Table of Content

1 INTRODUCTION 30
1.1 OBJECTIVES OF THE STUDY 30
1.2 MARKET DEFINITION 30
1.3 MARKET SCOPE 31
FIGURE 1 AUTOMOTIVE AXLE & PROPELLER SHAFT MARKET SEGMENTATION 31
1.3.1 INCLUSIONS & EXCLUSIONS 31
TABLE 1 INCLUSIONS & EXCLUSIONS FOR THE AUTOMOTIVE AXLE & PROPELLER SHAFT MARKET 31
1.3.2 YEARS CONSIDERED IN THE REPORT 32
1.4 PACKAGE SIZE 32
1.5 LIMITATIONS 32
1.6 STAKEHOLDERS 33
1.7 SUMMARY OF CHANGES MADE 33

2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 2 RESEARCH DESIGN 34
FIGURE 3 RESEARCH METHODOLOGY MODEL 35
2.1.1 SECONDARY DATA 35
2.1.1.1 Key secondary sources for vehicle production 35
2.1.1.2 Key secondary sources for market sizing 36
2.1.1.3 Key data from secondary sources 36
2.1.2 PRIMARY DATA 37
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION & REGION 37
2.1.3 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 38
2.1.4 PRIMARY PARTICIPANTS 38
2.2 MARKET SIZE ESTIMATION 38
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 39
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 40
FIGURE 6 DATA TRIANGULATION 40
2.4 ASSUMPTIONS 41

3 EXECUTIVE SUMMARY 42
3.1 PRE- & POST-COVID-19 SCENARIO 42
FIGURE 7 PRE- & POST-COVID-19 SCENARIO: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, 2016–2025 (USD BILLION) 42
FIGURE 8 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET SHARE,
2020 (USD MILLION) 44
3.2 AUTOMOTIVE AXLE AND PROPELLER SHAFT: MARKET OUTLOOK 45
FIGURE 9 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY REGION,
2020 & 2025 (USD MILLION) 45

4 PREMIUM INSIGHTS 47
4.1 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET TRENDS, FORECAST & OPPORTUNITIES 47
FIGURE 10 INCREASED FOCUS ON WEIGHT REDUCTION AND OPTIMIZED VEHICLE PERFORMANCE PROMPT USAGE OF LIGHTWEIGHT MATERIALS WHICH BRING LUCRATIVE OPPORTUNITIES FOR AXLE AND PROPELLER SHAFT MANUFACTURERS 47
4.2 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY 48
FIGURE 11 CHINA IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 48
4.3 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE 48
FIGURE 12 AXLE SEGMENT TO ACCOUNT FOR THE LARGER SHARE IN THE AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, 2020 VS. 2025 (USD MILLION) 48
4.4 AUTOMOTIVE AXLE MARKET, BY TYPE 49
FIGURE 13 LIVE AXLE SEGMENT TO LEAD THE MARKET DURING THE FORECAST PERIOD, 2020 VS.2025 (USD MILLION) 49
4.5 AUTOMOTIVE AXLE MARKET, BY POSITION 49
FIGURE 14 REAR AXLE SEGMENT PROJECTED TO LEAD THE MARKET,
2020 VS.2025 (USD MILLION) 49
4.6 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE 50
FIGURE 15 SINGLE PIECE SEGMENT PROJECTED TO LEAD THE MARKET,
2020 VS.2025 (USD MILLION) 50
4.7 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL 50
FIGURE 16 ALLOY SEGMENT PROJECTED TO DOMINATE THE MARKET,
2020 VS. 2025 (USD MILLION) 50

5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
FIGURE 17 GROWING DEMAND FOR LIGHT WEIGHT VEHICLES PLAYS PIVOTAL ROLE IN DRIVING THIS MARKET 51
5.2.1 DRIVERS 52
5.2.1.1 Technological advancements 52
5.2.1.2 Changing end user preference 52
5.2.2 RESTRAINTS 52
5.2.2.1 Fluctuating prices of raw materials 52
TABLE 2 COMPARISON OF AUTOMOTIVE RAW MATERIAL PRICE VS. CONVENTIONAL RAW MATERIAL PRICE 53
