Automotive Axle & Propeller Shaft Market

Automotive Axle & Propeller Shaft Market by Axle Type (Live, Dead & Tandem), Axle Position (Front & Rear), Propeller Shaft Type (Single & Multi-Piece), Passenger Car Propeller Shaft Material (Alloy & Carbon Fiber) and Region - Global Forecast to 2025

Report Code: AT 3160 Jul, 2020, by marketsandmarkets.com
COVID-19

Get in-depth analysis of the COVID-19 impact on the Automotive Axle & Propeller Shaft Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Automotive Axle & Propeller Shaft Market

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[218 Pages Report] The global automotive axle and propeller shaft market size is expected to grow at a CAGR of 3.2%, by value, during the forecast period. As per our post-COVID forecasts, the market is estimated to reach USD 21.7 billion in 2020 and is projected to achieve USD 25.4 billion by 2025. Post-COVID, factors that push the market forward are a steady increase in vehicle production, demand for luxury vehicles, AWD vehicles, and commercialization of new technologies towards light-weighting of the overall vehicle is expected to drive the automotive axle and propeller shaft market

Automotive Axle & Propeller Shaft Market

Covid-19 Impact On Automotive Axle and Propeller Shaft Market

The automotive axle and propeller shaft market includes major Tier I and II suppliers like ZF, GKN Automotive, Dana Incorporated, Meritor, Automotive axle & manufacturing, and others. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Middle East & Africa. COVID-19 has impacted all of its businesses globally; these players have announced a temporary shutdown of production due to lockdown and also to protect the safety of their employees, which basically created lowered demand and supply chain disruptions in US, France, Germany, Italy, and Spain during the COVID-19 pandemic. As a result, the demand for overall automotive production has decline, which directly affects the automotive axle and propeller shaft market in 2020. Going forward, manufacturers are likely to adjust production to prevent bottlenecks and plan production according to demand from OEMs and tier 1 manufacturers.  

Major OEM manufacturers lost revenues in Q1 and Q2 2020, in Q3 2020. Vehicle production is likely to resume, however, not at full capacity due to the severity of the pandemic, due to which, especially in the US and major European countries, tier 1 players suspect a further decline in revenue in the remaining quarters of 2020.

Automotive Axle and Propeller Shaft Market: Market Dynamics:

Driver: Increase In Demand For Vehicle Production

The stringent fuel efficiency regulations in developed, as well as developed markets, have fueled the R&D of better technologies. The research is focused on the development of drivetrain & chassis components that minimize power loss and increase the efficiency of the vehicle by transferring more power from the engine to the wheels. With increasing power requirements in heavy-duty applications, shafts with higher stress handling capabilities are being demanded. This reduces the maintenance cost and downtime of the vehicle, which improves the efficiency of the commercial vehicles in terms of operation. Japan is a technologically advanced automotive market where small cars are preferred owing to their fuel efficiency and lower CO2 emissions. Japan is home to OEMs such as Honda Motor Company, Ltd., Mitsubishi Motors Corporation, and Toyota Motor Corporation, which have successfully established a global footprint with a specific focus on quality and fuel-efficient vehicles. Japan is also a leader in the usage of carbon fiber in automotive applications, and companies such as Mitsubishi Rayon Co., Ltd. and Toray Industries, Inc. serve the carbon fiber automotive market in Japan. Axles and propeller shafts are being developed to handle increased operating stress in sectors such as construction, long haul, and mining to reduce downtime. Thus, advancement in technologies to optimize overall vehicle performance would boost the axle and propeller shaft market.

Restraint: Fluctuating prices of raw materials

The global commodity market has been experiencing price volatility in the current years. This has adversely affected commodities like steel and aluminum, the principle raw materials of the axle, and the propeller shaft market. Along with raw materials, the prices of semi-finished products such as castings, forgings, bearings, and other components have also witnessed a similar trend. Suppliers, as well as manufacturers, are also under constant pressure from OEMs to reduce their prices. This trend might affect the automotive axle and propeller shaft market. However, the impact will be limited.

Opportunity: Growing market for AWD vehicles

The market demand for AWD vehicles is increasing owing to the increased need for stability, safety, and driving dynamics from end-users. AWD vehicles offer the advantage of better traction in harsh weather conditions and off-road applications along with an increase in fuel efficiency than conventional drivetrains. The increase in the adoption of such vehicles is directly proportional to the increasing demand for propeller shafts.

The market for AWD vehicles is also growing owing to the increased demand for SUVs—one of the biggest adopters of this drivetrain. Currently, many passenger cars and SUVs in the US have an RWD or AWD drivetrain. Hence, the demand for live axles has grown consistently in North America. Thus, the market for automotive axle and propeller shaft would rise.

Challenges: Growing government initiative for weight and cost reduction

As environmental norms become more stringent and consumers demand vehicles with better fuel efficiency, automotive suppliers are looking at lighter components for weight reduction to meet the demand for lower emissions and better mileage. High strength steel and aluminum offer approximately 20% and 40% weight advantage but at an increased cost range of 15–30%. Tier I suppliers are developing lightweight solutions through technological advancements without compromising on the structural strength of the components. For instance, the use of carbon fiber epoxy composite instead of conventional metals for manufacturing propeller shafts. But the cost of using such advanced and expensive technologies has resulted in increasing the overall production cost.

Automotive Axle & Propeller Shaft Market Ecosystem

Single Piece Leads the Automotive Propeller Shaft Segment Under the Forecast Period

The single piece is estimated to be the largest market for automotive propeller shaft market during the forecast period. The single-piece propeller shaft is usually preferred in light-duty vehicles owing to the lesser distance between the engine and the rear axle along with benefits such as minimal frictional as well as mechanical losses. Also, these single-piece shafts are lighter in weight than multi-piece, which offers efficient performance at a higher speed. Due to these factors, the single-piece propeller shaft holds the largest share during the forecast period.

