Press release
Automotive Axle & Propeller Shaft Market Grow USD 45.3 Billion by 2030, Driven by Innovation & Rising Vehicle Production
Automotive Axle & Propeller Shaft Market
☑️ Request Sample Pages - https://www.alliedmarketresearch.com/request-sample/1744
👉 Increase in production & sales of vehicles, rise in adoption of electric vehicles, surge in aftermarket demand for axle & propeller shaft from emerging economies, and rise in demand for comfortable & fuel efficient vehicles drive the growth of the global automotive axle & propeller shaft market. However, varying prices of raw materials and concerns related to vehicle recall & regulatory restrain the market growth. On the other hand, rise in demand for all-wheel drive vehicles and surge in use of lightweight materials for manufacturing of axle & propeller shafts create new opportunities in the coming years.
👉 The adoption of electric vehicles has been observed across the world. Several manufacturers are developing lightweight parts axles in order to improve performance of electric vehicle. Moreover, manufacturers are also developing & integrating aluminum based parts in automobiles as it aids in reduction in weight of vehicle. Henceforth, rise in adoption of electric vehicle is one of the factors that drive the growth of the market.
The report offers detailed segmentation of the global automotive axle & propeller shaft market based on type, vehicle type, sales channel, and region.
👉 By type, the automotive axle & propeller shaft market is segregated into live axle, dead axle, tandem axle, single piece propeller shaft, multi piece propeller shaft, and slip in tube propeller shaft. Single piece propeller is widely utilized due to its low weight as compared to other propeller shaft and high torsional strength. Generally, single piece propeller shaft finds application in passenger cars where distance between engine and differential is less.
☑️ Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/1744
👉 By vehicle type, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment dominated the market in 2020. Increase in demand for passenger vehicles from emerging economies, enhanced need for high performing & fuel-efficient vehicles, and introduction of stringent emission regulations drive the growth of this segment.
👉 Asia-Pacific is expected to dominate the automotive axle & propeller shaft market owing to increase in demand for passenger vehicles from China, Japan, and India. In January 2021, vehicle sales in China experienced rise of 29.5% as compared to the previous year. Greater vehicle production in the emerging economies of China, Japan, Taiwan, and India, coupled with increased adoption of fuel efficient vehicles contribute to the market growth in Asia-Pacific.
👉 The significant factors that impact the growth of the automotive axle & propeller shaft market comprises growth in production & sale of vehicles across the globe, increase in adoption of electric vehicle, greater aftermarket demand for axle and propeller shaft from emerging economies, and surge in demand for comfortable & fuel efficient vehicles. Moreover, fluctuating prices of raw materials and vehicle recall & regulatory concerns are the factors that hamper the market growth. Surge in demand for all wheel drive vehicles, and increase in use of lightweight material for manufacturing of axles and propeller shafts are expected to offer growth opportunities during the forecast period.
By Type
Live Axle
Dead Axle
Tandem Axle
Single Piece Propeller Shaft
Multi Piece Propeller Shaft
Slip in Tube Propeller Shaft
☑️ Request for Customization at - https://www.alliedmarketresearch.com/request-for-customization/1744
👉 Leading players of the global automotive axle & propeller shaft market analyzed in the research include
American Axle & Manufacturing, Inc.,
Gestamp Automocion,
Dana Incorporated,
Hyundai Wia Corporation, S.A.,
Hitachi, Ltd.,
JTEKT Corporation,
IFA Group,
Meritor, Inc.,
Melrose Industries Plc,
ZF Friedrichshafen AG.
☑️ Procure Complete Research Report Now: https://www.alliedmarketresearch.com/automotive-axle-propeller-shaft-market/purchase-options
KEY FINDINGS OF THE STUDY
👉By type, the single piece propeller shaft segment is anticipated to exhibit significant growth in the near future.
👉By vehicle type, the passenger vehicle segment is anticipated to exhibit significant growth in the near future.
👉By sales channel, the aftermarket segment is anticipated to exhibit significant growth in the near future.
👉By region, Europe is anticipated to register the highest CAGR during the forecast period.
Similar Reports We Have on Automotive Industry:
https://www.alliedmarketresearch.com/sailboat-propellers-market - Sailboat Propellers Market - : Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/axle-shaft-market-A10725 - Axle Shaft Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/rail-axles-market-A11522 - Rail Axles Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/automotive-transaxle-market-A13884 - Automotive Transaxle Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/truck-axle-market-A13925 - Truck Axle Market - Automotive Transaxle Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/heavy-duty-truck-market-A10093 - Heavy Duty Truck Market - : Global Opportunity Analysis and Industry Forecast, 2021-2031
Contact:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
About us :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Grow USD 45.3 Billion by 2030, Driven by Innovation & Rising Vehicle Production here
News-ID: 3933469 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Axle
Rising Electric Vehicle Adoption Fuels Growth In Rear Electric Axle (E-Axle) Mar …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Rear Electric Axle (E-Axle) Market Size By 2025?
In recent years, the market size for the rear electric axle (E-Axle) has seen an overwhelming surge. The market that was valued at $47.24 billion in 2024 is predicted to rise to a whopping $57.79 billion in…
Key Influencer in the Rear Electric Axle (E-Axle) Market 2025: Rising Electric V …
What Is the Forecasted Market Size and Growth Rate for the Rear Electric Axle (E-Axle) Market?
Recent years have seen the market size for the rear electric axle (E-Axle) surge tremendously. Its growth is projected to escalate from $47.24 $ billion in 2024 to $57.79 $ billion in 2025, with a compound annual growth rate (CAGR) of 22.3%. Several factors have contributed to this growth in the historic era including the…
Trailer Axle Market Reliable and Efficient Axle Systems for Trailers | Hendricks …
Trailer Axle Market 2023 Forecast: Unveiling Opportunities and Growth
Global "Trailer Axle Market" is an exploration report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. These bits of knowledge offered in the Trailer Axle Market report would benefit request players to define systems for the future and gain a…
Automotive Axle & Propeller Shaft Market : Live Axle, Dead Axle, Tandem Axle, Si …
The automotive axle & propeller shaft market was valued at $29.3 billion in 2020, and is estimated to reach $45.3 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030.
Asia-Pacific is expected to dominate the automotive axle & propeller shaft market owing to increase in demand for passenger vehicles from China, Japan, and India. In January 2021, vehicle sales in China experienced rise of 29.5% as compared…
Driving Axle Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by …
With the increasing commercialization of new technologies for reducing the overall vehicle weight as well as boosting automotive production to meet the growing living standard of the populations are the primary factor anticipated to bolster the driving axle market in the forecast period. Furthermore, the growing requirement of long trailers and heavy commercial vehicles, particularly in North America and Europe, is anticipated to increase the driving axle market.
Download Sample Copy…
Growing Trends in Truck Axle Market 2019 by Types like Variable Truck Axle, Adju …
Global Truck Axle Market report includes the estimation of market size by value (million USD) and volume (K Units) along with top-down and bottom-up approaches have been used to examine and validate the market size of Truck Axle market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares splits, and breakdowns have been…
