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

[136 Pages Report] 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 the automotive 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 automotive axle and propeller shaft market during the forecast period

Europe is estimated to be the second largest and established automotive axle and propeller shaft market 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.

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

Automotive Axle and Propeller Shaft 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.

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
    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
    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 Automotive Axle and Propeller Shaft Market Size Estimation
    2.5 Automotive Axle and Propeller Shaft Market Breakdown & Data Triangulation
    2.6 Assumptions

3 Executive Summary

4 Premium Insights
    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 Automotive Axle and Propeller Shaft Market Overview
    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 Automotive Axle and Propeller Shaft Market
    6.1 Ongoing Innovations in Axle & Propeller Shaft Market
    6.2 Automotive Axle & Propeller Shaft Market - Top Investment Pockets in World 
    6.3 Automotive Axle & Propeller Shaft Market - Value Chain Analysis 

7 Automotive Axle Market, By Type
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
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
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
Note - The Chapter is Further Segmented at Regional Level and Regions and 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 Aftermarket, By Region
     11.1 Introduction
     11.2 Asia Oceania
     11.3 Europe
     11.4 North America
     11.5 Rest of the World

12 Automotive Axle and Propeller Shaft Market, By Region
Note - The Chapter is Further Segmented By Product Type – Axle & Propeller Shaft for Each Country
     12.1 Introduction
     12.2 Asia Oceania
             12.2.1 China
                        12.2.1.1 China Vehicle Production, By Vehicle Type
                        12.2.1.2 China is Estimated to Be the Largest Automotive Axle and Propeller Shaft Market in 2019
             12.2.2 Japan
                        12.2.2.1 Japan Vehicle Production, By Vehicle Type
                        12.2.2.2 Propeller Shaft is Forecasted to Grow at A Highest CAGR During the Period of 2019-2025
             12.2.3 South Korea
                        12.2.3.1 South Korea Vehicle Production, By Vehicle Type
                        12.2.3.2 Axle is Estimated to Be Largest in South Korean Market, By Product Type
             12.2.4 India
                        12.2.4.1 India Vehicle Production, By Vehicle Type
                        12.2.4.2 India is Anticipated to Be the Fastest Growing Market in Asia Oceania During the Forecast Period
             12.2.5 Rest of Asia Oceania
                        12.2.5.1 Rest of Asia Oceania Vehicle Production, By Vehicle Type
                        12.2.5.2 Axle is Estimated to Be the Largest Market, By Product Type in Rest of Asia Oceania
     12.3 Europe
             12.3.1 Germany
                        12.3.1.1 Germany Vehicle Production, By Vehicle Type
                        12.3.1.2 Germany is Estimated to Be the Largest Market in Europe
             12.3.2 France
                        12.3.2.1 France Vehicle Production, By Vehicle Type
                        12.3.2.2 Axle is Estimated to Be the Largest Market, By Product Type in France
             12.3.3 UK
                        12.3.3.1 UK Vehicle Production, By Vehicle Type
                        12.3.3.2 Axle is Estimated to Be the Largest Market, By Product Type in UK
             12.3.5 Spain
                        12.3.5.1 Spain Vehicle Production, By Vehicle Type
             12.3.6 Poland
                        12.3.6.1 Poland Vehicle Production, By Vehicle Type
             12.3.7 Slovakia
                        12.3.7.1 Slovakia Vehicle Production, By Vehicle Type
             12.3.8 Rest of Europe
                        12.3.8.1 Rest of Europe Vehicle Production, By Vehicle Type
                        12.3.8.2 Propeller Shaft is Forecasted to Grow at A Highest CAGR During the Period of 2019-2025
     12.4 North America
             12.4.1 US
                        12.4.1.1 US Vehicle Production, By Vehicle Type
                        12.4.1.2 US is Estimated to Be the Largest Market for North America in 2019
             12.4.2 Canada
                        12.4.2.1 Canada Vehicle Production, By Vehicle Type
                        12.4.2.2 Axle is Estimated to Be the Largest Market for Canada in 2019
             12.4.3 Mexico
                        12.4.3.1 Mexico Vehicle Production, By Vehicle Type
                        12.4.3.2 Mexico is Anticipated to Be the Fastest Growing Automotive Axle and Propeller Shaft Market in North America During the Forecast Period
     12.5 RoW
             12.5.1 South Africa
                        12.5.1.1 South Africa Vehicle Production, By Vehicle Type
                        12.5.1.2 Axle is Estimated to Be the Largest Market for South Africa
             12.5.2 Brazil
                        12.5.2.1 Brazil Vehicle Production, By Vehicle Type
                        12.5.2.2 Brazil is Anticipated to Be the Largest as Well as Fastest Market in RoW
             12.5.3 Argentina
                        12.5.3.1 Argentina Vehicle Production, By Vehicle Type
             12.5.4 Russia
                        12.5.4.1 Russia Vehicle Production, By Vehicle Type
             12.5.5 Rest of RoW
                        12.5.5.1 Rest of World Vehicle Production, By Vehicle Type
                        12.5.5.2 Axle is Estimated to Be the Largest Rest of RoW Market in 2019

