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

The global automotive axle and propeller shaft 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 segment is estimated to hold the largest share in automotive propeller shaft market

Single-piece propeller shaft dominates the automotive propeller shaft market during the forecast period. The factors that drive the growth of this segment are cost-effectiveness as well as its overall durability. The single-piece propeller shaft is used more than the multi-piece propeller shaft majorly because of its lightweight with high fuel efficiency. The single-piece propeller shaft becomes an ideal choice for the shorter distance between the engine and the rear axle. The demand for the sport utility vehicle segment is rising mainly in US, China, and India, owing to the improving economic environment, low crude oil prices, and rising per capita income. This will prompt the demand for rear wheel drive vehicles which are usually installed with single-piece shaft and subsequently the growth of SUVs would also foster the demand for single-piece propeller shaft in the future.

Live Axle is projected to lead the automotive axle market, by type, during the forecast period

Live axle is estimated to hold the largest share of the market during the forecast period between 2019 and 2025. Live axle drives the wheel connected to it along with supporting the weight of the car. Increasing consumer preference towards SUVs and RWD passenger cars as well as consistent growth in overall vehicle production have triggered the growth of live axles’ market. The demand of RWD/AWD in the US, China, Japan, and European countries have shown significant growth in recent years, and the trend is expected to continue over the forecast period, thus, ultimately boosting the live axle demand for light-duty vehicles. Additionally, the growth in the heavy vehicles, mainly in North America and Europe will propel the live axle demand in future.

Asia Oceania is expected to have a major share in the automotive axle & propeller shaft market

The study estimates Asia Oceania as the largest consumer for automotive axle & propeller shaft market during the forecast period. The region is the global leader in vehicle production, with production growth of about 26%–28% over the past five years for passenger cars and commercial vehicles. China has been the leading automotive market for vehicle production as well as sales in this region. According to OICA, China, along with Japan and India, accounted for almost 40%-44% of the global vehicle production in 2018.

Furthermore, as per the World Bank statistics, the per capita income in China and India increased by about 68% and 14%, respectively, from 2010 to 2015. The rise in disposable income is expected to increase the sales of economy, and premium vehicles, which, in turn, will drive the demand for axle and propeller shaft in the region.

Automotive Axle & Propeller Shaft Market

Market Dynamics

Automotive Axle & 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, Automotive Propeller shaft market by Vehicle type, 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 position

  • Front Axle
  • Rear Axle

Automotive axle market, by type

  • Dead axle
  • Live axle
  • Tandem axle

Automotive Propeller shaft market, by type

  • Single piece propeller shaft
  • Multi piece propeller shaft

Automotive Propeller shaft market, by Material

  • Alloy propeller shaft
  • Carbon fiber propeller shaft

Automotive Propeller shaft market, by Vehicle Type

  • Passenger car
  • Light commercial vehicle
  • Bus
  • Truck

Automotive axle and propeller shaft market, by region

  • Asia Oceania
  • Europe
  • North America
  • Rest of the World

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 are some of the top companies in the automotive axle and propeller shaft market. They have adopted the strategies of expansion, new product development, partnership, and merger & acquisition to retain its leading position in the automotive axle and propeller shaft market. Strengthening the product portfolio and global presence by building customer relationships, they have left a mark not only in the current market but also in emerging markets.

Recent Developments

  • In February 2019, ZF’s AxTrax AVE electric portal axle was honored with 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 all electric not only by battery or overhead lines but also in hybrid or fuel cell configurations. The flexibility in configuration options and in the selection of energy source makes it the ideal solution for almost any urban environment.
  • In February 2018, The eAxle was launched in its first application across Volvo’s range of T8 Twin Engine plug-in hybrids, picking up an Automotive News PACE Innovation Award in 2016. GKN’s coaxial eAxle powered the rear wheels of the LEVC (London EV Company) electrified TX model.
  • In May 2019, Dana supplied driveline technologies to General Motors in North and South America, including front and rear Spicer AdvanTEK axles and Spicer propshafts. Dana was recognized by General Motors as the “Supplier of the Year” for driveline technologies.
  • In June 2018, American Axle Manufacturing (AAM) announced that it would supply Power Transfer Units (PTU) for Ford Motor Co. crossover vehicles with all-wheel drive (AWD) starting with the 2019 Ford Edge and Lincoln Nautilus. The new contract expands AAM and Ford’s relationship while supporting their global growth in the popular crossover segment. The PTU is an integral part of the vehicles’ Intelligent AWD, which uses sensors to constantly monitor traction and assist the driver through difficult weather and challenging road conditions. It balances torque between the front and rear wheels to enhance handling and maximizes traction before the occurrence of wheel slip.

