Global Automotive Propeller Shaft Market Synopsis:

The 90 pages report covers Deep analysis about market status, enterprise competition pattern, advantages and disadvantages of enterprise products, industry development trends (2019-2023), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analysed scientifically, the feature of product circulation and sales channel will be presented as well. Analysts believe that in the next few years, Automotive Propeller Shaft market size will be further expanded. Also the Automotive Propeller Shaft Market report achieves great market size due to forecast year 2019-2023.

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Automotive propeller shafts are the ingredients in creating momentum in vehicles by transferring torque from differential to wheels and engine to differential severally.Growing operational performance, improving drivability and ensuring safe transport of cargo and passengers is the one of the top priority of automobile manufacturers. With increasing acceptance of hybrid and electric vehicles and integration of smart and connected technologies, manufacturers are concentrating on improving power and drivetrain systems encompassing components such as clutch, transmission, propeller shaft and rear axle. A propeller shaft serves the purpose of transmitting torque and rotation along with other drive train components.

The detailed segments and sub-segment of the Automotive Propeller Shaft Market are given below:

1) Product Type Segmentation:

Single Propeller Shaft

Single piece propeller shaft is lead to automotive market during projected year

The single piece is projected to be the biggest market for automotive propeller shaft market during the forecast period. The single piece propeller shaft is usually preferred in light-duty vehicles owing to the lesser distance between the engine and the rear axle along with benefits such as minimal frictional as well as mechanical losses. Also, these single piece shafts are lighter in weight than multi-piece, which offers efficient performance at a higher speed. Due to these factors, the single piece propeller shaft holds the largest share during the forecast period.

Multi Piece Propeller Shaft

2) Application Segmentation

Car

Truck

3) Region Segmentation (North America Country, South America, Asia Country, Europe Country, Other Country)

Regional Analysis: Europe is expected to lead for the second biggest market during the forecast period

Europe is projected to be the second biggest and established market for axles and propeller shafts and is expected to witness stable growth in the coming years. A major growth driver is expected to be stringent fuel-economy norms which would encourage research activities to develop lightweight solutions for vehicles. The rising production level in Germany, the UK, and France, along with the rise in premium vehicle sales, are estimated to drive the demand for axles and propeller shafts. Rising preference for comfort while driving by end-users would also positively impact the demand for a better quality of axles and propellers. Also, ZF Friedrichshafen AG (Germany), Dana Incorporated (US), GKN PLC (UK), IFA Rotorion (Germany), and Gestamp (Spain) are the key suppliers in the European market which are continually making R&D efforts to further extend the growth of automotive axle and propeller shaft market in Europe.

Top Leading player in Global Automotive Propeller Shaft Market:

Meritor,ZF Friedrichshafen AG,American Axle & Manufacturing Holdings,Dana Incorporated,GKN PLC, Showa Corporation, Hyundai Wia Corporation, Gestamp,JTEKT Corporation, IFA Rotorion-Holding GmbH,RSB Global

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Latest Industry news:

Meritor: May 2019,

Meritor announced plans to acquire AxleTech for approximately USD 175 million. The addition of AxleTech will enhance Meritor’s growth platform, bringing a highly complementary global product portfolio across the off-highway, defense, specialty, and aftermarket segments. AxleTech’s offerings include a full product line of independent suspensions, axles, braking solutions, and drivetrain components. These capabilities will enable Meritor to offer global customers a more comprehensive array of differentiated products and solutions while further diversifying the company’s portfolio.

Significant points in table of contents:

1 Automotive Propeller Shaft Product Definition

2 Global Automotive Propeller Shaft Market Manufacturer Share and Market Overview

3 Manufacturers Automotive Propeller Shaft Business Introduction

4 Global Automotive Propeller Shaft Market Segmentation (Region Level)

5 Global Automotive Propeller Shaft Market Segmentation (Product Type Level)

6 Global Automotive Propeller Shaft Market Segmentation (Industry Level)

7 Global Automotive Propeller Shaft Market Segmentation (Channel Level)

8 Automotive Propeller Shaft Market Forecast 2019-2023

9 Automotive Propeller Shaft Segmentation Product Type

10 Automotive Propeller Shaft Segmentation Industry

11 Automotive Propeller Shaft Cost of Production Analysis

12 Conclusion

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