automotive axle and propeller shaft market

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Automotive Axle Propeller Shaft Market by
Position (Front, Rear, and Inter-Axle Propeller
Shaft), Axle Type (Live, Dead, and Tandem Axle),
Propeller Shaft Type (Single, and Multi Piece),
Material (Alloy, and Carbon Fiber) - Global
Forecast to 2021
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Single piece propeller shaft segment Expected to
dominate the propeller shaft market Single
piece propeller shaft segment dominates the
global propeller shaft market, in terms of both
value and volume. The key reason for such market
growth is its cost effectiveness as well as
overall durability. Single piece propeller shaft
is more widespread than the multi piece propeller
shaft majorly because of its light weight and
high fuel efficiency.
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Live axle segment Expected to register the
highest growth rate Live axle drives the wheel
connected to it along with supporting the weight
of the car. Increasing consumers preference
towards SUVs and RWD passenger cars as well as
consistent growth in overall vehicle production
have triggered the growth of the live axle
market. Growing demand for passenger cars is
expected to positively impact the live axle
market.
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The live axle segment is set to register the
highest growth rate in comparison with dead and
tandem axles. Increasing focus towards optimizing
vehicle performance and delivering greater
torque would augment the live axle market. Also,
growing vehicle production as well as
engineering advancements to cater to the changing
customer needs would drive the market. The
carbon fiber propeller shaft segment is expected
to be the fastest growing market. Carbon fiber
composites are being used in automotive
components owing to their structural advantages
over their metallic counterparts. These include
lower weight and higher strength, which are of
vital importance to the OEMs. The cost is
expected to decline with mass adoption and
enhanced manufacturing process, which is
projected to make carbon fiber propeller shaft
more competitive in the marketplace. These
factors would make the carbon fiber propeller
shaft segment one of the fastest growing
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Asia-Oceania Largest market for axle and
propeller shaft Asia-Oceania comprises of
developing economies such as India and China,
which are major global markets for automobile
production. Global OEMs are investing in these
countries, given the new market opportunities
arising from growing economies, rising vehicle
production levels as well as globally competitive
automotive manufacturing hub. This is expected
to have positive impact on the demand for axles
and propeller shafts which would provide
significant boost to large number of local and
international component suppliers present in the
region. Major suppliers such as Showa
Corporation (Japan) and globally established
players such as ZF Friedrichshafen AG (Germany)
have a strong presence in this region.
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Market Ecosystem
The automotive axle and propeller shaft ecosystem
consists of axle and propeller shaft
manufacturers such as ZF AG (Germany) and GKN
Plc. (U.K.), which are the major players in this
industry as well as raw material suppliers that
include steel and carbon materials. Tier 1
companies directly supply axle and propeller
shaft to automotive OEMs, which are also their
primary customers.
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Browse gtgt

• 88 market data tables
• 60 figures
• 157 pages and in-depth TOC "Automotive Axle
  Propeller Shaft Market by Position (Front, Rear,
  and Inter-Axle Propeller Shaft), Axle Type
  (Live, Dead, and Tandem Axle), Propeller Shaft
  Type (Single, and Multi Piece), Material (Alloy,
  and Carbon Fiber) - Global Forecast to 2021
• Early buyers will receive 10 customization on
  this report.

This study answers several questions for the
stakeholders, primarily which market segments to
focus on in the next two to five years to
prioritize efforts and investments.
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