Product Code: GVR-4-68040-373-7
Propeller Shaft Market Size & Trends
The global propeller shaft market was estimated at USD 28.51 billion in 2023 and is forecasted to grow at a CAGR of 5.8% from 2024 to 2030. This growth is attributed to the growing emphasis on energy efficiency and emissions reduction in the automotive and transportation sectors, encouraging manufacturers to adopt lighter and more efficient components like propeller shafts. In addition, the global push towards sustainable transportation solutions bolsters the demand for propeller shafts that enhance vehicle performance while reducing environmental impact.
Advancements in propeller shaft technology are expected to support the increased demand across various industries. Improved manufacturing techniques, such as using advanced materials like carbon fiber and composites, enable the production of propeller shafts that are lighter, stronger, and more efficient. These advancements not only enhance the performance and durability of propeller shafts but also contribute to greater fuel efficiency and reduced vehicle emissions.
In addition, innovations in design and engineering allow for more compact and integrated systems, which are critical for electric and hybrid vehicles. As the automotive and transportation sectors increasingly prioritize sustainability and efficiency, the demand for technologically advanced propeller shafts capable of meeting these evolving needs is expected to rise significantly, fueling market growth.
Major industry players are focusing on adopting various strategies to gain a competitive edge. They are investing heavily in research and development to innovate new materials and manufacturing techniques that enhance shaft performance while reducing weight and improving efficiency. Moreover, companies are expanding their product portfolios to include customizable and modular shaft solutions catering to diverse vehicle types and specifications. These players also emphasize strategic partnerships and collaborations with automotive OEMs to co-develop advanced drivetrain systems that integrate seamlessly with modern vehicle architectures, including electric and hybrid platforms.
Global Propeller Shaft Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global propeller shaft market based on shaft type, end use, and region:
- Shaft Type Outlook (Revenue, USD Million, 2018 - 2030)
- Single Piece
- Multi-piece
- End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Automotive
- Marine
- Aerospace
- Industrial Machinery
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
Japan
India
South Korea
Brazil
Argentina
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Propeller Shaft Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Propeller Shaft Market - Value Chain Analysis
- 3.3. Propeller Shaft Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.3.4. Market Challenge Analysis
- 3.4. Regulatory Framework
- 3.5. Propeller Shaft Market - Business Environment Analysis
- 3.5.1. PESTLE Analysis
- 3.5.2. Porter's Five Forces Analysis
- 3.6. Market Disruption Analysis
Chapter 4. Propeller Shaft Market: Shaft Type Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Shaft Type Movement Analysis & Market Share, 2023 & 2030
- 4.3. Propeller Shaft Market By Shaft Type, 2018 - 2030 (USD Million)
- 4.4. Single Piece
- 4.4.1. Single Piece Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 4.5. Multi-piece
- 4.5.1. Multi-piece Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Propeller Shaft Market: End Use Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. End Use Movement Analysis & Market Share, 2023 & 2030
- 5.3. Propeller Shaft Market By End Use, 2018 - 2030 (USD Million)
- 5.4. Automotive
- 5.4.1. Propeller Shaft Market Estimates & Forecasts for Automotive, 2018 - 2030 (USD Million)
- 5.5. Marine
- 5.5.1. Propeller Shaft Market Estimates & Forecasts for Marine, 2018 - 2030 (USD Million)
- 5.6. Aerospace
- 5.6.1. Propeller Shaft Market Estimates & Forecasts for Aerospace, 2018 - 2030 (USD Million)
- 5.7. Industrial Machinery
- 5.7.1. Propeller Shaft Market Estimates & Forecasts for Industrial Machinery, 2018 - 2030 (USD Million)
- 5.8. Others
- 5.8.1. Propeller Shaft Market Estimates & Forecasts for Other End-uses, 2018 - 2030 (USD Million)
Chapter 6. Propeller Shaft Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Market Share Analysis, 2023 & 2030
- 6.3. Market Estimates & Forecasts by Region, 2018 - 2030 (USD Million)
- 6.4. North America
- 6.4.1. North America Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. North America Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.4.3. North America Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.4.4. U.S.
