Global Axle Shaft Market Growth 2023-2029

Global Axle Shaft Market Growth 2023-2029

Product Code:458403

Published Date: Feb 08,2023

Pages: 126

Region: Global

Category: Automobile & Transportation

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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.

LPI (LP Information)' newest research report, the “Axle Shaft Industry Forecast” looks at past sales and reviews total world Axle Shaft sales in 2022, providing a comprehensive analysis by region and market sector of projected Axle Shaft sales for 2023 through 2029. With Axle Shaft sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Axle Shaft industry.

This Insight Report provides a comprehensive analysis of the global Axle Shaft landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Axle Shaft portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Axle Shaft market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Axle Shaft and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Axle Shaft.

The global Axle Shaft market size is projected to grow from US$ 15430 million in 2022 to US$ 17310 million in 2029; it is expected to grow at a CAGR of 17310 from 2023 to 2029.

The major players in global Axle Shaft market include GKN, NTN, SDS, etc. The top 3 players occupy about 45% shares of the global market. Europe and China are main markets, they occupy about 50% of the global market. Half Shaft is the main type, with a share about 75%. Passenger Vehicle (Ex. SUV) is the main application, which holds a share about 60%.

This report presents a comprehensive overview, market shares, and growth opportunities of Axle Shaft market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Propeller Shaft
    Half Shaft
    Axle Shaft

Segmentation by application
    Passenger Vehicle (Ex. SUV)
    SUV & Truck
    Commercial Vehicle (Ex. Truck)

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Axle Shaft market?
What factors are driving Axle Shaft market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Axle Shaft market opportunities vary by end market size?
How does Axle Shaft break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?