According to Stratistics MRC, the Global Automotive Propeller Shaft market is estimated at $xx million in 2016 and is expected to reach $xx million by 2022 growing at a CAGR of xx% from 2016 to 2022. Government regulatory policies motivates manufacturers to invest in R & D and growing demand for automotive, mainly passenger cars, which in turn leads to improved vehicle production are some of the factors propelling the market growth. However, factors such as rising cost of raw materials and economic imbalances existing in some of the main regions are hampering the market. Asia pacific held the largest market share as there is an increase in global automotive production and sales, thus the region is anticipated to remain as the major market in terms of demand both from aftermarket replacement demands and OEMs.
Some of the key players in the market include ZF Friedrichshafen AG, SHOWA Corporation, Meritor, Inc., Hitachi Automotive Systems America, Inc., GKN PLC, Dana Holding Corporation, American Axle & Manufacturing Holdings, Inc., Hyundai Wia Corporation, Gestamp, JTEKT Corporation, IFA RotorionHolding GmbH and RSB Global.
Shaft Positions Covered:
Material Types Covered:
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Sales Channels Covered:
Vehicle Types Covered:
Heavy commercial vehicles
Buses & Coaches
Premium & Luxury
Light commercial vehicles
Rest of Europe
Rest of Asia Pacific
Rest of the World
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