5.2.2.2 Vehicle recall and regulatory concerns 53
5.2.3 OPPORTUNITIES 53
5.2.3.1 Growing market for AWD vehicles 53
5.2.3.2 Growing demand for aluminum propeller shaft 54
TABLE 3 WEIGHT REDUCTION GOALS FOR LIGHT DUTY VEHICLES 54
5.2.3.3 Ongoing trend for e-mobility 54
TABLE 4 BATTERY ELECTRIC VEHICLE SALES, BY COUNTRY, 2017 VS. 2018 (UNITS) 55
5.2.4 CHALLENGES 55
5.2.4.1 Growing government initiative for Weight and cost reduction 55
5.3 IMPACT OF MARKET DYNAMICS 56
TABLE 5 AXLE AND PROPELLER SHAFT MARKET: IMPACT OF MARKET DYNAMICS 56
5.4 PORTER’S FIVE FORCE ANALYSIS 57
FIGURE 18 PORTER’S FIVE FORCES MODEL 57
TABLE 6 PORTER’S FIVE FORCES ANALYSIS 57
5.4.1 THREAT OF NEW ENTRANTS 58
FIGURE 19 INITIAL INVESTMENT COUPLED WITH THE EXISTING COMPETITION IN THE AUTOMOTIVE AXLE AND PROPELLER SHAFT INDUSTRY HAS THE HIGHEST IMPACT ON MARKET ENTRANTS 58
5.4.2 THREAT FROM SUBSTITUTES 58
FIGURE 20 RISING DEMAND FOR FRONT WHEEL DRIVE VEHICLES IMPACTS THREAT OF SUBSTITUTES 59
5.4.3 BARGAINING POWER OF SUPPLIERS 59
FIGURE 21 HIGHER SUPPLIER CONCENTRATION & LOW PRODUCT DIFFERENTIATION TO SUPPLIER IMPACTS THE BARGAINING POWER OF SUPPLIERS 59
5.4.4 BARGAINING POWER OF BUYERS 60
FIGURE 22 LIMITED NUMBER OF BUYERS LEADS TO AN INCREASE IN THEIR BARGAINING POWER 60
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 60
FIGURE 23 ESTABLISHED PLAYERS IN THIS MARKET AFFECTS THE INTENSITY OF COMPETITIVE RIVALRY 61

6 ONGOING INNOVATIONS IN THE AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET 62

7 COVID-19 IMPACT ANALYSIS 63
7.1 COVID-19 IMPACT ANALYSIS ON THE AUTOMOTIVE MARKET 63
TABLE 7 EUROPE: LOSS IN VEHICLE PRODUCTION DUE TO PLANT SHUTDOWNS,
BY COUNTRY, (UNITS) 63
FIGURE 24 AUTOMOTIVE PRODUCTION: PRE- VS. POST-COVID-19 SCENARIO,
2017–2025 (?000 UNITS) 64
TABLE 8 AUTOMOTIVE PRODUCTION: PRE- VS. POST-COVID-19 SCENARIO,
2017–2025 (?000 UNITS) 64
7.2 COVID-19 IMPACT ANALYSIS ON AUTOMOTIVE AXLE AND PROPELLAR SHAFT MARKET 65
7.2.1 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET SCENARIO ANALYSIS 66
FIGURE 25 AUTOMOTIVE AXLE AND PROPELLAR SHAFT MARKET SCENARIO,
2017-2025 (USD MILLION) 66
7.2.1.1 Realistic scenario 66
TABLE 9 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET (REALISTIC SCENARIO), BY REGION, 2017–2025 (USD MILLION) 67
7.2.1.2 Low impact scenario 67
TABLE 10 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET (LOW IMPACT SCENARIO), BY REGION, 2017–2025 (USD MILLION) 67
7.2.1.3 High impact scenario 68
TABLE 11 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET (HIGH IMPACT SCENARIO), BY REGION, 2017–2025 (MILLION USD) 68

8 AUTOMOTIVE AXLE MARKET, BY TYPE 69
8.1 INTRODUCTION 70
8.1.1 RESEARCH METHODOLOGY 70
8.1.2 ASSUMPTIONS/LIMITATIONS 70
8.1.3 INDUSTRY INSIGHTS 71
FIGURE 26 AUTOMOTIVE AXLE MARKET, BY TYPE, 2020–2025 (USD MILLION) 71
TABLE 12 AUTOMOTIVE AXLE MARKET, BY TYPE, 2016–2019 (?000 UNITS) 71
TABLE 13 AUTOMOTIVE AXLE MARKET, BY TYPE, 2016–2019 (USD MILLION) 72
TABLE 14 AUTOMOTIVE AXLE MARKET, BY TYPE, 2020–2025 (?000 UNITS) 72
TABLE 15 AUTOMOTIVE AXLE MARKET, BY TYPE, 2020–2025 (USD MILLION) 72
8.2 DEAD 73
8.2.1 ASIA OCEANIA HOLDS THE LARGEST SHARE FOR DEAD AXLE MARKET 73
