Automotive Axle & Propeller Shaft Market expected to garner $268 billion by 2022, registering a CAGR of 4.3% to 2022| American Axle & Manufacturing, ZF Friedrichshafen, and Meritor
Check for the sample here – https://www.premiummarketinsights.com/sample/AMR00012889
The major players profiled in this report include are:
American Axle & Manufacturing, Inc, ZF Friedrichshafen AG, Meritor, Inc., Dana Limited, SHOWA Corporation, IFA Rotorion, JTEKT Corporation, HYUNDAI DYMOS, GKN plc, Neapco Holdings LLC, CIE Automotive USA, Inc., Colfor Manufacturing, Inc., Dexter Axle Company, Fabco Automotive Corporation, NTK Precision Axle Corporation, Sypris Technologies, LLC, Westport Axle Corporation, and Magna International Inc.
Purpose of the automotive axle is to transfer the driving torque from the differential to the vehicle's driving wheels whereas propeller shaft transfers the torque from gearbox to differential. Propeller shafts are widely used in vehicles where the distance between engine and differential is large. Increase in production of vehicles and increasing demand for comfort while driving the vehicle boosts the market growth. However, volatile prices of raw material used for manufacturing axle & propeller shaft such as steel, aluminum, and alloy of carbon restrain the market growth. Irrespective of these challenges, an increase in demand for the fuel-efficient vehicle is expected to provide an opportunity for the key market players in this market to provide low cost and fuel-efficient components. 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.
The axle type segment is further divided into a live axle, dead axle, and tandem axle. As of 2015, live axle accounted for the largest revenue among others and is anticipated to witness the highest growth rate of 4.5% CAGR among others owing to increase in demand for all-wheel drive (AWD) vehicles. Whereas, the tandem axle is anticipated to witness moderate growth during the forecast period. This is mainly due to the increase in a number of heavy commercial vehicles such as heavy-duty buses and trucks.
Propeller shaft segment is further classified into a single piece, multi-piece, and slip in a tube. The single-piece propeller shaft is expected to maintain its lead throughout the forecast period due to the increase in the number of passenger cars and light commercial vehicle. Single piece propeller shaft finds its application majorly in passenger cars and light commercial vehicle (LCV). In addition, the major advantage of equipping vehicles with single-piece propeller shaft is minimum wear and tear owing to less moving parts as compared to another type of propeller shaft. Whereas, slip in tube propeller shaft is anticipated to witness the highest growth rate among others, owing to its benefits such as absorbing crash energy, as it can be compressed in the event of a crash.
The vehicle type segment is further divided into two-wheeler, passenger cars, and commercial vehicles. Passenger car segment is anticipated to maintain its dominant position throughout the analysis period. This is mainly due to the increase in the number of passenger cars, such as BEV, HEV, and conventional fuel cars. Two-wheeler segment is anticipated to witness the highest growth rate owing to the increase in a number of electric and conventional two-wheelers in developing economies, such as China, India, and Brazil.
Asia-Pacific accounted for the majority of revenue in 2015 and is expected to maintain its dominance throughout the forecast period. This is attributed to the increased adoption of electric vehicle and an increase in sales of vehicles in developing countries, such as China, India, Singapore, and Malaysia.
However, Asia Pacific is projected to be the fastest-growing region throughout the analysis period. North America dominates the market in terms of commercial vehicles production, a majority of commercial vehicles suppliers are located in this region.
For Purchase this report: https://www.premiummarketinsights.com/buy/AMR00012889
Key Findings of Automotive Axle & Propeller Shaft Market Study:
• In 2015, live axle led the overall automotive axle revenue and is projected to grow at a CAGR of 4.5% during the forecast period.
• In 2015, single-piece propeller led the overall automotive propeller shaft revenue and is projected to grow at a CAGR of 7.3% during the forecast period.
• Slip in tube propeller shaft segment is expected to grow at a remarkable CAGR of 8.5%, owing to the advantage such as help in crash energy management.
• Passenger car segment is projected to generate the largest revenue in the world automotive axle & propeller shaft market.
• Two-wheeler segment is projected to grow at a CAGR of 6.7% during the analysis period.
• China is the major shareholder accounting for about half share of the Asia-Pacific automotive axle & propeller shaft market.
• The key players in the automotive axle & propeller shaft market are focused to expand their business operations in the fast-growing emerging countries with new product launches as a preferred strategy.
