Automotive Axle And Propeller Shaft Market Size, Trends, Growth, Insights And Forecast Report 2031 | Dana Corporation, IFA Rotorion, JTEKT Corporation, Meritor Inc, ZF Friedrichshafen AG

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The global automotive axle and propeller shaft market report by the business research company identifies the increase in demand for comfortable and fuel-efficient vehicles is expected to be a major growth driver for the automotive axle and propeller shaft market. Fuel-efficient vehicles can be referred to as vehicles that have a fuel consumption of fewer than 6 litres per 100 km, which reduces global warming emissions and produces less pollution. Automotive axles and propeller shafts help fuel-efficient vehicles by reducing fuel expenses, carbon emissions, and dependence on foreign oil while also improving the use of sustainable energy. For instance, in April 2021, according to the Global EV Outlook 2021, published by the International Energy Agency report, a France-based global energy system intergovernmental organization, the number of electric vehicles sold worldwide reached 10 million in 2020, an increase of 43% from the previous year. There were about 3 million new electric vehicles registered in 2020. Europe took the lead for the first time with 1.4 million new registrations. China registered 1.2 million new electric automobiles after the United States registered 2.95 million. Thus, the increase in demand for comfortable and fuel-efficient vehicles is driving the automotive axle and propeller shaft market.

The global automotive axle and propeller shaft market size is expected to grow from $27.19 billion in 2021 to $28.49 billion in 2022 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The automotive axle and propeller shaft market is expected to grow to $34.51 billion in 2026 at a CAGR of 4.9%.

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Asia-Pacific was the largest region in the automotive axle and propeller shaft market in 2021. Latin America is expected to be the fastest-growing region in the forecast period. The regions covered in this automotive axle and propeller shaft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the automotive axle and propeller shaft market are Dana Corporation, American Axle and Manufacturing Inc, Gelenkwellen-Service GmbH, GKN-Walterscheid GmbH, Hyundai Wia Corporation, IFA Rotorion, JTEKT Corporation, Meritor Inc, ZF Friedrichshafen AG, Korea Flange Co. Ltd, Wahan Engineering Corporation, Automotive Axles Limited, Bailey Morris Ltd, D And F Propshafts, Mark Williams Enterprises Inc, and Wilson Drive Shafts.

The global automotive axle and propeller shaft market is segmented -
1) By Type: Single Piece, Multi Piece

2) By Propeller Shaft Type: Front Propeller, Inter-Axle, Rear Propeller

3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles

4) By Material: Alloy, Carbon Fiber

5) By Sales Channel: Original Equipment Manufacturer, Aftermarket

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The Automotive axle and propeller shaft Market Report Contents Include
1. Executive Summary
2. Automotive Axle And Propeller Shaft Market Characteristics
3. Automotive Axle And Propeller Shaft Market Trends And Strategies
4. Automotive Axle And Propeller Shaft Market - Macro Economic Scenario
5. Automotive Axle And Propeller Shaft Market Size And Growth
....
26. Africa Automotive Axle And Propeller Shaft Market
27. Automotive Axle And Propeller Shaft Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Axle And Propeller Shaft Market
29. Automotive Axle And Propeller Shaft Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the automotive axle and propeller shaft market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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