New study on Axle & Propeller Shaft Market: In-Depth Analysis on Market Challenges, Revenue and leading Key companies (GKN, AAL, NTN, Dana, Nexteer, GNA) | Foreseen till 2022

Businessindustryreports have new report on “Global Axle & Propeller Shaft Market 2018-2022”. The report provides the newest industry data and industry future trends. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size. 

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The Propeller shaft and automotive axle are the key components in generating momentum in vehicles by transferring torque from differential to wheels and engine to differential respectively. Axles transfer torque from differential to wheels or serve only as a support for vehicle loads while providing the mounting for wheel assembly. The type of axle depends on the position and function of axle. Commercial vehicles such as heavy trucks, medium duty trucks, and buses may integrate more than two live axles depending on the application and role of the vehicle, whereas most of the passenger cars are integrated with one live axle & one dead axle.

Propeller shaft also called as drive shaft, it is used to transfer torque from the engine to the differential of the vehicle. Propeller shaft are integrated with the differential using one or more universal joints or jaw couplings. Propeller shafts are capable of transferring large amount of torque with minimum power loss as compared to belt and chain drive systems.

Increasing consumer’s preference towards SUVs and RWD passenger cars as well as consistent growth in overall vehicle production have triggered the growth of the live axle market. Growing demand for passenger cars is expected to positively impact the live axle market.

Key Players:

1 GKN 

2 AAL 

3 NTN 

4 Dana 

5 Nexteer 

6  GNA Enterprises 

7 Sona Group and more...

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Furthermore, the demand for automotive axles and propeller shafts is governed by increase in production and sales of vehicles globally and increase in customer demand for quieter cabin & increased comfort in vehicles. In addition, reduction in maintenance cost of the vehicle is another factor that drives the market. However, volatile price of raw material such as steel and alloy of carbon and aluminium used for manufacturing of axles and propellers slows down the market growth. Moreover, increase in demand of fuel efficient vehicle is expected to provide opportunity for the key players in this market to provide low cost and light weight products further increases fuel efficiency of vehicles. Increase in adoption of all wheel drive (AWD) vehicles mostly in North America and Europe has further spurred the demand for axles and propeller shafts.

Regions:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

Industry Segmentation:

1 Passenger Car (PC) 

2 Light Commercial Vehicle (LCV) 

3 Heavy Commercial Vehicle (HCV) 

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Table of Content:

1 Axle & Propeller Shaft Product Definition

2 Global Axle & Propeller Shaft Manufacturer Share and Market Overview

3 Manufacturer Axle & Propeller Shaft Business Introduction

4 Global Axle & Propeller Shaft  Market  Segmentation (Region Level)

5 Global Axle & Propeller Shaft Market Segmentation (Product Type Level)

6 Global Axle & Propeller Shaft Market Segmentation (Industry Level)

7 Global Axle & Propeller Shaft Market Segmentation (Channel Level)

8 Axle & Propeller Shaft Market Forecast 2018-2022

9 Axle & Propeller Shaft Segmentation Product Type

10 Axle & Propeller Shaft Segmentation Industry

11 Axle & Propeller Shaft Cost of Production Analysis

12 Conclusion

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