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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.<br><br>Early buyers will receive 10% customisation on reports.

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

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  1. Automotive Axle & Propeller Shaft Market by Position (Front, Rear, and Inter-Axle Propeller Shaft), Axle Type (Live, Dead, and Tandem Axle), Propeller Shaft Type (Single, and Multi Piece), Material (Alloy, and Carbon Fiber) - Global Forecast to 2021 www.MarketsandMarkets.com

  2. Single piece propeller shaft segment: Expected to dominate the 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. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=62590144

  3. Live axle segment: Expected to register the highest growth rate 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. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=62590144

  4. The live axle segment is set to register the highest growth rate in comparison with dead and tandem axles. Increasing focus towards optimizing vehicle performance and delivering greater torque would augment the live axle market. Also, growing vehicle production as well as engineering advancements to cater to the changing customer needs would drive the market. The carbon fiber propeller shaft segment is expected to be the fastest growing market. Carbon fiber composites are being used in automotive components owing to their structural advantages over their metallic counterparts. These include lower weight and higher strength, which are of vital importance to the OEMs. The cost is expected to decline with mass adoption and enhanced manufacturing process, which is projected to make carbon fiber propeller shaft more competitive in the marketplace. These factors would make the carbon fiber propeller shaft segment one of the fastest growing markets. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=62590144

  5. Asia-Oceania: Largest market for axle and propeller shaft Asia-Oceania comprises of developing economies such as India and China, which are major global markets for automobile production. Global OEMs are investing in these countries, given the new market opportunities arising from growing economies, rising vehicle production levels as well as globally competitive automotive manufacturing hub. This is expected to have positive impact on the demand for axles and propeller shafts which would provide significant boost to large number of local and international component suppliers present in the region. Major suppliers such as Showa Corporation (Japan) and globally Friedrichshafen AG (Germany) have a strong presence in this region. established players such as ZF Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=62590144

  6. Market Ecosystem: The automotive axle and propeller shaft ecosystem consists of axle and propeller shaft manufacturers such as ZF AG (Germany) and GKN Plc. (U.K.), which are the major players in this industry as well as raw material suppliers that include steel and carbon materials. Tier 1 companies directly supply axle and propeller shaft to automotive OEM’s, which are also their primary customers. Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=62590144

  7. Browse >> 88 market data tables 60 figures 157 pages and in-depth TOC "Automotive Axle & Propeller Shaft Market by Position (Front, Rear, and Inter-Axle Propeller Shaft), Axle Type (Live, Dead, and Tandem Axle), Propeller Shaft Type (Single, and Multi Piece), Material (Alloy, and Carbon Fiber) - Global Forecast to 2021“ Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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