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 Porterβs 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
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.
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