Global Commercial Vehicle Propeller Shaft Market 2017-2021

This market research report identifies GKN, American Axle & Manufacturing Holdings, and ZF Friedrichshafen as the key vendors in the global commercial vehicle propeller shaft market. This report also presents a detailed analysis of the market by application (LCVs and M&HCVs) and by geography (the Americas, APAC, and EMEA).

Overview of the global commercial vehicle propeller shaft market

Technavio’s market research report predicts that the global commercial vehicle propeller shaft market will grow at a CAGR of above 6% during the forecast period. The rising demand for fuel-efficient vehicles is one of the primary drivers for market growth. The shifting prices of fuel and slow growth in the number of freight order has resulted in the larger preference for commercial vehicles that offer higher fuel efficiency. Commercial vehicles fitted with lightweight propeller shafts are will offer 10% more fuel efficiency than the vehicles with heavy propeller shafts and can maintain speed without any additional stress on the engine. Since the huge amount of power required to rotate the drivetrain components will reduce the fuel efficiency of the vehicle, truck fleet operators are conducting several trials and tests to increase the fuel efficiency of vehicles. This will increase the demand for lightweight drivetrain components, which will in turn, fuel the growth of the market since light-weight propeller shafts improve the efficiency of the engine and lower fuel costs.

The rising demand for propeller shafts made of carbon fiber will be one of the latest trends that will contribute to the growth of the commercial vehicle propeller shaft market. Light rotational mass of a carbon fiber propeller shaft provides more engine power to the rear wheels in a commercial vehicle and improves the horsepower of the rear wheels by about 10%. The sturdiness of carbon fiber propeller shafts allows the engine to reach its peak power without any damages to the propeller shaft. Unlike steel and aluminum propeller shafts, carbon fiber propeller shafts allow more engine revs to achieve effective pulling capacity. Moreover, carbon fiber propeller shafts are less susceptible to bends compared to their steel and aluminum counterparts due to their increased torsional spring rate.

Competitive analysis and key vendors

The global commercial vehicle propeller shaft market consists of a few well-established vendors and the key vendors are currently focusing on enhancing their customer base and are increasing their investments in R&D activities. The manufacturers in the market are likely to enter long-term collaborations with the vendors as the quality of materials used and design are vital factors in managing the quality, weight, and cost of propeller shafts, that are different for each vendor.

Key vendors in the market are:

• GKN
• American Axle & Manufacturing Holdings
• ZF Friedrichshafen

Other prominent vendors include CARDONE, Dorman, Powertrain Industries, and Dana Corporation.

Segmentation by application and analysis of the commercial vehicle propeller shaft market

• LCVs
• M&HCVs

During 2016, the LCVs segment dominated the commercial vehicle propeller shaft market and is expected to continue its dominance over the next four years. The major contributor to the growth of the market is the increase in construction and inter-city activities involving the transportation of man and materials.

Geographical segmentation and analysis of the commercial vehicle propeller shaft market

• Americas
• APAC
• EMEA

In terms of geography, APAC led the global commercial vehicle propeller shaft market during 2016 and is foreseen to continue the domination during the forecast period. The rise in investments in infrastructural development and the requirement of commercial vehicles by construction companies for transportation facilities in countries such as China and India, will drive the market for commercial vehicles in APAC, which will subsequently drive market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global commercial vehicle propeller shaft market?
• What are the key market trends impacting the growth of the global commercial vehicle propeller shaft market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial vehicle propeller shaft market?
• What are the market opportunities and threats faced by the vendors in the global commercial vehicle propeller shaft market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global commercial vehicle propeller shaft market?

Technavio also offers customization on reports based on specific client requirement.

Commercial vehicle propeller shaft is a type of an axle that is manufactured specifically for commercial vehicles to transfer torque to the rear wheels of an RWD commercial vehicles. Automakers are predisposed to develop smarter and energy efficient cars. As a result, they are raising the efficiency of their vehicles by replacing mechanical parts with electrical counterpart and reduce the number of moving components. With an increasing number of automaker attempting to gain higher market share, the upcoming industry research report from Technavio on commercial vehicle propeller shaft market for the forecast period of 2017 to 2021 will support businesses develop sustainable growth strategies. Furthermore, to provide actionable intelligence alongside the market size of various segments coupled with the breakdown of the market in terms of geographical impact, our industry research experts identify and analyze factors that play a pivotal role in the growth of the automotive sector. Additionally, by studying the current market scenario for multiple automotive sectors like automotive components, automotive electronics, and automotive manufacturing, our market research analysts have identified factors that will prove crucial to the growth of the vendors in global along with the regional markets.

 By considering a triangulated research approach of primary and secondary data collection methods and by covering various factors including the rising demand for a diverse array of products across geographical regions, market research analysts offer insights in the automotive services and automotive accessories sectors which will help clients deliver effective business strategies. Moreover, to confer clients frame new strategies for higher market penetration, our impending research report on commercial vehicle propeller shaft market for the forecast period of 2017 to 2021 offers extensive insights inferred from the data collected from primary and secondary sources.

According to our market research analysts, countries that deal with a large inventory that has to be transported to various locations of interest like the port, warehouse is expected to contribute significantly to this market’s growth. Moreover, rising urbanization and construction activities in developing countries like India and China may propel the growth of the commercial vehicle propeller shaft market in the coming years. This research report on commercial vehicle propeller shaft market also considers the growth of similar markets such as automotive alternator market and automotive air suspension market in the automotive sector, which are predicted to steadily grow at a CAGR of around 4% and 5% and during the period 2017 to 2021.

The upcoming report for commercial vehicle propeller shaft market also identifies the major drivers, upcoming trends, along with the challenges currently experienced by the automotive component sector. In order to offer a holistic view of the future direction of the automotive industry, this market research report offers insights into the dynamically changing competitive landscape along with the products and services offered by key vendors and their presence across various geographical regions.