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Automotive Axle & Propeller Shaft Market by Position, Axle Type, Propeller Shaft Type, Material - Global Forecast to 2021

Automotive Axle & Propeller Shaft Market: Global Forecast until 2021

  • March 2017
  • 158 pages
  • ID: 4764444
In this report:
The front propeller shaft market is expected to grow at a CAGR of ##.##% from ##,##.## thousand units in 2016 to ##,##.## thousand units by 2021.
The rear axle market size in terms of volume is expected to grow at a CAGR of ##.##% from ##,##.## thousand units in 2016 to ##,##.## thousand units in 2021.

Summary

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"Growing adoption of AWD vehicles as well as advancement in engineering to embellish vehicle performance to drive the industry demand for axle and propeller shaft"

The overall axle and propeller shaft sales is forecasted to grow at a compound annual growth rate (CAGR) of ~8.2 percent, to attain ~$58.1B during 2016-2021 period. Increasing adoption of AWD vehicles, increase in vehicle production as well as advancement in engineering to improve vehicle performance and fuel efficiency are projected to drive the industry. Nevertheless, fluctuating raw material prices and pricing pressure from automotive OEM's are anticipated to be main challenges for axle and propeller shaft manufacturers.

Carbon fiber propeller shaft is the fastest-growing segment

Carbon fiber composites are being used in automotive components according 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 anticipated to decline with mass adoption and enhanced manufacturing process, which is expected to make carbon fiber propeller shaft more competitive in the marketplace. These factors would make the carbon fiber propeller shaft segment to be one of the quickest increasing sectors.

Asia Pacific (APAC) controls the axle and propeller shaft market in terms of sales

Oceania/Asia is forecasted to be the biggest market for axles and propeller shafts, and is expected to grow at the maximal rate from 2016-2021 period. In recent years, the territory has emerged as a hub for automobile production. Infrastructural developments and industrialization activities in emerging economies have opened new avenues, creating different opportunities for Original equipment manufacturers together with automotive component suppliers.

The market research includes business insights specified by different market experts, ranging from online retailers to Tier-1 firms and Original equipment manufacturers. The break-up of the primaries is like:

- By Company Type: Tier I - 59.0 percent, Tier II - 26.0 percent and Tier III - 15.0 percent,

- By Designation: C Level - 26.0 percent, D Level - 38.0 percent and Others - 36.0 percent

- By area: North america (NA) - 21.0 percent, Europe - 38.0 percent, Asia-Pacific - 31.0 percent, and rest of the world - 10.0 percent

Segment Research

The industry report offers a picture of overall automotive axle and propeller shaft market together with the market details for different types and materials with respect to various regions and territories. It aims at evaluating the size and upcoming growth potential of this market across distinct segments including the axle market established on category (live, dead, & tandem), position, and propeller shaft market established on category, position, material, together with area. Moreover, the study also include a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global axle and propeller shaft market and their subsegments. This industry report will facilitate partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The market research also benefits partners comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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