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Automotive Axle and Propeller Shaft Market Analysis Report by Size, Share, Growth and Assessment to 2025

Global Automotive Axle & Propeller Shaft Market by Axle Type (Live, Dead & Tandem), Axle Position (Front & Rear), Propeller Shaft Type (Single & Multi Piece), Passenger Car Propeller Shaft Material (Alloy & Carbon Fiber) and Region – Global Forecast to 2025.

The global automotive axle and propeller market size in terms of value is estimated to be USD 29.5 billion in 2019, which is projected to grow to USD 35.0 billion, by 2025 at a CAGR of 2.9%. Growing global vehicle production, increasing demand for luxury vehicles, and commercialization of new technologies towards light-weighting of the overall vehicle is expected to drive axle and propeller shaft market

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Key Market Players

Some of the key players in the automotive axle and propeller shaft market are ZF Friedrichshafen AG (Germany), Dana Incorporated (US), GKN PLC (UK), American Axle & Manufacturing, Inc. (US), Meritor, Inc. (U.S.), Showa Corporation (Japan), Hyundai Wia Corporation (South Korea), JTEKT Corporation (Japan), and GKN plc (UK). ZF and GKN adopted the strategies of expansion, and new product development, to retain its leading position in the automotive axle and propeller market.

Single piece segment is estimated to hold the largest share in automotive propeller shaft market

Single-piece propeller shaft dominates the automotive propeller shaft market during the forecast period. The factors that drive the growth of this segment are cost-effectiveness as well as its overall durability. The single-piece propeller shaft is used more than the multi-piece propeller shaft majorly because of its lightweight with high fuel efficiency. The single-piece propeller shaft becomes an ideal choice for the shorter distance between the engine and the rear axle.

Tandem axle segment is anticipated to register the highest growth rate from 2019 to 2025

Tandem axle is expected to be the fastest growing market for the automotive axle market, by type from 2019 to 2025. According to OICA statistics, heavy commercial vehicle sales have increased from 21.2 million units in 2012 to 26.0 million units in 2017, at a CAGR of 4.14%. The growth can be attributed to factors such as increasing infrastructure spending, rising import-export trade, and growing e-commerce activities. Furthermore, the increasing goods trade has prompted the installation of the tandem axle, which offers additional load carrying capacity to the vehicle.

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Europe is expected to account for the second largest market during the forecast period

Europe is estimated to be the second largest and established market for axles and propeller shafts and is projected to witness stable growth in the coming years. A major growth driver is expected to be stringent fuel-economy norms which would encourage research activities to develop lightweight solutions for vehicles.  The increased production level in Germany, the UK, and France, along with the rise in premium vehicle sales, are estimated to drive the demand for axles and propeller shafts. Rising preference for comfort while driving by end-users would also positively impact the demand for a better quality of axles and propellers.

Multi Camera System Market for Automotive Global and Regional Analysis by Leading Players, Key Regions, Product Segments, and Applications 2025

According to the market research report Multi Camera System Market for Automotive by Function (Parking, and ADAS), Display Type (2D, and 3D), Level of Autonomous Driving (Level1, Level 2 & 3, and Level 4), Vehicle Type (Passenger, and Commercial Vehicle), and Region – Global Forecast to 2025″, The multi camera system market for automotive is estimated to be USD 700.7 Million in 2017 and is projected to reach a market size of USD 2,843.4 Million by 2025, growing at a CAGR of 19.13% during the forecast period.

Browse 83 Market Data Tables and48 Figures spread through170Pages and in-depth TOC on“Multi Camera System Market for Automotive”

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Key Players in Multi Camera System Market for Automotive:

The key players in the multi camera system market include Bosch (Germany), Continental (Germany), Delphi (UK), Magna (Canada), Samvardhana Motherson Reflectec (Germany), Valeo (France), Clarion (Japan), Texas Instruments (US), NXP Semiconductors (Netherlands), OmniVision Technologies (US), Xilinx (US), and Ambarella (US).

3D display to be the fastest growing segment in multi camera system market for automotive, by display type

The multi camera system is integrated with the infotainment panel or instrument cluster, which projects 2D as well as 3D view. The growing technological innovation has boosted the market for 3D display, which is projected to grow at the fastest rate during the forecast period. The growth of 3D display is also linked to the increase in demand for premium segment vehicles. The enhancement in comfort and user driving experience by the multi camera system is responsible for the growth of 3D display segment in the multi camera system market for automotive.

