Single piece propeller shaft segment: Expected to dominate the propeller shaft market during the forecast 2021Automotive EngineersUpdated on Jan 25, 2019 View more like this | Visit NORTHBROOK, IL | Contact Markets And Markets |
The demand for automotive axle and propeller shaft market is governed by global vehicle production as well as engineering advancements with an aim to deliver highest vehicle performance. Global automotive axle & propeller shaft sales value is projected to grow at a CAGR of 8.22% from 2016 to 2021, to reach USD 58.07 billion by 2021. The base year for the study is 2015, and the forecast period is from 2016 to 2021.
