Global Commercial Vehicle Propeller Shaft Industry

Global Commercial Vehicle Propeller Shaft Industry

  • April 2021 •
  • 180 pages •
  • Report ID: 5956408 •
  • Format: PDF
Abstract:
- Global Commercial Vehicle Propeller Shaft Market to Reach 20.6 Million Units by 2027
- Amid the COVID-19 crisis, the global market for Commercial Vehicle Propeller Shaft estimated at 14.8 Million Units in the year 2020, is projected to reach a revised size of 20.6 Million Units by 2027, growing at aCAGR of 4.8% over the period 2020-2027. LCV, one of the segments analyzed in the report, is projected to record 5% CAGR and reach 15.3 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the M&HCV segment is readjusted to a revised 4% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 4.3 Million Units, While China is Forecast to Grow at 7.5% CAGR
- The Commercial Vehicle Propeller Shaft market in the U.S. is estimated at 4.3 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 3.6 Million Units by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

- Select Competitors (Total 42 Featured) -
  • American Axle & Manufacturing Inc.
  • CARDONE Industries
  • Dana, Inc.
  • Dorman Products, Inc.
  • GKN Aerospace
  • Powertrain Industries, Inc.
  • ZF Friedrichshafen AG