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Commercial Vehicle Propeller Shaft Market Trends

Report ID: GMI12284
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Published Date: November 2024
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Report Format: PDF

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Commercial Vehicle Propeller Shaft Market Trends

Companies in the commercial vehicle propeller shaft industry are transitioning to the EV market to align with growing global demand for electric vehicles, driven by stricter emissions regulations and sustainability goals. EVs require specialized components, opening opportunities for innovation in electric drive systems, which are essential for future vehicle architectures. Additionally, expanding EV infrastructure and government incentives are boosting the profitability of EV-focused products. This shift enables companies to capture emerging market segments, stay competitive, and contribute to the push for carbon-neutral transportation solutions.
 

For instance, in June 2023, GKN Automotive introduced an innovative, off-the-shelf electric drive shaft, the "eCrate" concept, targeting niche electric vehicle manufacturers and the EV conversion market. This modular, plug-and-play design offers flexibility with options like a 2-in-1 system (motor and transmission) or a 3-in-1 system (motor, transmission, and inverter) available in 113kW and 185kW outputs.
 

The concept allows smaller manufacturers to access GKN's market-proven eDrive technology, enhancing affordability and performance for low-volume production. This approach is expected to support the transition to electrification, especially among startups, by offering scalable, efficient solutions that can be easily integrated into various EV models.
 

One major challenge in the commercial vehicle propeller shaft industry is the high cost of advanced materials and manufacturing technology. As companies increasingly prioritize lightweight designs to improve fuel efficiency, materials like aluminum and carbon fiber are used more frequently; however, these materials are significantly more expensive than traditional steel. Manufacturing processes also need to be upgraded to handle these materials, leading to higher production costs. This can drive up prices for end consumers, potentially limiting demand in cost-sensitive markets. Additionally, small and medium-sized manufacturers may struggle to afford these advancements, impacting competition and market diversity.

Authors: Preeti Wadhwani, Satyam Jaiswal
Frequently Asked Question(FAQ) :
Who are the major players in the commercial vehicle propeller shaft industry?
The key players in the industry include Aisin Seiki, BorgWarner, Cardan Shaft, Cummins, Eaton, GKN Automotive, Schaeffler, and ZF Friedrichshafen.
How much is the China commercial vehicle propeller shaft market worth?
What is the size of the light commercial vehicles (LCVs) segment in the propeller shaft industry?
How big is the commercial vehicle propeller shaft market?
Commercial Vehicle Propeller Shaft Market Scope

Report Content

Chapter 1   Methodology & Scope

1.1    Research design

1.1.1    Research approach

1.1.2    Data collection methods

1.2    Base estimates and calculations

1.2.1    Base year calculation

1.2.2    Key trends for market estimates

1.3    Forecast model

1.4    Primary research & validation

1.4.1    Primary sources

1.4.2    Data mining sources

1.5    Market definitions

Chapter 2   Executive Summary

2.1    Industry 3600 synopsis, 2021 - 2034

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.2    Supplier landscape

3.2.1    Propeller shaft manufacturers

3.2.2    Distributors

3.2.3    OEM customers

3.3    Profit margin analysis

3.4    Pricing analysis of commercial propeller shaft

3.5    Case studies

3.6    Technology & innovation landscape

3.7    Key news & initiatives

3.8    Regulatory landscape

3.9    Impact forces

3.9.1    Growth drivers

3.9.1.1    Rising demand for fuel efficiency and reduced emissions in commercial vehicles

3.9.1.2    Growth in e-commerce and logistics, increasing the need for commercial vehicle fleets

3.9.1.3    Advancements in lightweight materials for propeller shafts to enhance vehicle performance

3.9.1.4    Increasing adoption of electric and hybrid commercial vehicles, which require specialized shaft designs

3.9.2    Industry pitfalls & challenges

3.9.2.1    High cost of advanced, lightweight materials, impacting overall production costs

3.9.2.2    Supply chain disruptions affecting the availability of raw materials and components for propeller shafts

3.10    Growth potential analysis

3.11    Porter’s analysis

3.12    PESTEL analysis

Chapter 4   Competitive Landscape, 2024

4.1    Introduction

4.2    Company market share analysis

4.3    Competitive positioning matrix

4.4    Strategic outlook matrix

Chapter 5   Market Estimates & Forecast, By Material, 2021 - 2034 ($Bn, Units)

5.1    Key trends

5.2    Steel

5.3    Aluminum

5.4    Copper alloy

5.5    Others

Chapter 6   Market Estimates & Forecast, By Vehicle, 2021 - 2034 ($Bn, Units)

6.1    Key trends

6.2    Light Commercial Vehicles (LCVs)

6.3    Heavy Commercial Vehicles (HCVs)

Chapter 7   Market Estimates & Forecast, By Type, 2021 - 2034 ($Bn, Units)

7.1    Key trends

7.2    Single piece

7.3    Multi piece

Chapter 8   Market Estimates & Forecast, By Drive, 2021 - 2034 ($Bn, Units)

8.1    Key trends

8.2    Rear-Wheel Drive (RWD)

8.3    Front-Wheel Drive (FWD)

8.4    All-Wheel Drive (AWD)

Chapter 9   Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn, Units)

9.1    Key trends

9.2    North America

9.2.1    U.S.

9.2.2    Canada

9.3    Europe

9.3.1    UK

9.3.2    Germany

9.3.3    France

9.3.4    Spain

9.3.5    Italy

9.3.6    Russia

9.3.7    Nordics

9.4    Asia Pacific

9.4.1    China

9.4.2    India

9.4.3    Japan

9.4.4    South Korea

9.4.5    ANZ

9.4.6    Southeast Asia

9.5    Latin America

9.5.1    Brazil

9.5.2    Mexico

9.5.3    Argentina

9.6    MEA

9.6.1    UAE

9.6.2    South Africa

9.6.3    Saudi Arabia

Chapter 10   Company Profiles

10.1    Aisin Seiki Co., Ltd.

10.2    American Axle & Manufacturing (AAM)

10.3    Ashok Leyland

10.4    BorgWarner Inc.

10.5    Cardan Shaft Ltd.

10.6    Dana Incorporated

10.7    Eaton Corporation

10.8    Fawer Automotive Parts Ltd.

10.9    GKN Automotive

10.10    Hyundai Wia Corporation

10.11    Jiangsu Pacific Precision Forging Co., Ltd.

10.12    JTEKT Corporation

10.13    Meritor, Inc.

10.14    Mitsubishi Motors Corporation

10.15    Neapco

10.16    Rheinmetall Automotive AG

10.17    Schaeffler AG

10.18    Sona BLW Precision Forgings Ltd.

10.19    Timken Company

10.20    ZF Friedrichshafen AG

   

Authors: Preeti Wadhwani, Satyam Jaiswal
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Premium Report Details

Base Year: 2024

Companies covered: 20

Tables & Figures: 200

Countries covered: 21

Pages: 180

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