13 Connected Markets for Axle & Propeller Shaft Market
     13.1 Introduction
     13.2 Automotive Drivetrain Market
             13.2.1 Global Automotive Drivetrain Market, By Product Type
             13.2.2 Regional Automotive Drivetrain Market, By Product Type
                        13.2.2.1 Asia-Oceania Automotive Drivetrain Market, Product Type
                        13.2.2.2 Europe Automotive Drivetrain Market, By Product Type
                        13.2.2.3 North America Automotive Drivetrain Market, By Product Type
                        13.2.2.4 RoW Automotive Drivetrain Market, By Product Type
     13.3 Automotive Transmission Market
             13.3.1 Global Transmission Market, By Product Type
             13.3.2 Regional Transmission Market, By Product Type
                        13.3.2.1 Asia-Oceania Transmission Market, Product Type
                        13.3.2.2 Europe Transmission Market, By Product Type
                        13.3.2.3 North America Transmission Market, By Product Type
                        13.3.2.4 RoW Transmission Market, By Product Type
     13.4 Automotive Differential Market
             13.4.1 Global Differential Market, By Product Type
             13.4.2 Regional Differential Market, By Product Type
                        13.4.2.1 Asia-Oceania Differential Market, Product Type
                        13.4.2.2 Europe Differential Market, By Product Type
                        13.4.2.3 North America Differential Motors Market, By Product Type
                        13.4.2.4 RoW Differential Market, By Product Type
     13.5 Automotive Awd Market 
             13.5.1 Global Awd Market, By Vehicle Type
             13.5.2 Regional Awd Market, By Vehicle Type
                        13.5.2.1 Asia-Oceania Awd Market, Vehicle Type
                        13.5.2.2 Europe Awd Market, By Vehicle Type
                        13.5.2.3 North America Awd Motors Market, Vehicle Type
                        13.5.2.4 RoW Awd Market, By Vehicle Type
     13.6 Automotive Gear Motor Market
             13.6.1 Global Automotive Gear Market, By Vehicle Type
             13.6.2 Regional Automotive Gear Market, By Vehicle Type
                        13.6.2.1 Asia-Oceania Automotive Gear Market, Vehicle Type
                        13.6.2.2 Europe Automotive Gear Market, By Vehicle Type
                        13.6.2.3 North America Automotive Gear Or Market, Vehicle Type
                        13.6.2.4 RoW Automotive Gear Market, By Vehicle Type

14 Competitive Landscape
     14.1 Overview
     14.2 Automotive Axle and Propeller Shaft Market Share
             14.2.1 Automotive Axle Market Scenario
             14.2.2 Automotive Propeller Shaft Market Scenario
     14.3 Competitive Leadership Mapping
             14.3.1 Terminology
             14.3.2 Visionary Leaders
             14.3.3 Innovators
             14.3.4 Dynamic Differentiators
             14.3.5 Emerging Companies
             14.3.6 Strength of Product Portfolio
             14.3.7 Business Strategy Excellence
     14.4 Competitive Scenario
             14.4.1 New Product Launches/New Product Developments
             14.4.2 Supply Contract/Partnerships/Joint Ventures/Collaborations
             14.4.3 Expansions
             14.4.4 Mergers & Acquisitions

15 Company Profiles
(Business Overview, Products & Services, Recent Developments & SWOT Analysis)* 
     15.1 ZF Friedrichshafen AG
     15.2 GKN Plc
     15.3 Dana Incorporated
     15.4 American Axle & Manufacturing Holdings, Inc.
     15.5 Meritor, Inc.
     15.6 Showa Corporation
     15.7 Hyundai Wia Corporation
     15.8 Gestamp
     15.9 Jtekt Corporation
     15.10 Ifa Rotorion Holding Gmbh
*Details on Business Overview, Products & Services, Recent Developments & SWOT Analysis Might Not Be Captured in Case of Unlisted Companies. 

