Global Automotive Axle & Propeller Shaft Market is relied upon to collect $268 billion by 2022, enlisting a CAGR of 4.3% during the conjecture time frame. The axles bear the whole weight of the automotive, cargo and travelers and live axles play out the extra errand of giving the torque to the wheels. The capacity of a propeller shaft is transmitting torque and revolution alongside different parts of the drive train.
In the vehicle plan, the vehicle design delineates where on the engine vehicle the motor and drive wheels are found. A few different mixes of driven wheels and engine location are incorporated into practice, and the situation of each is dependent on the use of which the engine automobile will be used. Attributes controlling the arrangement alternative comprise of cost, multifaceted design, constancy, packaging, mass appropriation, and the engine automobile expected to deal with factors.
The worldwide vehicle axle & propeller shaft market is by, and large firmly determined by the increasing automobile production all around and developments in designing that are centered on supportability and eco-friendliness. The growth of this market is additionally invigorated by the flourishing aftermarket interest for vehicle axles and propellers in developing nations. Furthermore, a decrease of the general support of the automobile is another factor triggering the worldwide market demand. The interest for vehicle axles and propeller shafts is represented by an increment in production and deals of cars internationally and increment in client interest for calmer lodge & expanded solace in automobiles.
· Several hundred new railcars are being furnished with the inventive lightweight ZF gearbox: E-Rail SH 11 F-N. On account of its aluminum lodging, it is 15 percent lighter than the items which are as of now accessible on the North-American market. Volume manufacture of the item custom-fitted to satisfy the nearby prerequisites is done in the US.
· MarineShaft provides fix administrations for marine propeller shafts, including straightening. Even the most extreme twists can be set. Regularly similar straightness as another shaft can be accomplished and regardless of where on the planet the propeller/rudder harm happens, a fixing is frequently the most gainful arrangement.
Propeller shaft introduced by Jtekt corporation offers a three-partition structure, and slide type steady speed widespread joint are perceived to enhance serenity.
The Bosch eAxle is an across the board electrical powertrain. Its parts — electric engine, powerful hardware, and transmission — are joined in a single conservative framework. That lessens the number of components, spares space, and makes the powertrain unit less mind-boggling — all of which improves efficiency and cuts expense.
Drivers and Restraints of Automotive Axle and Propeller Shaft Market:
The rise in interest of eco-friendly automobile is likely to offer an opportunity for the major players in this market to offer reduced expense and lightweight items additionally maximizes fuel efficiency of motors. Furthermore, lessening in the maintenance price of the automobile is another variable that fuels the market. The increased need for axle & propeller shaft for vehicle market is managed by an increase in manufacture and deals of engine automobiles globally and increase in consumer interest for the calm log cabin and concentrating more on convenience.
Moreover, the volatile cost of raw material, for example, steel and alloy of carbon and aluminum utilized for the production of axles and propellers decline the market development.
Single-piece propeller shaft leads the automotive axle and propeller shaft market during the estimated time frame. The variables that fuel the development of this sector are price-effectiveness as well as its whole durability. The single-piece propeller shaft is utilized more than the multi-piece propeller shaft mainly due to its reduced weight with increased fuel efficiency. The single-piece propeller shaft becomes an ideal alternative for the less distance between the motor and the rear axle.
Live axle is anticipated to account the most significant share of the market during the foreseen period between 2020 and 2025. Live axle fuels the wheel attached to it alongside supporting the weight of the vehicle. Rising customer preference towards SUVs and RWD passenger vehicles as well as steady development in total automobile manufacture have boosted the growth of live axles’ market.
BY VEHICLE TYPE:
Axle and propeller shaft market for a passenger car is dominating among others automobile type and is estimated to maintain its dominance through the estimated time frame, 2020-2025. This is primarily because of the increment in the number of passenger automobiles in nations, for example, China, India, U.S., UK, and Japan.
Automotive Axle and Propeller Shaft Market Region wise analysis:
Marked Segmentation based on the region:
a. Middle East
The study projects Asia Pacific as the biggest customer for automotive axle & propeller shaft market during the estimated time frame. The area is the worldwide leader in automobile manufacture, with production development of about 26%–28% over the past five years for passenger vehicles and commercial automobiles. China has been the dominating vehicle market for automobile manufacture as well as sales in this locale. According to OICA, China, alongside Japan and India, accounted for almost 44% of the worldwide automobile production in 2018.
Key Players of Market:
Some of the key players operating in the global automotive axle & propeller shaft market are Meritor, Inc., ZF Friedrichshafen AG, IFA Rotorion - Holding GmbH, American Axle & Manufacturing Holdings, Inc., Gestamp, Dana Incorporated, GKN PLC, Jtekt Corporation, RSB Group, Showa Corporation and Hyundai Wia Corporation among others.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Axle and Propeller Shaft Market, By Type
6.1.1 Axle Type
6.1.2 Propeller Shaft Type
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Automotive Axle and Propeller Shaft Market, By Vehicle Type
6.2.1 Two Wheelers
6.2.2 Passenger Cars
6.2.3 Commercial Vehicles
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Vehicle Type
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By Type
7.3.3 By Vehicle Type
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Vehicle Type
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By Type
7.5.3 By Vehicle Type
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By Type
7.6.3 By Vehicle Type
8. Key Player Analysis
8.1 Meritor, Inc.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 ZF Friedrichshafen AG
8.3 IFA Rotorion - Holding GmbH
8.4 American Axle & Manufacturing Holdings, Inc.
8.6 Dana Incorporated
8.7 GKN PLC
8.8 Jtekt Corporation
8.9 RSB Group
8.10 Showa Corporation
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures