Global Vehicles Propeller Shaft Market by Type (Small Series, Medium Series, Heavy Duty Series), By Application (Automotive, Manufacturing, Machinery & Equipment, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Vehicles Propeller Shaft Market size is estimated to grow at a CAGR of 5.9% during the forecast period (2021-2028). The growth in this market can be attributed to the demand for vehicles propeller shafts from emerging economies such as China and India, coupled with an increase in investments in research & development activities by leading players across the globe.
Vehicles Propeller Shaft can be defined as the shaft that connects the engine with the wheels. It is an integral part of a motor vehicle's drivetrain, linking between the transmission (gearbox) and axle to provide rotational force from one end to another.
It helps in transmitting power produced by the engine or other driving source through gears located at either end for rotating one or more axles horizontally so as to propel it forwards on land, over water, across the ice, up steep inclines; this can be achieved using just about any combination of two powerful drivers: animals like horses and oxen when working alongside humans, sails powering windmill-driven grindstones grinding grain into flour where there was no animal help available or steam engines powered by coal providing a source of power.
On the basis of Types, the market is segmented into Small Series, Medium Series, and Heavy Duty Series. Large or heavy vehicles use these shafts for the transmission of power to axles.
Small Series:
Small Series Propeller shafts are small and lightweight with the diameter ranging between 12-16 inches. These types of propellers require a low bearing load capacity because they rotate at such high speeds. Small series prop shafts can be found in gasoline or diesel engines, water pumps, as well as other light-duty applications.
Medium Series:
The medium series is the second-largest subsection of the general category and it includes propeller shafts that are designed to perform well in a wide variety of applications. They have large power ratings, but they can also be used for smaller transmissions.
Heavy Duty Series:
Heavy Duty Series are propeller shafts that can withstand tough conditions like high speed and high torque. These shafts are often used in heavy-duty vehicles such as trucks, buses, or tractors with capacities of over 1500 kg payload capacity per axle load. They are the most used propeller shafts in the automotive industry. It is constructed with a heavy wall pipe, which makes it more durable and suitable to drive larger engines.
On the basis of Application, the market is segmented into Automotive, Manufacturing, Machinery & Equipment, and others.
Automotive:
Vehicles propeller shafts are used in many different vehicles. The most common type of vehicle is the automobile, and it usually has a front-wheel-drive layout with either an internal combustion engine or electric motor providing power to the wheels. Propellers are found on other types of vehicles including motorcycles, trucks, buses, trains, and more.
Manufacturing:
The vehicle's propeller shaft is used in manufacturing to power various machines like lathes, milling machines, and drill presses. The manufacture of vehicles requires a lot more work than the production of cars alone; it also includes producing other parts such as seats, door panels, and bumpers. Propeller shafts are connected to these machines through gears or pulleys that allow them to turn at the same speed giving smoother operation since they're not working against each other.
Machinery & Equipment:
The propeller shaft is used in various machinery and equipment as it can withstand axial loads, bending moments, thrust forces, or shear forces. The use of the vehicle propeller shaft helps to transfer power from one end to the other without any damage which may happen due to wear.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to witness significant growth over the next decade owing to increasing manufacturing activities and technological advancements.
The Asia Pacific market is anticipated to be one of the fastest-growing markets due to a rise in demand for automotive vehicles across emerging economies such as India, China, Indonesia, Thailand, etc.
Europe offers huge potential for future investments with its favorable economic conditions coupled with an upsurge in vehicle production. The Middle East & Africa region has low penetration levels but high potential owing to rapid industrialization and modernization initiatives undertaken by countries such as Saudi Arabia, Turkey, etc.
Growth Factors For The Global Vehicles Propeller Shaft Market:
The key driving factors for the growth of this market are the rising demand for vehicles with propeller shafts in the global automotive market. Moreover, increasing sales of automobiles are boosting the demand for manufacturers to use high-quality materials and components. In addition, technological advancements have enabled engineers to develop lighter-weight propelling shafts which is also contributing towards increased vehicle fuel efficiency.
Up Market Research published a new report titled “Vehicles Propeller Shaft Market research report which is segmented by Types (Small Series, Medium Series, Heavy Duty Series), By Applications (Automotive, Manufacturing, Machinery & Equipment, Other), By Players/Companies GKN, Dana, IFA Group, Meritor, AAM, JTEKT Corporation, Xuchang Yuandong Drive Shaft, Wanxiang Qianchao Co., Ltd., Neapco Components, LLC, Showa Corporation, GSP Automotive Group Wenzhou Co., Ltd., Elbe Holding GmbH & Co. KG, Gewes, Taier Heavy Industry Co., Ltd, WiCHMANN GmbH”.