16 Appendix
     16.1 Key Insights of Industry Experts
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Available Customizations
             16.4.1 Automotive Axle Market, By Vehicle Type
                        16.4.1.1 Passenger Car
                        16.4.1.2 Light Commercial Vehicle
                        16.4.1.3 Heavy Commercial Vehicle
             16.4.2 Additional Company Information
     16.5 Related Reports
     16.6 Author Details


List of Tables (186 Tables)

Table 1 Currency Exchange Rates (W.R.T. Per USD)
Table 2 Porter’s Five Forces Analysis
Table 3 Automotive Axle & Propeller Shaft Market - Top Investment Pockets in World
Table 4 Automotive Axle & Propeller Shaft Market - Value Chain Analysis
Table 5 Automotive Axle Market, By Type, 2017–2025 (‘000 Units)
Table 6 Automotive Axle Market, By Type, 2017–2027 (USD Million)
Table 7 Passenger Car: Dead Axle Market, By Region, 2017–2025 (‘000 Units)
Table 8 Passenger Car: Dead Axle Market, By Region, 2017–2025 (USD Million)
Table 9 LCV: Dead Axle Market, By Region, 2017–2025 (‘000 Units)
Table 10 LCV: Dead Axle Market, By Region, 2017–2025 (USD Million)
Table 11 HCV: Dead Axle Market, By Region, 2017–2025 (‘000 Units)
Table 12 HCV: Dead Axle Market, By Region, 2017–2025 (USD Million)
Table 13 Passenger Car: Live Axle Market, By Region, 2017–2025 (‘000 Units)
Table 14 Passenger Car: Live Axle Market, By Region, 2017–2025 (USD Million)
Table 15 LCV: Live Axle Market, By Region, 2017–2025 (‘000 Units)
Table 16 LCV: Live Axle Market, By Region, 2017–2025 (USD Million)
Table 17 HCV: Live Axle Market, By Region, 2017–2025 (‘000 Units)
Table 18 HCV: Live Axle Market, By Region, 2017–2025 (USD Million)
Table 19 Tandem Axle Market, By Region, 2017–2025 (‘000 Units)
Table 20 Tandem Axle Market, By Region, 2017–2025 (USD Million)
Table 21 Automotive Axle Market, By Position, 2017–2025 (‘000 Units)
Table 22 Automotive Axle Market, By Position, 2017–2025 (USD Million)
Table 23 Front: Automotive Axle Market, By Vehicle Type, 2017–2025 (‘000 Units)
Table 24 Front: Automotive Axle Market, By Vehicle Type, 2017–2025 (USD Million)
Table 25 Rear: Automotive Axle Market, By Vehicle Type, 2017–2025 (‘000 Units)
Table 26 Rear: Automotive Axle Market, By Vehicle Type, 2017–2025 (USD Million)
Table 27 Automotive Propeller Shaft Market, By Type, 2017–2025 (‘000 Units)
Table 28 Automotive Propeller Shaft Market, By Type, 2017–2025 (USD Million)
Table 29 Single Piece: Automotive Propeller Shaft Market, By Region, 2017–2025 (‘000 Units)
Table 30 Single Piece: Automotive Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 31 Single Piece: Automotive Propeller Shaft Market, By Vehicle Type, 2017–2025 (‘000 Units)
Table 32 Single Piece: Automotive Propeller Shaft Market, By Vehicle Type, 2017–2025 (USD Million)
Table 33 Passenger Car: Single Piece Propeller Shaft Market, By Region, 2017–2025 (‘000 Units)
Table 34 Passenger Car: Single Piece Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 35 LCV: Single Piece Propeller Shaft Market, By Region, 2017–2025 (‘000 Units)
Table 36 LCV: Single Piece Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 37 HCV: Single Piece Propeller Shaft Market, By Region, 2017–2025 (‘000 Units)
Table 38 HCV: Single Piece Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 39 Multi Piece: Propeller Shaft Market, By Vehicle Type, 2017–2025 (‘000 Units)
Table 40 Multi Piece: Automotive Propeller Shaft Market, By Vehicle Type, 2017–2025 (USD Million)
Table 41 HCV: Multi Piece Propeller Shaft Market, By Region, 2017–2025 (‘000 Units)
Table 42 HCV: Multi Piece Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 43 Passenger Car Propeller Shaft Market, By Material, 2017–2025 (‘000 Units)
Table 44 Passenger Car Propeller Shaft Market, By Material, 2017–2025 (USD Million)
Table 45 Alloy: Passenger Car Propeller Shaft Market, By Region, 2017–2025 (‘000 Units)