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The passenger vehicle segment is estimated to be the largest market in the multi camera system marketforautomotive during the forecast period

The passenger vehicle segment is estimated to have the largest market share of the multi camera system market due to the rising demand for ADAS features and growth of semi-autonomous and autonomous vehicles. The rising safety concerns have fueled the the growth of ADAS features, which is boosting the demand for semi-autonomous vehicles. Camera-based ADAS features help to meet the elevated safety standards, thereby governing the growth of passenger vehicles.

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Asia Pacific to be the fastest growing regional market for multi camera system market for automotive

The Asia Pacific market is anticipated to be the fastest growing market for multi camera system during the forecast period. The market growth in the region can be attributed to the rapidly growing automotive sector in countries such as China, Japan, South Korea, and India. Moreover, the improving lifestyle of consumers and speedy urbanization have boosted the demand for passenger cars as well as commercial vehicles. These factors are expected to trigger the growth of the multi camera system market in the region.

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LiDAR for Automotive Market Global and Regional Analysis by Leading Players, Key Regions, Product Segments, and Applications 2030

According to the new market research report  “LiDAR for Automotive Market by Technology (Mechanical and Solid State), Application (Semi-Autonomous and Autonomous), Location (Bumper and Grill, Headlight and Taillight, and Roof and Upper Pillar), Image Type (2D and 3D), and Vehicle Type – Global Forecast to 2030″, The LiDAR for automotive market is expected to grow from an estimated USD 735.0 Million in 2025 to a projected USD 2,557.3 Million by 2030, at a CAGR of 28.32%, during the forecast period.

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Key Players of LiDAR for Automotive Market:

The LiDAR  for automotive Market is dominated by a few globally established players such as Delphi Automotive, PLC (U.K.), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Infineon Technologies AG (Germany), Velodyne LiDAR, Inc. (U.S.), Texas Instruments, Inc. (U.S.), LeddarTech, Inc. (Canada), First Sensor AG (Germany), Quanergy Systems, Inc. (U.S.), and Innoviz Technologies, Ltd. (Israel).

The semi-autonomous vehicle market is estimated to be the largest market for the LiDAR for automotive market, by application

The semi-autonomous vehicle segment is estimated to hold the largest market share of the LiDAR for Automotive Market due to factors such as an increase in the demand for driving safety features, the development of cost effective LiDAR solutions, and increasing government regulations.

The 3D segment market is estimated to be the fastest growing market of the LiDAR for automotive market, by image type

The 3D segment market is estimated to be the fastest growing market of the LiDAR for automotive market, by image type due to the technological advantages over 2D LiDAR and an expected increased use of autonomous vehicle technology in the automotive industry. The accuracy and performance of 3D LiDAR in autonomous vehicles are far superior to conventional solutions such as RADAR and camera.

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The European market is estimated to be the largest market in the LiDAR for automotive market

The European market is projected to be the largest market in the LiDAR for automotive market as the testing of autonomous vehicles has begun in several countries in the region, such as Germany, U.K. and France. The investment in research and development in the European automotive industry is the largest worldwide, with about 180 automobile facilities across the region. The European LiDAR for automotive market is led by the market in Germany owing to the increased demand for technologically advanced features in the country.

Global Automotive Solenoid Market Competitor Landscape, Opportunity Analysis, Growth, Trends & Forecast 2017-2022

According to the new market research report  “Automotive Solenoid Market by Application (Body Control & Interiors, Engine Control & Cooling System), Vehicle Type (PC, LCV, HCV), Electric Vehicle Type (BEV, HEV, PHEV, FCEV), Valve Design, Function and Region – Global Forecast to 2022″, The global automotive solenoid market is estimated to be USD 4.13 Billion in 2017, and is projected to grow at a CAGR of 8.82% from 2017 to 2022, to reach USD 6.30 Billion by 2022.

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Body Control and Interiors segment to hold the largest share in the automotive solenoid market, by application type

The body control and interiors application is estimated to account for the largest share in the global automotive solenoid market. This application is used in all passenger and commercial vehicles (CV) as well as electric vehicles, unlike some applications that may or may not be used in electric vehicles. For example, engine control valves are not used in a battery electric vehicle (BEV) for the engine control application.

