Automotive Axle & Propeller Shaft Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2024-32
                     Global Automotive Axle 
& Propeller Shaft Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
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Acco r d ing  t o  t he  l a t e s t  r epo r t  by  I M AR C G r ou p ,  t i t l ed  "A ut om ot i ve  A x l e  &  
Prop e l l e r  Sha f t  M a rke t :  G l ob a l  I ndust ry  T r ends ,  Share ,  S i ze ,  G row t h ,  
O pp or t u n i t y  and  F oreca s t  2024 - 2 032 , "  t he  g loba l  au t o m o t iv e  ax le  &  p r ope l l e r  sh a f t  
m ar ke t  s i ze  r each ed  US $  80 . 5  B i l l i on  i n  2023 .
The  a u t om o t i ve  ax le  a nd  p r ope l l e r  sha f t  a r e  im p o r t an t  com ponen t s  t ha t  a r e  i ns t a l l ed  
Report i n  a  veh i c le ’ s  d r i v e t r a i n  sys t em .  They  a r e  m anu f ac t u r ed  us ing  va r i ous  h igh - s t r en g t h  
m a t e r i a l s ,  su ch  as  s t a in le ss  s t ee l ,  a lum inum ,  c a r bon  f i be r ,  and  com pos i t e  m a t e r i a l s ,  
Highlight and i n c lud ing  Kev la r  e poxy ,  f i b e r g la ss ,  a nd  e - g lass  po l yes t e r .  Th ey  a r e  w i de l y  u sed  t o  t r an s f e r  and  d i s t r i bu t e  eng in e  pow er  f r om  t he  t r an sm iss ion  s ys t em  t o  t he  whee ls .  
The  a u t om o t i ve  ax le  a nd  p r ope l l e r  sha f t  a r e  d es igne d  t o  sup po r t  t he  veh i c le ’ s  
Description we igh t ,  han d le  o f f - r oad in g  s t r e ss ,  abs o r b  sh ocks ,  a nd  w i t hs t and  h ig h  t o r q ue  and  
r o t a t i on  speed  l eve l s .  T hey  a l so  p r ov ide  be t t e r  v eh i c le  hand l i ng  and  c on t r o l ,  
enha nce  pe r f o r m anc e ,  im p r ove  s t ab i l i t y ,  i nc r eas e  f ue l  e f f i c i ency ,  an d  p r om o t e  
sm o o t he r  r i de s .  
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Report Description
G lo b a l  A u t o m o t iv e  A x l e  &  P r o p e l l e r  S h a f t  M a r k e t  T r e n d s :
T h e  s i g n i f i c a n t  g r o w t h  i n  t h e  a u t o m o t i v e  i n d u s t r y  i s  o n e  o f  t h e  p r i m a r y  f a c t o r s  c r e a t i n g  a  p o s i t i v e  o u t l o o k  f o r  t h e  m a r k e t .  A u t o m o t i v e  a x l e  
a n d  p r o p e l l e r  s h a f t  a r e  e s s e n t i a l  c o m p o n e n t s  u s e d  f o r  p o w e r  t r a n s m i s s i o n ,  d i f f e r e n t i a l  f u n c t i o n ,  s h o c k  a b s o r p t i o n ,  a n d  i m p r o v i n g  t h e  
h a n d l i n g  a n d  p e r f o r m a n c e  o f  t h e  v e h i c l e s .  A l o n g  w i t h  t h i s ,  t h e  i n c r e a s i n g  p r o d u c t  a p p l i c a t i o n s  i n  h y b r i d  a n d  e l e c t r i c  v e h i c l e s  ( E V s )  f o r  
r e g e n e r a t i v e  b r a k i n g ,  h a n d l i n g  h i g h  t o r q u e  o u t p u t  o f  t h e  e l e c t r i c  m o t o r ,  a n d  t r a n s f e r r i n g  p o w e r  t o  t h e  w h e e l s  a r e  a c t i n g  a s  a n o t h e r  g r o w t h -
i n d u c i n g  f a c t o r .  F u r t h e r m o r e ,  t h e  w i d e s p r e a d  p r o d u c t  u t i l i z a t i o n  i n  c o m m e r c i a l  v e h i c l e s  t o  s u p p o r t  h e a v y  l o a d s ,  h a n d l e  r o u g h  t e r r a i n ,  a n d  
p r o v i d e  m a x i m u m  t r a n s f e r  o f  p o w e r  f o r  t o w i n g  a n d  h a u l i n g  a p p l i c a t i o n s  i s  p o s i t i v e l y  i n f l u e n c i n g  t h e  m a r k e t  g r o w t h .  A d d i t i o n a l l y ,  t h e  r e c e n t  
d e v e l o p m e n t  o f  t h e  c a r b o n  f i b e r  p r o p e l l e r  s h a f t ,  w h i c h  i s  l i g h t w e i g h t  a n d  o f f e r s  h i g h  s t r e n g t h ,  i m p r o v e d  p e r f o r m a n c e ,  b e t t e r  h a n d l i n g ,  a n d  
l o w e r  f u e l  c o n s u m p t i o n ,  i s  p r o v i d i n g  a n  i m p e t u s  t o  t h e  m a r k e t  g r o w t h .  B e s i d e s  t h i s ,  t h e  i n t r o d u c t i o n  o f  t h r e e - d i m e n s i o n a l  ( 3 D )  p r i n t i n g  
t e c h n o l o g y  t o  p r o d u c e  c o m p l e x  a x l e  a n d  p r o p e l l e r  s h a f t  p a r t s ,  w h i c h ,  i n  t u r n ,  i m p r o v e s  p r o d u c t i o n  r a t e ,  i n c r e a s e s  e f f i c i e n c y ,  e n h a n c e s  
p r o d u c t  q u a l i t y ,  a n d  r e d u c e s  w a s t e  g e n e r a t i o n ,  i s  p r o v i d i n g  a  t h r u s t  t o  t h e  m a r k e t  g r o w t h .  M o r e o v e r ,  t h e  i m p l e m e n t a t i o n  o f  v a r i o u s  
g o v e r n m e n t  i n i t i a t i v e s  t o  r e d u c e  a u t o m o t i v e  e m i s s i o n  l e v e l s  a n d  i n c r e a s e  f u e l  e f f i c i e n c y  i s  f a v o r i n g  t h e  m a r k e t  g r o w t h .  O t h e r  f a c t o r s ,  
i n c l u d i n g  i n c r e a s i n g  a d o p t i o n  o f  f u e l - e f f i c i e n t  v e h i c l e s ,  e x t e n s i v e  r e s e a r c h  a n d  d e v e l o p m e n t  ( R & D )  a c t i v i t i e s ,  a n d  t h e  g r o w i n g  d e m a n d  f o r  
a l l - w h e e l  d r i v e  ( A W D )  c a r s ,  a r e  a n t i c i p a t e d  t o  d r i v e  t h e  m a r k e t  g r o w t h .