TABLE 16 PASSENGER CAR DEAD AXLE MARKET, BY REGION, 2016–2019 (?000 UNITS) 73
TABLE 17 PASSENGER CAR DEAD AXLE MARKET, BY REGION,
2016–2019 (USD MILLION) 73
TABLE 18 PASSENGER CAR DEAD AXLE MARKET, BY REGION, 2020–2025 (?000 UNITS) 74
TABLE 19 PASSENGER CAR DEAD AXLE MARKET, BY REGION,
2020–2025 (USD MILLION) 74
TABLE 20 LCV DEAD AXLE MARKET, BY REGION, 2016–2019 (?000 UNITS) 74
TABLE 21 LCV DEAD AXLE MARKET, BY REGION, 2016–2019(USD MILLION) 75
TABLE 22 LCV DEAD AXLE MARKET, BY REGION, 2020–2025 (?000 UNITS) 75
TABLE 23 LCV DEAD AXLE MARKET, BY REGION, 2020–2025 (USD MILLION) 75
TABLE 24 HCV DEAD AXLE MARKET, BY REGION, 2016–2019 (?000 UNITS) 76
TABLE 25 HCV DEAD AXLE MARKET, BY REGION, 2016–2019 (USD MILLION) 76
TABLE 26 HCV DEAD AXLE MARKET, BY REGION, 2020–2025 (?000 UNITS) 76
TABLE 27 HCV DEAD AXLE MARKET, BY REGION, 2020–2025 (USD MILLION) 77
8.3 LIVE AXLE 77
8.3.1 LIVE AXLE LEADS THE MARKET, BY POSITION 77
TABLE 28 PASSENGER CAR LIVE AXLE MARKET, BY REGION, 2016–2019 (?000 UNITS) 77
TABLE 29 PASSENGER CAR LIVE AXLE MARKET, BY REGION,
2016–2019 (USD MILLION) 78
TABLE 30 PASSENGER CAR LIVE AXLE MARKET, BY REGION, 2020–2025 (?000 UNITS) 78
TABLE 31 PASSENGER CAR LIVE AXLE MARKET, BY REGION,
2020–2025 (USD MILLION) 78
TABLE 32 LCV LIVE AXLE MARKET, BY REGION, 2016–2019 (?000 UNITS) 79
TABLE 33 LCV LIVE AXLE MARKET, BY REGION, 2016–2019 (USD MILLION) 79
TABLE 34 LCV LIVE AXLE MARKET, BY REGION, 2020–2025 (?000 UNITS) 79
TABLE 35 LCV LIVE AXLE MARKET, BY REGION, 2020–2025 (USD MILLION) 80
TABLE 36 HCV LIVE AXLE MARKET, BY REGION, 2016–2019 (?000 UNITS) 80
TABLE 37 HCV LIVE AXLE MARKET, BY REGION, 2016–2019 (USD MILLION) 81
TABLE 38 HCV LIVE AXLE MARKET, BY REGION, 2020–2025 (?000 UNITS) 81
TABLE 39 HCV LIVE AXLE MARKET, BY REGION, 2020–2025 (USD MILLION) 81
8.4 TANDEM 82
8.4.1 ASIA OCEANIA HOLDS THE MAXIMUM SHARE FOR TANDEM AXLE 82
TABLE 40 TANDEM AXLE MARKET, BY REGION, 2016–2019 (?000 UNITS) 82
TABLE 41 TANDEM AXLE MARKET, BY REGION, 2016–2019 (USD MILLION) 82
TABLE 42 TANDEM AXLE MARKET, BY REGION, 2020–2025 (?000 UNITS) 83
TABLE 43 TANDEM AXLE MARKET, BY REGION, 2020–2025 (USD MILLION) 83

9 AUTOMOTIVE AXLE MARKET, BY POSITION 84
9.1 INTRODUCTION 85
9.1.1 RESEARCH METHODOLOGY 85
9.1.2 ASSUMPTIONS/LIMITATIONS 85
9.1.3 INDUSTRY INSIGHTS 86
FIGURE 27 AUTOMOTIVE AXLE MARKET, BY POSITION, 2020 VS. 2025 (USD MILLION) 86
TABLE 44 AUTOMOTIVE AXLE MARKET, BY POSITION, 2016–2019 (?000 UNITS) 86
TABLE 45 AUTOMOTIVE AXLE MARKET, BY POSITION, 2016–2019(USD MILLION) 87
TABLE 46 AUTOMOTIVE AXLE MARKET, BY POSITION, 2020–2025 (?000 UNITS) 87
TABLE 47 AUTOMOTIVE AXLE MARKET, BY POSITION, 2020–2025 (USD MILLION) 87
9.2 FRONT 88
9.2.1 PASSENGER CAR DOMINATE THE AUTOMOTIVE FRONT AXLE MARKET 88
FIGURE 28 AUTOMOTIVE FRONT AXLE MARKET, BY VEHICLE TYPE,
2020-2025 (USD MILLION) 88
TABLE 48 AUTOMOTIVE FRONT AXLE MARKET, BY VEHICLE TYPE,
2016–2019 (?000 UNITS) 88
TABLE 49 AUTOMOTIVE FRONT AXLE MARKET, BY VEHICLE TYPE,
2016–2019 (USD MILLION) 89
TABLE 50 AUTOMOTIVE FRONT AXLE MARKET, BY VEHICLE TYPE,
2020–2025 (?000 UNITS) 89
TABLE 51 AUTOMOTIVE FRONT AXLE MARKET, BY VEHICLE TYPE,
2020–2025 (USD MILLION) 89
9.3 REAR AXLE 90