Live Axle Segment is Expected to be the Largest Market, by Axle Type, During the Forecast Period

The live axle segment is set to register the largest market as compared with dead and tandem axles. Increasing focus towards optimizing vehicle performance and delivering higher torque would augment the live axle market. Also, growing vehicle production, as well as engineering advancements to cater to the changing customers' needs, would drive the market.

Alloy is Estimated to be the Highest Consumed Material During the Forecast Period

Alloys hold the maximum market share in the passenger car propeller industry. A majority of passenger car and light commercial vehicles are installed with propeller shaft made up of alloy material owing to its benefits such as satisfactory strength, stiffness, and lower cost. However, in case of high-speed performance, and efficient torque requirement, either the diameter of the metal shaft needs to be increased, or manufactured in the form of two or three-piece component. The shaft joints and couplings handle the service loads, high angles, terrain change, and need to have a support structure that further results in increased weight. Hence, the ongoing trend is shifting to design and develop propeller shafts, which are lightweight and cost-effective. As a result, suppliers are now more inclined toward using lightweight materials (carbon fiber) with high durability and comfort factors while designing drivetrain components, especially propeller shafts.

Asia Oceania is Expected to Account for the Largest Market During the Forecast Period

Europe is estimated to be the second-largest and established market for automotive axle and propeller shafts and is projected to witness stable growth in the coming years. The major growth driver is expected to be stringent fuel-economy norms, which would encourage companies to invest in R&D to develop lightweight solutions for vehicles. The high demand for vehicles in Germany, the UK, and France compared with other countries, along with the rise in premium vehicle sales, are estimated to drive the demand for axle and propeller shafts. Rising preference for comfort in vehicles by end-users would also positively impact the demand for a better quality of axles and propellers. Also, ZF Friedrichshafen AG (Germany), Dana Incorporated (US), GKN PLC (UK), IFA Rotorion (Germany), and Gestamp (Spain) are the key suppliers in the European market which are continually making R&D efforts to extend further the growth of automotive axle and propeller shaft market in Europe.

The recent COVID-19 pandemic has impacted the global automotive industry, and many manufacturing companies had supply chain disruptions due to China lockdown, where partially most of the parts are imported. For instance, the UK, France, and Spain, which account for significant vehicle sales in Europe, is severely impacted by pandemic. Tier 1 suppliers around the globe have placed production lines on halt or shut them down completely. Also, legal and trade restrictions, such as sealed borders, increased the shortage of required parts. Such disruptions in the supply chain are expected to affect the assembly of OEMs in Europe and North America.

Automotive Axle & Propeller Shaft Market by Region

Key Market Players

Some of the key players in the automotive axle and propeller shaft market are ZF Friedrichshafen AG (Germany), Dana Incorporated (US), GKN Automotive (UK), American Axle & Manufacturing, Inc. (US), Meritor, Inc. (U.S.), Showa Corporation (Japan), Hyundai Wia Corporation (South Korea), JTEKT Corporation (Japan), and GKN plc (UK). ZF and GKN adopted the strategies of expansion, and new product development, to retain its leading position in the automotive axle and propeller market.

Scope of the Report:

Report Metric

Details

Market Size Available for years

2016-2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD Million) and Volume (Thousand Units)

Segments covered

By axle type, axle position, propeller shaft type, propeller shaft by position, passenger car propeller shaft material & by Region

Automotive Axle market, By Type

  • Dead
  • Live
  • Tandem

Automotive Axle market, By Axle Position

  • Front
  • Rear

Automotive Propeller Shaft Market, By Position

  • Front
  • Rear
  • Interaxle

Automotive Propeller shaft market, By Type

  • Single piece
  • Multi-piece

Passenger Car Propeller Shaft Market, By Material

  • Alloy
  • Carbon fiber

Automotive Axle And Propeller Shaft market, By Region

  • Asia Oceania
  • Europe
  • North America
  • RoW

Recent Developments

  • In February 2020, Dana Launched the production of the Spicer Electrified eS9000r e-Axle for class 4 and class 5 commercial vehicles in North America and is the only supplier to manufacture all components in a system such as an axle, motor, gear, and invertor.
  • In January 2020, GKN Automotive and Delta Electronics Inc. announced their collaboration on the joint development that is expected to enable the rapid acceleration of next-generation integrated 3-in-1 eDrive systems of power classes from 80kW to 155kW. The joint development of advanced eDrive technology is expected to see inverters supplied by Delta Electronics Inc. integrated with GKN Automotive's eMotor and gearbox systems in a 3-in-1 solution.
  • In May 2019, Meritor announced plans to acquire AxleTech for approximately USD 175 million. The addition of AxleTech will enhance Meritor’s growth platform, bringing a highly complementary global product portfolio across the off-highway, defense, specialty, and aftermarket segments. AxleTech’s offerings include a full product line of independent suspensions, axles, braking solutions, and drivetrain components. These capabilities will enable Meritor to offer global customers a more comprehensive array of differentiated products and solutions while further diversifying the company’s portfolio.
  • In February 2019, ZF’s AxTrax AVE electric portal axle was awarded the 2019 EBUS Award in the category “Drives for Battery Buses.” AxTrax AVE electric portal axle makes it easier for bus manufacturers and public transport authorities to switch over to quiet, zero local emission drives. This driven axle can be operated by all-electric not only by battery or overhead lines but also in hybrid or fuel cell configurations. The flexibility in configuration options and the selection of energy source makes it the ideal solution for almost any urban environment.
  • In April 2018, American Axle Manufacturing (AAM) and Liuzhou Wuling Automobile Industry Co. Ltd., a subsidiary of Guangxi Automobile Group Co., Ltd., entered into a joint venture agreement to manufacture driveline systems. Liuzhou AAM plans to provide both conventional and electric drive axles in China. Independent rear axles and driveheads by Liuzhou AAM will meet the needs of the fast-growing segments of multi-purpose vehicles and crossovers, including vans, minivans, and sport utility vehicles.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
        FIGURE 1 AUTOMOTIVE AXLE & PROPELLER SHAFT MARKET SEGMENTATION
           1.3.1 INCLUSIONS & EXCLUSIONS
                 TABLE 1 INCLUSIONS & EXCLUSIONS FOR THE AUTOMOTIVE AXLE & PROPELLER SHAFT MARKET
           1.3.2 YEARS CONSIDERED IN THE REPORT
    1.4 PACKAGE SIZE
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES MADE

