Global Axle & Shaft for Pickup and Trucks Market Insights and Forecast to 2028

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$ 3603.1 million in 2022 and is forecast to a readjusted size of US$ 3893.5 million by 2028 with a CAGR of 1.3% during the review period. Fully considering the economic change by this health crisis, Propeller 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 Trucks 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%.
In terms of production side, this report researches the Axle & Shaft for Pickup and Trucks capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Axle & Shaft for Pickup and Trucks by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Axle & Shaft for Pickup and Trucks Scope and Segment
Axle & Shaft for Pickup and Trucks market is segmented 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 production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Propeller Type
Half Type
Segment by Application
Trucks
Pickup
By Company
GKN
NTN
Dana
AAM
Neapco
JTEKT
SAT
Nexteer
Hyundai-wia
IFA Rotorion
Meritor
Wanxiang Qianchao
Fawer
Danchuan
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE