Global Vehicles Propeller Shaft Sales 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 vehicle Propeller Shafts Market Size is expected to grow at a CAGR of 4.6% from 2021 to 2028. The global vehicles propeller shafts market size was valued at USD 7.7 billion in 2018 and it is projected to reach USD 10.8 billion by 2028. The growth of this market can be attributed to increasing vehicle production and sales across the globe. In addition, stringent emission norms are expected to drive up demand for industrial machinery and equipment with a propeller shaft in order to reduce emissions from such machines.

Vehicle Propeller Shafts are shafts that transfer power from the engine to move a vehicle. The propeller shaft is comprised of two parts, called universal joints - one near each end of the assembly. They allow for angular movement in any direction and together with the bearings they also provide radial support at both ends so there's no sideways motion between input and output sections (i.e., you can't push off on an outside wheel while turning left).

On the basis of Types, the market is segmented into small series, medium series, and heavy-duty series.

Small Series:

The small series vehicles propeller shaft is the most popular type of vehicle propeller shaft. It is used for small-sized, less powerful engines in cars and trucks with an engine capacity that ranges from 600cc to 1400 cc. Smaller motors require smaller prop shafts because they do not produce as much torque or power; thus making it necessary for a more durable material like steel instead of aluminum which would bend easily under pressure. One advantage this has over other types of vehicle prop shafts is durability due to its heavier weight and sturdier build quality. This means there are fewer occurrences where these need repairs or replacements, reducing costs while increasing availability for consumers.

Medium Series:

The medium series vehicles propeller shaft is a Propeller Shaft that has an Average Thrust capacity from 20 kilonewtons to 100 kilonewtons. Medium Series Vehicles are mainly used in machinery & equipment, manufacturing, and automotive applications. Applications of the medium series vehicles propeller shaft vary based on many factors such as size range or type of application. Medium series vehicle propellers have an average thrust capacity ranging from 20 kilonewtons to 100 kilonewtons so they can be applied across a wide variety of industries for various purposes.

Heavy Duty Series:

Heavy-duty series consists of gears that are transmission and power steering system related. An example is a heavy-duty gearbox in a bus chassis, which may consist of one or more propeller shafts to couple it with the rear axle(s). The engine powers these shafts via input from its crankshaft.

On the basis of Application, the market is segmented into Automotive, Manufacturing, Machinery & Equipment, and Other.

Automotive:

Vehicle propeller shafts are used in various types of vehicles, such as cars and trucks. In most cars the use is to transmit power from one end of a car's axle to another; this can be either consecutively through two or more axles (in which case it would also serve as an intermediate drive shaft) or directly from differential gearbox outboard towards wheels on each side of a vehicle with live front and rear axles so-called "live-axle" design.

Manufacturing:

Vehicle propeller shafts are used in various manufacturing applications and industries. For example, vehicles use car propellers to drive axles and gearboxes, while industrial equipment typically uses long-shafted vehicle propeller shafts for power transmission purposes. The automobile industry is the largest consumer of these parts worldwide. Automotive manufacturers have been using more aluminum alloys than steel due to their lightweight properties since 2001 because they offer a better weight distribution among different components on the engine block. While it might be true that one or two light-duty cars per year will still require steel proper shafts with standard hub sizes, most production lines run an automated process where operators only load onto trucks either 15 feet (about 250 pounds) of aluminum shafts or 25 feet (about 500 pounds) of steel shafts.

Machinery & Equipment:

Machinery & Equipment is one of the leading applications for vehicle propeller shafts. Propellers are used in a wide variety of industries, such as automotive manufacturing and construction. The shaft is mounted on the power source and provides rotational motion to other parts that require energy to turn them. It can be found anywhere from an automobile assembly line to various types of machinery in industrial settings with high torque requirements. The use of vehicles propeller shafts in Machinery & Equipment has increased due to their ability to withstand heavy loads while providing the necessary speed for many rotating devices. Due largely part because specialized engineering design, these components provide smooth changes between gears by effectively transmitting large amounts of torque and turning at higher speeds than smaller components.

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region has the largest market share of global vehicles propeller shafts followed by Latin America due to increasing demand for automotive parts in these regions.

Growth Factors For The Global Vehicles Propeller Shaft Sales Market:

The most important factors driving these global vehicle's propeller shafts are:

• The rise in demand for premium cars with better fuel efficiency.
• The rise in manufacturing facilities around the APAC region.
• Improving transportation conditions across emerging economies especially China etc.
• Increasing demand for automotive parts in Global regions.
• The high cost of these components and their reliability are also factors that drive this market.

Up Market Research published a new report titled “Vehicles Propeller Shaft Sales 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

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 Sales 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:

1. GKN
2. Dana
3. IFA Group
4. Meritor
5. AAM
6. JTEKT Corporation
7. Xuchang Yuandong Drive Shaft
8. Wanxiang Qianchao Co., Ltd.
9. Neapco Components, LLC
10. Showa Corporation
11. GSP Automotive Group Wenzhou Co., Ltd.
12. Elbe Holding GmbH & Co. KG
13. Gewes
14. Taier Heavy Industry Co., Ltd
15. WiCHMANN GmbH

Vehicles Propeller Shaft Sales 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 Sales Market

Overview of the regional outlook of the Vehicles Propeller Shaft Sales 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 Sales Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Vehicles Propeller Shaft Sales Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Small Series

                2. Medium Series

                3. Heavy Duty Series

                1. Automotive

                2. Manufacturing

                3. Machinery & Equipment

                4. Other

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Vehicles Propeller Shaft Sales 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
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Reasons to Purchase the Vehicles Propeller Shaft Sales 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.