Key Questions addressed by the report

  • 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?
  • 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?

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)

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
           1.3.2 Currency
    1.4 Package Size
    1.5 Limitations
    1.6 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
    5.4 Revenue Missed: Opportunities for Axle and Propeller Shaft Manufacturers
    5.5 Automotive Axle and Propeller Shaft Market - Scenarios
           5.5.1 Pessimistic
           5.5.2 Most Likely
           5.5.3 Optimistic
    5.6 Average Selling Price (ASP) Analysis

6 Ongoing Innovations in Automotive Axle and Propeller Shaft Market (Page No. - 43)

7 Automotive Axle Market, By Position (Page No. - 44)
Note - The Chapter is Further Segmented at Regional Level -Asia Oceania, Europe, North America, and RoW
    7.1 Introduction
           7.1.1 Research Methodology
           7.1.2 Assumptions
           7.1.3 Industry Insights
    7.2 Front Axle
    7.3 Rear Axle

8 Automotive Axle Market, By Type (Page No. - 49)
Note - The Chapter is Further Segmented at Regional Level -Asia Oceania, Europe, North America, and RoW
    8.1 Introduction
           8.1.1 Research Methodology
           8.1.2 Assumptions
           8.1.3 Industry Insights
    8.2 Dead Axle
    8.3 Live Axle
    8.4 Tandem Axle

9 Automotive Propeller Shaft Market, By Type (Page No. - 58)
Note - The Chapter is Further Segmented at Regional Level -Asia Oceania, Europe, North America, and RoW
    9.1 Introduction
           9.1.1 Research Methodology
           9.1.2 Assumptions
           9.1.3 Industry Insights
    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)
Note - The Chapter is Further Segmented at Regional Level -Asia Oceania, Europe, North America, and RoW
     10.1 Introduction
             10.1.1 Research Methodology
             10.1.2 Assumptions
             10.1.3 Industry Insights
     10.2 Alloy Propeller Shaft
     10.3 Carbon Fiber Propeller Shaft

11 Automotive Propeller Shaft Market, By Vehicle Type 66
Note - The Chapter is Further Segmented at Regional Level -Asia Oceania, Europe, North America, and RoW
     11.1 Introduction
             10.1.1 Research Methodology
             10.1.2 Assumptions
             10.1.3 Industry Insights
     11.2 Passenger Car
     11.3 Light Commercial Vehicle
     11.4 Bus
     11.5 Truck

