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
[136 Pages Report] The global automotive axle and propeller market size in terms of value is estimated to be USD 29.5 billion in 2019, which is projected to grow to USD 35.0 billion, by 2025 at a CAGR of 2.9%. Growing global vehicle production, increasing demand for luxury vehicles, and commercialization of new technologies towards light-weighting of the overall vehicle is expected to drive axle and propeller shaft market
Single piece leads the automotive propeller shaft market under the review 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 need, 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 vehicle 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.
Europe is expected to account for the second largest market during the forecast period
Europe is estimated to be the second largest and established market for axles and propeller shafts and is projected to witness stable growth in the coming years. A major growth driver is expected to be stringent fuel-economy norms which would encourage research activities to develop lightweight solutions for vehicles. The increased production level in Germany, the UK, and France, along with the rise in premium vehicle sales, are estimated to drive the demand for axles and propeller shafts. Rising preference for comfort while driving 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 further extend the growth of automotive axle and propeller shaft market in Europe.
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 PLC (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.
Recent Developments
- In May 2019, Meritor announced plans to acquire AxleTech for approximately USD 175 million. The addition of AxleTech will enhance Meritors growth platform, bringing a highly complementary global product portfolio across the off-highway, defense, specialty, and aftermarket segments. AxleTechs 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 companys portfolio.
- In February 2019, ZFs 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.
Key Questions addressed by the report
- Our study suggests that Asia Oceania is the largest market for automotive axle and propeller shaft. What is the market size of the automotive axle and propeller shaft market in different regions in 2019? What would be the regional growth rate during the next seven years?
- The study indicates that the live axle dominates the axle market. How the demand is anticipated to be significant in the next few years.
- The study indicates that a single piece holds the maximum share of automotive propeller shaft market. How would the upcoming regulatory changes and market trends impact the usage of materials for shaft manufacturing? What would be the regional growth rate for the next seven years?
- What are the current market dynamics and pricing trends in the automotive axle and propeller shaft market?
- What is the average selling price of live, dead, and tandem axle for different vehicle types? Also, what are the average cost of a single piece and multi-piece propeller shaft?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered in the Report
1.4 Currency & Pricing
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources for Vehicle Production
2.2.2 Key Secondary Sources for Market Sizing
2.2.3 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Size Estimation
2.5 Market Breakdown & Data Triangulation
2.6 Assumptions
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in Automotive Axle and Propeller Shaft Market
4.2 Automotive Axle and Propeller Shaft Market in Asia Oceania, By Product Type and Country
4.3 Automotive Axle and Propeller Shaft Market, By Country
4.4 Automotive Axle and Propeller Shaft Market, By Product Type
4.5 Automotive Axle Market, By Type
4.6 Automotive Axle Market, By Position
4.7 Automotive Propeller Shaft Market, By Type
4.8 Passenger Car Propeller Shaft Market, By Material
5 Overview (Page No. - 36)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in Vehicle Production
5.2.1.2 Technological Advancements
5.2.1.3 Changing End User Preference
5.2.2 Restraints
5.2.2.1 Pricing Pressure and Fluctuating Prices of Raw Materials
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
5.2.3.3 Ongoing Trend for E-Mobility
5.2.4 Challenges
5.2.4.1 Weight and Cost Reduction
5.3 Porters Five Force Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat From Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 Ongoing Innovations in Automotive Axle and Propeller Shaft Market (Page No. - 44)
Note - The Chapter is Further Segmented By Vehicle Type Passenger Cars, LCV and HCV and Region (Asia Oceania, Europe, North America, and RoW)
7.1 Introduction
7.2 Dead
7.2.1 Asia Oceania Holds the Largest Share for Dead Axle Market
7.3 Live
7.3.1 Live Axle Leads the Market, By Position
7.4 Tandem
7.4.1 Asia Oceania Holds the Maximum Share for Tandem Axle
8 Automotive Axle Market, By Position (Page No. - 54)
Note - The Chapter is Further Segmented By Vehicle Type Passenger Cars, LCV and HCV
8.1 Introduction
8.2 Front
8.2.1 Passenger Car Dominate the Automotive Front Axle Market
8.3 Rear
8.3.1 Heavy Commercial Vehicle Leads the Automotive Rear Axle Market in 2019
9 Automotive Propeller Shaft Market, By Type (Page No. - 59)
Note - The Chapter is Further Segmented By Vehicle Type Passenger Cars, LCV and HCV (Bus & Truck) and Region (Asia Oceania, Europe, North America, and RoW)
9.1 Introduction
9.2 Single Piece
9.2.1 Single Piece Dominate the Automotive Propeller Shaft Market
9.3 Multi Piece
9.3.1 Trucks Held the Maximum Share in 2019 for Multi Piece Propeller Shaft
10 Passenger Car Propeller Shaft Market, By Material (Page No. - 67)
Note - The Chapter is Further Segmented at Regional Level and Regions are Asia Oceania, Europe, North America, and RoW
10.1 Introduction
10.2 Alloy
10.2.1 Propeller Shaft Made Up of Alloy Lead the Global Passenger Car Market
10.3 Carbon Fiber
10.3.1 Carbon Fiber is Anticipated to Be the Fastest Growing Market During the Forecast Period
11 Automotive Axle and Propeller Shaft Market, By Region (Page No. - 72)
Note - The Chapter is Further Segmented By Product Type Axle & Propeller Shaft for Each Country
