Press release
Axle & Propeller Shaft Market to Witness Robust Expansion by 2023
Axle & Shaft is a mechanical part that translates the torque generated by a vehicle's engine into usable motive force to propel the vehicle. Axle & Shaft can be divided into propeller shaft, Rear Axle and Front Axle. The propeller shaft deliver power from an engine/transmission to the other end of the vehicle before it goes to the wheels. It is used on front engine rear wheel drive and most 4 wheel drive vehicles it couples the transmission with the rear differential. There is also a pair of shorter drive shafts often used to carry torque from a transaxle to the wheels. It is used in all kinds of vehicles and the number of half shafts varied with the drive mode.
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Global Axle & Propeller Shaft Market: Forecast by Type / Application / Region
The Axle & Propeller Shaft industry is relatively concentrated, and high-end products mainly come from North America and Western Europe. In the India wide, major manufactures mainly are GKN, AAL, NTN, Dana, Nexteer, GNA Enterprises, Sona Group, Hyundai-Wia, Talbros Engineering, AAM and etc.
The import and export business of this industry is not frequent. The main reason lies in that many international manufacturers expand their business through building factories or investments in targeted markets. Also, many major players have built up plants in developing countries, like India and Thailand.
This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Axle & Propeller Shaft starch will increase.
Over the next five years, LPI(LP Information) projects that Axle & Propeller Shaft will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Axle & Propeller Shaft Market: Key Players
American Axle & Manufacturing Holdings
GKN
AAL
NTN
Dana
Nexteer
GNA Enterprises
Sona Group
Hyundai-Wia
Talbros Engineering
AAM (American Axle & Manufacturing Holdings)
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Related Information:
United States Axle & Propeller Shaft Market Research Report 2018
Europe Axle & Propeller Shaft Market Research Report 2018
North America Axle & Propeller Shaft Market Research Report 2018
Asia-Pacific Axle & Propeller Shaft Market Research Report 2018
China Axle & Propeller Shaft Market Research Report 2018
EMEA Axle & Propeller Shaft Market Research Report 2018
Global Axle & Propeller Shaft Market Research Report 2018
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