Axle Propeller Shaft Market

Axle & Shaft is a mechanical part that translates the torque generated by a vehicle's engine into usable motive force to propel the vehicle. Axle & Shaft can be divided into propeller shaft, Rear Axle and Front Axle. The propeller shaft deliver power from an engine/transmission to the other end of the vehicle before it goes to the wheels. It is used on front engine rear wheel drive and most 4 wheel drive vehicles it couples the transmission with the rear differential. There is also a pair of shorter drive shafts often used to carry torque from a transaxle to the wheels. It is used in all kinds of vehicles and the number of half shafts varied with the drive mode.

In Axle Propeller Shaft Market , the data we provide is about both the propeller shafts and half shafts.

Axle Propeller Shaft Market contains market size and forecasts of Axle & Propeller Shaft in global, including the following market information:

Global Axle & Propeller Shaft Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Axle & Propeller Shaft Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Axle & Propeller Shaft companies in 2021 (%)

The global Axle & Propeller Shaft market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Propeller Shaft Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Axle & Propeller Shaft include GKN, AAL, NTN, Dana, Nexteer, GNA Enterprises, Sona Group, Hyundai-Wia and Talbros Engineering and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Axle & Propeller Shaft manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Axle & Propeller Shaft Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Axle & Propeller Shaft Market Segment Percentages, by Type, 2021 (%)

Propeller Shaft

Rear Axle

Front Axle

Global Axle & Propeller Shaft Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Axle & Propeller Shaft Market Segment Percentages, by Application, 2021 (%)

Passenger Car (PC)

Light Commercial Vehicle (LCV)

Heavy Commercial Vehicle (HCV)

Global Axle & Propeller Shaft Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Axle & Propeller Shaft Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Axle & Propeller Shaft revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Axle & Propeller Shaft revenues share in global market, 2021 (%)

Key companies Axle & Propeller Shaft sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Axle & Propeller Shaft sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

GKN

AAL

NTN

Dana

Nexteer

GNA Enterprises

Sona Group

Hyundai-Wia

Talbros Engineering

AAM