Automotive Axle & Propeller Shaft Market Growth, Demand and Challenges of the Key Industry Players 2024-32

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Global Automotive Axle Propeller Shaft Market
Research and Forecast Report 2024-2032

• Format PDFEXCEL

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Report Highlight and Description

• According to the latest report by IMARC Group,
  titled "Automotive Axle Propeller Shaft Market
  Global Industry Trends, Share, Size, Growth,
  Opportunity and Forecast 2024-2032," the global
  automotive axle propeller shaft market size
  reached US 80.5 Billion in 2023.
• The automotive axle and propeller shaft are
  important components that are installed in a
  vehicles drivetrain system. They are
  manufactured using various high-strength
  materials, such as stainless steel, aluminum,
  carbon fiber, and composite materials, including
  Kevlar epoxy, fiberglass, and e-glass polyester.
  They are widely used to transfer and distribute
  engine power from the transmission system to the
  wheels.
• The automotive axle and propeller shaft are
  designed to support the vehicles weight, handle
  off-roading stress, absorb shocks, and withstand
  high torque and rotation speed levels. They also
  provide better vehicle handling and control,
  enhance performance, improve stability, increase
  fuel efficiency, and promote smoother rides.
• Request for a PDF sample of this report
  https//www.imarcgroup.com/automotive-axle-propell
  er-shaft-market/requestsample

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Report Description

• Global Automotive Axle Propeller Shaft Market
  Trends
• The significant growth in the automotive industry
  is one of the primary factors creating a positive
  outlook for the market. Automotive axle and
  propeller shaft are essential components used for
  power transmission, differential function, shock
  absorption, and improving the handling and
  performance of the vehicles. Along with this, the
  increasing product applications in hybrid and
  electric vehicles (EVs) for regenerative braking,
  handling high torque output of the electric
  motor, and transferring power to the wheels are
  acting as another growth-inducing factor.
  Furthermore, the widespread product utilization
  in commercial vehicles to support heavy loads,
  handle rough terrain, and provide maximum
  transfer of power for towing and hauling
  applications is positively influencing the market
  growth. Additionally, the recent development of
  the carbon fiber propeller shaft, which is
  lightweight and offers high strength, improved
  performance, better handling, and lower fuel
  consumption, is providing an impetus to the
  market growth. Besides this, the introduction of
  three-dimensional (3D) printing technology to
  produce complex axle and propeller shaft parts,
  which, in turn, improves production rate,
  increases efficiency, enhances product quality,
  and reduces waste generation, is providing a
  thrust to the market growth. Moreover, the
  implementation of various government initiatives
  to reduce automotive emission levels and increase
  fuel efficiency is favoring the market growth.
  Other factors, including increasing adoption of
  fuel-efficient vehicles, extensive research and
  development (RD) activities, and the growing
  demand for all-wheel drive (AWD) cars, are
  anticipated to drive the market growth.
• Looking forward, the market is expected to reach
  US 154.6 Billion by 2032, exhibiting a CAGR of
  7.4 during 2024-2032.
• View Report TOC, Figures and Tables
  https//www.imarcgroup.com/automotive-axle-propell
  er-shaft-market

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Report Segmentation

• Breakup by Type
• Live Axle
• Dead Axle
• Tandem Axle
• Single Piece Propeller Shaft
• Multi Piece Propeller Shaft
• Slip in Tube Propeller Shaft
• Breakup by Vehicle Type
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

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Report Segmentation

• Breakup by Sales Channel
• Original Equipment Manufacturer
• Aftermarket
• Breakup by Region
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

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Competitive Landscape with Key Players

• American Axle Manufacturing Inc.
• Automotive Axles Limited
• Dana Incorporated
• Hyundai WIA Corporation
• IFA Group
• JTEKT Corporation
• Mark Williams Enterprises Inc.
• Melrose Industries PLC
• Meritor Inc. (Cummins Inc.)
• ZF Friedrichshafen AG.

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Key Questions Answered in the Report
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Table of Contents

• 1    Preface2    Scope and Methodology    2.1  
   Objectives of the Study    2.2  
   Stakeholders    2.3    Data Sources       
  2.3.1    Primary Sources        2.3.2  
   Secondary Sources    2.4    Market Estimation 
        2.4.1    Bottom-Up Approach        2.4.2  
   Top-Down Approach    2.5    Forecasting
  Methodology3    Executive Summary4  
   Introduction    4.1    Overview    4.2    Key
  Industry Trends5    Global Automotive Axle
  Propeller Shaft Market    5.1    Market
  Overview    5.2    Market Performance    5.3  
   Impact of COVID-19  5.4    Market Forecast
• 6     Market Breakup by Type    6.1    Live
  Axle        6.1.1 Market Trends        6.1.2
  Market Forecast    6.2    Dead Axle       
  6.2.1 Market Trends        6.2.2 Market
  Forecast    6.3    Tandem Axle        6.3.1
  Market Trends        6.3.2 Market Forecast   
     

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Table of Contents

•     6.4    Single Piece Propeller Shaft       
  6.4.1 Market Trends        6.4.2 Market
  Forecast    6.5    Multi Piece Propeller Shaft 
        6.5.1 Market Trends        6.5.2 Market
  Forecast    6.6    Slip in Tube Propeller
  Shaft        6.6.1 Market Trends        6.6.2
  Market Forecast7    Market Breakup by Vehicle
  Type    7.1    Passenger Car        7.1.1
  Market Trends        7.1.2 Market Forecast   
  7.2    Light Commercial Vehicle        7.2.1
  Market Trends        7.2.2 Market Forecast   
  7.3    Heavy Commercial Vehicle        7.3.1
  Market Trends        7.3.2 Market Forecast8  
   Market Breakup by Sales Channel    8.1  
   Original Equipment Manufacturer        8.1.1
  Market Trends        8.1.2 Market Forecast   
  8.2    Aftermarket        8.2.1 Market Trends 
        8.2.2 Market Forecast9    Market Breakup
  by Region    9.1    North America        9.1.1
  United States           9.1.1.1 Market Trends 
           9.1.1.2 Market Forecast
• For more information, visit https//www.imarcgrou
  p.com/automotive-axle-propeller-shaft-market/toc

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