Name: Sameer Joshi
Organization: Premium Market Insights
About Premium Market Insights:
Premium Market Insights is a one-stop-shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose the most relevant and cost-effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you with your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Axle & Propeller Shaft Market expected to garner $268 billion by 2022, registering a CAGR of 4.3% to 2022| American Axle & Manufacturing, ZF Friedrichshafen, and Meritor here
News-ID: 1832200 • Views: 645
More Releases from Premium Market Insights
Video Streaming Market Will Generate Massive Revenue in Future |Tencent Holdings …
In video streaming the data from a video file is continuously delivered via the Internet to a remote user. By using video streaming platforms, user can view a video online without being downloaded on a host computer or device. Video streaming technology helps organizations to modernize their daily operations such as live table conferences, scheduling meetings, and interacting internally with customers or clients, which is increasing its adoption among the
Workforce Analytics Market to See Massive Growth by 2026 | With Top Companies Or …
Global Workforce Analytics Market Analysis to 2026 is a specialized and in-depth study of the Workforce Analytics industry with a focus on the global market trend. The research report on Workforce Analytics Market provides comprehensive analysis on market status and development pattern, including types, applications, rising technology and region. Workforce Analytics Market report covers the present and past market scenarios, market development patterns, and is likely to proceed with a
TV Analytics Market Set for Rapid Growth during 2020 - 2026 | IBM Corporation, G …
TV analytics can be termed as an analyzing system which covers the viewer's preferences and analyses the product and brand exposure for the companies, by delivering more of the same content to the user according to his/her viewing behavior. It analyses the raw data based on the location of the user or customer who is viewing the content from and delivers the analysis of the user behavior to the enterprise.
IT Outsourcing Managed Service Market Growing Technology Trends 2027 - Cognizant …
IT outsourcing is the process of contracting out the management and maintenance of the company's technology systems and service to other companies. IT outsourcing and managed service provide advantages such as reduced risk, expert support, and cost optimization. The growing focus of the financial institutions towards outsourcing the IT operations is expected to drive the growth of IT outsourcing managed service market. Request for sample report@: https://bit.ly/2X7kgEO Top Companies Covered in this
More Releases for Axle
Global Trailer Axle Market Growth 2019-2024
This report studies the Trailer Axle market. An axle is a central shaft for a rotating wheel or gear. On wheeled vehicles, the axle may be fixed to the wheels, rotating with them, or fixed to the vehicle, with the wheels rotating around the axle. In the former case, bearings or bushings are provided at the mounting points where the axle is supported. In the latter case, a bearing or bushing
Automobile Rear Axle Assembly Market Report 2018: Segmentation by Product (Integ …
Global Automobile Rear Axle Assembly market research report provides company profile for ROC Spicer, Daimler Trucks North America, American Axle Manufacturing, Meritor, GNA Axles, Talbros Engineering and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025,
Global E-Axle Market 2018-2023
Mobility Foresights added new syndicated report titled “Global E-Axle Market 2018-2025” Key contents of the report include- • Market size and Forecast segmented by, Application (Passenger and Commercial Vehicles),(BEV and PHEV,),Power output(250hp),Geography(US, Europe, China, Asia Excluding China and Rest of the World) • Market Dynamics(Trends, Drivers and Challenges) • Market share and competitive landscape of e-axle manufacturers by application segment • 12 Company profiles Introduction As nearly every mobility segment will get some degree of electrification to cut down on
Automotive Axle Market Report 2018: Segmentation by Product (Front Axle, Rear Ax …
Global Automotive Axle market research report provides company profile for HANDE Axle, BENTELER, Sichuan Jianan, KOFCO, Gestamp, AAM, Meritor, DANA, ZF, PRESS KOGYO and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report
Choosing Tandem Trailers over Single Axle Trailer
When you face the decision to purchase a trailer, you may be disconcerted with all the types and options available on the market these days. Depending on your current and future needs, the difference between single and tandem trailers may be quite obvious. If you need to drag heavier load on any highway and weather conditions – a tandem axle trailer is the best choice for you. This type of trailer
Electric Axle Drive System Market 2017 -
Apex Research, recently published a detailed market research study focused on the "Electric Axle Drive System Market" across the global, regional and country level. The report provides 360° analysis of "Electric Axle Drive System Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Electric Axle Drive System industry, and estimates the future