Axle & Shaft is a mechanical part that translates the torque generated by a vehicle's engine into usable motive force to propel the vehicle. Axle & Shaft can be divided into propeller shaft, Rear Axle and Front Axle. The propeller shaft deliver power from an engine/transmission to the other end of the vehicle before it goes to the wheels. It is used on front engine rear wheel drive and most 4 wheel drive vehicles it couples the transmission with the rear differential. There is also a pair of shorter drive shafts often used to carry torque from a transaxle to the wheels. It is used in all kinds of vehicles and the number of half shafts varied with the drive mode.
The Axle & Propeller Shaft industry is relatively concentrated, and high-end products mainly come from North America and Western Europe. In the India wide, major manufactures mainly are GKN, AAL, NTN, Dana, Nexteer, GNA Enterprises, Sona Group, Hyundai-Wia, Talbros Engineering, AAM and etc.
The import and export business of this industry is not frequent. The main reason lies in that many international manufacturers expand their business through building factories or investments in targeted markets. Also, many major players have built up plants in developing countries, like India and Thailand.
This industry is affected by the economy and policy, so it's important to put an eye to economic indexes and leaders' prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Axle & Propeller Shaft starch will increase.

According to this study, over the next five years the Axle & Propeller Shaft market will register a xx% CAGR in terms of revenue, the global market size will reach USD xx million by 2024, from USD xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Axle & Propeller Shaft business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Axle & Propeller Shaft market by product type, application, key manufacturers and key regions and countries.

This study considers the Axle & Propeller Shaft value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Propeller Shaft
Rear Axle
Front Axle
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Car (PC)
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
American Axle & Manufacturing Holdings
GKN
AAL
NTN
Dana
Nexteer
GNA Enterprises
Sona Group
Hyundai-Wia
Talbros Engineering
AAM (American Axle & Manufacturing Holdings)

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Axle & Propeller Shaft consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Axle & Propeller Shaft market by identifying its various subsegments.
Focuses on the key global Axle & Propeller Shaft manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Axle & Propeller Shaft with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Axle & Propeller Shaft submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.