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Jan 28, 2024

Commercial vehicle propeller shaft market to grow by USD 3,742.48 million from 2022 to 2027

NEW YORK, July 28, 2023 /PRNewswire/ -- The commercial vehicle propeller shaft market is set to grow by USD 3,742.48 million from 2022 to 2027. However, the growth momentum will progress at a CAGR of

NEW YORK, July 28, 2023 /PRNewswire/ -- The commercial vehicle propeller shaft market is set to grow by USD 3,742.48 million from 2022 to 2027. However, the growth momentum will progress at a CAGR of 4.64% during the forecast period, according to Technavio. The commercial vehicle propeller shaft market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. American Axle and Manufacturing Holdings Inc., Cardone Industries Inc., Comer Industries Spa, Dana Inc., Elbe Holding GmbH and Co. KG, GKN Automotive Ltd., Guru Nanak Auto Enterprises Ltd., Hindustan Hardy Ltd., Hitachi Ltd., Hyundai Wia Corp., IFA Holding GmbH, JTEKT Corp., Nexteer Automotive Group Ltd., NTN Corp., Powertrain Industries Inc., RSB Transmissions India Ltd., Toyota Motor Corp., Yamada Manufacturing Co. Ltd., and ZF Friedrichshafen AG are some of the major market participants -. To know about the vendor offerings - Request a sample report

Commercial Vehicle Propeller Shaft Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The commercial vehicle propeller shaft market report covers the following areas:

Commercial Vehicle Propeller Shaft Market Size

Commercial Vehicle Propeller Shaft Market Trends

Commercial Vehicle Propeller Shaft Market Industry Analysis

Porter's Five Forces Analysis

Customer Landscape

The commercial vehicle propeller shaft market is fragmented, and the degree of fragmentation will accelerate. The increasing demand for commercial vehicles will offer immense growth opportunities. However, the decline in automotive production due to global semiconductor chip shortage will hamper the market growth.

Commercial Vehicle Propeller Shaft Market 2023-2027: Drivers & Challenges

The increasing demand for commercial vehicles drives the growth of the commercial vehicle propeller shaft market. They are important components of a vehicle, as they support high loads and the rising demand for commercial vehicles is driving the growth of the global commercial vehicle propeller shaft market. Also, due to the improving socio-economic conditions, infrastructure, employment opportunities, and manufacturing in the developing and developed economies of APAC, the demand for commercial vehicles is rising. Hence, such factors boost the growth of the commercial vehicle propeller shaft market during the forecast period.

The overloading of heavy-duty trucks challenges the growth of the commercial vehicle propeller shaft market. The overloading causes road shocks and damages the driver's cabin and cargo hold. Furthermore, fleet owners are focusing on increasing the payload capacity of vehicles to transport large quantities of cargo during a single delivery trip but in developing countries, commercial vehicles are commonly overloaded with cargo. Hence, the overlading of heavy-duty trucks will negatively impact the growth of the global commercial vehicle propeller shaft market during the forecast period.

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Commercial Vehicle Propeller Shaft Market 2023-2027: Segment Analysis

Application

Type

Geography

Commercial Vehicle Propeller Shaft Market 2023-2027: Segmentation Highlights

The LCV segment will be significant for market growth during the forecast period. Factors such as high sales of various types of vehicles, such as small compact trucks, pickup vans, and pickup trucks drive the growth of the segment. Such vehicles are generally used for intra-city and inter-city transport. Also, they are available in various sizes, shapes, wheels, and weights. Hence, such factors boost the growth of the LCV segment of the commercial vehicle propeller shaft market during the forecast period.

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report

Commercial Vehicle Propeller Shaft Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027

Detailed information on factors that will assist commercial vehicle propeller shaft market growth during the next five years

Estimation of the commercial vehicle propeller shaft market size and its contribution to the parent market

Predictions on upcoming trends and changes in consumer behavior

The growth of the commercial vehicle propeller shaft market across North America, APAC, Europe, South America, and Middle East and Africa

Analysis of the market's competitive landscape and detailed information on vendors

Comprehensive details of factors that will challenge the growth of commercial vehicle propeller shaft market vendors

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Commercial Vehicle Propeller Shaft Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.64%

Market growth 2023-2027

USD 3,742.48 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.24

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key countries

US, Canada, China, Japan, and India

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

American Axle and Manufacturing Holdings Inc., Cardone Industries Inc., Comer Industries Spa, Dana Inc., Elbe Holding GmbH and Co. KG, GKN Automotive Ltd., Guru Nanak Auto Enterprises Ltd., Hindustan Hardy Ltd., Hitachi Ltd., Hyundai Wia Corp., IFA Holding GmbH, JTEKT Corp., Nexteer Automotive Group Ltd., NTN Corp., Powertrain Industries Inc., RSB Transmissions India Ltd., Toyota Motor Corp., Yamada Manufacturing Co. Ltd., and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global commercial vehicle propeller shaft market 2017 - 2021

4.2 Application Segment Analysis 2017 - 2021

4.3 Type Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Application

6.1 Market segments

6.2 Comparison by Application

6.3 LCV - Market size and forecast 2022-2027

6.4 M and HCV - Market size and forecast 2022-2027

6.5 Market opportunity by Application

7 Market Segmentation by Type

7.1 Market segments

7.2 Comparison by Type

7.3 Single piece - Market size and forecast 2022-2027

7.4 Multi piece - Market size and forecast 2022-2027

7.5 Market opportunity by Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 North America - Market size and forecast 2022-2027

9.4 APAC - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 China - Market size and forecast 2022-2027

9.10 Canada - Market size and forecast 2022-2027

9.11 Japan - Market size and forecast 2022-2027

9.12 India - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 American Axle and Manufacturing Holdings Inc.

12.4 Cardone Industries Inc.

12.5 Dana Inc.

12.6 Elbe Holding GmbH and Co. KG

12.7 GKN Automotive Ltd.

12.8 Hindustan Hardy Ltd.

12.9 Hitachi Ltd.

12.10 Hyundai Wia Corp.

12.11 IFA Holding GmbH

12.12 JTEKT Corp.

12.13 Nexteer Automotive Group Ltd.

12.14 NTN Corp.

12.15 RSB Transmissions India Ltd.

12.16 Yamada Manufacturing Co. Ltd.

12.17 ZF Friedrichshafen AG

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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