Commercial vehicle propeller shaft market to grow by USD 3,742.48 million from 2022 to 2027|Growth driven by increasing demand for commercial vehicles - Technavio

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Jul 28, 2023, 23:30 ET

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

Technavio has announced its latest market research report titled Global Commercial Vehicle Propeller Shaft Market 2023-2027

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:

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

LCV
M&HCV

Type

Single Piece
Multi Piece

Geography

North America
APAC
Europe
South America
Middle East And Africa

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

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global commercial vehicle propeller shaft market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on global commercial vehicle propeller shaft market 2017 - 2021 ($ million)

4.2 Application Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.3 Type Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments

Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application

Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application

6.3 LCV - Market size and forecast 2022-2027

Exhibit 34: Chart on LCV - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on LCV - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on LCV - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on LCV - Year-over-year growth 2022-2027 (%)

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

Exhibit 38: Chart on M and HCV - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on M and HCV - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on M and HCV - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on M and HCV - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Application

Exhibit 42: Market opportunity by Application ($ million)
Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments

Exhibit 44: Chart on Type - Market share 2022-2027 (%)
Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

7.2 Comparison by Type

Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type

7.3 Single piece - Market size and forecast 2022-2027

Exhibit 48: Chart on Single piece - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Single piece - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Single piece - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Single piece - Year-over-year growth 2022-2027 (%)

7.4 Multi piece - Market size and forecast 2022-2027

Exhibit 52: Chart on Multi piece - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Multi piece - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Multi piece - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Multi piece - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Type

Exhibit 56: Market opportunity by Type ($ million)
Exhibit 57: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 59: Chart on Market share by geography 2022-2027 (%)
Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027

Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 APAC - Market size and forecast 2022-2027

Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027

Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

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

Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027

Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Canada - Market size and forecast 2022-2027

Exhibit 91: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.11 Japan - Market size and forecast 2022-2027

Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.12 India - Market size and forecast 2022-2027

Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 103: Market opportunity by geography ($ million)
Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 105: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 107: Overview on factors of disruption

11.4 Industry risks

Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 109: Vendors covered

12.2 Market positioning of vendors

Exhibit 110: Matrix on vendor position and classification

12.3 American Axle and Manufacturing Holdings Inc.

Exhibit 111: American Axle and Manufacturing Holdings Inc. - Overview
Exhibit 112: American Axle and Manufacturing Holdings Inc. - Business segments
Exhibit 113: American Axle and Manufacturing Holdings Inc. - Key offerings
Exhibit 114: American Axle and Manufacturing Holdings Inc. - Segment focus

12.4 Cardone Industries Inc.

Exhibit 115: Cardone Industries Inc. - Overview
Exhibit 116: Cardone Industries Inc. - Product / Service
Exhibit 117: Cardone Industries Inc. - Key offerings

12.5 Dana Inc.

Exhibit 118: Dana Inc. - Overview
Exhibit 119: Dana Inc. - Business segments
Exhibit 120: Dana Inc. - Key news
Exhibit 121: Dana Inc. - Key offerings
Exhibit 122: Dana Inc. - Segment focus

12.6 Elbe Holding GmbH and Co. KG

Exhibit 123: Elbe Holding GmbH and Co. KG - Overview
Exhibit 124: Elbe Holding GmbH and Co. KG - Product / Service
Exhibit 125: Elbe Holding GmbH and Co. KG - Key offerings

12.7 GKN Automotive Ltd.

Exhibit 126: GKN Automotive Ltd. - Overview
Exhibit 127: GKN Automotive Ltd. - Product / Service
Exhibit 128: GKN Automotive Ltd. - Key offerings

12.8 Hindustan Hardy Ltd.

Exhibit 129: Hindustan Hardy Ltd. - Overview
Exhibit 130: Hindustan Hardy Ltd. - Product / Service
Exhibit 131: Hindustan Hardy Ltd. - Key offerings

12.9 Hitachi Ltd.

Exhibit 132: Hitachi Ltd. - Overview
Exhibit 133: Hitachi Ltd. - Business segments
Exhibit 134: Hitachi Ltd. - Key news
Exhibit 135: Hitachi Ltd. - Key offerings
Exhibit 136: Hitachi Ltd. - Segment focus

12.10 Hyundai Wia Corp.

Exhibit 137: Hyundai Wia Corp. - Overview
Exhibit 138: Hyundai Wia Corp. - Business segments
Exhibit 139: Hyundai Wia Corp. - Key offerings
Exhibit 140: Hyundai Wia Corp. - Segment focus

12.11 IFA Holding GmbH

Exhibit 141: IFA Holding GmbH - Overview
Exhibit 142: IFA Holding GmbH - Product / Service
Exhibit 143: IFA Holding GmbH - Key offerings

12.12 JTEKT Corp.

Exhibit 144: JTEKT Corp. - Overview
Exhibit 145: JTEKT Corp. - Business segments
Exhibit 146: JTEKT Corp. - Key news
Exhibit 147: JTEKT Corp. - Key offerings
Exhibit 148: JTEKT Corp. - Segment focus

12.13 Nexteer Automotive Group Ltd.

Exhibit 149: Nexteer Automotive Group Ltd. - Overview
Exhibit 150: Nexteer Automotive Group Ltd. - Business segments
Exhibit 151: Nexteer Automotive Group Ltd. - Key news
Exhibit 152: Nexteer Automotive Group Ltd. - Key offerings
Exhibit 153: Nexteer Automotive Group Ltd. - Segment focus

12.14 NTN Corp.

Exhibit 154: NTN Corp. - Overview
Exhibit 155: NTN Corp. - Business segments
Exhibit 156: NTN Corp. - Key offerings
Exhibit 157: NTN Corp. - Segment focus

12.15 RSB Transmissions India Ltd.

Exhibit 158: RSB Transmissions India Ltd. - Overview
Exhibit 159: RSB Transmissions India Ltd. - Product / Service
Exhibit 160: RSB Transmissions India Ltd. - Key offerings

12.16 Yamada Manufacturing Co. Ltd.

Exhibit 161: Yamada Manufacturing Co. Ltd. - Overview
Exhibit 162: Yamada Manufacturing Co. Ltd. - Product / Service
Exhibit 163: Yamada Manufacturing Co. Ltd. - Key offerings

12.17 ZF Friedrichshafen AG

Exhibit 164: ZF Friedrichshafen AG - Overview
Exhibit 165: ZF Friedrichshafen AG - Business segments
Exhibit 166: ZF Friedrichshafen AG - Key news
Exhibit 167: ZF Friedrichshafen AG - Key offerings
Exhibit 168: ZF Friedrichshafen AG - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 169: Inclusions checklist
Exhibit 170: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 171: Currency conversion rates for US$

13.4 Research methodology

Exhibit 172: Research methodology
Exhibit 173: Validation techniques employed for market sizing
Exhibit 174: Information sources

13.5 List of abbreviations

Exhibit 175: List of abbreviations

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