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
        FIGURE 2 RESEARCH DESIGN
        FIGURE 3 RESEARCH METHODOLOGY MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key secondary sources for vehicle production
                    2.1.1.2 Key secondary sources for market sizing
                    2.1.1.3 Key data from secondary sources
           2.1.2 PRIMARY DATA
                 FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION & REGION
           2.1.3 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
           2.1.4 PRIMARY PARTICIPANTS
    2.2 MARKET SIZE ESTIMATION
        FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION
    2.4 ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 42)
    3.1 PRE- & POST-COVID-19 SCENARIO
        FIGURE 7 PRE- & POST-COVID-19 SCENARIO: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, 2016–2025 (USD BILLION)
        FIGURE 8 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET SHARE, 2020 (USD MILLION)
    3.2 AUTOMOTIVE AXLE AND PROPELLER SHAFT: MARKET OUTLOOK
        FIGURE 9 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY REGION, 2020 & 2025 (USD MILLION)

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET TRENDS, FORECAST & OPPORTUNITIES
        FIGURE 10 INCREASED FOCUS ON WEIGHT REDUCTION AND OPTIMIZED VEHICLE PERFORMANCE PROMPT USAGE OF LIGHTWEIGHT MATERIALS WHICH BRING LUCRATIVE OPPORTUNITIES FOR AXLE AND PROPELLER SHAFT MANUFACTURERS
    4.2 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY
        FIGURE 11 CHINA IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.3 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE
        FIGURE 12 AXLE SEGMENT TO ACCOUNT FOR THE LARGER SHARE IN THE AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, 2020 VS. 2025 (USD MILLION)
    4.4 AUTOMOTIVE AXLE MARKET, BY TYPE
        FIGURE 13 LIVE AXLE SEGMENT TO LEAD THE MARKET DURING THE FORECAST PERIOD, 2020 VS.2025 (USD MILLION)
    4.5 AUTOMOTIVE AXLE MARKET, BY POSITION
        FIGURE 14 REAR AXLE SEGMENT PROJECTED TO LEAD THE MARKET, 2020 VS.2025 (USD MILLION)
    4.6 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE
        FIGURE 15 SINGLE PIECE SEGMENT PROJECTED TO LEAD THE MARKET, 2020 VS.2025 (USD MILLION)
    4.7 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL
        FIGURE 16 ALLOY SEGMENT PROJECTED TO DOMINATE THE MARKET, 2020 VS. 2025 (USD MILLION)

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 17 GROWING DEMAND FOR LIGHT WEIGHT VEHICLES PLAYS PIVOTAL ROLE IN DRIVING THIS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Technological advancements
                    5.2.1.2 Changing end user preference
           5.2.2 RESTRAINTS
                    5.2.2.1 Fluctuating prices of raw materials
                            TABLE 2 COMPARISON OF AUTOMOTIVE RAW MATERIAL PRICE VS. CONVENTIONAL RAW MATERIAL PRICE
                    5.2.2.2 Vehicle recall and regulatory concerns
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing market for AWD vehicles
                    5.2.3.2 Growing demand for aluminum propeller shaft
                            TABLE 3 WEIGHT REDUCTION GOALS FOR LIGHT DUTY VEHICLES
                    5.2.3.3 Ongoing trend for e-mobility
                            TABLE 4 BATTERY ELECTRIC VEHICLE SALES, BY COUNTRY, 2017 VS. 2018 (UNITS)
           5.2.4 CHALLENGES
                    5.2.4.1 Growing government initiative for Weight and cost reduction
    5.3 IMPACT OF MARKET DYNAMICS
        TABLE 5 AXLE AND PROPELLER SHAFT MARKET: IMPACT OF MARKET DYNAMICS
    5.4 PORTER’S FIVE FORCE ANALYSIS
        FIGURE 18 PORTER’S FIVE FORCES MODEL
        TABLE 6 PORTER’S FIVE FORCES ANALYSIS
           5.4.1 THREAT OF NEW ENTRANTS
                 FIGURE 19 INITIAL INVESTMENT COUPLED WITH THE EXISTING COMPETITION IN THE AUTOMOTIVE AXLE AND PROPELLER SHAFT INDUSTRY HAS THE HIGHEST IMPACT ON MARKET ENTRANTS
           5.4.2 THREAT FROM SUBSTITUTES
                 FIGURE 20 RISING DEMAND FOR FRONT WHEEL DRIVE VEHICLES IMPACTS THREAT OF SUBSTITUTES
           5.4.3 BARGAINING POWER OF SUPPLIERS
                 FIGURE 21 HIGHER SUPPLIER CONCENTRATION & LOW PRODUCT DIFFERENTIATION TO SUPPLIER IMPACTS THE BARGAINING POWER OF SUPPLIERS
           5.4.4 BARGAINING POWER OF BUYERS
                 FIGURE 22 LIMITED NUMBER OF BUYERS LEADS TO AN INCREASE IN THEIR BARGAINING POWER
           5.4.5 INTENSITY OF COMPETITIVE RIVALRY
                 FIGURE 23 ESTABLISHED PLAYERS IN THIS MARKET AFFECTS THE INTENSITY OF COMPETITIVE RIVALRY