9.3.1 HEAVY COMMERCIAL VEHICLE LEADS THE AUTOMOTIVE REAR AXLE MARKET IN 2020 90
FIGURE 29 AUTOMOTIVE REAR AXLE MARKET, BY VEHICLE TYPE,
2020-2025 (USD MILLION) 90
TABLE 52 AUTOMOTIVE REAR AXLE MARKET, BY VEHICLE TYPE,
2016–2019 (?000 UNITS) 90
TABLE 53 AUTOMOTIVE REAR AXLE MARKET, BY VEHICLE TYPE,
2016–2019 (USD MILLION) 91
TABLE 54 AUTOMOTIVE REAR AXLE MARKET, BY VEHICLE TYPE,
2020–2025 (?000 UNITS) 91
TABLE 55 AUTOMOTIVE REAR AXLE MARKET, BY VEHICLE TYPE,
2020–2025 (USD MILLION) 91

10 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE 92
10.1 INTRODUCTION 93
10.1.1 RESEARCH METHODOLOGY 93
10.1.2 ASSUMPTIONS/LIMITATIONS 93
10.1.3 INDUSTRY INSIGHTS 94
FIGURE 30 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE,
2020–2025 (USD MILLION) 94
TABLE 56 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE,
2016–2019 (?000 UNITS) 94
TABLE 57 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE,
2016–2019 (USD MILLION) 95
TABLE 58 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE, 2020–2025(?000 UNITS) 95
TABLE 59 AUTOMOTIVE PROPELLER SHAFT MARKET, BY TYPE,
2020–2025 (USD MILLION) 95
10.2 SINGLE PIECE 96
10.2.1 SINGLE PIECE DOMINATE THE AUTOMOTIVE PROPELLER SHAFT MARKET 96
TABLE 60 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY REGION,
2016–2019 (?000 UNITS) 96
TABLE 61 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY REGION,
2016–2019 (USD MILLION) 96
TABLE 62 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (?000 UNITS) 97
TABLE 63 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (USD MILLION) 97
TABLE 64 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY VEHICLE TYPE, 2016–2019 (?000 UNITS) 98
TABLE 65 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY VEHICLE TYPE, 2016–2019 (USD MILLION) 98
TABLE 66 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY VEHICLE TYPE, 2020–2025 (?000 UNITS) 98
TABLE 67 SINGLE PIECE: AUTOMOTIVE PROPELLER SHAFT MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION) 99
TABLE 68 PASSENGER CAR: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (?000 UNITS) 99
TABLE 69 PASSENGER CAR: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (USD MILLION) 100
TABLE 70 PASSENGER CAR: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (?000 UNITS) 100
TABLE 71 PASSENGER CAR: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (USD MILLION) 100
TABLE 72 LCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION,
2016–2019 (?000 UNITS) 101
TABLE 73 LCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION,
2016–2019 (USD MILLION) 101
TABLE 74 LCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (?000 UNITS) 101
TABLE 75 LCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (USD MILLION) 102
TABLE 76 HCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION,
2016–2019 (?000 UNITS) 102
TABLE 77 HCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION,
2016–2019 (USD MILLION) 102
TABLE 78 HCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (?000 UNITS) 103
TABLE 79 HCV: SINGLE PIECE PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (USD MILLION) 103
10.3 MULTI PIECE 104
10.3.1 TRUCKS HELD THE MAXIMUM SHARE IN 2020 FOR MULTI PIECE PROPELLER SHAFT 104
