Axle & Shaft for Pickup and Trucks is a mechanical part that translates the torque generated by a vehicle's engine into usable motive force to propel the vehicle. Axle & Shaft for Pickup and Trucks can be divided into propeller shaft and half shaft. The propeller shaft deliver power from an engine/transmission to the other end of the vehicle before it goes to the wheels. It is used on front engine rear wheel drive and most 4 wheel drive vehicles it couples the transmission with the rear differential. There is also a pair of shorter drive shafts often used to carry torque from a transaxle to the wheels. It is used in all kinds of vehicles and the number of half shafts varied with the drive mode.
Market Analysis and Insights: Global Axle & Shaft for Pickup and Trucks Market
Due to the COVID-19 pandemic, the global Axle & Shaft for Pickup and Trucks market size is estimated to be worth US$ 3553 million in 2021 and is forecast to a readjusted size of US$ 3553 million by 2028 with a CAGR of 1.3% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Axle & Shaft for Pickup and Trucks global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
The major players in global Axle & Shaft for Pickup and Trucks market include GKN, NTN, Dana, etc. The top 3 players occupy about 45% shares of the global market. North America and China are main markets, they occupy about 65% of the global market. Half Type is the main type, with a share about 60%. Trucks is the main application, which holds a share about 70%.
Global Axle & Shaft for Pickup and Trucks Scope and Market Size
The global Axle & Shaft for Pickup and Trucks market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Axle & Shaft for Pickup and Trucks market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Propeller Type
Half Type
Segment by Application
Trucks
Pickup
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
GKN
NTN
Dana
AAM
Neapco
JTEKT
SAT
Nexteer
Hyundai-wia
IFA Rotorion
Meritor
Wanxiang Qianchao
Fawer
Danchuan