6 ONGOING INNOVATIONS IN THE AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET (Page No. - 62)

7 COVID-19 IMPACT ANALYSIS (Page No. - 63)
    7.1 COVID-19 IMPACT ANALYSIS ON THE AUTOMOTIVE MARKET
        TABLE 7 EUROPE: LOSS IN VEHICLE PRODUCTION DUE TO PLANT SHUTDOWNS, BY COUNTRY, (UNITS)
        FIGURE 24 AUTOMOTIVE PRODUCTION: PRE- VS. POST-COVID-19 SCENARIO, 2017–2025 (‘000 UNITS)
        TABLE 8 AUTOMOTIVE PRODUCTION: PRE- VS. POST-COVID-19 SCENARIO, 2017–2025 (‘000 UNITS)
    7.2 COVID-19 IMPACT ANALYSIS ON AUTOMOTIVE AXLE AND PROPELLAR SHAFT MARKET
           7.2.1 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET SCENARIO ANALYSIS
                 FIGURE 25 AUTOMOTIVE AXLE AND PROPELLAR SHAFT MARKET SCENARIO, 2017-2025 (USD MILLION)
                    7.2.1.1 Realistic scenario
                            TABLE 9 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET (REALISTIC SCENARIO), BY REGION, 2017–2025 (USD MILLION)
                    7.2.1.2 Low impact scenario
                            TABLE 10 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET (LOW IMPACT SCENARIO), BY REGION, 2017–2025 (USD MILLION)
                    7.2.1.3 High impact scenario
                            TABLE 11 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET (HIGH IMPACT SCENARIO), BY REGION, 2017–2025 (MILLION USD)

8 AUTOMOTIVE AXLE MARKET, BY TYPE (Page No. - 69)
    8.1 INTRODUCTION
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 ASSUMPTIONS/LIMITATIONS
           8.1.3 INDUSTRY INSIGHTS
                 FIGURE 26 AUTOMOTIVE AXLE MARKET, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 12 AUTOMOTIVE AXLE MARKET, BY TYPE, 2016–2019 (‘000 UNITS)
                 TABLE 13 AUTOMOTIVE AXLE MARKET, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 14 AUTOMOTIVE AXLE MARKET, BY TYPE, 2020–2025 (‘000 UNITS)
                 TABLE 15 AUTOMOTIVE AXLE MARKET, BY TYPE, 2020–2025 (USD MILLION)
    8.2 DEAD
           8.2.1 ASIA OCEANIA HOLDS THE LARGEST SHARE FOR DEAD AXLE MARKET
                 TABLE 16 PASSENGER CAR DEAD AXLE MARKET, BY REGION, 2016–2019 (‘000 UNITS)
                 TABLE 17 PASSENGER CAR DEAD AXLE MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 18 PASSENGER CAR DEAD AXLE MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                 TABLE 19 PASSENGER CAR DEAD AXLE MARKET, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 20 LCV DEAD AXLE MARKET, BY REGION, 2016–2019 (‘000 UNITS)
                 TABLE 21 LCV DEAD AXLE MARKET, BY REGION, 2016–2019(USD MILLION)
                 TABLE 22 LCV DEAD AXLE MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                 TABLE 23 LCV DEAD AXLE MARKET, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 24 HCV DEAD AXLE MARKET, BY REGION, 2016–2019 (‘000 UNITS)
                 TABLE 25 HCV DEAD AXLE MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 26 HCV DEAD AXLE MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                 TABLE 27 HCV DEAD AXLE MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.3 LIVE AXLE
           8.3.1 LIVE AXLE LEADS THE MARKET, BY POSITION
                 TABLE 28 PASSENGER CAR LIVE AXLE MARKET, BY REGION, 2016–2019 (‘000 UNITS)
                 TABLE 29 PASSENGER CAR LIVE AXLE MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 30 PASSENGER CAR LIVE AXLE MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                 TABLE 31 PASSENGER CAR LIVE AXLE MARKET, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 32 LCV LIVE AXLE MARKET, BY REGION, 2016–2019 (‘000 UNITS)
                 TABLE 33 LCV LIVE AXLE MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 34 LCV LIVE AXLE MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                 TABLE 35 LCV LIVE AXLE MARKET, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 36 HCV LIVE AXLE MARKET, BY REGION, 2016–2019 (‘000 UNITS)
                 TABLE 37 HCV LIVE AXLE MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 38 HCV LIVE AXLE MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                 TABLE 39 HCV LIVE AXLE MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.4 TANDEM
           8.4.1 ASIA OCEANIA HOLDS THE MAXIMUM SHARE FOR TANDEM AXLE
                 TABLE 40 TANDEM AXLE MARKET, BY REGION, 2016–2019 (‘000 UNITS)
                 TABLE 41 TANDEM AXLE MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 42 TANDEM AXLE MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                 TABLE 43 TANDEM AXLE MARKET, BY REGION, 2020–2025 (USD MILLION)