12 Automotive Axle and Propeller Shaft Market, By Region (Page No. - 71)
Note - The Chapter is Further Segmented By Product Type – Axle and Propeller Shaft
     12.1 Introduction
             12.1.1 Research Methodology
             12.1.2 Assumptions
             12.1.3 Industry Insights
     12.2 Asia Oceania
             12.2.1 Automotive Axle Market, By Position
             12.2.3 Automotive Propeller Shaft Market, By Type
             12.2.4 Automotive Propeller Shaft Market for Passenger Car, By Material
             12.5.5 Automotive Axle & Propeller Shaft Market, By Vehicle Type
             12.2.5 Automotive Axle & Propeller Shaft Market, By Region
                        12.2.5.1 China 76
                                     12.2.5.1.1 China Vehicle Production, By Vehicle Type (2012-2016)
                        12.2.5.2 Japan 77
                                     12.2.5.2.1 Japan Vehicle Production, By Vehicle Type (2012-2016)
                        12.2.5.3 South Korea 78
                                     12.2.5.3.1 South Korea Vehicle Production, By Vehicle Type (2012-2016)
                        12.2.5.4 India 79
                                     12.2.5.4.1 India Vehicle Production, By Vehicle Type (2012-2016)
                        12.2.5.5 Thailand 79
                                     12.2.5.5.1 Thailand Vehicle Production, By Vehicle Type (2012-2016)
                        12.2.5.6 Rest of Asia Oceania 80
     12.3 Europe
             12.3.1 Automotive Axle Market, By Position
             12.3.2 Automotive Axle Market, By Type
             12.3.3 Automotive Propeller Shaft Market, By Type
             12.3.4 Automotive Propeller Shaft Market for Passenger Car, By Material
             12.5.5 Automotive Axle & Propeller Shaft Market, By Vehicle Type
             12.3.5 Automotive Axle & Propeller Shaft Market, By Region
                        12.3.5.1 France 147
                                     12.3.5.1.1  France Vehicle Production, By Vehicle Type (2012-2016)
                        12.3.5.2 Germany 148
                                     12.3.5.2.1 Germany Vehicle Production, By Vehicle Type (2012-2016)
                        12.3.5.3 Italy 149
                                     12.3.5.3.1  Italy Vehicle Production, By Vehicle Type (2012-2016)
                        12.3.5.4 Spain 149
                                     12.3.5.4.1  Spain Vehicle Production, By Vehicle Type (2012-2016)
                        12.3.5.5 Turkey 150
                                     12.3.5.5.1  Turkey Vehicle Production, By Vehicle Type (2012-2016)
                        12.3.5.6 UK 151
                                     13.3.5.6.1  UK Vehicle Production, By Vehicle Type (2012-2016)
                        12.3.5.7 Russia 159
                                     12.3.5.7.1 Russia Vehicle Production, By Vehicle Type (2012-2016)
                        12.3.5.8 Rest of Europe 84
     12.4 North America
             12.4.1 Automotive Axle Market, By Position
             12.4.2 Automotive Axle Market, By Type
             12.4.3 Automotive Propeller Shaft Market, By Type
             12.4.4 Automotive Propeller Shaft Market for Passenger Car, By Material
             12.5.5 Automotive Axle & Propeller Shaft Market, By Vehicle Type
             12.4.5 Automotive Axle & Propeller Shaft Market, By Region
                        12.4.5.1 Canada
                                     12.4.5.1.1 Canada Vehicle Production, By Vehicle Type (2012-2016)
                        12.4.5.2 Mexico
                                     12.4.5.2.1 Mexico Vehicle Production, By Vehicle Type (2012-2016)
                        12.4.5.3 US
                                     12.4.5.3.1 US Vehicle Production, By Vehicle Type (2012-2016)
     12.5 RoW
             12.5.1 Automotive Axle Market, By Position
             12.5.2 Automotive Axle Market, By Type
             12.5.3 Automotive Propeller Shaft Market, By Type
             12.5.4 Automotive Propeller Shaft Market for Passenger Car, By Material
             12.5.5 Automotive Axle & Propeller Shaft Market, By Vehicle Type
             12.5.5 Automotive Axle & Propeller Shaft Market, By Region
                        12.5.5.1 Brazil
                                     12.5.5.1.1 Brazil Vehicle Production, By Vehicle Type (2012-2016)
                        12.5.5.2 South Africa
                                     12.5.5.2.1 South Africa Vehicle Production, By Vehicle Type (2012-2016)
                        12.5.5.3 Rest of RoW

13 Competitive Landscape (Page No. - 93)
     13.1 Overview
     13.2 Axle and Propeller Shaft: Market Share
             13.2.1 Automotive Axle: Market Scenario
             13.2.2 Automotive Propeller Shaft: Market Scenario
     13.3 Competitive Leadership Mapping
             13.3.1 Terminology
             13.3.2 Visionary Leaders
             13.3.3 Innovators
             13.3.4 Dynamic Differentiators
             13.3.5 Emerging Companies
             13.3.6 Strength of Product Portfolio
             13.3.7 Business Strategy Excellence
     13.4 Competitive Scenario
             13.4.1 New Product Launches/New Product Developments
             13.4.2 Supply Contract/ Partnerships/Joint Ventures/ Collaborations
             13.4.3 Expansions
             13.4.4 Mergers & Acquisitions

13 Company Profiles (Page No. - 105)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View) * 
     13.1 ZF Friedrichshafen AG
             13.1.1 Business Overview
             13.1.2 Product Portfolio
             13.1.3 Recent Developments
             13.1.4 SWOT Analysis
             13.1.5 MnM View
     13.2 GKN Plc
             13.2.1 Business Overview
             13.2.2 Product Portfolio
             13.2.3 Recent Developments
             13.2.4 SWOT Analysis
             13.2.5 MnM View
     13.3 Dana Incorporated
             13.3.1 Business Overview
             13.3.2 Product Portfolio
             13.3.3 Recent Developments
             13.3.4 SWOT Analysis
             13.3.5 MnM View
     13.4 American Axle & Manufacturing Holdings, Inc.
             13.4.1 Business Overview
             13.4.2 Product Portfolio
             13.4.3 Recent Developments
             13.4.4 SWOT Analysis
             13.4.5 MnM View
     13.5 Meritor, Inc.
             13.5.1 Business Overview
             13.5.2 Product Portfolio
             13.5.3 Recent Developments
             13.5.4 SWOT Analysis
             13.5.5 MnM View
     13.6 Showa Corporation
             13.6.1 Business Overview
             13.6.2 Product Portfolio
             13.6.3 Recent Developments
     13.7 Hyundai Wia Corporation
             13.7.1 Business Overview
             13.7.2 Product Portfolio
             13.7.3 Recent Developments
     13.8 Gestamp
             13.8.1 Business Overview
             13.8.2 Product Portfolio
             13.8.3 Recent Developments
     13.9 JTEKT Corporation
             13.9.1 Business Overview
             13.9.2 Product Portfolio
             13.9.3 Recent Developments
     13.10 IFA Rotorion Holding GmbH
             13.10.1 Business Overview
             13.10.2 Product Portfolio
             13.10.3 Recent Developments
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.SWOT Analysis Covered for Top 5 Companies Only

