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Global Automotive Axle and Propeller Shaft Market Share: By Type: Axle, Propeller Shaft; By Axle Position: Front, Rear; By Vehicle Type: Two-Wheeler, Passenger Cars, Commercial Vehicle; By Material: Alloy, Carbon Fibre; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Automotive Axle and Propeller Shaft Market Regional Analysis
In terms of geography, Asia Pacific dominates the global automotive axle and propeller shaft market share and is projected to maintain the lead in the foreseeable future. This growth is propelled by heightened automobile production in countries like China and India, driving demand for propeller shafts and automotive axles.
The European market is projected to grow at a steady pace during the forecast period due to rising demand for Electric Vehicles. According to the European Environment Agency, in 2022, approximately 56,500 electric vans were purchased in the EU-27, accounting for 5.5% of the market share.
In North America, Latin America, the Middle East, and Africa, the market is expanding due to increasing vehicle sales, the popularity of automatic cars, and technological advancements in the field.
Automotive Axle and Propeller Shaft Market Report Snapshots
Automotive Axle and Propeller Shaft Market Size
Automotive Axle and Propeller Shaft Market Growth
Automotive Axle and Propeller Shaft Market Trends
Automotive Axle and Propeller Shaft Market Share
Automotive Axle and Propeller Shaft Companies
Automotive Axle and Propeller Shaft Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Axle and Propeller Shaft Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Axle and Propeller Shaft Historical Market (2018-2023)
8.3 Global Automotive Axle and Propeller Shaft Market Forecast (2024-2032)
8.4 Global Automotive Axle and Propeller Shaft Market by Type
8.4.1 Axle
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Live
8.4.1.3.2 Dead
8.4.1.3.3 Tandem
8.4.2 Propeller Shaft
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Single Piece
8.4.2.3.2 Multi Piece
8.4.2.3.3 Slip-in Tube
8.5 Global Automotive Axle and Propeller Shaft Market by Axle Position
8.5.1 Front
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Rear
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Automotive Axle and Propeller Shaft Market by Vehicle Type
8.6.1 Two-Wheeler
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Passenger Cars
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Commercial Vehicle
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Automotive Axle and Propeller Shaft Market by Material
8.7.1 Alloy
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Carbon Fibre
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Automotive Axle and Propeller Shaft Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Automotive Axle and Propeller Shaft Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Axle and Propeller Shaft Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Axle and Propeller Shaft Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Axle and Propeller Shaft Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Axle and Propeller Shaft Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code- 870850)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Dana Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 American Axle & Manufacturing Holdings, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Hitachi Astemo, Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Hyundai Wia
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 GKN Automotive Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 JTEKT Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Automotive Axles Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 GNA Axles Limited
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 SAF-HOLLAND SE
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Northern Industrial Manufacturing
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Axle and Propeller Shaft Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Axle Position (USD Billion), 2018-2023
5. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Axle Position (USD Billion), 2024-2032
6. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Material (USD Billion), 2018-2023
9. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Material (USD Billion), 2024-2032
10. Global Automotive Axle and Propeller Shaft Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Automotive Axle and Propeller Shaft Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Automotive Axle and Propeller Shaft Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Automotive Axle and Propeller Shaft Market Forecast: Breakup by Country (US Billion), 2024-2032
22. Global Automotive Axle and Propeller Shaft Market Structure
Key Questions Answered in the Report
The global automotive axle and propeller shaft market reached a value of USD 35.50 billion in 2023.
The market is projected to grow at a CAGR of 2.9% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 45.85 billion in 2032.
The axle and propeller shaft market is growing with increasing demand for e-vehicles, all-wheel drive vehicles, automatic vehicles, and technological advancements.
Based on the axle position, the axle and propeller shaft market is bifurcated into front and rear.
Key players in the industry are Dana Limited, American Axle & Manufacturing Holdings, Inc., Hyundai Wia, GKN Automotive Limited, JTEKT Corporation, Automotive Axles Limited, GNA Axles Limited, SAF-HOLLAND SE, and Northern Industrial Manufacturing, among others.
Based on vehicle type, the axle and propeller shaft market is divided into two-wheelers, passenger cars, and commercial vehicles.
The different material types in the axle and propeller shaft market include alloy and carbon fibres.
The market breakup by region North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
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