This report provides exclusive insights into the COVID-19 impact on the Automotive Axle and Propeller Shaft Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Automotive Axle and Propeller Shaft Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Automotive Axle and Propeller Shaft Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
report published by Infinium Global Research on the automotive axle and propeller
shaft market provides an in-depth analysis of segments and sub-segments in the
global as well as regional automotive axle and propeller shaft market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional automotive axle and propeller shaft market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of global automotive axle and propeller
shaft market. According to the report, the global automotive axle and propeller
shaft market are projected to grow at a CAGR of 3.74% over the forecast period
axle and propeller shaft are the major components of the vehicle for generating
momentum by driving torque between wheels and engine respectively. Propeller
shaft transmits power from gearbox to the rear axle. Normally the shaft has a
tubular section and is made in one- or two-piece construction. Nowadays
composite carbon fiber is used instead of existing metal propeller shaft that
reduces magnetic, ELEF and noise signatures.
An increasing number of vehicle production and demand for the luxury vehicle are driving the factor for the growth of the global automotive axle and propeller shaft market.
Growing demand for the electric and hybrid vehicle along with enhancement in
the connected technologies boost the growth of the global automotive axle and
propeller shaft market. On the other hand, the fluctuating cost for the raw
material may hamper the growth of the automobile axle and propeller shaft
market. Furthermore, rising demand for efficient and advanced material in
the axle and shaft and demand for the lightweight and fuel-efficient vehicles
may create an opportunity for the growth of the global automotive axle and
propeller shaft market.
Asia Pacific region dominates by the largest market share in the automotive
axle and propeller shaft market due to the adoption of advanced technologies by
the manufacturer and an increasing number of fleet production. In Asia-Pacific,
China holds the highest share followed by Japan and India. China is the major
country for the production of electric vehicle that boosts the growth of the
market. Asia Pacific region expected to boost the growth of the automotive axle
and propeller shaft market due to the presence of major manufacturers such as
HYUNDAI WIA CORP, SHOWA Corporation, and other manufacturers. Europe holds the
second position in the global automotive axle and propeller shaft market. In
Europe, Germany is the leading country for the production of vehicles.
The report on
global automotive axle and propeller shaft market covers segments such as axle
type, propeller shaft type, and vehicle type. On the basis of axle type,
the sub-markets include dead axle, live axle, and tandem axle. On the basis of
propeller shaft type, the sub-markets include single piece propeller
shaft, and multi piece propeller shaft. On the basis of vehicle type, the
sub-markets include passenger cars, and commercial vehicles.
provides profiles of the companies in the market such as GKN PLC, SHOWA
Corporation, Dana Incorporated, ZF Friedrichshafen AG, HYUNDAI WIA CORP., American
Axle & Manufacturing, Inc., Meritor, Inc., IFA Holding GmbH, JTEKT
Corporation, RSB Group, and Other Companies.
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of automotive axle and propeller shaft market.
Moreover, the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.