Global Automotive Propeller Shaft Market Highlights:
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 provides torque and allows the movement of the vehicle.
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Automotive Propeller Shaft Market Key Companies Studied in this report 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).
Many automotive manufacturers are investing heavily in the research and development so as to innovate their product line. The major focus of many manufacturers is to develop light weight shaft to reduce the overall weight of the vehicle, which will result in improved fuel efficiency. Thus the reduction in the overall weight of the vehicle will drive the market in future.
Market Segments Analysis:
The automotive propeller shaft market is segmented based on position, type, propeller shaft type, and material.
On the basis of position type, the market has been segmented as front, rear, and inter-axle propeller shaft. The front wheel propeller shaft is expected to dominate the automotive propeller shaft market during the forecast period because it is the most preferred over other types. This will improve the aerodynamics of the vehicle.
On the basis of type, the market has been segmented as live, dead, and tandem axle. The live axle segment is expected to dominate the market during the forecast period because it provides increased optimization of vehicle performance and higher torque.
On the basis of propeller shaft type, the market is segmented as single, multi piece, and other. Multi piece propeller shaft is expected to dominate the market during the forecast period as it improves efficiency of vehicles.
On the basis of region, the market has been segmented into the regions of North America, Asia Pacific, Europe, and Rest of the World.
Asia Pacific is expected to dominate the market during the forecast period due to an increase in the production of vehicles in emerging regions such as India, and China. The development in automotive industry have led to the emergence of new and high-tech automotive technology, which will attract the interest of the consumers. The increasing safety concerns among consumers drives them towards the safety and quality of automotive propeller shaft. The standard technology offered by the small automotive installation service provider, will be replaced by specialized automotive propeller shafts so as to meet the market expectation. This will create an opportunity for the specialized automotive market to meet the standard for the automotive propeller shaft.
Europe is expected to be the second largest market for automotive propeller shaft market due to stringent norms for fuel economy, which will increase the investment in the research and development. The rise in investment in research and development for developing light weight component, is expected to drive the growth of this region in future. In Europe, there has been an increase in the preference for comfort ride by the customers, which will increase the demand for high quality propellers. North America is expected to be the third largest market during the forecast period. North America is one of the major producers of automotive propeller shafts due to the big giants in the region. Moreover, the rising demand for passenger cars have increased the demand for automotive propeller shaft, which has augmented the North American market.
In North America, U.S. is expected to account for the largest market share during the forecast period. Owing to the presence of major automobile companies the demand for automotive propeller shaft has improved the market growth. U.S. is considered a mature economy but is still has a demand for passenger cars, LCV and HCV due to the rising immigrants. This will result in the growth of the market during the forecast period.
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The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
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