9 AUTOMOTIVE AXLE MARKET, BY POSITION (Page No. - 84)
    9.1 INTRODUCTION
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 ASSUMPTIONS/LIMITATIONS
           9.1.3 INDUSTRY INSIGHTS
                 FIGURE 27 AUTOMOTIVE AXLE MARKET, BY POSITION, 2020 VS. 2025 (USD MILLION)
                 TABLE 44 AUTOMOTIVE AXLE MARKET, BY POSITION, 2016–2019 (‘000 UNITS)
                 TABLE 45 AUTOMOTIVE AXLE MARKET, BY POSITION, 2016–2019(USD MILLION)
                 TABLE 46 AUTOMOTIVE AXLE MARKET, BY POSITION, 2020–2025 (‘000 UNITS)
                 TABLE 47 AUTOMOTIVE AXLE MARKET, BY POSITION, 2020–2025 (USD MILLION)
    9.2 FRONT
           9.2.1 PASSENGER CAR DOMINATE THE AUTOMOTIVE FRONT AXLE MARKET
                 FIGURE 28 AUTOMOTIVE FRONT AXLE MARKET, BY VEHICLE TYPE, 2020-2025 (USD MILLION)
                 TABLE 48 AUTOMOTIVE FRONT AXLE MARKET, BY VEHICLE TYPE, 2016–2019 (‘000 UNITS)
                 TABLE 49 AUTOMOTIVE FRONT AXLE MARKET, BY VEHICLE TYPE, 2016–2019 (USD MILLION)
                 TABLE 50 AUTOMOTIVE FRONT AXLE MARKET, BY VEHICLE TYPE, 2020–2025 (‘000 UNITS)
                 TABLE 51 AUTOMOTIVE FRONT AXLE MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
    9.3 REAR AXLE
           9.3.1 HEAVY COMMERCIAL VEHICLE LEADS THE AUTOMOTIVE REAR AXLE MARKET IN 2020
                 FIGURE 29 AUTOMOTIVE REAR AXLE MARKET, BY VEHICLE TYPE, 2020-2025 (USD MILLION)
                 TABLE 52 AUTOMOTIVE REAR AXLE MARKET, BY VEHICLE TYPE, 2016–2019 (‘000 UNITS)
                 TABLE 53 AUTOMOTIVE REAR AXLE MARKET, BY VEHICLE TYPE, 2016–2019 (USD MILLION)
                 TABLE 54 AUTOMOTIVE REAR AXLE MARKET, BY VEHICLE TYPE, 2020–2025 (‘000 UNITS)
                 TABLE 55 AUTOMOTIVE REAR AXLE MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)

10 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE (Page No. - 92)
     10.1 INTRODUCTION
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 ASSUMPTIONS/LIMITATIONS
             10.1.3 INDUSTRY INSIGHTS
                    FIGURE 30 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 56 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE, 2016–2019 (‘000 UNITS)
                    TABLE 57 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 58 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE, 2020–2025(‘000 UNITS)
                    TABLE 59 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE, 2020–2025 (USD MILLION)
     10.2 SINGLE PIECE
             10.2.1 SINGLE PIECE DOMINATE THE AUTOMOTIVE PROPELLER SHAFT MARKET
                    TABLE 60 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (‘000 UNITS)
                    TABLE 61 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 62 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                    TABLE 63 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 64 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY VEHICLE TYPE, 2016–2019 (‘000 UNITS)
                    TABLE 65 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY VEHICLE TYPE, 2016–2019 (USD MILLION)
                    TABLE 66 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY VEHICLE TYPE, 2020–2025 (‘000 UNITS)
                    TABLE 67 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
                    TABLE 68 PASSENGER CAR: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (‘000 UNITS)
                    TABLE 69 PASSENGER CAR: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 70 PASSENGER CAR: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                    TABLE 71 PASSENGER CAR: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 72 LCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (‘000 UNITS)
                    TABLE 73 LCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 74 LCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                    TABLE 75 LCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 76 HCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (‘000 UNITS)
                    TABLE 77 HCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 78 HCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                    TABLE 79 HCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (USD MILLION)
     10.3 MULTI PIECE
             10.3.1 TRUCKS HELD THE MAXIMUM SHARE IN 2020 FOR MULTI PIECE PROPELLER SHAFT
                    TABLE 80 MULTI PIECE: PROPELLER SHAFT MARKET, BY VEHICLE TYPE, 2016–2019 (‘000 UNITS)
                    TABLE 81 MULTI PIECE: PROPELLER SHAFT MARKET, BY VEHICLE TYPE, 2016-2019 (USD MILLION)
                    TABLE 82 MULTI PIECE: PROPELLER SHAFT MARKET, BY VEHICLE TYPE, 2020–2025 (‘000 UNITS)
                    TABLE 83 MULTI PIECE: PROPELLER SHAFT MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
                    TABLE 84 HCV: MULTI PIECE PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (‘000 UNITS)
                    TABLE 85 HCV: MULTI PIECE PROPELLER SHAFT MARKET, BY REGION, 2016-2019 (USD MILLION)
                    TABLE 86 HCV: MULTI PIECE PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                    TABLE 87 HCV: MULTI PIECE PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (USD MILLION)

11 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL (Page No. - 107)
     11.1 INTRODUCTION
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 ASSUMPTIONS/LIMITATIONS
             11.1.3 INDUSTRY INSIGHTS
                    FIGURE 31 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL, 2020-2025 (USD MILLION)
                    TABLE 88 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL, 2016–2019 (‘000 UNITS)
                    TABLE 89 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL, 2016-2019 (USD MILLION)
                    TABLE 90 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL, 2020–2025 (‘000 UNITS)
                    TABLE 91 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL, 2020–2025 (USD MILLION)
     11.2 ALLOY
             11.2.1 ALLOY PROPELLER SHAFT TO LEAD THE GLOBAL PASSENGER CAR MARKET
                    TABLE 92 ALLOY: PASSENGER CAR PROPELLER SHAFT MARKET, BY REGION, 2016-2019 (‘000 UNITS)
                    TABLE 93 ALLOY: PASSENGER CAR PROPELLER SHAFT MARKET, BY REGION, 2016-2019 (USD MILLION)
                    TABLE 94 ALLOY: PASSENGER CAR PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                    TABLE 95 ALLOY: PASSENGER CAR PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (USD MILLION)
     11.3 CARBON FIBER
             11.3.1 CARBON FIBER IS ANTICIPATED TO BE THE FASTEST GROWING MARKET DURING THE FORECAST PERIOD
                    TABLE 96 CARBON FIBER: PASSENGER CAR PROPELLER SHAFT MARKET, BY REGION, 2016-2019 (‘000 UNITS)
                    TABLE 97 CARBON FIBER: PASSENGER CAR CARBON FIBER PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 98 CARBON FIBER: PASSENGER CAR PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (‘000 UNITS)
                    TABLE 99 CARBON FIBER: PASSENGER CAR CARBON FIBER PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (USD MILLION)

