'Live axle segment' presentation slideshows

Live axle segment - PowerPoint PPT Presentation

Increased Focus on Optimizing Overall Vehicle Performance to Drive Global Automotive Axle & Propeller Shaft Market

Increased Focus on Optimizing Overall Vehicle Performance to Drive Global Automotive Axle & Propeller Shaft Market

Single piece propeller shaft segment dominates the global propeller shaft market, in terms of both value and volume. The key reason for such market growth is its cost effectiveness as well as overall durability. Single piece propeller shaft is more widespread than the multi piece propeller shaft majorly because of its light weight and high fuel efficiency.

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Increased Focus on Optimizing Overall Vehicle Performance to Drive Global Automotive Axle & Propeller Shaft Market

Increased Focus on Optimizing Overall Vehicle Performance to Drive Global Automotive Axle & Propeller Shaft Market

Live axle drives the wheel connected to it along with supporting the weight of the car. Increasing consumer’s preference towards SUVs and RWD passenger cars as well as consistent growth in overall vehicle production have triggered the growth of the live axle market. Growing demand for passenger cars is expected to positively impact the live axle market.

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Single piece propeller shaft segment: Expected to dominate the propeller shaft market during the forecast 2021

Single piece propeller shaft segment: Expected to dominate the propeller shaft market during the forecast 2021

The demand for automotive axle and propeller shaft market is governed by global vehicle production as well as engineering advancements with an aim to deliver highest vehicle performance. Global automotive axle & propeller shaft sales value is projected to grow at a CAGR of 8.22% from 2016 to 2021, to reach USD 58.07 billion by 2021. The base year for the study is 2015, and the forecast period is from 2016 to 2021. Early buyers will receive 10% customisation on reports.

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99 views • 8 slides

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