11.1 Introduction
11.2 Asia Oceania
11.2.1 China
11.2.1.1 China is Estimated to Be the Largest Market in 2019
11.2.2 Japan
11.2.2.1 Propeller Shaft is Forecasted to Grow at A Highest CAGR During the Period of 2019-2025
11.2.3 South Korea
11.2.3.1 Axle is Estimated to Be Largest in South Korean Market, By Product Type
11.2.4 India
11.2.4.1 India is Anticipated to Be the Fastest Growing Market in Asia Oceania During the Forecast Period
11.2.5 Rest of Asia Oceania
11.2.5.1 Axle is Estimated to Be the Largest Market, By Product Type in Rest of Asia Oceania
11.3 Europe
11.3.1 Germany
11.3.1.1 Germany is Estimated to Be the Largest Market in Europe
11.3.2 France
11.3.2.1 Axle is Estimated to Be the Largest Market, By Product Type in France
11.3.3 UK
11.3.3.1 Axle is Estimated to Be the Largest Market, By Product Type in UK
11.3.4 Rest of Europe
11.3.4.1 Propeller Shaft is Forecasted to Grow at A Highest CAGR During the Period of 2019-2025
11.4 North America
11.4.1 US
11.4.1.1 US is Estimated to Be the Largest Market for North America in 2019
11.4.2 Canada
11.4.2.1 Axle is Estimated to Be the Largest Market for Canada in 2019
11.4.3 Mexico
11.4.3.1 Mexico is Anticipated to Be the Fastest Growing Market in North America During the Forecast Period
11.5 RoW
11.5.1 South Africa
11.5.1.1 Axle is Estimated to Be the Largest Market for South Africa
11.5.2 Brazil
11.5.2.1 Brazil is Anticipated to Be the Largest as Well as Fastest Market in RoW
11.5.3 Rest of RoW
11.5.3.1 Axle is Estimated to Be the Largest Rest of RoW Market in 2019
12 Competitive Landscape (Page No. - 94)
12.1 Overview
12.2 Axle and Propeller Shaft: Market Share
12.2.1 Automotive Axle: Market Scenario
12.2.2 Automotive Propeller Shaft: Market Scenario
12.3 Competitive Leadership Mapping
12.3.1 Terminology
12.3.2 Visionary Leaders
12.3.3 Innovators
12.3.4 Dynamic Differentiators
12.3.5 Emerging Companies
12.3.6 Strength of Product Portfolio
12.3.7 Business Strategy Excellence
12.4 Competitive Scenario
12.4.1 New Product Launches/New Product Developments
12.4.2 Supply Contract/Partnerships/Joint Ventures/Collaborations
12.4.3 Expansions
12.4.4 Mergers & Acquisitions
13 Company Profiles (Page No. - 106)
(Business Overview, Products & Services, Recent Developments & SWOT Analysis)*
13.1 ZF Friedrichshafen AG
13.2 GKN PLC
13.3 Dana Incorporated
13.4 American Axle & Manufacturing Holdings, Inc.
13.5 Meritor, Inc.
13.6 Showa Corporation
13.7 Hyundai Wia Corporation
13.8 Gestamp
13.9 Jtekt Corporation
13.1 Ifa Rotorion Holding GmbH
*Details on Business Overview, Products & Services, Recent Developments & SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 130)
14.1 Key Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets Subscription Portal
14.4 Available Customizations
14.4.1 Automotive Axle Market, By Vehicle Type
14.4.1.1 Passenger Car
14.4.1.2 Light Commercial Vehicle
14.4.1.3 Heavy Commercial Vehicle
14.4.2 Additional Company Information
14.5 Related Reports
14.6 Author Details
List of Tables (90 Tables)
Table 1 Currency Exchange Rates (W.R.T. Per USD)
Table 2 Porters Five Forces Analysis
Table 3 Automotive Axle Market, By Type, 20172025 (000 Units)
Table 4 Automotive Axle Market, By Type, 20172027 (USD Million)
Table 5 Passenger Car: Dead Axle Market, By Region, 20172025 (000 Units)
Table 6 Passenger Car: Dead Axle Market, By Region, 20172025 (USD Million)
Table 7 LCV: Dead Axle Market, By Region, 20172025 (000 Units)
