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 Jun, 2019, by marketsandmarkets.com

[135 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

Automotive Axle & 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.

Automotive Axle & Propeller Shaft Market

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 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.

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. - 15)
    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. - 18)
    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. - 26)

4 Premium Insights (Page No. - 30)
    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 and Propeller Shaft Market, By Axle Type
    4.6 Passenger Car Propeller Shaft Market, By Material
    4.7 Automotive Axle and Propeller Shaft Market, By Axle Position
    4.8 Automotive Axle and Propeller Shaft Market, By Propeller Shaft Type

5 Market Overview (Page No. - 35)
    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 Porter’s 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. - 43)

7 Automotive Axle Market, By Position (Page No. - 44)
    7.1 Introduction
    7.2 Front Axle
    7.3 Rear Axle

8 Automotive Axle Market, By Type (Page No. - 49)
    8.1 Introduction
    8.2 Dead Axle
    8.3 Live Axle
    8.4 Tandem Axle

9 Automotive Propeller Shaft Market, By Type (Page No. - 58)
    9.1 Introduction
    9.2 Single Piece Propeller Shaft
    9.3 Multi Piece Propeller Shaft

10 Automotive Propeller Shaft Market for Passenger Car, By Material (Page No. - 66)
     10.1 Introduction
     10.2 Alloy Propeller Shaft
     10.3 Carbon Fiber Propeller Shaft

11 Automotive Axle and Propeller Shaft Market, By Region (Page No. - 71)
     11.1 Introduction
     11.2 Asia Oceania
             11.2.1 China
             11.2.2 Japan
             11.2.3 South Korea
             11.2.4 India
             11.2.5 Rest of Asia Oceania
     11.3 Europe
             11.3.1 Germany
             11.3.2 France
             11.3.3 UK
             11.3.4 Rest of Europe
     11.4 North America
             11.4.1 Us
             11.4.2 Canada
             11.4.3 Mexico
     11.5 RoW
             11.5.1 South Africa
             11.5.2 Brazil
             11.5.3 Rest of RoW

12 Competitive Landscape (Page No. - 93)
     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. - 105)
     13.1 ZF Friedrichshafen AG
             13.1.1 Business Overview
             13.1.2 Products & Services
             13.1.3 Recent Developments
             13.1.4 SWOT Analysis
     13.2 GKN PLC
             13.2.1 Business Overview
             13.2.2 Products
             13.2.3 Recent Developments
             13.2.4 SWOT Analysis
     13.3 Dana Incorporated
             13.3.1 Business Overview
             13.3.2 Products
             13.3.3 Recent Developments
             13.3.4 SWOT Analysis
     13.4 American Axle & Manufacturing Holdings, Inc.
             13.4.1 Business Overview
             13.4.2 Products
             13.4.3 Recent Developments
             13.4.4 SWOT Analysis
     13.5 Meritor, Inc.
             13.5.1 Business Overview
             13.5.2 Products
             13.5.3 Recent Developments
             13.5.4 SWOT Analysis
     13.6 Showa Corporation
             13.6.1 Business Overview
             13.6.2 Products
             13.6.3 Recent Developments
     13.7 Hyundai Wia Corporation
             13.7.1 Business Overview
             13.7.2 Products
     13.8 Gestamp
             13.8.1 Business Overview
             13.8.2 Products
             13.8.3 Recent Developments
     13.9 Jtekt Corporation
             13.9.1 Business Overview
             13.9.2 Products
             13.9.3 Recent Developments
     13.1 IFA Rotorion Holding GmbH
             13.10.1 Business Overview
             13.10.2 Products
             13.10.3 Recent Developments