12 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY REGION (Page No. - 116)
     12.1 INTRODUCTION
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 ASSUMPTIONS/LIMITATIONS
             12.1.3 INDUSTRY INSIGHTS
                    FIGURE 32 AUTOMOTIVE AXLE & PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 100 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (‘OOO UNITS)
                    TABLE 101 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 102 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (‘OOO UNITS)
                    TABLE 103 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (USD MILLION)
     12.2 ASIA OCEANIA
          FIGURE 33 ASIA OCEANIA: AUTOMOTIVE AXLE & PROPELLER SHAFT MARKET SNAPSHOT
          TABLE 104 ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY COUNTRY, 2016–2019 (‘000 UNITS)
          TABLE 105 ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 106 ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY COUNTRY, 2020–2025 (‘000 UNITS)
          TABLE 107 ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
             12.2.1 CHINA
                        12.2.1.1 China is estimated to be the largest market in Asia Oceania
                                 TABLE 108 CHINA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 109 CHINA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 110 CHINA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 111 CHINA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
             12.2.2 JAPAN
                        12.2.2.1 Japan is the second biggest market in Asia
                                 TABLE 112 JAPAN: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 113 JAPAN: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 114 JAPAN: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 115 JAPAN: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
             12.2.3 SOUTH KOREA
                        12.2.3.1 South Korea is estimated to be third fastest growing market in Asia Oceania by value
                                 TABLE 116 SOUTH KOREA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 117 SOUTH KOREA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 118 SOUTH KOREA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 119 SOUTH KOREA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
             12.2.4 INDIA
                        12.2.4.1 India is anticipated to be the fastest growing market in Asia Oceania during the forecast period by production
                                 TABLE 120 INDIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 121 INDIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 122 INDIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 123 INDIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
             12.2.5 REST OF ASIA OCEANIA
                        12.2.5.1 Axle is estimated to be the largest market in Rest of Asia Oceania
                                 TABLE 124 REST OF ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 125 REST OF ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 126 REST OF ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 127 REST OF ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
     12.3 EUROPE
          TABLE 128 EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2016–2019 (‘000 UNITS)
          TABLE 129 EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 130 EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2020–2025 (‘000 UNITS)
          TABLE 131 EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
             12.3.1 GERMANY
                        12.3.1.1 Germany is estimated to be the largest market in Europe by value and volume
                                 TABLE 132 GERMANY: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 133 GERMANY: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 134 GERMANY: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 135 GERMANY: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
             12.3.2 FRANCE
                        12.3.2.1 France is estimated to be the second fastest growing market by value
                                 TABLE 136 FRANCE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 137 FRANCE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 138 FRANCE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 139 FRANCE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
             12.3.3 UK
                        12.3.3.1 Axle is estimated to be the largest market, by product type in UK
                                 TABLE 140 UK: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 141 UK: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 142 UK: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 143 UK: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
             12.3.4 REST OF EUROPE
                        12.3.4.1 Rest of Europe is the largest market for Axle & Propeller shaft
                                 TABLE 144 REST OF EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 145 REST OF EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 146 REST OF EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 147 REST OF EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
     12.4 NORTH AMERICA
          FIGURE 34 NORTH AMERICA: AUTOMOTIVE AXLE & PROPELLER SHAFT MARKET SNAPSHOT
          TABLE 148 NORTH AMERICA: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2016–2019 (‘000 UNITS)
          TABLE 149 NORTH AMERICA: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 150 NORTH AMERICA: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2020–2025 (‘000 UNITS)
          TABLE 151 NORTH AMERICA: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
             12.4.1 US
                        12.4.1.1 US is estimated to be the largest market for North America
                                 TABLE 152 US: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 153 US: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 154 US: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 155 US: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
             12.4.2 CANADA
                        12.4.2.1 Axle is estimated to be the largest market for Canada in 2020
                                 TABLE 156 CANADA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 157 CANADA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 158 CANADA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 159 CANADA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
             12.4.3 MEXICO
                        12.4.3.1 Mexico is anticipated to be the fastest growing market in North America
                                 TABLE 160 MEXICO: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 161 MEXICO: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 162 MEXICO: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 163 MEXICO: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
     12.5 REST OF THE WORLD
                                 TABLE 164 ROW: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2016–2019 (‘000 UNITS)
                                 TABLE 165 ROW: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
                                 TABLE 166 ROW: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2020–2025 (‘000 UNITS)
                                 TABLE 167 ROW: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
             12.5.1 SOUTH AFRICA
                        12.5.1.1 Axle is estimated to be the largest market for South Africa
                                 TABLE 168 SOUTH AFRICA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 169 SOUTH AFRICA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 170 SOUTH AFRICA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 171 SOUTH AFRICA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
             12.5.2 BRAZIL
                        12.5.2.1 Brazil is anticipated to be the largest as well as fastest growing market in RoW
                                 TABLE 172 BRAZIL: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 173 BRAZIL: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 174 BRAZIL: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 175 BRAZIL: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)
             12.5.3 REST OF ROW
                        12.5.3.1 Axle is estimated to be the largest Rest of RoW market in 2020
                                 TABLE 176 REST OF ROW: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (‘000 UNITS)
                                 TABLE 177 REST OF ROW: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION)
                                 TABLE 178 REST OF ROW: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (‘000 UNITS)
                                 TABLE 179 REST OF ROW: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION)

