Worldwide Automotive Axle and Propeller Shaft Market Technology and Research - Industry Analysis, Overview, Trends and Forecast Till 2020

Research Beam added report on “Global Automotive Axle & Propeller Shaft Market Overview, Analysis, Demand, Report, Trends, Growth and Research – World Automotive Axle & Propeller Shaft Market by Axle & Propeller Shaft Type (Axle Type [Dead Axle, Live Axle, and Tandem Axle] and Propeller Shaft Type [Single Piece, Multi Piece, and Slip in Tube]) and Vehicle Type (Two wheeler, Passenger Cars, and Commercial Vehicle) - Global Opportunity Analysis and Industry Forecast, 2014-2022”

Research Beam study says automotive axle & propeller shaft market is expected to garner $268 billion by 2022, registering a CAGR of 6.7% during the forecast period 2015-2020, Request Sample Copy @ http://www.researchbeam.com/automotive-axle-propeller-shaft-market/request-sample

Automotive axle and propeller shafts are the key components in generating momentum in vehicles by transferring torque from differential to wheels and engine to differential respectively. Axles transfer torque from differential to wheels or serve only as a support for vehicle loads while providing the mounting for wheel assembly. The type of axle depends on the position and function of axle. Commercial vehicles such as heavy trucks, medium duty trucks, and buses may integrate more than two live axles depending on the application and role of the vehicle, whereas most of the passenger cars are integrated with one live axle & one dead axle. Propeller shaft also known as drive shaft is used to transfer torque from the engine to the differential of the vehicle. Propeller shaft are integrated with the differential using one or more universal joints or jaw couplings. Propeller shafts are capable of transferring large amount of torque with minimum power loss as compared to belt and chain drive systems.

Market Segmentation

The market is segmented on the basis of axle & propeller shaft type, vehicle type, and geography. Axle & propeller shaft type segment is further bifurcated into axle type (dead axle, live axle, and tandem axle) and propeller shaft type (single piece, multi piece, and slip in tube). Vehicle type segment is divided into two wheelers, passenger cars, and commercial vehicle. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is divided into U.S, Canada, and Mexico, whereas Europe is classified into Germany, France, Italy, U.K., and Rest of Europe. Asia-Pacific is further bifurcated into China, Australia, Japan, India, and Rest of Asia-Pacific. Latin America, Middle East, and Africa are considered under LAMEA.

The demand for automotive axles and propeller shafts is governed by increase in production and sales of vehicles globally and increase in customer demand for quieter cabin & increased comfort in vehicles. In addition, reduction in maintenance cost of the vehicle is another factor that drives the market. However, volatile price of raw material such as steel and alloy of carbon and aluminum used for manufacturing of axles and propellers slows down the market growth. Moreover, increase in demand of fuel efficient vehicle is expected to provide opportunity for the key players in this market to provide low cost and light weight products further increases fuel efficiency of vehicles. 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.

Key Benefits of the Report
The report includes an extensive analysis of the factors that drive as well as restrain the world automotive axle and propeller shaft market.
The market projections from 2014 to 2022 are included along with the affecting factors.
The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the situations prevailing in the market.
An in-depth analysis of key segments demonstrates stakeholders with different types of axle and propeller shaft used in vehicles.
Competitive intelligence highlights the business practices followed by leading market players across various geographies.

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