Report Scope
Report Attributes | Report Details |
Report Title | Vehicles Propeller Shaft Market Research Report |
By Type | Small Series, Medium Series, Heavy Duty Series |
By Application | Automotive, Manufacturing, Machinery & Equipment, Other |
By Companies | GKN, Dana, IFA Group, Meritor, AAM, JTEKT Corporation, Xuchang Yuandong Drive Shaft, Wanxiang Qianchao Co., Ltd., Neapco Components, LLC, Showa Corporation, GSP Automotive Group Wenzhou Co., Ltd., Elbe Holding GmbH & Co. KG, Gewes, Taier Heavy Industry Co., Ltd, WiCHMANN GmbH |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 211 |
Number of Tables & Figures | 148 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Vehicles Propeller Shaft Market Report Segments:
The market is segmented by Type Small Series, Medium Series, Heavy Duty Series and By Application Automotive, Manufacturing, Machinery & Equipment, Other.
Some of the companies that are profiled in this report are:
- GKN
- Dana
- IFA Group
- Meritor
- AAM
- JTEKT Corporation
- Xuchang Yuandong Drive Shaft
- Wanxiang Qianchao Co., Ltd.
- Neapco Components, LLC
- Showa Corporation
- GSP Automotive Group Wenzhou Co., Ltd.
- Elbe Holding GmbH & Co. KG
- Gewes
- Taier Heavy Industry Co., Ltd
- WiCHMANN GmbH
Vehicles Propeller Shaft Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Vehicles Propeller Shaft Market
Overview of the regional outlook of the Vehicles Propeller Shaft Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Vehicles Propeller Shaft Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Vehicles Propeller Shaft Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Small Series
2. Medium Series
3. Heavy Duty Series
7. By Application:1. Automotive
2. Manufacturing
3. Machinery & Equipment
4. Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vehicles Propeller Shaft Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Vehicles Propeller Shaft Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicles Propeller Shaft Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vehicles Propeller Shaft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicles Propeller Shaft Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vehicles Propeller Shaft Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vehicles Propeller Shaft Market Size & Forecast, 2018-2028
4.5.1 Vehicles Propeller Shaft Market Size and Y-o-Y Growth
4.5.2 Vehicles Propeller Shaft Market Absolute $ Opportunity
Chapter 5 Global Vehicles Propeller Shaft Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vehicles Propeller Shaft Market Size Forecast by Type
5.2.1 Small Series
5.2.2 Medium Series
5.2.3 Heavy Duty Series
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vehicles Propeller Shaft Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vehicles Propeller Shaft Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Manufacturing
6.2.3 Machinery & Equipment
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicles Propeller Shaft Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vehicles Propeller Shaft Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vehicles Propeller Shaft Analysis and Forecast
9.1 Introduction
9.2 North America Vehicles Propeller Shaft Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vehicles Propeller Shaft Market Size Forecast by Type
9.6.1 Small Series
9.6.2 Medium Series
9.6.3 Heavy Duty Series
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vehicles Propeller Shaft Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Manufacturing
9.10.3 Machinery & Equipment
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vehicles Propeller Shaft Analysis and Forecast
10.1 Introduction
10.2 Europe Vehicles Propeller Shaft Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vehicles Propeller Shaft Market Size Forecast by Type
10.6.1 Small Series
10.6.2 Medium Series
10.6.3 Heavy Duty Series
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vehicles Propeller Shaft Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Manufacturing
10.10.3 Machinery & Equipment
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vehicles Propeller Shaft Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vehicles Propeller Shaft Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vehicles Propeller Shaft Market Size Forecast by Type
11.6.1 Small Series
11.6.2 Medium Series
11.6.3 Heavy Duty Series
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vehicles Propeller Shaft Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Manufacturing
11.10.3 Machinery & Equipment
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vehicles Propeller Shaft Analysis and Forecast
12.1 Introduction
12.2 Latin America Vehicles Propeller Shaft Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vehicles Propeller Shaft Market Size Forecast by Type
12.6.1 Small Series
12.6.2 Medium Series
12.6.3 Heavy Duty Series
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vehicles Propeller Shaft Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Manufacturing
12.10.3 Machinery & Equipment
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vehicles Propeller Shaft Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vehicles Propeller Shaft Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vehicles Propeller Shaft Market Size Forecast by Type
13.6.1 Small Series
13.6.2 Medium Series
13.6.3 Heavy Duty Series
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vehicles Propeller Shaft Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Manufacturing
13.10.3 Machinery & Equipment
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vehicles Propeller Shaft Market: Competitive Dashboard
14.2 Global Vehicles Propeller Shaft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 Dana
14.3.3 IFA Group
14.3.4 Meritor
14.3.5 AAM
14.3.6 JTEKT Corporation
14.3.7 Xuchang Yuandong Drive Shaft
14.3.8 Wanxiang Qianchao Co., Ltd.
14.3.9 Neapco Components, LLC
14.3.10 Showa Corporation
14.3.11 GSP Automotive Group Wenzhou Co., Ltd.
14.3.12 Elbe Holding GmbH & Co. KG
14.3.13 Gewes
14.3.14 Taier Heavy Industry Co., Ltd
14.3.15 WiCHMANN GmbH