Global Automotive Axle & Propeller Shaft Market: Emerging Trends, Major Key Players AMERICAN AXLE & MANUFACTURING, INC and SHOWA CORPORATION

According to the report, The global Automotive Axle & Propeller Shaft market size is expected to reach $29.51 Billion by 2028 growing at the CAGR of 4.54% from 2021 to 2028. The demand for automotive axles and propeller shafts is dictated by an increase in vehicle production and sales globally, an increase in customer demand for quieter cabins, and better comfort in automobiles. The reduction in vehicle maintenance costs is another aspect driving the industry. Furthermore, the increased demand for fuel-efficient automobiles is to allow key players in this market to develop low-cost and light-weight goods, further increasing vehicle fuel efficiency.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global AUTOMOTIVE AXLE & PROPELLER SHAFT industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Automotive Axle & Propeller Shaft market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Automotive Axle & Propeller Shaft players holding highest market share include AMERICAN AXLE & MANUFACTURING, INC, SHOWA CORPORATION, JTEKT CORPORATION and NEAPCO INC. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● AMERICAN AXLE & MANUFACTURING, INC
● SHOWA CORPORATION
● JTEKT CORPORATION
● NEAPCO INC
● DANA LIMITED
● MERITOR, INC
● HYUNDAI DYMOS
● IFA ROTORION
● ZF FRIEDRICHSHAFEN AG
● GKN PLC

Segmental Analysis

Market Segment By Axle Type with focus on market share, consumption trend, and growth rate of AUTOMOTIVE AXLE & PROPELLER SHAFT Market:
o Dead axle
o Live axle
o Tandem axle

Market Segment By Propeller Shaft Type with focus on market share, consumption trend, and growth rate of AUTOMOTIVE AXLE & PROPELLER SHAFT Market:
o Single Piece
o Multi-Piece
o Slip in Tube

Market Segment By Vehicle Type with a focus on market share, consumption trend, and growth rate of AUTOMOTIVE AXLE & PROPELLER SHAFT Market:
o Two-wheeler
o Passenger Cars
o Commercial Vehicle

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Global Automotive Axle & Propeller Shaft Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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