DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Commercial Vehicle Propeller Shaft Market 2017-2021" report to their offering.
The global commercial vehicle propeller shaft market to grow at a CAGR of 6.49% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global commercial vehicle propeller shaft market for 2017-2021. To calculate the market size, the report considers the new installations, sales and volume of commercial vehicles propeller shafts. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is propeller shafts made of carbon fiber. Composite fibers are increasingly being used in commercial vehicle, marine, and defense industries instead of the conventional heavyweight components. Carbon fiber is one of the most commonly sought-after materials to manufacture components for highly demanding applications.
According to the report, one of the major drivers for this market is increasing sales of commercial vehicles in emerging countries. India and China are the main manufacturing hubs in the world. Hence, these countries deal with large amounts of goods that have to be transported to various locations like ports and warehouses. Moreover, the manufacturing process involves the transportation of large amounts of heavy raw materials from place of procurement to place of manufacture.
Further, the report states that one of the major factors hindering the growth of this market is damaging effects of vibrations on propeller shafts. An unbalanced and heavy propeller shaft would cause serious vibrations upon rotations. A heavyweight single-piece propeller shaft can cause a significant amount of sag when rotations reach optimum levels. This can contribute to the increased amount of vibrations within the drivetrain system. The increasing vibration levels decrease the quality and life of the propeller shaft, which can lead to its breakage. This can cause serious injuries.
- American Axle & Manufacturing Holdings
- ZF Friedrichshafen
Other prominent vendors
- Powertrain Industries
- Dana Corporation
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Geographical segmentation
Part 08: Key leading countries
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/b6fml4/global_commercial