+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Automotive Axle & Propeller Shaft Market Report by Type, Vehicle Type, Sales Channel, and Region 2024-2032

  • PDF Icon

    Report

  • 135 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5732500
The global automotive axle & propeller shaft market size reached US$ 80.5 Billion in 2023. Looking forward, the market is projected to reach US$ 154.6 Billion by 2032, exhibiting a growth rate (CAGR) of 7.52% during 2023-2032.

Automotive axles and propeller shafts are essential components that generate momentum in vehicles. They are manufactured of medium-carbon steel, glass fibers, thermoplastic polyamide, epoxy composite, chrome-molybdenum steel and carbon fibers. Live, tandem and dead are some common axles that hold the entire weight of the vehicle and provide torque from differential to wheels.

On the other hand, propeller shafts, such as multi-piece, slip-in tube and single-piece shaft, transmit torque and rotation from an engine to the wheels of the automobile. Automotive axles and propeller shafts exhibit various properties, including high specific strength, transmission of power at different elevation levels, and corrosion and abrasion resistance. These components improve handling, safety, efficiency, and provide higher clearance and a smoother ride.

Automotive Axle & Propeller Shaft Market Trends

Significant expansion in the automotive sector, along with the risings sales of automobiles due to rapid urbanization and industrialization, particularly in emerging economies, is primarily driving the market growth. Automotive axles and propeller shafts are widely incorporated in vehicles to rotate the wheels, transmit torque and provide momentum, which, in turn, is propelling the market growth. Additionally, the widespread adoption of carbon fiber shafts in premium vehicles due to their structural advantages, including durability, toughness, and higher strength, is favoring the market growth.

Moreover, various technological advancements, such as the integration of machine learning (ML) and artificial intelligence (AI) in manufacturing automotive axles and propeller shafts to enhance efficiency, accuracy and consistency, are providing an impetus to the market growth. In line with this, the widespread adoption of lightweight axles and propeller shafts for providing greater potential and increasing vehicle efficiency is positively impacting the market growth. Other factors, including the rising adoption of fuel-efficient vehicles and increasing demand for all-wheel drive (AWD) vehicles, are anticipated to drive the market further toward growth.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global automotive axle & propeller shaft market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, vehicle type, and sales channel.

Breakup by Type:

  • Live Axle
  • Dead Axle
  • Tandem Axle
  • Single Piece Propeller Shaft
  • Multi Piece Propeller Shaft
  • Slip in Tube Propeller Shaft

Breakup by Vehicle Type:

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Breakup by Sales Channel:

  • Original Equipment Manufacturer
  • Aftermarket

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being American Axle & Manufacturing Inc., Automotive Axles Limited, Dana Incorporated, Hyundai WIA Corporation, IFA Group, JTEKT Corporation, Mark Williams Enterprises Inc., Melrose Industries PLC, Meritor Inc. (Cummins Inc.) and ZF Friedrichshafen AG.