Table 8 LCV: Dead Axle Market, By Region, 20172025 (USD Million)
Table 9 HCV: Dead Axle Market, By Region, 20172025 (000 Units)
Table 10 HCV: Dead Axle Market, By Region, 20172025 (USD Million)
Table 11 Passenger Car: Live Axle Market, By Region, 20172025 (000 Units)
Table 12 Passenger Car: Live Axle Market, By Region, 20172025 (USD Million)
Table 13 LCV: Live Axle Market, By Region, 20172025 (000 Units)
Table 14 LCV: Live Axle Market, By Region, 20172025 (USD Million)
Table 15 HCV: Live Axle Market, By Region, 20172025 (000 Units)
Table 16 HCV: Live Axle Market, By Region, 20172025 (USD Million)
Table 17 Tandem Axle Market, By Region, 20172025 (000 Units)
Table 18 Tandem Axle Market, By Region, 20172025 (USD Million)
Table 19 Automotive Axle Market, By Position, 20172025 (000 Units)
Table 20 Automotive Axle Market, By Position, 20172025 (USD Million)
Table 21 Front: Automotive Axle Market, By Vehicle Type, 20172025 (000 Units)
Table 22 Front: Automotive Axle Market, By Vehicle Type, 20172025 (USD Million)
Table 23 Rear: Automotive Axle Market, By Vehicle Type, 20172025 (000 Units)
Table 24 Rear: Automotive Axle Market, By Vehicle Type, 20172025 (USD Million)
Table 25 Automotive Propeller Shaft Market, By Type, 20172025 (000 Units)
Table 26 Automotive Propeller Shaft Market, By Type, 20172025 (USD Million)
Table 27 Single Piece: Automotive Propeller Shaft Market, By Region, 20172025 (000 Units)
Table 28 Single Piece: Automotive Propeller Shaft Market, By Region, 20172025 (USD Million)
Table 29 Single Piece: Automotive Propeller Shaft Market, By Vehicle Type, 20172025 (000 Units)
Table 30 Single Piece: Automotive Propeller Shaft Market, By Vehicle Type, 20172025 (USD Million)
Table 31 Passenger Car: Single Piece Propeller Shaft Market, By Region, 20172025 (000 Units)
Table 32 Passenger Car: Single Piece Propeller Shaft Market, By Region, 20172025 (USD Million)
Table 33 LCV: Single Piece Propeller Shaft Market, By Region, 20172025 (000 Units)
Table 34 LCV: Single Piece Propeller Shaft Market, By Region, 20172025 (USD Million)
Table 35 HCV: Single Piece Propeller Shaft Market, By Region, 20172025 (000 Units)
Table 36 HCV: Single Piece Propeller Shaft Market, By Region, 20172025 (USD Million)
Table 37 Multi Piece: Propeller Shaft Market, By Vehicle Type, 20172025 (000 Units)
Table 38 Multi Piece: Automotive Propeller Shaft Market, By Vehicle Type, 20172025 (USD Million)
Table 39 HCV: Multi Piece Propeller Shaft Market, By Region, 20172025 (000 Units)
Table 40 HCV: Multi Piece Propeller Shaft Market, By Region, 20172025 (USD Million)
Table 41 Passenger Car Propeller Shaft Market, By Material, 20172025 (000 Units)
Table 42 Passenger Car Propeller Shaft Market, By Material, 20172025 (USD Million)
Table 43 Alloy: Passenger Car Propeller Shaft Market, By Region, 20172025 (000 Units)
Table 44 Alloy: Passenger Car Propeller Shaft Market, By Region, 20172025 (USD Million)
Table 45 Carbon Fiber: Passenger Car Propeller Shaft Market, By Region, 20172025 (000 Units)
Table 46 Carbon Fiber: Passenger Car Carbon Fiber Propeller Shaft Market, By Region, 20172025 (USD Million)
Table 47 Automotive Axle and Propeller Shaft Market, By Region, 20172025 (Ooo Units)
Table 48 Automotive Axle and Propeller Shaft Market, By Region, 20172025 (USD Million)
Table 49 Asia Oceania: Automotive Axle and Propeller Market, By Country, 20172025 (000 Units)