TABLE 80 MULTI PIECE: PROPELLER SHAFT MARKET, BY VEHICLE TYPE,
2016–2019 (?000 UNITS) 104
TABLE 81 MULTI PIECE: PROPELLER SHAFT MARKET, BY VEHICLE TYPE,
2016-2019 (USD MILLION) 104
TABLE 82 MULTI PIECE: PROPELLER SHAFT MARKET, BY VEHICLE TYPE,
2020–2025 (?000 UNITS) 104
TABLE 83 MULTI PIECE: PROPELLER SHAFT MARKET, BY VEHICLE TYPE,
2020–2025 (USD MILLION) 105
TABLE 84 HCV: MULTI PIECE PROPELLER SHAFT MARKET, BY REGION,
2016–2019 (?000 UNITS) 105
TABLE 85 HCV: MULTI PIECE PROPELLER SHAFT MARKET, BY REGION,
2016-2019 (USD MILLION) 105
TABLE 86 HCV: MULTI PIECE PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (?000 UNITS) 106
TABLE 87 HCV: MULTI PIECE PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (USD MILLION) 106

11 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL 107
11.1 INTRODUCTION 108
11.1.1 RESEARCH METHODOLOGY 108
11.1.2 ASSUMPTIONS/LIMITATIONS 108
11.1.3 INDUSTRY INSIGHTS 109
FIGURE 31 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL,
2020-2025 (USD MILLION) 109
TABLE 88 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL,
2016–2019 (?000 UNITS) 109
TABLE 89 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL,
2016-2019 (USD MILLION) 110
TABLE 90 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL,
2020–2025 (?000 UNITS) 110
TABLE 91 PASSENGER CAR PROPELLER SHAFT MARKET, BY MATERIAL,
2020–2025 (USD MILLION) 110
_
11.2 ALLOY 111
11.2.1 ALLOY PROPELLER SHAFT TO LEAD THE GLOBAL PASSENGER CAR MARKET 111
TABLE 92 ALLOY: PASSENGER CAR PROPELLER SHAFT MARKET, BY REGION,
2016-2019 (?000 UNITS) 111
TABLE 93 ALLOY: PASSENGER CAR PROPELLER SHAFT MARKET, BY REGION,
2016-2019 (USD MILLION) 111
TABLE 94 ALLOY: PASSENGER CAR PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (?000 UNITS) 112
TABLE 95 ALLOY: PASSENGER CAR PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (USD MILLION) 112
11.3 CARBON FIBER 113
11.3.1 CARBON FIBER IS ANTICIPATED TO BE THE FASTEST GROWING MARKET DURING THE FORECAST PERIOD 113
TABLE 96 CARBON FIBER: PASSENGER CAR PROPELLER SHAFT MARKET, BY REGION, 2016-2019 (?000 UNITS) 113
TABLE 97 CARBON FIBER: PASSENGER CAR CARBON FIBER PROPELLER SHAFT MARKET, BY REGION, 2016–2019 (USD MILLION) 113
TABLE 98 CARBON FIBER: PASSENGER CAR PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (?000 UNITS) 114
TABLE 99 CARBON FIBER: PASSENGER CAR CARBON FIBER PROPELLER SHAFT MARKET, BY REGION, 2020–2025 (USD MILLION) 114
12 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY REGION 116
12.1 INTRODUCTION 117
12.1.1 RESEARCH METHODOLOGY 117
12.1.2 ASSUMPTIONS/LIMITATIONS 117
12.1.3 INDUSTRY INSIGHTS 118
FIGURE 32 AUTOMOTIVE AXLE & PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (USD MILLION) 118
TABLE 100 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY REGION,
2016–2019 (?OOO UNITS) 119
TABLE 101 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY REGION,
2016–2019 (USD MILLION) 119
TABLE 102 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (?OOO UNITS) 119
TABLE 103 AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY REGION,
2020–2025 (USD MILLION) 120
12.2 ASIA OCEANIA 120
FIGURE 33 ASIA OCEANIA: AUTOMOTIVE AXLE & PROPELLER SHAFT MARKET SNAPSHOT 122