14 Appendix (Page No. - 129)
     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 Porter’s Five Forces Analysis
Table 3 Automotive Axle Market Size, By Position, 2017–2025 (‘000 Units)
Table 4 Automotive Axle Market Size, By Position, 2017–2025 (USD Million)
Table 5 Front Axle Market Size, By Vehicle Type, 2017–2025 (‘000 Units)
Table 6 Front Axle Market Size, By Vehicle Type, 2017–2025 (USD Million)
Table 7 Rear Axle Market Size, By Vehicle Type, 2017–2025 (‘000 Units)
Table 8 Rear Axle Market Size, By Vehicle Type, 2017–2025 (USD Million)
Table 9 Automotive Axle Market Size, By Type, 2017–2025 (‘000 Units)
Table 10 Automotive Axle Market Size, By Type, 2017–2027 (USD Million)
Table 11 Passenger Car: Dead Axle Market Size, By Region, 2017–2025 (‘000 Units)
Table 12 Passenger Car: Dead Axle Market Size, By Region, 2017–2025 (USD Million)
Table 13 LCV: Dead Axle Market Size, By Region, 2017–2025 (‘000 Units)
Table 14 LCV: Dead Axle Market Size, By Region, 2017–2025 (USD Million)
Table 15 HCV: Dead Axle Market Size, By Region, 2017–2025 (‘000 Units)
Table 16 HCV: Dead Axle Market Size, By Region, 2017–2025 (USD Million)
Table 17 Passenger Car: Live Axle Market Size, By Region, 2017–2025 (‘000 Units)
Table 18 Passenger Car: Live Axle Market Size, By Region, 2017–2025 (USD Million)
Table 19 LCV: Live Axle Market Size, By Region, 2017–2025 (‘000 Units)
Table 20 LCV: Live Axle Market Size, By Region, 2017–2025 (USD Million)
Table 21 HCV: Live Axle Market Size, By Region, 2017–2025 (‘000 Units)
Table 22 HCV: Live Axle Market Size, By Region, 2017–2025 (USD Million)
Table 23 Tandem Axle Market Size, By Region, 2017–2025 (‘000 Units)
Table 24 Tandem Axle Market Size, By Region, 2017–2025 (USD Million)
Table 25 Automotive Propeller Shaft Market, By Type, 2017–2025 (‘000 Units)
Table 26 Automotive Propeller Shaft Market, By Type, 2017–2025 (USD Million)
Table 27 Single Piece: Automotive Propeller Shaft Market, By Region, 2017–2025 (‘000 Units)
Table 28 Single Piece: Automotive Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 29 Single Piece: Automotive Propeller Shaft Market, By Vehicle Type, 2017–2025 (‘000 Units)
Table 30 Single Piece: Automotive Propeller Shaft Market, By Vehicle Type, 2017–2025 (USD Million)
Table 31 Passenger Car: Single Piece Propeller Shaft Market, By Region, 2017–2025 (‘000 Units)
Table 32 Passenger Car: Single Piece Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 33 LCV: Single Piece Propeller Shaft Market, By Region, 2017–2025 (‘000 Units)
Table 34 LCV: Single Piece Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 35 HCV: Single Piece Propeller Shaft Market, By Region, 2017–2025 (‘000 Units)
Table 36 HCV: Single Piece Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 37 Multi Piece Propeller Shaft Market, By Vehicle Type, 2017–2025 (‘000 Units)
Table 38 Multi Piece: Automotive Propeller Shaft Market, By Vehicle Type, 2017–2025 (USD Million)
Table 39 HCV: Multi Piece Propeller Shaft Market, By Region, 2017–2025 (‘000 Units)
Table 40 HCV: Multi Piece Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 41 Passenger Car Propeller Shaft Market Size, By Material, 2017–2025 (‘000 Units)
Table 42 Passenger Car Propeller Shaft Market Size, By Material, 2017–2025 (USD Million)
Table 43 Passenger Car Alloy Propeller Shaft Market Size, By Region, 2017–2025 (‘000 Units)
Table 44 Passenger Car Alloy Propeller Shaft Market Size, By Region, 2017–2025 (USD Million)
Table 45 Passenger Car Carbon Fiber Propeller Shaft Market Size, By Region, 2017–2025 (‘000 Units)
Table 46 Passenger Car Carbon Fiber Propeller Shaft Market Size, By Region, 2017–2025 (USD Million)
Table 47 Automotive Axle and Propeller Shaft Market Size, By Region, 2017–2025 (‘Ooo Units)
Table 48 Automotive Axle and Propeller Shaft Market Size, By Region, 2017–2025 (USD Million)
Table 49 Asia Oceania: Automotive Axle and Propeller Market Size, By Country, 2017–2025 (‘000 Units)
Table 50 Asia Oceania: Automotive Axle and Propeller Market Size, By Country, 2017–2025 (USD Million)
Table 51 China: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (‘000 Units)
Table 52 China: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 53 Japan: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 54 Japan: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 55 South Korea: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 56 South Korea: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 57 India: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 58 India: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 59 Rest of Asia Oceania: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 60 Rest of Asia Oceania: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 61 Europe: Automotive Axle and Propeller Shaft Market Size, By Country, 2017–2025 (‘000 Units)
Table 62 Europe: Automotive Axle and Propeller Shaft Market Size, By Country, 2017–2025 (USD Million)
Table 63 Germany: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 64 Germany: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (USD Million)