Key Questions Answered in This Report

1. What was the size of the global automotive axle & propeller shaft market in 2023?
2. What is the expected growth rate of the global automotive axle & propeller shaft market during 2024-2032?
3. What are the key factors driving the global automotive axle & propeller shaft market?
4. What has been the impact of COVID-19 on the global automotive axle & propeller shaft market?
5. What is the breakup of the global automotive axle & propeller shaft market based on the type?
6. What is the breakup of the global automotive axle & propeller shaft market based on the vehicle type?
7. What are the key regions in the global automotive axle & propeller shaft market?
8. Who are the key players/companies in the global automotive axle & propeller shaft market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Axle & Propeller Shaft Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Live Axle
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Dead Axle
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Tandem Axle
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Single Piece Propeller Shaft
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Multi Piece Propeller Shaft
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Slip in Tube Propeller Shaft
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Vehicle Type
7.1 Passenger Car
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Light Commercial Vehicle
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Heavy Commercial Vehicle
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Sales Channel
8.1 Original Equipment Manufacturer
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aftermarket
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 American Axle & Manufacturing Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Automotive Axles Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Dana Incorporated
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Hyundai WIA Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 IFA Group
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 JTEKT Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Mark Williams Enterprises Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Melrose Industries PLC
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Meritor Inc. (Cummins Inc.)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 ZF Friedrichshafen AG
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 SWOT Analysis
List of Figures
Figure 1: Global: Automotive Axle & Propeller Shaft Market: Major Drivers and Challenges
Figure 2: Global: Automotive Axle & Propeller Shaft Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Automotive Axle & Propeller Shaft Market: Breakup by Type (in %), 2023
Figure 5: Global: Automotive Axle & Propeller Shaft Market: Breakup by Vehicle Type (in %), 2023
Figure 6: Global: Automotive Axle & Propeller Shaft Market: Breakup by Sales Channel (in %), 2023
Figure 7: Global: Automotive Axle & Propeller Shaft Market: Breakup by Region (in %), 2023
Figure 8: Global: Automotive Axle & Propeller Shaft (Live Axle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Automotive Axle & Propeller Shaft (Live Axle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Automotive Axle & Propeller Shaft (Dead Axle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Automotive Axle & Propeller Shaft (Dead Axle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Automotive Axle & Propeller Shaft (Tandem Axle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Automotive Axle & Propeller Shaft (Tandem Axle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Automotive Axle & Propeller Shaft (Single Piece Propeller Shaft) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Automotive Axle & Propeller Shaft (Single Piece Propeller Shaft) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Automotive Axle & Propeller Shaft (Multi Piece Propeller Shaft) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Automotive Axle & Propeller Shaft (Multi Piece Propeller Shaft) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Automotive Axle & Propeller Shaft (Slip in Tube Propeller Shaft) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Automotive Axle & Propeller Shaft (Slip in Tube Propeller Shaft) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Automotive Axle & Propeller Shaft (Passenger Car) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Automotive Axle & Propeller Shaft (Passenger Car) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Automotive Axle & Propeller Shaft (Light Commercial Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Automotive Axle & Propeller Shaft (Light Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Automotive Axle & Propeller Shaft (Heavy Commercial Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Automotive Axle & Propeller Shaft (Heavy Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Automotive Axle & Propeller Shaft (Original Equipment Manufacturer) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Automotive Axle & Propeller Shaft (Original Equipment Manufacturer) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Automotive Axle & Propeller Shaft (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Automotive Axle & Propeller Shaft (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: North America: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: North America: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: United States: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: United States: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Canada: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Canada: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Asia-Pacific: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Asia-Pacific: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: China: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: China: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Japan: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Japan: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: India: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: India: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: South Korea: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: South Korea: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Australia: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Australia: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Indonesia: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Indonesia: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Others: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Others: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Europe: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Europe: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Germany: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Germany: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: France: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: France: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: United Kingdom: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: United Kingdom: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Italy: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Italy: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Spain: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Spain: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Russia: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Russia: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Latin America: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Latin America: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Brazil: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Brazil: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Mexico: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Mexico: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Others: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Others: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Middle East and Africa: Automotive Axle & Propeller Shaft Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Middle East and Africa: Automotive Axle & Propeller Shaft Market: Breakup by Country (in %), 2023
Figure 78: Middle East and Africa: Automotive Axle & Propeller Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Global: Automotive Axle & Propeller Shaft Industry: SWOT Analysis
Figure 80: Global: Automotive Axle & Propeller Shaft Industry: Value Chain Analysis
Figure 81: Global: Automotive Axle & Propeller Shaft Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Automotive Axle & Propeller Shaft Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Automotive Axle & Propeller Shaft Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Automotive Axle & Propeller Shaft Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 4: Global: Automotive Axle & Propeller Shaft Market Forecast: Breakup by Sales Channel (in Million US$), 2024-2032
Table 5: Global: Automotive Axle & Propeller Shaft Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Automotive Axle & Propeller Shaft Market: Competitive Structure
Table 7: Global: Automotive Axle & Propeller Shaft Market: Key Players

Companies Mentioned

  • American Axle & Manufacturing Inc.
  • Automotive Axles Limited
  • Dana Incorporated
  • Hyundai WIA Corporation
  • IFA Group
  • JTEKT Corporation
  • Mark Williams Enterprises Inc.
  • Melrose Industries PLC
  • Meritor Inc. (Cummins Inc.)
  • ZF Friedrichshafen AG.

Methodology

Loading
LOADING...

Table Information