TABLE 104 ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY COUNTRY, 2016–2019 (?000 UNITS) 122
TABLE 105 ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY COUNTRY, 2016–2019 (USD MILLION) 123
TABLE 106 ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY COUNTRY, 2020–2025 (?000 UNITS) 123
TABLE 107 ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY COUNTRY, 2020–2025 (USD MILLION) 123
_
12.2.1 CHINA 124
12.2.1.1 China is estimated to be the largest market in Asia Oceania 124
TABLE 108 CHINA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 124
TABLE 109 CHINA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 124
TABLE 110 CHINA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 124
TABLE 111 CHINA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION) 125
12.2.2 JAPAN 125
12.2.2.1 Japan is the second biggest market in Asia 125
TABLE 112 JAPAN: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 125
TABLE 113 JAPAN: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 125
TABLE 114 JAPAN: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 126
TABLE 115 JAPAN: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION) 126
12.2.3 SOUTH KOREA 126
12.2.3.1 South Korea is estimated to be third fastest growing market in
Asia Oceania by value 126
TABLE 116 SOUTH KOREA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 126
TABLE 117 SOUTH KOREA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 127
TABLE 118 SOUTH KOREA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 127
TABLE 119 SOUTH KOREA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION) 127
12.2.4 INDIA 128
12.2.4.1 India is anticipated to be the fastest growing market in Asia Oceania during the forecast period by production 128
TABLE 120 INDIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 128
TABLE 121 INDIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 128
TABLE 122 INDIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 128
TABLE 123 INDIA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION) 129
12.2.5 REST OF ASIA OCEANIA 129
12.2.5.1 Axle is estimated to be the largest market in Rest of Asia Oceania 129
TABLE 124 REST OF ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET,
BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 129
TABLE 125 REST OF ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET,
BY PRODUCT TYPE, 2016–2019 (USD MILLION) 129
TABLE 126 REST OF ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET,
BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 130
TABLE 127 REST OF ASIA OCEANIA: AUTOMOTIVE AXLE AND PROPELLER MARKET,
BY PRODUCT TYPE, 2020–2025 (USD MILLION) 130
12.3 EUROPE 130
TABLE 128 EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2016–2019 (?000 UNITS) 131
TABLE 129 EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2016–2019 (USD MILLION) 131
TABLE 130 EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2020–2025 (?000 UNITS) 131
TABLE 131 EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2020–2025 (USD MILLION) 132
12.3.1 GERMANY 132
12.3.1.1 Germany is estimated to be the largest market in Europe by value
