상용차용 프로펠러 샤프트 시장 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global Commercial Vehicle Propeller Shaft Market was valued at USD 4.2 billion in 2024 and is projected to grow at a CAGR of 4% from 2025 to 2034. The industry growth is primarily driven by the rising demand for improved fuel efficiency and lower emissions in response to stricter environmental regulations. Manufacturers shift to lightweight materials such as aluminum and carbon fiber to address these requirements. These materials not only decrease the overall weight of vehicles but also enhance fuel efficiency by reducing energy consumption.

The growing adoption of electric and hybrid commercial vehicles has transformed the market. These vehicles require propeller shafts capable of managing unique torque demands, prompting significant research and development efforts in material science and design. As a result, manufacturers are focused on developing durable yet lightweight shafts that comply with both regulatory and market needs.

The market is segmented by vehicle type into light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). In 2024, LCVs dominated the market with a 70% share and are expected to generate USD 4 billion by 2034. This dominance is attributed to the surging demand for efficient transportation solutions in urban logistics, particularly e-commerce and last-mile delivery services. LCVs are favored for their optimal balance between payload capacity and fuel efficiency, making them cost-effective options for frequent short-distance deliveries. Their adaptability for customized logistics solutions further enhances their appeal across diverse industries.

By type, the market is categorized into single-piece and multi-piece propeller shafts. The single-piece segment accounted for 67% share in 2024, driven by its cost-effectiveness and reliability. These shafts are particularly suited for vehicles with shorter wheelbases, minimizing alignment issues and improving overall performance. Their simpler design reduces manufacturing costs and the likelihood of mechanical failures, making them a preferred choice for light commercial vehicles.

China held a 60% share in 2024 and is poised to reach USD 1 billion by 2034. This growth is fueled by the country's expansive automotive industry, supported by government initiatives and substantial investments in infrastructure. China's position as the world's largest commercial vehicle manufacturer is driven by the booming logistics and delivery sectors, alongside its accelerating push toward electric vehicles (EVs). The shift toward EVs creates demand for advanced components like propeller shafts tailored to these applications, further propelling market expansion.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Research design
  • 1.1.1 Research approach
  • 1.1.2 Data collection methods
• 1.2 Base estimates and calculations
  • 1.2.1 Base year calculation
  • 1.2.2 Key trends for market estimates
• 1.3 Forecast model
• 1.4 Primary research & validation
  • 1.4.1 Primary sources
  • 1.4.2 Data mining sources
• 1.5 Market definitions

Chapter 2 Executive Summary

• 2.1 Industry 360° synopsis, 2021 - 2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
• 3.2 Supplier landscape
  • 3.2.1 Propeller shaft manufacturers
  • 3.2.2 Distributors
  • 3.2.3 OEM customers
• 3.3 Profit margin analysis
• 3.4 Pricing analysis of commercial propeller shaft
• 3.5 Case studies
• 3.6 Technology & innovation landscape
• 3.7 Key news & initiatives
• 3.8 Regulatory landscape
• 3.9 Impact forces
  • 3.9.1 Growth drivers
    • 3.9.1.1 Rising demand for fuel efficiency and reduced emissions in commercial vehicles
    • 3.9.1.2 Growth in e-commerce and logistics, increasing the need for commercial vehicle fleets
    • 3.9.1.3 Advancements in lightweight materials for propeller shafts to enhance vehicle performance
    • 3.9.1.4 Increasing adoption of electric and hybrid commercial vehicles, which require specialized shaft designs
  • 3.9.2 Industry pitfalls & challenges
    • 3.9.2.1 High cost of advanced, lightweight materials, impacting overall production costs
    • 3.9.2.2 Supply chain disruptions affecting the availability of raw materials and components for propeller shafts
• 3.10 Growth potential analysis
• 3.11 Porter's analysis
• 3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive positioning matrix
• 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Material, 2021 - 2034 ($Bn, Units)

• 5.1 Key trends
• 5.2 Steel
• 5.3 Aluminum
• 5.4 Copper alloy
• 5.5 Others

Chapter 6 Market Estimates & Forecast, By Vehicle, 2021 - 2034 ($Bn, Units)

• 6.1 Key trends
• 6.2 Light Commercial Vehicles (LCVs)
• 6.3 Heavy Commercial Vehicles (HCVs)

Chapter 7 Market Estimates & Forecast, By Type, 2021 - 2034 ($Bn, Units)

• 7.1 Key trends
• 7.2 Single piece
• 7.3 Multi piece

Chapter 8 Market Estimates & Forecast, By Drive, 2021 - 2034 ($Bn, Units)

• 8.1 Key trends
• 8.2 Rear-Wheel Drive (RWD)
• 8.3 Front-Wheel Drive (FWD)
• 8.4 All-Wheel Drive (AWD)

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn, Units)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
• 9.3 Europe
  • 9.3.1 UK
  • 9.3.2 Germany
  • 9.3.3 France
  • 9.3.4 Spain
  • 9.3.5 Italy
  • 9.3.6 Russia
  • 9.3.7 Nordics
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 India
  • 9.4.3 Japan
  • 9.4.4 South Korea
  • 9.4.5 ANZ
  • 9.4.6 Southeast Asia
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Mexico
  • 9.5.3 Argentina
• 9.6 MEA
  • 9.6.1 UAE
  • 9.6.2 South Africa
  • 9.6.3 Saudi Arabia

Chapter 10 Company Profiles

• 10.1 Aisin Seiki Co., Ltd.
• 10.2 American Axle & Manufacturing (AAM)
• 10.3 Ashok Leyland
• 10.4 BorgWarner Inc.
• 10.5 Cardan Shaft Ltd.
• 10.6 Dana Incorporated
• 10.7 Eaton Corporation
• 10.8 Fawer Automotive Parts Ltd.
• 10.9 GKN Automotive
• 10.10 Hyundai Wia Corporation
• 10.11 Jiangsu Pacific Precision Forging Co., Ltd.
• 10.12 JTEKT Corporation
• 10.13 Meritor, Inc.
• 10.14 Mitsubishi Motors Corporation
• 10.15 Neapco
• 10.16 Rheinmetall Automotive AG
• 10.17 Schaeffler AG
• 10.18 Sona BLW Precision Forgings Ltd.
• 10.19 Timken Company
• 10.20 ZF Friedrichshafen AG