Passenger cars: A promising market due to the increase in high global production 

Passenger cars are expected to constitute the largest market share, in terms of value, in the global automotive solenoid market. This can be attributed to the growing need for personal cars and private cabs in the emerging economies, which has triggered the demand for automotive solenoids from passenger car manufacturers. The demand is expected to increase in developing and developed countries such as China, Japan, Germany, and the U.S., where major car manufacturers are located.

Asia-Pacific: Largest market for the automotive solenoid market

Asia-Pacific is estimated to hold the largest market share, in terms of value, of the global automotive solenoid market in 2017. The region comprises some of the fastest developing economies in the world such as China, India, and South Korea. There has been a significant increase in vehicle production volumes over the years, with OEMs catering not only to domestic demand but to overseas demand as well.

The major players profiled in the report are Robert Bosch GmbH (Germany), Hitachi Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Continental AG (Germany), Johnson Electric Holding (China), BorgWarner (U.S.), and Delphi Automotive PLC (U.K.).

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Study Coverage

The study covers the global automotive solenoid market, in terms of volume (units) and value (USD million). It explains the qualitative and quantitative aspects of the market on the basis of region, vehicle, electric vehicle, application, function, and valve design type from 2017 to 2022. It also provides an overview of technical factors and other important aspects of the global automotive solenoid market.

Automotive Axle & Propeller Shaft Market Global and Regional Analysis by Leading Players, Key Regions, Product Segments, and Applications 2025

According to the new market research report Automotive Axle & Propeller Shaft Market by Axle Type (Live, Dead & Tandem), Axle Position (Front & Rear), Propeller Shaft Type (Single & Multi Piece), Passenger Car Propeller Shaft Material (Alloy & Carbon Fiber) and Region – Global Forecast to 2025.

The global automotive axle and propeller market size in terms of value is estimated to be USD 29.5 billion in 2019, which is projected to grow to USD 35.0 billion, by 2025 at a CAGR of 2.9%. Growing global vehicle production, increasing demand for luxury vehicles, and commercialization of new technologies towards light-weighting of the overall vehicle is expected to drive axle and propeller shaft market

Download our free PDF Brochure and gain crucial industry insights that will help your business grow:

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Key Market Players

Some of the key players in the automotive axle and propeller shaft market are ZF Friedrichshafen AG (Germany), Dana Incorporated (US), GKN PLC (UK), American Axle & Manufacturing, Inc. (US), Meritor, Inc. (U.S.), Showa Corporation (Japan), Hyundai Wia Corporation (South Korea), JTEKT Corporation (Japan), and GKN plc (UK). ZF and GKN adopted the strategies of expansion, and new product development, to retain its leading position in the automotive axle and propeller market.

Single piece segment is estimated to hold the largest share in automotive propeller shaft market

Single-piece propeller shaft dominates the automotive propeller shaft market during the forecast period. The factors that drive the growth of this segment are cost-effectiveness as well as its overall durability. The single-piece propeller shaft is used more than the multi-piece propeller shaft majorly because of its lightweight with high fuel efficiency. The single-piece propeller shaft becomes an ideal choice for the shorter distance between the engine and the rear axle.

Tandem axle segment is anticipated to register the highest growth rate from 2019 to 2025

Tandem axle is expected to be the fastest growing market for the automotive axle market, by type from 2019 to 2025. According to OICA statistics, heavy commercial vehicle sales have increased from 21.2 million units in 2012 to 26.0 million units in 2017, at a CAGR of 4.14%. The growth can be attributed to factors such as increasing infrastructure spending, rising import-export trade, and growing e-commerce activities. Furthermore, the increasing goods trade has prompted the installation of the tandem axle, which offers additional load carrying capacity to the vehicle.

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Europe is expected to account for the second largest market during the forecast period

Europe is estimated to be the second largest and established market for axles and propeller shafts and is projected to witness stable growth in the coming years. A major growth driver is expected to be stringent fuel-economy norms which would encourage research activities to develop lightweight solutions for vehicles.  The increased production level in Germany, the UK, and France, along with the rise in premium vehicle sales, are estimated to drive the demand for axles and propeller shafts. Rising preference for comfort while driving by end-users would also positively impact the demand for a better quality of axles and propellers.