and volume 132
TABLE 132 GERMANY: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 132
TABLE 133 GERMANY: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY PRODUCT TYPE, 2016–2019 (USD MILLION) 133
TABLE 134 GERMANY: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 133
TABLE 135 GERMANY: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY PRODUCT TYPE, 2020–2025 (USD MILLION) 133
12.3.2 FRANCE 134
12.3.2.1 France is estimated to be the second fastest growing market by value 134
TABLE 136 FRANCE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 134
TABLE 137 FRANCE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY PRODUCT TYPE, 2016–2019 (USD MILLION) 134
TABLE 138 FRANCE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 134
TABLE 139 FRANCE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY PRODUCT TYPE, 2020–2025 (USD MILLION) 135
12.3.3 UK 135
12.3.3.1 Axle is estimated to be the largest market, by product type in UK 135
TABLE 140 UK: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 135
TABLE 141 UK: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 135
TABLE 142 UK: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 136
TABLE 143 UK: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION) 136
12.3.4 REST OF EUROPE 136
12.3.4.1 Rest of Europe is the largest market for Axle & Propeller shaft 136
TABLE 144 REST OF EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 136
TABLE 145 REST OF EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY PRODUCT TYPE, 2016–2019 (USD MILLION) 137
TABLE 146 REST OF EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 137
TABLE 147 REST OF EUROPE: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY PRODUCT TYPE, 2020–2025 (USD MILLION) 137
12.4 NORTH AMERICA 138
FIGURE 34 NORTH AMERICA: AUTOMOTIVE AXLE & PROPELLER SHAFT MARKET SNAPSHOT 139
TABLE 148 NORTH AMERICA: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY COUNTRY, 2016–2019 (?000 UNITS) 139
TABLE 149 NORTH AMERICA: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY COUNTRY, 2016–2019 (USD MILLION) 140
TABLE 150 NORTH AMERICA: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY COUNTRY, 2020–2025 (?000 UNITS) 140
TABLE 151 NORTH AMERICA: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET,
BY COUNTRY, 2020–2025 (USD MILLION) 140
12.4.1 US 141
12.4.1.1 US is estimated to be the largest market for North America 141
TABLE 152 US: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 141
TABLE 153 US: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE,
2016–2019 (USD MILLION) 141
TABLE 154 US: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 141
TABLE 155 US: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE,
2020–2025 (USD MILLION) 142
12.4.2 CANADA 142
12.4.2.1 Axle is estimated to be the largest market for Canada in 2020 142
TABLE 156 CANADA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 142
TABLE 157 CANADA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 142
TABLE 158 CANADA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 143
TABLE 159 CANADA: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION) 143
12.4.3 MEXICO 143