Table 50 Asia Oceania: Automotive Axle and Propeller Market, By Country, 20172025 (USD Million)
Table 51 China: Automotive Axle and Propeller Market, By Product Type, 20172025 (000 Units)
Table 52 China: Automotive Axle and Propeller Market, By Product Type, 20172025 (USD Million)
Table 53 Japan: Automotive Axle and Propeller Market, By Product Type, 20172025 (000 Units)
Table 54 Japan: Automotive Axle and Propeller Market, By Product Type, 20172025 (USD Million)
Table 55 South Korea: Automotive Axle and Propeller Market, By Product Type, 20172025 (000 Units)
Table 56 South Korea: Automotive Axle and Propeller Market, By Product Type, 20172025 (USD Million)
Table 57 India: Automotive Axle and Propeller Market, By Product Type, 20172025 (000 Units)
Table 58 India: Automotive Axle and Propeller Market, By Product Type, 20172025 (USD Million)
Table 59 Rest of Asia Oceania: Automotive Axle and Propeller Market, By Product Type, 20172025 (000 Units)
Table 60 Rest of Asia Oceania: Automotive Axle and Propeller Market, By Product Type, 20172025 (USD Million)
Table 61 Europe: Automotive Axle and Propeller Shaft Market, By Country, 20172025 (000 Units)
Table 62 Europe: Automotive Axle and Propeller Shaft Market, By Country, 20172025 (USD Million)
Table 63 Germany: Automotive Axle and Propeller Shaft Market, By Product Type, 20172025 (000 Units)
Table 64 Germany: Automotive Axle and Propeller Shaft Market, By Product Type, 20172025 (USD Million)
Table 65 France: Automotive Axle and Propeller Shaft Market, By Product Type, 20172025 (000 Units)
Table 66 France: Automotive Axle and Propeller Shaft Market, By Product Type, 20172025 (USD Million)
Table 67 UK: Automotive Axle and Propeller Shaft Market, By Product Type, 20172025 (000 Units)
Table 68 UK: Automotive Axle and Propeller Shaft Market, By Product Type, 20172025 (USD Million)
Table 69 Rest of Europe: Automotive Axle and Propeller Shaft Market, By Product Type, 20172025 (000 Units)
Table 70 Rest of Europe: Automotive Axle and Propeller Shaft Market, By Product Type, 20172025 (USD Million)
Table 71 North America: Automotive Axle and Propeller Shaft Market, By Country, 20172025 (000 Units)
Table 72 North America: Automotive Axle and Propeller Shaft Market, By Country, 20172025 (USD Million)
Table 73 US: Automotive Axle and Propeller Shaft Market, By Product Type, 20172025 (000 Units)
Table 74 US: Automotive Axle and Propeller Market, By Product Type, 20172025 (USD Million)
Table 75 Canada: Automotive Axle and Propeller Market, By Product Type, 20172025 (000 Units)
Table 76 Canada: Automotive Axle and Propeller Market, By Product Type, 20172025 (USD Million)
Table 77 Mexico: Automotive Axle and Propeller Market, By Product Type, 20172025 (000 Units)
Table 78 Mexico: Automotive Axle and Propeller Market, By Product Type, 20172025 (USD Million)
Table 79 RoW: Automotive Axle and Propeller Shaft Market, By Country, 20172025 (000 Units)
Table 80 RoW: Automotive Axle and Propeller Shaft Market, By Country, 20172025 (USD Million)
Table 81 South Africa: Automotive Axle and Propeller Market, By Product Type, 20172025 (000 Units)
Table 82 South Africa: Automotive Axle and Propeller Market, By Product Type, 20172025 (USD Million)
Table 83 Brazil: Automotive Axle and Propeller Market, By Product Type, 20172025 (000 Units)
Table 84 Brazil: Automotive Axle and Propeller Market, By Product Type, 20172025 (USD Million)
