1. No category

Automotive Propeller Shaft Market size and Key Trends
in terms of volume and value 2017-2027
April 2017
Report Id : REP-GB-3497
Status : Ongoing
Category : Automotive & Transportation
©2015 Future Market Insights, All Rights Reserved
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Automotive Propeller Shaft Market
Automotive propeller shaft is one of the most crucial components in the automotive drivetrain system, as
the component is responsible for transmitting engine torque to the automotive wheels, which finally
turns into motion of the vehicle. Propeller shaft is a key component deciding the performance of the
vehicle, thus design and development of automotive propeller shaft must be done with high precision.
Due to this factor, which is further supplemented by the existing regulatory atmosphere in automotive
industry focused on lightweight and increased fuel efficiency, propeller shaft manufacturers invest heavily
in research and development for innovating new products. The global automotive propeller shaft market
is expected to witness healthy upsurge in sales, owing to robustly growing demand for new vehicles. Light
weighting of propeller shaft is presently the prime focus of propeller shaft manufacturers, the lightweight
shafts will not only improve fuel efficiency but also enhance driving experience, this trend has brought
hollow shafts into limelight and significant growth is expected in hollow shafts segment. The
manufacturers are focusing on introducing new and advanced materials, which could significantly reduce
weight of the shafts.
Global Automotive Propeller Shaft Market: Market Dynamics
Increasing demand for automotive, particularly passenger cars, which in turn leads to increased vehicle
production, is one of the major motive forces driving the growth of automotive propeller shafts market.
High value growth in vehicle sales is witnessed in developing nations such as India where the national
economy has been growing robustly over years. Further, existing regulatory environment to mitigate
concerns such as carbon emissions is motivating manufacturers to invest in research and development,
which again drives the market growth. However, on the other side, increasing cost of raw materials and
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Automotive Propeller Shaft Market
economic uncertainties existing in some of the major regions could hamper growth of the global
automotive propeller shaft market.
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Global Automotive Propeller Shaft Market: Segmentation
The global automotive propeller shaft market can be segmented based on product type, material type,
shaft position, category, vehicle type and sales channel.
By product type, the global automotive propeller shaft market can be classified into:
 Single Piece
 Multi-Piece
 Collapsible shafts
By shaft position, the global automotive propeller shaft market can be classified into:
 Front
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Automotive Propeller Shaft Market
 Interaxle
 Rear
By category, the global automotive propeller shaft market can be classified into:
 Rigid
 Hollow
By material type, the global automotive propeller shaft market can be classified into:
 Steel
 Aluminium
 Carbon Fibre
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Automotive Propeller Shaft Market
By vehicle type, the global automotive propeller shaft market can be classified into:
 Passenger Cars

Economic cars

Mid-range

Premium & Luxury
 Light commercial vehicles
 Heavy commercial vehicles

Heavy Trucks

Buses & Coaches
By sales channel, the global automotive propeller shaft market can be classified into:
 OEM
 Aftermarket
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Automotive Propeller Shaft Market
Global Automotive Propeller Shaft Market: Region-wise Outlook
Asia pacific dominates the global automotive production and sales, thus the region is expected to remain
as the major market in terms of demand for automotive propeller shaft both from OEMs and aftermarket
replacement demands. India, China, Japan, South Korea and ASEAN countries are expected to be the key
drivers for the growth in the market. The market in the region is expected to witness entry of new market
participants to gratify the domestic demands. In the latter half of the forecast period, manufacturers will
be keener towards new product development and establishing strategic collaborations and partnerships
with leading technology providers. Europe, being a home for leading automotive technology providers, is
expected to be the next big market and maintain its position as innovator for propeller shaft technology.
North America is projected to remain as the next major market followed by Europe, and the U.S. is the
major contributor to the growth in the region. Latin America automotive propeller shaft market is
expected to witness fast growth, as major auto OEMs have shifted their production into growing markets
of Latin America.
Global Automotive Propeller Shaft Market: Market Participants
Examples of some of the market participants identified in the global automotive propeller shaft market
are:
 American Axle & Manufacturing Holdings, Inc.
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Automotive Propeller Shaft Market
 Dana Holding Corporation
 GKN PLC
 ZF Friedrichshafen AG
 Meritor, Inc.
 SHOWA Corporation
 Hitachi Automotive Systems America, Inc.
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