Axle Shaft market

Axle Shaft Market - Global Outlook and Forecast 2022-2028

  • 24 January 2022
  • Automotive and Transportation
  • 120 Pages
  • Report code : PMR-6796204

  • 4.7 (158)

Axle Shaft Market

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An axle is a part of the transmission assembly of an automobile. The main purpose of an axle is to bear the weight of the vehicle and also maintain the position of wheels relative to each other and to the vehicle body. Axles can either be live-axles or non-driving axles. In an automobile, live axles help in transmitting the power from engine on to wheels via the drive shaft.

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

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

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

Global top five Axle Shaft companies in 2021 (%)

The global Axle Shaft market was valued at 16230 million in 2021 and is projected to reach US$ 18050 million by 2028, at a CAGR of 1.5% 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 Shaft include GKN, NTN, SDS, Dana, Nexteer, Hyundai-Wia, IFA Rotorion, Meritor and AAM, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Axle 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 Shaft Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

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

Propeller Shaft

Half Shaft

Axle Shaft

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

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

Passenger Vehicle (Ex. SUV)

SUV & Truck

Commercial Vehicle (Ex. Truck)

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

Global Axle 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 Shaft revenues in global market, 2017-2022 (Estimated), ($ millions)

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

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

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

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

GKN

NTN

SDS

Dana

Nexteer

Hyundai-Wia

IFA Rotorion

Meritor

AAM

Neapco

JTEKT

Yuandong

Wanxiang

Showa

Lingyun

Guansheng

GNA Enterprises

Fawer

Hengli

Danchuan

Lantong

Talbros Engineering

Dongfeng

Golden

Sinotruk

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