- 6.4.4.1. U.S. Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.4.2. U.S. Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.4.4.3. U.S. Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.4.5. Canada
- 6.4.5.1. Canada Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.5.2. Canada Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.4.5.3. Canada Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.4.6. Mexico
- 6.4.6.1. Mexico Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.6.2. Mexico Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.4.6.3. Mexico Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.5. Europe
- 6.5.1. Europe Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Europe Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.5.3. Europe Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.5.4. Germany
- 6.5.4.1. Germany Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.4.2. Germany Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.5.4.3. Germany Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.5.5. UK
- 6.5.5.1. UK Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.5.2. UK Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.5.5.3. UK Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.5.6. France
- 6.5.6.1. France Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.6.2. France Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.5.6.3. France Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.5.7. Spain
- 6.5.7.1. Spain Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.7.2. Spain Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.5.7.3. Spain Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.5.8. Italy
- 6.5.8.1. Italy Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.8.2. Italy Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.5.8.3. Italy Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.6. Asia Pacific
- 6.6.1. Asia Pacific Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Asia Pacific Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.6.3. Asia Pacific Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.6.4. China
- 6.6.4.1. China Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.4.2. China Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.6.4.3. China Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.6.5. India
- 6.6.5.1. India Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.5.2. India Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.6.5.3. India Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.6.6. Japan
- 6.6.6.1. Japan Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.6.2. Japan Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.6.6.3. Japan Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.6.7. South Korea
- 6.6.7.1. South Korea Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.7.2. South Korea Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.6.7.3. South Korea Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.7. Central & South America
- 6.7.1. Central & South America Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.7.2. Central & South America Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.7.3. Central & South America Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.7.4. Brazil
- 6.7.4.1. Brazil Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.7.4.2. Brazil Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.7.4.3. Brazil Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.7.5. Argentina
- 6.7.5.1. Argentina Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.7.5.2. Argentina Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.7.5.3. Argentina Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.8. Middle East & Africa
- 6.8.1. Middle East & Africa Propeller Shaft Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.8.2. Middle East & Africa Propeller Shaft Market Estimates & Forecasts, by Shaft Type, 2018 - 2030 (USD Million)
- 6.8.3. Middle East & Africa Propeller Shaft Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
Chapter 7. Supplier Intelligence
- 7.1. Kraljic Matrix
- 7.2. Engagement Model
- 7.3. Negotiation Strategies
- 7.4. Sourcing Best Practices
- 7.5. Vendor Selection Criteria
- 7.6. List of Raw Shaft Type Suppliers
Chapter 8. Competitive Analysis
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map Analysis
- 8.5. Company Listings
- 8.5.1. GKN Automotive Limited
- 8.5.1.1. Company Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. Dana Limited
- 8.5.2.1. Company Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Strategic Initiatives
- 8.5.3. RSB Group
- 8.5.3.1. Company Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.3.4. Strategic Initiatives
- 8.5.4. General Propeller Company
- 8.5.4.1. Company Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.4.4. Strategic Initiatives
- 8.5.5. Meritor, Inc.
- 8.5.5.1. Company Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.5.4. Strategic Initiatives
- 8.5.6. BRACEWELL MARINE GROUP
- 8.5.6.1. Company Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.6.4. Strategic Initiatives
- 8.5.7. Marine Techq
- 8.5.7.1. Company Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.7.4. Strategic Initiatives
- 8.5.8. Quality Pacific Manufacturing, Inc.
- 8.5.8.1. Company Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.8.4. Strategic Initiatives
- 8.5.9. Collins Aerospace
- 8.5.9.1. Company Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.9.4. Strategic Initiatives
- 8.5.10. Wheel Movers
- 8.5.10.1. Company Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking
- 8.5.10.4. Strategic Initiatives