Automotive Propeller Shaft Market Information By Position (Front, Rear, and Inter-Axle Propeller Shaft), By Type (Live, Dead, and Tandem Axle), By Propeller Shaft Type (Single, Multi Piece, and Other), By Material (Alloy, and Carbon Fiber), and By region. The key players in automotive propeller shaft market are ZF Friedrichshafen AG (Germany), American Axle & Manufacturing, Inc. (U.S.), Meritor, Inc. (U.S.), Showa Corporation (Japan), GKN plc (U.K.), Wilson drive shafts (England), Nexteer Automotive (U.S.), JTEKT Corporation (Japan), Gestamp (Spain), Dana Holding Corporation (U.S.), D & F Propshafts (U.K.), Bailey Morris limited (England), B & F limited (U.K.), American Axle & Manufacturing Holdings, Inc. (U.S.), and Hyundai Wia Corporation (South Korea).
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The factors that are responsible for the growth of automotive propeller shaft market are technology innovation in the materials, growth in the automotive industry, and increase in the sales of the new vehicle. The innovation in technology in the automotive propeller shafts, is expected to drive the market in future. Innovation such as light weight propeller shaft, have emerged in order to reduce the overall weight of the vehicle. The increase in sales of new vehicle will result in growing use of propeller shaft in the vehicle in order to drive the vehicle. It is an important component of the vehicle because it provide torque and allows the movement of the vehicle.
Industry/ Innovation/ Related News:
March, 2018 – Hyundai Motors (India) sold approximately more than 5, 30,000 vehicles in Financial Year 2017-18 as against 5, 10,000 units in 2016-17 clearly highlighting a growth of upward of 5 per cent. In the month of March 2018, Hyundai Motors registered domestic level sales of close to 48,000 units and approximate exports of 12,500 units with the total sales thus touching close to 60,000 units.
March, 2018 – At the North American International Auto Show (NAIAS) in Detroit, Nexteer Automotive launched and demonstrated an advanced steering technology which was futuristic in many ways. Using this technology, the company plans to venture into the evolving and ever growing field of autonomous and semi-autonomous automobiles. This technology is currently under development phase and iterations are bound to happen. Still, the company is hopeful that the technology will solve the problem of steering through cramped spaces, narrow corners and extreme traffic conditions at any given time.
Automotive Propeller Shaft Market Segmentation:
The Global Automotive Propeller Shaft Market is segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Position: Comprises of Front, Rear, and Inter-Axle Propeller Shaft.
- Segmentation by Type: Comprises of Live, Dead, and Tandem Axle.
- Segmentation by Propeller Shaft Type: Comprises of Single & Multi Piece
- Segmentation by Material: Comprises of Alloy and Carbon Fibre.
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Automotive Propeller Shaft Market: Regional Analysis
The automotive propeller shaft market is seeing an explosive growth across all countries. The Asia Pacific region is witnessing huge exponential growth in the automotive market for the last couple of decades. Rise in the per capita income of the average citizen, more purchasing power and cheap labour are some of the attributes of this market. India and China – the two main countries driving the economic growth of this region are considered to be the next automotive headquarter of the world in terms of the number of vehicles produced, exported and purchased per unit time. The Europe region for the longest time has been the hub for innovation and path breaking technologies in the automotive industry. Luxury, high performance automobiles are the usual norm in this market. The North America region on the other hand, is one of the oldest automotive markets in the world. The excellent logistical and infrastructural facilities in this region coupled with the people’s preference for purchasing high powered big personal automobiles makes the sales of vehicles in this region, an ever increasing phenomenon. All these regions sufficiently prove that globally, the sales of automobiles are surely on a rise and the growth per year in these sales would not start decreasing anytime sooner. Thus, the sales of the most crucial component which provides drive from the engine to the wheels i.e. the automotive propeller shaft system will continue to increase.
Target Audience of Report:
This report mainly focuses on Automotive Propeller Shaft market Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Propeller Shaft market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Automotive Propeller Shaft market studied.
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Automotive Propeller Shaft Market
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