Table 65 France: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 66 France: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (USD Million)
Table 67 UK: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 68 UK: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (USD Million)
Table 69 Rest of Europe: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 70 Rest of Europe: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (USD Million)
Table 71 North America: Automotive Axle and Propeller Shaft Market Size, By Country, 2017–2025 (‘000 Units)
Table 72 North America: Automotive Axle and Propeller Shaft Market Size, By Country, 2017–2025 (USD Million)
Table 73 US: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 74 US: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 75 Canada: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 76 Canada: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 77 Mexico: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 78 Mexico: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 79 RoW: Automotive Axle and Propeller Shaft Market Size, By Country, 2017–2025 (‘000 Units)
Table 80 RoW: Automotive Axle and Propeller Shaft Market Size, By Country, 2017–2025 (USD Million)
Table 81 South Africa: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 82 South Africa: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 83 Brazil: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 84 Brazil: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 85 Rest of RoW: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 86 Rest of RoW: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 87 New Product Launches/New Product Developments, 2014–2019
Table 88 Supply Contract/ Partnerships/Joint Ventures/Collaborations, 2018–2019
Table 89 Expansions, 2014–2019
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, 2019–2025 (USD Million)
Figure 9 Automotive Propeller Shaft Market, By Type, 2019–2025 (USD Million)
Figure 10 Automotive Axle and Propeller Shaft Market Share, 2019 (USD Million)
Figure 11 Axle and China Accounted for the Largest Share By Product Type and Country, Respectively, 2019
Figure 12 India is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 13 Axle to Hold the Largest Share in the Automotive Axle and Propeller Shaft Market, 2019 vs 2025 (USD Million)
Figure 14 Live Axle Market to Be the Largest During the Forecast Period, 2019 Vs.2025 (USD Million)
Figure 15 Alloy Segment is Expected to Hold the Largest Market Share, 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 Growing Demand for Light Weight Vehicles Plays Pivotal Role in Driving This Market
Figure 19 Porter’s Five Forces Model
Figure 20 Initial Investment Coupled With the Existing Competition in the Automotive Axle and Propeller Shaft Industry has the Highest Impact on Market Entrants
Figure 21 Rising Demand for Front Wheel Drive Vehicles Impacts Threat of Substitutes
Figure 22 Higher Supplier Concentration & Low Product Differentiation to Supplier Impacts the Bargaining Power of Suppliers
Figure 23 Limited Number of Buyers Leads to an Increase in Their Bargaining Power
Figure 24 Established Players in This Market Affects the Intensity of Competitive Rivalry
Figure 25 Automotive Axle Market Snapshot, By Position, 2019 vs 2025 (USD Million)
Figure 26 Passenger Car is Projected to Be the Largest Market for Front Axle Segment During 2019–2025 (USD Million)
Figure 27 LCV Segment of the Rear Axle Market is Projected to Witness the Highest Market Size, 2019 vs 2025 (USD Million)
Figure 28 Automotive Axle Market, By Type, 2019–2025 (USD Million)
Figure 29 Automotive Propeller Shaft Market, By Type, 2019–2025 (USD Million)
Figure 30 High Growth is Anticipated for Alloy Propeller Shaft During the Forecast Period
Figure 31 Automotive Axle & Propeller Shaft Market, By Region, 2019–2025 (USD Million)
Figure 32 Asia Oceania Axle and Propeller Shaft Market: Regional Snapshot
Figure 33 North America Axle and Propeller Shaft Market: Regional Snapshot
Figure 34 North America: Automotive Axle and Propeller Shaft Market, By Country, 2019–2025 (USD Million)
Figure 35 Axle and Propeller Shaft: Market Share Analysis in 2018
Figure 36 Sliding Bearing Market for Railway Providers: 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.

Automotive Axle & Propeller Shaft Market

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

 

2017–2025

Base Year Considered

2018

Forecast Period

2019–2025

Forecast Units

Value (USD million) and Volume (‘000 units)

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

Geographies Covered

Asia Oceania, Europe, North America, and RoW

Companies Covered

ZF (Germany), Dana Incorporated (US), GKN (UK), American Axle & Manufacturing (US), Meritor (US)
Total of ten major players covered

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 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
Jun, 2019
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