Table 46 Alloy: Passenger Car Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 47 Carbon Fiber: Passenger Car Propeller Shaft Market, By Region, 2017–2025 (‘000 Units)
Table 48 Carbon Fiber: Passenger Car Carbon Fiber Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 49 Axle & Propeller Shaft Aftermarket, By Region
Table 50 Asia Oceania Axle & Propeller Shaft Aftermarket, By Product Type
Table 51 Europe Axle & Propeller Shaft Aftermarket, By Region
Table 52 North America Axle & Propeller Shaft Aftermarket, By Region
Table 53 Rest of the World Axle & Propeller Shaft Aftermarket, By Region
Table 54 Automotive Axle and Propeller Shaft Market, By Region, 2017–2025 (‘Ooo Units)
Table 55 Automotive Axle and Propeller Shaft Market, By Region, 2017–2025 (USD Million)
Table 56 Asia Oceania: Automotive Axle and Propeller Market, By Country, 2017–2025 (‘000 Units)
Table 57 Asia Oceania: Automotive Axle and Propeller Market, By Country, 2017–2025 (USD Million)
Table 58 China Vehicle Production, By Vehicle Type
Table 59 China: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (‘000 Units)
Table 60 China: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 61 Japan Vehicle Production, By Vehicle Type
Table 62 Japan: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (‘000 Units)
Table 63 Japan: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 64 South Korea Vehicle Production, By Vehicle Type
Table 65 South Korea: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (‘000 Units)
Table 66 South Korea: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 67 India Vehicle Production, By Vehicle Type
Table 68 India: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (‘000 Units)
Table 69 India: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 70 Rest of Asia Oceania Vehicle Production, By Vehicle Type
Table 71 Rest of Asia Oceania: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (‘000 Units)
Table 72 Rest of Asia Oceania: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 73 Europe: Automotive Axle and Propeller Shaft Market, By Country, 2017–2025 (‘000 Units)
Table 74 Europe: Automotive Axle and Propeller Shaft Market, By Country, 2017–2025 (USD Million)
Table 75 Germany Vehicle Production, By Vehicle Type
Table 76 Germany: Automotive Axle and Propeller Shaft Market, By Product Type, 2017–2025 (‘000 Units)
Table 77 Germany: Automotive Axle and Propeller Shaft Market, By Product Type, 2017–2025 (USD Million)
Table 78 France Vehicle Production, By Vehicle Type
Table 79 France: Automotive Axle and Propeller Shaft Market, By Product Type, 2017–2025 (‘000 Units)
Table 80 France: Automotive Axle and Propeller Shaft Market, By Product Type, 2017–2025 (USD Million)
Table 81 UK Vehicle Production, By Vehicle Type
Table 82 UK: Automotive Axle and Propeller Shaft Market, By Product Type, 2017–2025 (‘000 Units)
Table 83 UK: Automotive Axle and Propeller Shaft Market, By Product Type, 2017–2025 (USD Million)
Table 84 Spain: Vehicle Production, By Vehicle Type
Table 85 Spain: Axle and Propeller Market, By Product, 2017–2027 (Million Units)
Table 86 Spain: Axle and Propeller Market, By Product, 2017–2027 (USD Million)
Table 87 Poland Vehicle Production, By Vehicle Type
Table 88 Poland: Axle and Propeller Market, By Product, 2017–2027 (Million Units)
Table 89 Poland: Axle and Propeller Market, By Product, 2017–2027 (USD Million)
Table 90 Slovakia Vehicle Production, By Vehicle Type
Table 91 Slovakia: Axle and Propeller Market, By Product, 2017–2027 (Million Units)
Table 92 Slovakia: Axle and Propeller Market, By Product, 2017–2027 (USD Million)
Table 93 Rest of Europe Vehicle Production, By Vehicle Type
Table 94 Rest of Europe: Automotive Axle and Propeller Shaft Market, By Product Type, 2017–2025 (‘000 Units)
Table 95 Rest of Europe: Automotive Axle and Propeller Shaft Market, By Product Type, 2017–2025 (USD Million)
Table 96 North America: Automotive Axle and Propeller Shaft Market, By Country, 2017–2025 (‘000 Units)
