Published by mark itwired
Posted on October 6, 2021
5 min readLast updated: January 30, 2026
The automotive axle and propeller shaft market faced challenges due to COVID-19 but is expected to recover as the economy stabilizes, according to Future Market Insights.
Impact of COVID-19 on Industry
The automotive market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. The market growth declined drastically when the manufacturing units experienced shutdowns for months and a deficiency in raw materials supply and shortage of human resources Owing to the ongoing crisis caused by the COVID-19 pandemic, the production, and supply chain activities have seen a minor slump. However, the market is likely to face a swift turnaround as the economy starts to stabilize.
Future Market Insights has adopted multi-disciplinary approach to shed light on the evolution of the Automotive Axle And Propeller Shaft Market during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2016, and key prospects over the forecast period 2017 to 2027.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Future Market Insights to arrive at various estimations and projections of the Automotive Axle And Propeller Shaft Market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Automotive Axle And Propeller Shaft Market.
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Key Players
The writer will create content on the general strategies of market players. And then will write the key players in the market are: Dana Corporation, IFA Rotorion, Meritor Inc., Korea Flange Co. Ltd. (KOFCO), ZF Friedrichshafen AG, Showa Corporation, JTEKT Corporation, Hyundai Wia Corporation, GKN-Walterscheid GmbH, American Axle & Manufacturing, Inc., and Gelenkwellen-Service GmbH.
Segmentation
The report provides detailed segmentation to give readers in-depth analysis and insights. Deep-level segmentation has been provided for this market based on:
Product Segmentation
The study endeavors to assess the current and future development possibilities, undiscovered roads, factors molding their income potential in the worldwide market by breaking it into segments such as its types, applications, and region-wise assessment.
By axle orientation, the automotive axle and propeller shaft market can be segmented into:
On the basis of sales channel, the automotive axle and propeller shaft can be segmented into:
On the basis of vehicle type, the automotive axle and propeller shaft market can be segmented into:
By propeller shaft type, the automotive axle and propeller shaft can be segmented into:
By Regions Covered
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Insights in the Report
Full in-depth analysis of the parent market
The analysts at FMI adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results. The study not only provides estimations and projections but also a clear evaluation of these figures on the market dynamics.
Important changes in market dynamics
The various insights in the study are based on extensive cycles of primary and secondary research the analysts engage with during research. The report covers an in-depth analysis of key changes in market dynamics in the recent past and the near future.
Segmentation details of the market
Queries Solved
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Table of Content
Reasons to Buy the report
The post Future Market Insights Presents Automotive Axle And Propeller Shaft Market Growth Projections in a Revised Study Based on COVID-19 Impact appeared first on Industry News Analsis.
The article discusses the impact of COVID-19 on the automotive axle and propeller shaft market and future growth projections.
How did COVID-19 affect the automotive market? It caused manufacturing shutdowns and supply chain disruptions.
Who are the key players in the market? Companies like Dana Corporation and Meritor Inc. are major players.
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