Cargo Shipping Market – Global Industry Research Update, Future Scope, Size Estimation, Revenue, Pricing Trends and Forecast to 2021

According to the new market research report Cargo Shipping Market by Cargo Type (Liquid, Dry, General, Container), Industry Type (Food, Electrical/Electronics, Mineral Fuels & Oils, Manufacturing), Trade Routes, Infrastructure, Regulations, and by Freight Forwarding – Global Trends and Forecast to 2021

The cargo shipping market is estimated to gain momentum after fiscal year 2018 after years of sluggish growth. Cargo shipping market is projected to reach 12.52 Billion Tons at CAGR of 3.5% from 2016 to 2021. Global economic development, commodity supply and demand are key drivers fuelling the growth of the global cargo shipping trade.

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Key Market Players

The ecosystem of the cargo shipping industry consists of shipping companies such as A.P. Moller Maersk (Denmark), CMA CGM SA (France), and Mediterranean Shipping Company S.A (Switzerland). Freight forwarders such as DHL Global Forwarding (Germany), Panalpina (Switzerland), Ceva Logistics (Netherlands), DB Schenker (Gemany) are also vital part of ecosystem. Shipbuilding and shipping containers manufacturers are also part of cargo shipping ecosystem. There are few trade statistical portals such as the International Trade Centre (ITC), and United Nations Conference on Trade and Development (UNCTAD) among others.

Container Transport: A promising market

The growth in container transport will have highest growth in cargo shipping trade compared to other types of cargos. Demographic changes and the increased globalization drives the growth for container transport. Additionally, the investments in port infrastructure, global supply & demand cycle will have positive impact on container transport. Asia-Pacific region dominates the container transport followed by Europe and North America in 2016.

Asia-Pacific: Largest market for cargo shipping trade

Asia-Pacific accounted for the largest share of the global cargo shipping trade in 2016. Developing Asian economies are driving growth in Asia-Pacific region. China is major exporter in Asia-Pacific as it is developed as manufacturing hub. Market demand, developments in port infrastructure and strong government support have enabled Asia-Pacific to achieve largest market share.

The European region has been segmented into Germany, France, the U.K., Spain and Russia. Europe is estimated to account for the second-largest share in the global cargo shipping trade in 2016. The EU countries are expected to show steady growth in near future due to various initiatives by European Union and rising global demand.

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North America is estimated to have the third-largest market share in cargo shipping trade, by volume, in 2016. . The North American cargo shipping market is projected to grow at a promising CAGR during the forecast period. Growth in global economies will be major factor for cargo shipping trade growth as Canada and Mexico are export oriented economies.

Smart Transportation Market Global and Regional Analysis by Leading Players, Key Regions, Product Segments, and Applications 2021

According to the new market research report Smart Transportation Market for Roadway & Railway By Technology (AVLS, TIS, EPS, & Intelligent Vehicle Initiatives), Components (CCTV Camera, GPS, Display, Automated Stop Announcement & Wi-Fi), Application, and Region – Global forecast to 2021″, The smart solutions market for mass transit is primarily driven by the need for better public transportation systems which would support the increasing population and urbanization around the globe. The smart solutions market for mass transit is projected to grow at a CAGR of 8.90%, to reach a market size of USD 44.78 Billion by 2021.

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Key Players of Smart Transportation Market

The smart solutions market for mass transit ecosystem consists of system manufacturers such as Thales Group (France), Siemens AG (Germany) and, Kapsch TrafficCom (Austria) amongst others; traveler information system manufacturer such as WS Atkins Plc (U.K.)and Q-Free ASA (Norway) among others; and the manufacturers of parking assist systems include Swarco AG (Austria) and TransCore LP (U.S.) amongst others; these OEMs  integrate these equipments and sell them to end-users to cater to their business requirements.

Electronic payment system and traveler information system have significant impact on the growth of smart solutions market for mass transit

For roadways as a transportation mode the electronic payment system segment is estimated to be the largest market. The growth is driven by the increase in efforts by governments and transportation agencies to reduce manual cash collection and shift to advanced e-payment systems. For instance, the Singapore government has implemented a contactless smart card which can be used to travel across the entire public transport network. In the case of railways as a transportation mode, the traveler information system segment is estimated to be the largest market. The system helps the passengers with information and guidance about the upcoming stops and the route which makes their travel experience better. For instance, in Australia the Smartraveller information system is used which provides travel information as well as travel warnings.

