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Automotive Axle & Propeller Shaft - Global Market Trajectory & Analytics

  • ID: 4804435
  • Report
  • July 2020
  • Region: Global
  • 281 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • DANA
  • GKN PLC
  • HYUNDAI WIA CORPORATION
  • IFA HOLDING GMBH
  • JTEKT CORPORATION
  • MERITOR
  • MORE
Global Automotive Axle and Propeller Shaft Market to Reach US$78.1 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Automotive Axle and Propeller Shaft estimated at US$48.6 Billion in the year 2020, is projected to reach a revised size of US$78.1 Billion by 2027, growing at a CAGR of 7% over the analysis period 2020-2027.Live, one of the segments analyzed in the report, is projected to grow at a 7.6% CAGR to reach US$28.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dead segment is readjusted to a revised 6.4% CAGR for the next 7-year period. This segment currently accounts for a 40.6% share of the global Automotive Axle and Propeller Shaft market.

The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 10.7% CAGR for the Period of 2020-2027

The Automotive Axle and Propeller Shaft market in the U. S. is estimated at US$13.2 Billion in the year 2020. The country currently accounts for a 27.04% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$17.2 Billion in the year 2027 trailing a CAGR of 10.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR while Rest of European market (as defined in the study) will reach US$17.2 Billion by the year 2027.

Tandem Axle Segment Corners a 23.8% Share in 2020

In the global Tandem Axle segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.7 Billion in the year 2020 will reach a projected size of US$13.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.7 Billion by the year 2027, while Latin America will expand at a 8.3% CAGR through the analysis period. The publisher brings years of research experience to this 9th edition of our report. The 281-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • 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

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • DANA
  • GKN PLC
  • HYUNDAI WIA CORPORATION
  • IFA HOLDING GMBH
  • JTEKT CORPORATION
  • MERITOR
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Automotive Axle & Propeller Shaft Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Asia Pacific Spearheads Market Expansion with Leading Automobile Production Hubs

A Key Demographic Driver of Consumerism, the Growing Middle Class Population in Asia Pacific Drives Demand for New Cars: Global Middle Class Population & Spending (In Million & US$ Billion) for the Years 2020, 2025, 2030

Percentage (In %) Breakdown of Automobile Production in Asia-Pacific by Country for the Year 2018

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Stable Automobile Production Trends Shape Market Growth

Led by China, Steadily Expanding Global Vehicle Production Outlines Growth Trajectory for Automotive Axle & Propeller Shafts: Global Light Vehicle Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022

Steady Global Production of Heavy Commercial Vehicles Boosts Demand for Automotive Axle

Robust Demand for Heavy Trucks in China Extends Opportunities for Automotive Tandem Axle in Heavy Commercial Vehicles Market: Heavy Trucks Production (In Units) in Asia Pacific Region by Country (2018)

With Multiple Live Axles Used in Commercial Vehicles, Rising Medium-Class Trucks Sales Driven by Growing e-Commerce Activities Benefits Market Growth: US Class 3-6 Truck Sales (In 1,000 Units) for the Years 2017, 2019 & 2021

Growing Focus on Lightweighting and Stringent Fuel Efficiency Norms Provide Lucrative Opportunities for Single Piece Propeller Shafts

Carbon Fiber Propeller Shafts Gain Traction in High End Variants

Expanding Use of Carbon Composites in Automotive Applications Provides Lucrative Market Opportunities for Carbon Fiber Propeller Shafts: Global Carbon Composites Demand (In Thousand Tons) in Automotive Industry for the Years 2017, 2019 & 2022

Shifting Consumer Preferences Builds Up Demand for Luxury Cars & SUVs, Driving Market Opportunities for Carbon Fiber Propeller Shafts: US Luxury Car Sales (In Units) by Leading Brands for the Year 2018

Emerging Demand for SUVs and All Wheel Drive (AWD) Vehicles Bodes Well for Live Axle and Single Piece Propeller Shaft Demand

Robust Outlook for SUV Sales to Benefit Growth in the Market: Global Sales of SUVs (In Million) for the Years 2015, 2017, 2019, 2021

Global AWD Vehicle Sales (In Million Units) for the Years 2017, 2020 & 2023

Rise of E-Mobility Pioneers Development of Electric Axles

Growing Demand for Electric Buses Driven by Strong Government Initiatives to Improve Public Transportation Networks Promises Market Opportunities for Electric Axles: Global Municipal Electric Buses Fleet (In Units) by Geographic Region/Country for the Years 2020, 2025 & 2030

Fluctuations in Raw Material Pricing Challenges Market Growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Automotive Axle & Propeller Shaft Market Share (in %) by Company: 2019 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Automotive Axle & Propeller Shaft Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 47

Note: Product cover images may vary from those shown
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  • AMERICAN AXLE & MANUFACTURING
  • DANA
  • GKN PLC
  • GESTAMP AUTOMOCION S.A. (SPAIN)
  • HYUNDAI WIA CORPORATION
  • IFA HOLDING GMBH
  • JTEKT CORPORATION
  • MERITOR
  • RSB GROUP
  • SHOWA CORPORATION
  • ZF FRIEDRICHSHAFEN AG
Note: Product cover images may vary from those shown
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