Table 97 North America: Automotive Axle and Propeller Shaft Market, By Country, 2017–2025 (USD Million)
Table 98 US Vehicle Production, By Vehicle Type
Table 99 US: Automotive Axle and Propeller Shaft Market, By Product Type, 2017–2025 (‘000 Units)
Table 100 US: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 101 Canada Vehicle Production, By Vehicle Type
Table 102 Canada: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (‘000 Units)
Table 103 Canada: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 104 Mexico Vehicle Production, By Vehicle Type
Table 105 Mexico: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (‘000 Units)
Table 106 Mexico: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 107 RoW: Automotive Axle and Propeller Shaft Market, By Country, 2017–2025 (‘000 Units)
Table 108 RoW: Automotive Axle and Propeller Shaft Market, By Country, 2017–2025 (USD Million)
Table 109 South Africa Vehicle Production, By Vehicle Type
Table 110 South Africa: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (‘000 Units)
Table 111 South Africa: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 112 Brazil Vehicle Production, By Vehicle Type
Table 113 Brazil: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (‘000 Units)
Table 114 Brazil: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 115 Argentina Vehicle Production, By Vehicle Type
Table 116 Argentina: Automotive Axle and Propeller Market, By Product, 2017–2027 (Million Units)
Table 117 Argentina: Automotive Axle and Propeller Market, By Product, 2017–2027 (USD Million)
Table 118 Russia Vehicle Production, By Vehicle Type
Table 119 Russia: Automotive Axle and Propeller Market, By Product, 2017–2027 (Million Units)
Table 120 Russia: Automotive Axle and Propeller Market, By Product, 2017–2027 (USD Million)
Table 121 Rest of RoW: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (‘000 Units)
Table 122 Rest of RoW: Automotive Axle and Propeller Market, By Product Type, 2017–2025 (USD Million)
Table 123 Global Drivetrain Market, By Product Type, 2013-2020 (Million Units)
Table 124 Global Drivetrain Market, By Product Type, 2013-2020 (USD Million)
Table 125 Asia Oceania: Drivetrain Market, By Product Type, 2013-2020 (Million Units)
Table 126 Asia Oceania: Drivetrain Market, By Product Type, 2013-2020 (USD Million)
Table 127 Europe: Drivetrain Market, By Product Type, 2013-2020 (Million Units)
Table 128 Europe: Drivetrain Market, By Product Type, 2013-2020 (USD Million)
Table 129 North America: Drivetrain Market, By Product Type, 2013-2020 (Million Units)
Table 130 North America: Drivetrain Market, By Product Type, 2013-2020 (USD Million)
Table 131 RoW: Drivetrain Market, By Product Type, 2013-2020 (Million Units)
Table 132 RoW: Drivetrain Market, By Product Type, 2013-2020 (USD Million)
Table 133 Global Transmission Market, By Product Type, 2013-2020 (Million Units)
Table 134 Global Transmission Market, By Product Type, 2013-2020 (USD Million)
Table 135 Asia Oceania: Transmission Market, By Product Type, 2013-2020 (Million Units)
Table 136 Asia Oceania: Transmission Market, By Product Type, 2013-2020 (USD Million)
Table 137 Europe: Transmission Market, By Product Type, 2013-2020 (Million Units)
Table 138 Europe: Transmission Market, By Product Type, 2013-2020 (USD Million)
Table 139 North America: Transmission Market, By Product Type, 2013-2020 (Million Units)
Table 140 North America: Transmission Market, By Product Type, 2013-2020 (USD Million)
Table 141 RoW: Transmission Market, By Product Type, 2013-2020 (Million Units)
Table 142 RoW: Transmission Market, By Product Type, 2013-2020 (USD Million)
Table 143 Global Differential Market, By Product Type, 2013-2020 (Million Units)
Table 144 Global Differential Market, By Product Type, 2013-2020 (USD Million)
Table 145 Asia Oceania: Differential Market, By Product Type, 2013-2020 (Million Units)
Table 146 Asia Oceania: Differential Market, By Product Type, 2013-2020 (USD Million)
