Propeller Shafts Industry: Key Trends, Challenges and Standardization 2022

Market Overview

Increasing operational performance, improving drivability and ensuring safe transport of cargo and passengers is the one of the top priority of automobile manufacturers. With increasing acceptance   of hybrid and electric vehicles and integration of smart and connected technologies, manufacturers are concentrating on improving power and drivetrain systems encompassing components such as clutch, transmission, Propeller Shaft. A propeller shaft serves the purpose of transmitting torque and rotation along with other drive train components.

Market Outlook:

Escalating vehicle production to meet the everyday increasing demand of thriving global population is one of the pivotal factors influencing revenue sales of automotive propeller shaft market. In addition, the growth of automotive Propeller Shaft Market is further propelled by the thriving aftermarket demand for propeller and axles in emerging economies. However, increased component cost and additional vehicle weight are the two factors that can act as a challenge to the automotive propeller shaft market. With vehicle weight pivotally influencing vehicle performance, the adoption of light weight propeller shaft is gaining traction. With increasing adoption of electric vehicles, critical focus over power train and axle system is expected to bring significant changes in terms of component and system design and material utilization in automotive propeller shaft market during the forecast years.

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Key Players:

Global Propeller Shafts market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

  • GKN
  • NTN
  • Dana
  • Nexteer
  • Hyundai-Wia
  • IFA Rotorion
  • AAM

Study Objective of Propeller Shafts Market

  • To analyze the global Propeller Shafts market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
  • To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the global Propeller Shafts market
  • To provide insights about factors affecting the market growth
  • To provide country level analysis of the market with respect to the current market size and future prospective
  • To provide country level analysis of the market for segment by Material, Type, Function, Application and Region.
  • To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Propeller Shafts market

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Market Segments:

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

  • Single Piece
  • Two Piece
  • Three Piece

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

  • Passenger Vehicle
  • Commercial Vehicle

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Propeller Shafts in these regions, from 2012 to 2022 (forecast), covering

  • United States
  • EU
  • China
  • Japan
  • South Korea
  • India

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