12.4.3.1 Mexico is anticipated to be the fastest growing market in
North America 143
TABLE 160 MEXICO: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 143
TABLE 161 MEXICO: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 144
TABLE 162 MEXICO: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 144
TABLE 163 MEXICO: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION) 144
12.5 REST OF THE WORLD 145
TABLE 164 ROW: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2016–2019 (?000 UNITS) 145
TABLE 165 ROW: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2016–2019 (USD MILLION) 145
TABLE 166 ROW: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2020–2025 (?000 UNITS) 146
TABLE 167 ROW: AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKET, BY COUNTRY, 2020–2025 (USD MILLION) 146
12.5.1 SOUTH AFRICA 147
12.5.1.1 Axle is estimated to be the largest market for South Africa 147
TABLE 168 SOUTH AFRICA: AUTOMOTIVE AXLE AND PROPELLER MARKET,
BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 147
TABLE 169 SOUTH AFRICA: AUTOMOTIVE AXLE AND PROPELLER MARKET,
BY PRODUCT TYPE, 2016–2019 (USD MILLION) 147
TABLE 170 SOUTH AFRICA: AUTOMOTIVE AXLE AND PROPELLER MARKET,
BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 147
TABLE 171 SOUTH AFRICA: AUTOMOTIVE AXLE AND PROPELLER MARKET,
BY PRODUCT TYPE, 2020–2025 (USD MILLION) 148
12.5.2 BRAZIL 148
12.5.2.1 Brazil is anticipated to be the largest as well as fastest growing market in RoW 148
TABLE 172 BRAZIL: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 148
TABLE 173 BRAZIL: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2016–2019 (USD MILLION) 148
TABLE 174 BRAZIL: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 149
TABLE 175 BRAZIL: AUTOMOTIVE AXLE AND PROPELLER MARKET, BY PRODUCT TYPE, 2020–2025 (USD MILLION) 149
12.5.3 REST OF ROW 149
12.5.3.1 Axle is estimated to be the largest Rest of RoW market in 2020 149
TABLE 176 REST OF ROW: AUTOMOTIVE AXLE AND PROPELLER MARKET,
BY PRODUCT TYPE, 2016–2019 (?000 UNITS) 149
TABLE 177 REST OF ROW: AUTOMOTIVE AXLE AND PROPELLER MARKET,
BY PRODUCT TYPE, 2016–2019 (USD MILLION) 150
TABLE 178 REST OF ROW: AUTOMOTIVE AXLE AND PROPELLER MARKET,
BY PRODUCT TYPE, 2020–2025 (?000 UNITS) 150
TABLE 179 REST OF ROW: AUTOMOTIVE AXLE AND PROPELLER MARKET,
BY PRODUCT TYPE, 2020–2025 (USD MILLION) 150

13 ADJACENT MARKETS 151
13.1 ADJACENT & RELATED MARKETS 151
13.1.1 INTRODUCTION 151
TABLE 180 ADJACENT MARKETS OF AUTOMOTIVE AXLE AND PROPELLER SHAFT MARKETS 151
13.2 LIMITATIONS 152
13.3 AUTOMOTIVE AXLE AND PROPELLER SHAFT ECOSYSTEM & INTERCONNECTED MARKETS 152
FIGURE 35 AUTOMOTIVE AXLE AND PROPELLER SHAFT ECOSYSTEM & INTERCONNECTED MARKETS 152
13.4 AUTOMOTIVE DIFFERENTIAL MARKET 153
13.4.1 MARKET DEFINITION 153
13.4.2 MARKET OVERVIEW 154
FIGURE 36 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION
2018 VS. 2021 (MILLION USD) 154
13.4.3 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION 155
TABLE 181 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2016–2025 (?000 UNITS) 155
TABLE 182 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION,
2016–2025 (USD MILLION) 155
13.5 AUTOMOTIVE SUSPEN