L o o k in g  f o r w a r d ,  t h e  m a r k e t  i s  e x p e c t e d  t o  r e a c h  U S $  1 5 4 .6  B i l l i o n  b y  2 0 3 2 ,  e x h ib i t in g  a  C A G R  o f  7 .4 %  d u r i n g  2 0 2 4 - 2 0 3 2 .  
V ie w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / a u t o m o t i v e - a x l e - p r o p e l l e r - s h a f t - m a r k e t
Breakup by Type:
• Live Axle
• Dead Axle
• Tandem Axle
• Single Piece Propel ler Shaft
• Multi  Piece Propel ler Shaft
Report • Sl ip in Tube Propel ler Shaft
Segmentation
Breakup by Vehicle Type:
• Passenger Car
• Light Commercial  Vehicle
• Heavy Commercial  Vehicle
Breakup by Sales Channel:
• Original  Equipment Manufacturer
• Aftermarket
Breakup by Region:
Report • North America
Segmentation • Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• American Axle & Manufacturing Inc.
• Automotive Axles Limited
Competitive • Dana Incorporated
• Hyundai WIA Corporation
Landscape • IFA Group
with Key • JTEKT Corporat ion
Players • Mark Wil l iams Enterprises Inc.
• Melrose Industr ies PLC
• Meritor Inc. (Cummins Inc.)
• ZF Friedrichshafen AG.
What was the size of the global automotive axle & 
propeller shaft market in 2023?
What is the expected growth rate of the global 
automotive axle & propeller shaft market during 2024-
2032?
What are the key factors driving the global automotive 
Key axle & propeller shaft market?
Questions What has been the impact of COVID-19 on the global 
automotive axle & propeller shaft market?
Answered in 
What is the breakup of the global automotive axle & 
the Report propeller shaft market based on the type?
What is the breakup of the global automotive axle & 
propeller shaft market based on the vehicle type?
What are the key regions in the global automotive axle 
& propeller shaft market?
Who are the key players/companies in the global 
automotive axle & propeller shaft market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  A u t o m o t i v e  A x l e  &  P r o p e l l e r  S h a f t  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  T y p e
    6 . 1     L i v e  A x l e
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     D e a d  A x l e
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     T a n d e m  A x l e
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
       
    6 . 4     S i n g l e  P i e c e  P r o p e l l e r  S h a f t
        6 . 4 . 1  M a r k e t  T r e n d s
        6 . 4 . 2  M a r k e t  F o r e c a s t
    6 . 5     M u l t i  P i e c e  P r o p e l l e r  S h a f t
        6 . 5 . 1  M a r k e t  T r e n d s
        6 . 5 . 2  M a r k e t  F o r e c a s t
    6 . 6     S l i p  i n  T u b e  P r o p e l l e r  S h a f t
        6 . 6 . 1  M a r k e t  T r e n d s
        6 . 6 . 2  M a r k e t  F o r e c a s t
7     M a r k e t  B r e a k u p  b y  V e h i c l e  T y p e
    7 . 1     P a s s e n g e r  C a r
Table of         7 . 1 . 1  M a r k e t  T r e n d s        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     L i g h t  C o m m e r c i a l  V e h i c l e
        7 . 2 . 1  M a r k e t  T r e n d s
Contents         7 . 2 . 2  M a r k e t  F o r e c a s t    7 . 3     H e a v y  C o m m e r c i a l  V e h i c l e
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
8     M a r k e t  B r e a k u p  b y  S a l e s  C h a n n e l
    8 . 1     O r i g i n a l  E q u i p m e n t  M a n u f a c t u r e r
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     A f t e r m a r k e t
        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
9     M a r k e t  B r e a k u p  b y  R e g i o n
    9 . 1     N o r t h  A m e r i c a
        9 . 1 . 1  U n i t e d  S t a t e s
           9 . 1 . 1 . 1  M a r k e t  T r e n d s
           9 . 1 . 1 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. i m a rc g ro u p . c o m / a u t o m o t i v e - a x le - p ro p e l l e r- s h a f t - m a r k
e t / t o c
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