BY REGION, 2017-2023

TABLE 2 NORTH AMERICA AUTOMOTIVE PROPELLER SHAFT MARKET: BY COUNTRY, 2017-2023

TABLE 3 EUROPE AUTOMOTIVE PROPELLER SHAFT MARKET: BY COUNTRY, 2017-2023

TABLE 4 ASIA PACIFIC AUTOMOTIVE PROPELLER SHAFT MARKET: BY COUNTRY, 2017-2023

TABLE 5 ROW AUTOMOTIVE PROPELLER SHAFT MARKET: BY COUNTRY, 2017-2023

TABLE 6 GLOBAL AUTOMOTIVE PROPELLER SHAFT MARKET, BY POSITION, BY REGIONS, 2017-2023

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