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 Detailss


List of Tables (134 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 Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 50 Asia Oceania: Automotive Axle and Propeller Market Size, By Country, 2017–2025 (‘000 Units)
Table 51 Asia Oceania: Automotive Axle and Propeller Market Size, By Country, 2017–2025 (USD Million)
Table 52 Asia Oceania: Automotive Axle and Propeller Shaft Market Size, By Vehicle Type, 2017–2025 (‘000 Units)
Table 53 China Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 54 China: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (‘000 Units)
Table 55 China: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 56 Japan Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 57 Japan: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 58 Japan: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 59 South Korea Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 60 South Korea: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 61 South Korea: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 62 India Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 63 India: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 64 India: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 65 Thailand Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 66 Thailand: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 67 Thailand: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 68 Rest of Asia Oceania Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 69 Rest of Asia Oceania: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 70 Rest of Asia Oceania: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 71 Europe Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 72 Europe: Automotive Axle and Propeller Shaft Market Size, By Country, 2017–2025 (‘000 Units)
Table 73 Europe: Automotive Axle and Propeller Shaft Market Size, By Country, 2017–2025 (USD Million)
Table 74 Europe: Automotive Axle and Propeller Shaft Market Size, By Vehicle Type, 2017–2025 (‘000 Units)
Table 75 Germany Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 76 Germany: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 77 Germany: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (USD Million)
Table 78 France Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 79 France: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 80 France: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (USD Million)
Table 81 UK Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 82 UK: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 83 UK: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (USD Million)
Table 84 Italy Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 85 Italy: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 86 Italy: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (USD Million)
Table 87 Spain Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 88 Spain: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 89 Spain: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (USD Million)
Table 90 Turkey Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 91 Turkey: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 92 Turkey: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (USD Million)
Table 93 Rest of Europe Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 94 Rest of Europe: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 95 Rest of Europe: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (USD Million)
Table 96 North America Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 97 North America: Automotive Axle and Propeller Shaft Market Size, By Country, 2017–2025 (‘000 Units)
Table 98 North America: Automotive Axle and Propeller Shaft Market Size, By Country, 2017–2025 (USD Million)
Table 99 North America: Automotive Axle and Propeller Shaft Market Size, By Vehicle Type, 2017–2025 (‘000 Units)
Table 100 US Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 101 US: Automotive Axle and Propeller Shaft Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 102 US: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 103 Canada Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 104 Canada: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 105 Canada: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 106 Mexico Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 107 Mexico: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 108 Mexico: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 109 RoW Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 110 RoW: Automotive Axle and Propeller Shaft Market Size, By Country, 2017–2025 (‘000 Units)
Table 111 RoW: Automotive Axle and Propeller Shaft Market Size, By Country, 2017–2025 (USD Million)
Table 112 RoW: Automotive Axle and Propeller Shaft Market Size, By Vehicle Type, 2017–2025 (‘000 Units)
Table 113 South Africa Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 114 South Africa: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 115 South Africa: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 116 Brazil Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 117 Brazil: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 118 Brazil: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 119 Rest of RoW: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (‘000 Units)
Table 120 Rest of RoW: Automotive Axle and Propeller Market Size, By Product Type, 2017–2025 (USD Million)
Table 121 New Product Launches/New Product Developments, 2014–2019
Table 122 Supply Contract/ Partnerships/Joint Ventures/Collaborations, 2018–2019
Table 123 Expansions, 2014–2019
Table 124 Mergers & Acquisitions, 2017-2019
Table 125 ZF Friedrichshafen AG: Recent Developments
Table 126 GKN Plc: Recent Developments
Table 127 Dana Incorporated: Recent Developments
Table 128 American Axle & Manufacturing Holdings, Inc.: Recent Developments
Table 129 Meritor, Inc: Recent Developments
Table 130 Showa Corporation: Recent Developments
Table 131 Hyundai Wia Corporation: Recent Developments
Table 132 Gestamp: Recent Developments
Table 133 JTEKT Corporation: Recent Developments
Table 134 IFA Rotorion: Recent Developments


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 automotive axle and propeller shaft 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

Automotive Axle and Propeller Shaft Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the global automotive 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

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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