13 ADJACENT MARKETS (Page No. - 151)
     13.1 ADJACENT & RELATED MARKETS
             13.1.1 INTRODUCTION
                    TABLE 180 ADJACENT MARKETS OF AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKETS
     13.2 LIMITATIONS
     13.3 AUTOMOTIVE AXLE AND PROPELLER SHAFT ECOSYSTEM & INTERCONNECTED MARKETS
          FIGURE 35 AUTOMOTIVE AXLE AND PROPELLER SHAFT ECOSYSTEM & INTERCONNECTED MARKETS
     13.4 AUTOMOTIVE DIFFERENTIAL MARKET
             13.4.1 MARKET DEFINITION
             13.4.2 MARKET OVERVIEW
                    FIGURE 36 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION 2018 VS. 2021 (MILLION USD)
             13.4.3 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION
                    TABLE 181 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2016–2025 (‘000 UNITS)
                    TABLE 182 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2016–2025 (USD MILLION)
     13.5 AUTOMOTIVE SUSPENSION MARKET
             13.5.1 MARKET DEFINITION
             13.5.2 MARKET OVERVIEW
                    FIGURE 37 AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2017 VS 2025 (USD MILLION)
             13.5.3 AUTOMOTIVE SUSPENSION MARKET
                    TABLE 183 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2015–2025 (MILLION UNITS)
                    TABLE 184 GLOBAL AUTOMOTIVE SUSPENSION MARKET, BY REGION, 2015–2025 (USD MILLION)
     13.6 TORQUE VECTORING MARKET
             13.6.1 MARKET DEFINITION
             13.6.2 MARKET OVERVIEW
             13.6.3 TORQUE VECTORING MARKET
                    FIGURE 38 GLOBAL TORQUE VECTORING MARKET, BY REGION, 2018 VS. 2025 (USD MILLION)
                    TABLE 185 TORQUE VECTORING MARKET FOR AUTOMOTIVE, BY REGION, 2017–2025 (’000 UNITS)
                    TABLE 186 TORQUE VECTORING MARKET FOR AUTOMOTIVE, BY REGION, 2017–2025 (USD MILLION)

14 COMPETITIVE LANDSCAPE (Page No. - 159)
     14.1 MARKET EVALUATION FRAMEWORK
          FIGURE 39 MARKET EVALUATION FRAMEWORK
     14.2 OVERVIEW
     14.3 MARKET RANKING ANALYSIS
          FIGURE 40 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET:2019
     14.4 MARKET EVALUATION FRAMEWORK: REVENUE ANALYSIS OF TOP FIVE PLAYERS
          FIGURE 41 TOP FIVE PLAYERS DOMINATED THE AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET DURING THE LAST THREE YEARS
          FIGURE 42 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, 2015–2020
     14.5 COMPETITIVE SCENARIO
             14.5.1 NEW PRODUCT DEVELOPMENTS
                    TABLE 187 NEW PRODUCT DEVELOPMENTS, 2017–2020
             14.5.2 EXPANSIONS
                    TABLE 188 EXPANSIONS, 2015–2019
             14.5.3 PARTNERSHIPS/SUPPLY CONTRACTS/ COLLABORATIONS/ AGREEMENTS
                    TABLE 189 PARTNERSHIPS/SUPPLY CONTRACTS/COLLABORATIONS/JOINT VENTURES, 2018–2019
             14.5.4 ACQUISITIONS/JOINT VENTURES
                    TABLE 190 ACQUISITIONS/JOINT VENTURES, 2017–2019
     14.6 COMPETITIVE LEADERSHIP MAPPING
             14.6.1 STARS
             14.6.2 EMERGING LEADERS
             14.6.3 PERVASIVE
             14.6.4 EMERGING COMPANIES
                    FIGURE 43 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
     14.7 STRENGTH OF PRODUCT PORTFOLIO: AXLE AND PROPELLER SHAFT MARKET
          FIGURE 44 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN THE AXLE AND PROPELLER SHAFT MARKET
     14.8 BUSINESS STRATEGY EXCELLENCE: AXLE AND PROPELLER SHAFT MARKET
          FIGURE 45 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN THE AXLE AND PROPELLER SHAFT MARKET

15 COMPANY PROFILES (Page No. - 174)
(Business overview, Products offered, Recent developments, SWOT analysis, Right to win, MNM view)*
     15.1 ZF FRIEDRICHSHAFEN AG
          FIGURE 46 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
          FIGURE 47 ZF FRIEDRICHSHAFEN AG: SWOT ANALYSIS-
     15.2 GKN AUTOMOTIVE
          FIGURE 48 GKN AUTOMOTIVE: COMPANY SNAPSHOT
          FIGURE 49 GKN AUTOMOTIVE: SWOT ANALYSIS
     15.3 DANA INCORPORATED
          FIGURE 50 DANA INCORPORATED: COMPANY SNAPSHOT
          FIGURE 51 DANA INCORPORATED: SWOT ANALYSIS
     15.4 AMERICAN AXLE & MANUFACTURING, INC.
          FIGURE 52 AMERICAN AXLE & MANUFACTURING INC.: COMPANY SNAPSHOT
          FIGURE 53 AMERICAN AXLE & MANUFACTURING, INC.: SWOT ANALYSIS
     15.5 MERITOR, INC.
          FIGURE 54 MERITOR INC.: COMPANY SNAPSHOT
          FIGURE 55 SWOT ANALYSIS: MERITOR, INC.
     15.6 SHOWA CORPORATION
          FIGURE 56 SHOWA CORPORATION: COMPANY SNAPSHOT
          FIGURE 57 SWOT ANALYSIS: SHOWA CORPORATION
     15.7 HYUNDAI WIA CORPORATION
          FIGURE 58 HYUNDAI WIA CORPORATION: COMPANY SNAPSHOT
          FIGURE 59 SWOT ANALYSIS: HYUNDAI WIA CORPORATION
     15.8 GESTAMP AUTOMOCIΣN
          FIGURE 60 GESTAMP AUTOMOCIΣN: COMPANY SNAPSHOT
     15.9 JTEKT CORPORATION
          FIGURE 61 JTEKT: COMPANY SNAPSHOT
     15.10 IFA ROTORION HOLDING GMBH
*Business overview, Products offered, Recent developments, SWOT analysis, Right to win, MNM view might not be captured in case of unlisted companies.
     15.11 OTHER KEY PLAYERS
             15.11.1 ASIA PACIFIC
                        15.11.1.1 Ningbo Jingda Hardware Manufacture Co., ltd
                        15.11.1.2 TFO Corporation
                        15.11.1.3 Hitachi Automotive Systems America
                        15.11.1.4 RSB Global
                        15.11.1.5 Univance Corporation
             15.11.2 EUROPE
                        15.11.2.1 Wilson Drive Shaft
                        15.11.2.2 D&F Propshafts
                        15.11.2.3 Bailey Morris Limited
             15.11.3 NORTH AMERICA
                        15.11.3.1 Neapco Inc.
                        15.11.3.2 Nexteer Automotive
                        15.11.3.3 BorgWarner

