Quick Summary:
Experience the future of the automotive industry today. Stay ahead of the curve in an industry that moves fast with our robust and timely market research report. Focusing on the rapidly evolving Automotive Axle and Propeller Shaft Market, this vital resource generously presents knowledge and insights to galvanize your operations and decisions.
Our meticulously analyzed report provides invaluable data around core elements of the market, including key regional zones such as the USA and China, and niche segments like Live Axle and Dead Axle. This resource is set to become cornerstone of your strategic planning and market intelligence function. Understand the competitive landscape with insights into key players like American Axle & Manufacturing Inc., Dana, Inc., and ZF Friedrichshafen AG. Furthermore, gain access to our digital archives and collaborative updates to ensure you remain informed and competitive. Our market research report promises more than mere data—it delivers a powerful competitive edge.
Global Automotive Axle and Propeller Shaft Market to Reach $40.4 Billion by 2030
The global market for Automotive Axle and Propeller Shaft estimated at US$29.3 Billion in the year 2022, is projected to reach a revised size of US$40.4 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2022-2030. Live Axle, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$20.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Dead Axle segment is readjusted to a revised 3.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $8 Billion, While China is Forecast to Grow at 6.9% CAGR
The Automotive Axle and Propeller Shaft market in the U.S. is estimated at US$8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.4 Billion by the year 2030.Select Competitors (Total 114 Featured) -
- American Axle & Manufacturing Inc.
- Dana, Inc.
- Gestamp Automocion S.A.
- GKN PLC
- Hyundai WIA Corporation
- IFA Holding GmbH
- JTEKT Corporation
- Meritor, Inc.
- Rsb Group
- Showa Corporation
- ZF Friedrichshafen AG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Automotive Axle and Propeller Shaft?
What is the growth rate of the Global Market for Automotive Axle and Propeller Shaft?
What is the forecasted size of the Global Market for Automotive Axle and Propeller Shaft?
Who are the key companies in the Global Market for Automotive Axle and Propeller Shaft?
| Report Attribute | Details |
|---|---|
| No. of Pages | 282 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 29.3 Billion |
| Forecasted Market Value ( USD | $ 40.4 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- American Axle & Manufacturing Inc.
- Dana, Inc.
- Gestamp Automocion S.A.
- GKN PLC
- Hyundai WIA Corporation
- IFA Holding GmbH
- JTEKT Corporation
- Meritor, Inc.
- Rsb Group
- Showa Corporation
- ZF Friedrichshafen AG
