An axle is a part of the transmission assembly of an automobile. The main purpose of an axle is to bear the weight of the vehicle and also maintain the position of wheels relative to each other and to the vehicle body. Axles can either be live-axles or non-driving axles. In an automobile, live axles help in transmitting the power from engine on to wheels via the drive shaft.
This report contains market size and forecasts of Axle Shaft in global, including the following market information:
Global Axle Shaft Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Axle Shaft Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Axle Shaft companies in 2021 (%)
The global Axle Shaft market was valued at 16230 million in 2021 and is projected to reach US$ 18050 million by 2028, at a CAGR of 1.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Propeller Shaft Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Axle Shaft include GKN, NTN, SDS, Dana, Nexteer, Hyundai-Wia, IFA Rotorion, Meritor and AAM, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Axle Shaft manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Axle Shaft Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Axle Shaft Market Segment Percentages, by Type, 2021 (%)
Propeller Shaft
Half Shaft
Axle Shaft
Global Axle Shaft Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Axle Shaft Market Segment Percentages, by Application, 2021 (%)
Passenger Vehicle (Ex. SUV)
SUV & Truck
Commercial Vehicle (Ex. Truck)
Global Axle Shaft Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Axle Shaft Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Axle Shaft revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Axle Shaft revenues share in global market, 2021 (%)
Key companies Axle Shaft sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Axle Shaft sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
GKN
NTN
SDS
Dana
Nexteer
Hyundai-Wia
IFA Rotorion
Meritor
AAM
Neapco
JTEKT
Yuandong
Wanxiang
Showa
Lingyun
Guansheng
GNA Enterprises
Fawer
Hengli
Danchuan
Lantong
Talbros Engineering
Dongfeng
Golden
Sinotruk