16 APPENDIX (Page No. - 211)
     16.1 INSIGHTS OF INDUSTRY EXPERTS
     16.2 DISCUSSION GUIDE
     16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.4 AVAILABLE CUSTOMIZATIONS
             16.4.1 AUTOMOTIVE AXLE MARKET, BY VEHICLE TYPE
                        16.4.1.1 Passenger Car
                        16.4.1.2 Light Commercial Vehicle
                        16.4.1.3 Heavy Commercial Vehicle
             16.4.2 ADDITIONAL COMPANY INFORMATION
                        16.4.2.1 Continental AG
                        16.4.2.2 ROC Spicer Ltd
                        16.4.2.3 Automotive Axle Limited
                        16.4.2.4 Sona Group
                        16.4.2.5 NTN Corporation
                        16.4.2.6 Tailbros Engineering
                        16.4.2.7 Daimler AG
                        16.4.2.8 Aoi Machinery Industry
                        16.4.2.9 Hamana Parts Industry
                        16.4.2.10 Hitachi Automotive Systems
                        16.4.2.11 Volvo
                        16.4.2.12 GNA Enterprise
     16.5 RELATED REPORTS
     16.6 AUTHOR DETAILS

The study involves key activities to estimate the current size for the automotive axle and propeller shaft market. The first step defines the scope of the research study, which includes axle types, propeller shaft types, axle positions, materials, and regions to be considered in the study along with the assumptions and limitations to derive the market numbers. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. The bottom-up approach has been used for market estimation and calculating the size of the automotive axle and propeller shaft.

Secondary Research

The secondary sources referred for this research study include company annual reports/presentations, press releases, industry association publications such as International Organization of Motor Vehicle Manufacturers (OICA), Canada Automobile Association (CAA), Europe Automobile Manufacturers Association (EAMA), investor presentations, and annual reports of key market players. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the automotive axle and propeller shaft market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand (OEM) and supply-side (automotive axle and propeller shaft manufacturers and distributors) players across four major regions, namely, North America, Europe, Asia Oceania, and Rest of the World (South Africa and Brazil). Approximately 15% and 85% of primary interviews were conducted from both the demand and supply side, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. In our canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, administration, etc. to provide a holistic viewpoint in our reports.

After interactions with industry participants, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

The below figure shows the break-up of the profile of industry experts who participated in primary discussions.

Automotive Axle & Propeller Shaft Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the automotive axle and propeller shaft market.

  • In this approach, the vehicle production statistics for each vehicle type have been considered at a country and regional level.
  • Market analysis based on industry experts and OEMs has been considered to understand overall automotive vehicle production forecasts on the post-COVID scenario.
  • Extensive secondary and primary research has been carried out to understand the global market scenario for various segments used in the automotive industry.
  • Several primary interviews have been conducted with key opinion leaders related to the automotive axle and propeller shaft market development, including key OEMs and Tier I suppliers.
  • Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.

Automotive Axle & Propeller Shaft Market Bottom-Up Approach

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.

Report Objectives

  • To define, describe, and forecast (2020 to 2025) the automotive axle and propeller shaft market, in terms of volume (thousand units), and value (USD million) at country, and regional level
  • To define, describe, and forecast the automotive axle market, by volume and value, based on the type (dead, live, and tandem) at the regional level
  • To analyze and forecast the automotive axle market, in terms of volume and value based on the axle position (front and rear) at the regional level
  • To analyze and forecast the market for automotive propeller shaft market, by volume, and value, based on the type (single piece and multi-piece) at the regional level
  • To analyze and forecast the market for automotive propeller shaft market, by volume, and value, based on the position (Front and Rear axle) at the regional level
  • To forecast the passenger car propeller shaft market, by volume and value, based on the material (alloy and carbon fiber) at the regional level
  • To forecast the volume and value of the market segments with respect to four regions namely – North America, Europe, Asia Oceania, and RoW
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the automotive axle and propeller shaft market
  • To analyze the market share of the key players operating in the automotive axle and propeller shaft market
  • To analyze the competitive landscape and competitive leadership mapping for the global players operating in the automotive axle and propeller shaft market
  • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and expansions in the automotive axle and propeller shaft market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Automotive Axle Market, By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Note: Axle types include dead, live, and tandem

Detailed analysis and profiling of additional market players (Up To three)

Report Code
AT 3160
Published ON
Jul, 2020
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