Automotive Axle & Propeller Shaft Market Worth 58.07 Billion USD by 2021

PUNE, India, March 3, 2017 /PRNewswire/ --

The report "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", published by MarketsandMarkets, the global market size, in terms of value, is estimated to be USD 39.11 Billion in 2016, and is projected to grow to USD 58.07 Billion by 2021, at a CAGR of 8.22%.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 88 market data Tables and 60 Figures spread through 157 Pages and in-depth TOC on "Automotive Axle & Propeller Shaft Market"

http://www.marketsandmarkets.com/Market-Reports/axle-propeller-shaft-market-62590144.html

Early buyers will receive 10% customization on this report. 

The major factors behind the growth of Automotive Axle & Propeller Shaft Market sales are growing adoption of AWD vehicles, innovations in engineering focusing towards fuel efficiency and sustainability, as well as rising vehicle production.

Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=62590144

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.

Make an Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=62590144

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.

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 established players such as ZF Friedrichshafen AG (Germany) have a strong presence in this region.

Browse related reports: 

Automotive Drivetrain Market by Drive Type (AWD, RWD, FWD), Vehicle Type (Passenger car, LCV, Buses and Trucks), Electric Vehicle Drive type (BEV, PHEV, HEV), and Region - Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/automotive-drivetrain-market-48326627.html

Drive Shaft Market by Type (Rigid & Hollow Drive Shaft), Position (Rear & Front Drive Shaft), Vehicle Type (Passenger Car (Hatchback, Sedan, SUV/MUV/MPV, Others) & LCV), & by Region - Global Forecast and Trends to 2020

http://www.marketsandmarkets.com/Market-Reports/sideshaft-market-119146087.html

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets