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Global Automotive Axle and Propeller Shaft Market Industry Trend, Size, Share, Development And Forecast To 2032| Major Key Players Are Dana Corporation, American Axle and Manufacturing Inc., Gelenkwellen-Service GmbH, GKN-Walterscheid GmbH, Hyundai Wia Co
Automotive Axle And Propeller Shaft Market
As per the Automotive Axle and Propeller Shaft Market report by The Business Research Company, the increase in demand for comfortable and fuel-efficient vehicles is expected to propel the growth of the automotive axle and propeller shaft market going forward. Fuel-efficient vehicles can be referred to as vehicles that have a fuel consumption of fewer than 6 litres per 100 km, which reduces global warming emissions and produces less pollution.
The global automotive axle and propeller shaft market size grew from $28.96 billion in 2022 to $30.95 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The automotive axle and propeller shaft market size is expected to grow to $39.72 billion in 2027 at a CAGR of 6.4%.
Read More On The Automotive Axle and Propeller Shaft Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-axle-and-propeller-shaft-global-market-report
Major competitors in the Automotive Axle and Propeller Shaft Market include Dana Corporation, American Axle and Manufacturing Inc., Gelenkwellen-Service GmbH, GKN-Walterscheid GmbH, Hyundai Wia Corporation, IFA Rotorion, JTEKT Corporation, Meritor Inc., ZF Friedrichshafen AG, Korea Flange Co. Ltd., Wahan Engineering Corporation, Automotive Axles Limited, Bailey Morris Ltd., D And F Propshafts, Mark Williams Enterprises Inc., and Wilson Drive Shafts.
The Automotive Axle and Propeller Shaft Market is segmented -
By Type: Single Piece, Multi Piece
By Propeller Shaft Type: Front Propeller, Inter-Axle, Rear Propeller
By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
By Material: Alloy, Carbon Fiber
By Sales Channel: Original Equipment Manufacturer, Aftermarket
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Axle and Propeller Shaft Market.
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An automotive axle is a rod or a shaft that rotates the wheels and supports the vehicle's entire weight, whereas propeller shafts are a component of an axle system that helps to transmit torque between the transmissions. The automotive axle and propeller shaft are used to transmit and provide torque and rotation to the wheels of the vehicle.
The Table Of Content For The Automotive Axle and Propeller Shaft Market Include:
1. Executive Summary
2. Automotive Axle And Propeller Shaft Market Characteristics
3. Automotive Axle And Propeller Shaft Market Trends And Strategies
4. Automotive Axle And Propeller Shaft Market - Macro Economic Scenario
5. Automotive Axle And Propeller Shaft Market Size And Growth
……
27. Automotive Axle And Propeller Shaft Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Axle And Propeller Shaft Market
29. Automotive Axle And Propeller Shaft Market Future Outlook and Potential Analysis
30. Appendix
The "Global Automotive Axle and Propeller Shaft Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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