Table 147 Europe: Differential Market, By Product Type, 2013-2020 (Million Units)
Table 148 Europe: Differential Market, By Product Type, 2013-2020 (USD Million)
Table 149 North America: Differential Market, By Product Type, 2013-2020 (Million Units)
Table 150 North America: Pump Market, By Product Type, 2013-2020 (USD Million)
Table 151 RoW: Differential Market, By Product Type, 2013-2020 (Million Units)
Table 152 RoW: Differential Market, By Product Type, 2013-2020 (USD Million)
Table 153 Global Automotive Gears Market, By Product Type, 2013-2020 (Million Units)
Table 154 Global Automotive Gears Market, By Product Type, 2013-2020 (USD Million)
Table 155 Asia Oceania: Automotive Gears Market, By Product Type, 2013-2020 (Million Units)
Table 156 Asia Oceania: Automotive Gears Market, By Product Type, 2013-2020 (USD Million)
Table 157 Europe: Automotive Gears Market, By Product Type, 2013-2020 (Million Units)
Table 158 Europe: Automotive Gears Market, By Product Type, 2013-2020 (USD Million)
Table 159 North America: Automotive Gears Market, By Product Type, 2013-2020 (Million Units)
Table 160 North America: Automotive Gears Market, By Product Type, 2013-2020 (USD Million)
Table 161 RoW: Automotive Gears Market, By Product Type, 2013-2020 (Million Units)
Table 162 RoW: Automotive Gears Market, By Product Type, 2013-2020 (USD Million)
Table 163 Global AWD Market, By Product Type, 2013-2020 (Million Units)
Table 164 Global AWD Market, By Product Type, 2013-2020 (USD Million)
Table 165 Asia Oceania: Awd Market, By Product Type, 2013-2020 (Million Units)
Table 166 Asia Oceania: Awd Market, By Product Type, 2013-2020 (USD Million)
Table 167 Europe: Awd Market, By Product Type, 2013-2020 (Million Units)
Table 168 Europe: Awd Market, By Product Type, 2013-2020 (USD Million)
Table 169 North America: Awd Market, By Product Type, 2013-2020 (Million Units)
Table 170 North America: Awd Market, By Product Type, 2013-2020 (USD Million)
Table 171 RoW: Awd Market, By Product Type, 2013-2020 (Million Units)
Table 172 RoW: Awd Market, By Product Type, 2013-2020 (USD Million)
Table 173 New Product Launches/New Product Developments, 2014–2019
Table 174 Supply Contract/Partnerships/Joint Ventures/Collaborations, 2018–2019
Table 175 Expansions, 2014–2019
Table 176 Mergers & Acquisitions, 2017-2019
Table 177 ZF Friedrichshafen AG: Recent Developments
Table 178 GKN Plc: Recent Developments
Table 179 Dana Incorporated: Recent Developments
Table 180 American Axle & Manufacturing Holdings, Inc: Recent Developments
Table 181 Meritor, Inc: Recent Developments
Table 182 Showa Corporation: Recent Developments
Table 183 Hyundai Wia Corporation: Recent Developments
Table 184 Gestamp: Recent Developments
Table 185 Jtekt Corporation: Recent Developments
Table 186 Ifa Rotorion Holding Gmbh: 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 Increased Focus on Weight Reduction and Optimized Vehicle Performance Prompt Usage of Lightweight Materials Which Bring Lucrative Opportuities 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 Automotive Axle and Propeller Shaft Market
Figure 20 Porter’s 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 Automotive Axle and Propeller Shaft Market Affects the Intensity of Competitive Rivalry
Figure 26 Automotive Axle Market, By Type, 2019–2025 (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, 2019–2025 (USD Million)
Figure 31 Passenger Car Propeller Shaft Market, By Material, 2019-2025 (USD Million)
Figure 32 Automotive Axle & Propeller Shaft Market, By Region, 2019–2025 (USD Million)
Figure 33 Asia Oceania: Automotive Axle & Propeller Shaft Market Snapshot
Figure 34 North America: Automotive Axle & Propeller Shaft Market Snapshot
Figure 35 Automotive Axle and Propeller Shaft 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 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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