Table 85 Rest of RoW: Automotive Axle and Propeller Market, By Product Type, 20172025 (000 Units)
Table 86 Rest of RoW: Automotive Axle and Propeller Market, By Product Type, 20172025 (USD Million)
Table 87 New Product Launches/New Product Developments, 20142019
Table 88 Supply Contract/Partnerships/Joint Ventures/Collaborations, 20182019
Table 89 Expansions, 20142019
Table 90 Mergers & Acquisitions, 2017-2019
List of Figures (53 Figures)
Figure 1 Automotive Axle & Propeller Shaft Market Segmentation
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Data Triangulation
Figure 7 Automotive Axle & Propeller Shaft Market, By Region, 2019 vs 2025 (USD Million)
Figure 8 Automotive Axle Market, By Type, 20192025 (USD Million)
Figure 9 Automotive Propeller Shaft Market, By Type, 20192025 (USD Million)
Figure 10 Automotive Axle and Propeller Shaft Market Share, 2019 (USD Million)
Figure 11 Increased Focus on Weight Reduction and Optimized Vehicle Performance Prompt Usage of Lightweight Materials Which Bring Lucrative Opportunities for Axle and Propeller Shaft Manufacturers
Figure 12 Axle and China Accounted for the Largest Share By Product Type and Country, Respectively, 2019
Figure 13 India is Expected to GRoW at the Fastest Rate During the Forecast Period
Figure 14 Axle to Hold the Largest Share in the Automotive Axle and Propeller Shaft Market, 2019 vs. 2025 (USD Million)
Figure 15 Live Axle Market to Be the Largest During the Forecast Period, 2019 Vs.2025 (USD Million)
Figure 16 Rear Axle Segment is Expected to Lead the Market, 2019 Vs.2025 (USD Million)
Figure 17 Single Piece Segment is Expected to Lead the Market, 2019 Vs.2025 (USD Million)
Figure 18 Alloy Segment is Expected to Hold the Largest Market Share, 2019 vs. 2025 (USD Million)
Figure 19 Growing Demand for Light Weight Vehicles Plays Pivotal Role in Driving This Market
Figure 20 Porters Five Forces Model
Figure 21 Initial Investment Coupled With the Existing Competition in the Automotive Axle and Propeller Shaft Industry has the Highest Impact on Market Entrants
Figure 22 Rising Demand for Front Wheel Drive Vehicles Impacts Threat of Substitutes
Figure 23 Higher Supplier Concentration & Low Product Differentiation to Supplier Impacts the Bargaining Power of Suppliers
Figure 24 Limited Number of Buyers Leads to an Increase in their Bargaining Power
Figure 25 Established Players in This Market Affects the Intensity of Competitive Rivalry
Figure 26 Automotive Axle Market, By Type, 20192025 (USD Million)
Figure 27 Automotive Axle Market, By Position, 2019 vs. 2025 (USD Million)
Figure 28 Automotive Front Axle Market, By Vehicle Type, 2019-2025 (USD Million)
Figure 29 Automotive Rear Axle Market, By Vehicle Type, 2019-2025 (USD Million)
Figure 30 Automotive Propeller Shaft Market, By Type, 20192025 (USD Million)
Figure 31 Passenger Car Propeller Shaft Market, By Material, 2019-2025 (USD Million)
Figure 32 Automotive Axle & Propeller Shaft Market, By Region, 20192025 (USD Million)
Figure 33 Asia Oceania: Snapshot
Figure 34 North America: Snapshot
Figure 35 Market Share Analysis in 2018
Figure 36 Automotive Axle and Propeller Shaft: Competitive Leadership Mapping (2018)
Figure 37 Company-Wise Product Offering Analysis
Figure 38 Company-Wise Business Strategy Analysis
Figure 39 Companies Adopted Expansions and New Product Development as the Key Growth Strategy From 2014 to 2019
Figure 40 ZF Friedrichshafen AG: Company Snapshot