Increase in need for smart ticketing systems would give rise to demand for smart solutions market for mass transit

The smart ticketing system is the fastest growing market in the smart public transportation market for both roadways and railways. This growth is due to the benefits such as increased efficiency, and reliability. This application is essential to reduce manual interference and force public transport operators to deploy e-ticketing and integrated payment systems. As per the Rocky Mountain Institute (U.S.) ~14% of a transportation company’s budget is spent on fare collection. Thus the system improves a transportation company’s financial performance which has led to several mass transit operators already implementing smart ticketing solutions. For instance, according to the annual statistics published by the Department for Transport, U.K., out of 26.2 thousand public buses in U.K., 89% of public buses are fitted with ITSO smart cards by 2015.

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North America & Europe: Largest markets for smart solutions market for mass transit

The North American market is estimated to dominate the market for roadways as it accounted for the largest share during the forecast period. The growth factors includes increasing roadways networks, government spending and rising safety concerns for commuters. Europe is estimated to dominate the market for railways in terms of value during the forecast period. This growth is attributed to improved socio-economic conditions in countries such as Germany, the U.K., and France. In addition, the sizeable growth in population of these countries leads to an increase in use of public transport, which further resulted in more government projects for transportation infrastructure development.

Global Baggage Handling System Market Competitor Landscape, Opportunity Analysis, Growth, Trends & Forecast 2019-2025

Baggage Handling System Market by Mode (Airport, Marine, Rail), Solution (Check-In, Screening & Load, Conveying & Sorting, Unload & Reclaim), Check-In (Assisted, Self), Conveying (Conveyor, DCV), Tracking (Barcode, RFID) and Region – Global Forecast to 2025

The Baggage Handling System Market is projected to grow at a CAGR of 7.28%, from USD 8.4 billion in 2018 to USD 13.7 billion by 2025. The increasing focus on improving operational efficiency at airports, growing air passenger volume, and significant developments in intermodal transport are the major factors which will drive the market.

The growing focus on improving air connectivity and the development of intermodal transport will drive the baggage handling system market. Additionally, the rising smart city projects and growing maritime industry are also expected to drive the demand for baggage handling systems. Factors such as complex architecture and high level of initial investments are restricting the growth of this market. However, an increase in passenger and cargo traffic with a limited airport space provides new growth opportunities for the market players.

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The baggage handling system market is dominated by few global players and comprises several regional players as well. The key players in the baggage handling system market are Siemens (Germany), Vanderlande Industries (Netherlands), Daifuku (Japan), Pteris Global Limited (Singapore), BEUMER (Germany), and SITA (Switzerland).

Conveying and sorting to be the largest segment, by solution.

The conveying and sorting segment is projected to lead the baggage handling system market, by solution. According to primary insights, sorting is the heart of the total baggage handling system. The exponential increase in air and marine passenger volume for domestic and international travels worldwide has encouraged baggage handling system manufacturers to find ways to improve existing baggage handling technologies with automated sorting. According to Société Internationale de Télécommunications  Aéronautiques (SITA), with a rise in automation reflected in increasing use of conveyor systems, the rate of baggage mishandling reduced in 2018 compared to 2017.

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RFID system to be the fastest growing segment for baggage handling system market, by tracking technology.

The airline industry is a customer service oriented industry, which leads to immense competition. Today, the key challenge for the airport industry is to reduce baggage mishandling. Baggage mishandling can lead to customer dissatisfaction. According to the Ministry of Civil Aviation, between November 2016 and June 2018, domestic Indian airlines received 763 grievances related to baggage—the fourth highest after complaints about flight delays, ticket fares, and check-in and boarding. In response to that, companies and authorities are focusing on the development of an effective baggage handling system. For instance, the International Air Transport Association (IATA) has been working toward ‘Resolution 753’. RFID systems have a better coverage area than barcode systems and do not need to be positioned in the line of sight for scanning. The RFID system segment is expected to show strong growth in the coming years, with Resolution 753 mandates. However, according to primary insights, Resolution 753 will never discard barcode systems completely

Asia Oceania to be the largest market for baggage handling systems.

Asia Oceania is expected to provide lucrative opportunities in the baggage handling system market. Factors such as strong economic growth, increasing focus on development of smart cities, and favorable government policies for improving air connectivity have triggered the demand for baggage handling systems in the region. Due to the ever-growing air passenger traffic, China accounts for the highest market share of the total Asia Oceania baggage handling system market. Additionally, with a significant focus of the government on development of new airports, India is expected to play a key role in the baggage handling system industry in the Asia Oceania region. For instance, the Indian government plans to construct 100 new airports with an investment of about USD 60 billion in the next 10–15 years. On the other hand, Europe and the Americas have matured markets for the baggage handling systems.

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