Figure 41 ZF Friedrichshafen AG: SWOT Analysis
Figure 42 GKN PLC: Company Snapshot
Figure 43 GKN PLC: SWOT Analysis
Figure 44 Dana Incorporated: Company Snapshot
Figure 45 Dana Holding Corporation: SWOT Analysis
Figure 46 American Axle and Manufacturing Holdings: Company Snapshot
Figure 47 American Axle & Manufacturing Holdings, Inc.: SWOT Analysis
Figure 48 Meritor Inc.: Company Snapshot
Figure 49 SWOT Analysis: Meritor, Inc.
Figure 50 Showa Corporation: Company Snapshot
Figure 51 Hyundai Wia Corporation: Company Snapshot
Figure 52 Gestamp: Company Snapshot
Figure 53 Jtekt: Company Snapshot
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. 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% 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.
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 global axle and propeller shaft market. In this approach, the country-level vehicle production statistics for each vehicle type (passenger car, LCV, and HCV) have been considered.
To determine the market size, in terms of volume, for axle and propeller shaft, vehicle production numbers have been multiplied by country-level penetration of each technology considered in the study. This country-level market size, in terms of volume, of the global automotive axle and propeller shaft market, is then multiplied with the country-level average OE price (AOP) of each product. This results in the country-level market size, in terms of value. The summation of the country-level market gives the regional market, and further summation of the regional market provides the global automotive axle and propeller shaft market
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 (2019 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 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
Scope of the Report
|
Report Metric |
Details |
|
Market Size Available for Years |
20172025 |
|
Base Year Considered |
2018 |
|
Forecast Period |
20192025 |
|
Forecast Units |
Value (USD million) and Volume (000 units) |
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Segments Covered |
Automotive axle market by axle type, automotive propeller shaft market by propeller type, automotive axle market by axle position, passenger car propeller shaft market by material, and region |
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Geographies Covered |
Asia Oceania, Europe, North America, and RoW |
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Companies Covered |
ZF (Germany), Dana Incorporated (US), GKN (UK), American Axle & Manufacturing (US), Meritor (US) |
This research report categorizes the automotive axle and propeller shaft market based on axle type, propeller shaft type, axle position, passenger car propeller shaft by material, and regions.
Automotive axle market, By Type
- Dead
- Live
- Tandem
Automotive axle market, By Axle Position
- Front
- Rear
Automotive propeller shaft market, By Type
- Single piece
- Multipiece
Passenger car propeller shaft market, By Material
- Alloy
- Carbon fiber
Automotive axle and propeller shaft market, By Region
- Asia Oceania
- Europe
- North America
- RoW
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the companys 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)
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Growth opportunities and latent adjacency in Automotive Axle & Propeller Shaft Market