Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, By Propeller Shaft Type (Single Piece, Two Piece), Application (Automotive, Marine, Aerospace), Sales Channel (Original Equipment Manufacturing (OEM), Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market
The carbon fiber reinforced plastic (CFRP) propeller shaft market is expected to witness market growth at a rate of 25.20% in the forecast period of 2021 to 2028 and is estimated to reach 131213.43 USD million by 2028. Data Bridge Market Research report on aviation analytics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for carbon fiber reinforced plastic (CFRP) from the automotive and aerospace industries is escalating the growth of carbon fiber reinforced plastic (CFRP) propeller shaft market.
Carbon fiber is referred to as a cutting-edge substance which is several times greater to steel at just a fourth of its magnitude. The propeller shaft is one of the most significant mechanisms in the transportation industry. Its chief purpose is to transmit power to a propeller or to the controls of the automobiles.
Major factors that are expected to boost the growth of the carbon fiber reinforced plastic (CFRP) propeller shaft market in the forecast period is the increase in the acceptance of carbon fiber reinforced plastic (CFRP) propeller shaft because of the several benefits provided by them in comparison to the conventional shafts. Furthermore, the carbon fiber reinforced plastic (CFRP) propeller shaft has more life span because of their wear and maintenance-free characteristics are further propelling the carbon fiber reinforced plastic (CFRP) propeller shaft market.
On the other hand, rise in the price of carbon fiber reinforced plastic (CFRP) propeller shafts is further estimated to further impede the growth of the carbon fiber reinforced plastic (CFRP) propeller shaft market in the timeline period. In addition, rise in the sales of electric vehicles across the world will further provide the potential opportunities for the growth of the carbon fiber reinforced plastic (CFRP) propeller shaft market in the coming years. However, the accessibility of substitutes at reasonable expenditure might further challenge the growth of the carbon fiber reinforced plastic (CFRP) propeller shaft market in the near future.
This carbon fiber reinforced plastic (CFRP) propeller shaft market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on carbon fiber reinforced plastic (CFRP) propeller shaft he market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Scope and Market Size
The carbon fiber reinforced plastic (CFRP) propeller shaft market is segmented on the basis of propeller shaft type, application and sales channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of propeller shaft type, carbon fiber reinforced plastic (CFRP) propeller shaft market is segmented single piece, two piece.
- On the basis of application, carbon fiber reinforced plastic (CFRP) propeller shaft market is segmented automotive, marine, aerospace.
- On the basis of sales channel, carbon fiber reinforced plastic (CFRP) propeller shaft market is segmented original equipment manufacturing (OEM), aftermarket
Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Country Level Analysis
The carbon fiber reinforced plastic (CFRP) propeller shaft market is analysed and market size, volume information is provided by country, propeller shaft type, application and sales channel as referenced above.
The countries covered in the carbon fiber reinforced plastic (CFRP) propeller shaft market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the carbon fiber reinforced plastic (CFRP) propeller shaft market due to the rise in the research and development capabilities. Furthermore, the occurrences of major leading manufacturers will further boost the growth of the carbon fiber reinforced plastic (CFRP) propeller shaft market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth in the market due to the rise in the acceptance of carbon fiber reinforced plastic (CFRP) propeller shaft.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Share Analysis
The carbon fiber reinforced plastic (CFRP) propeller shaft market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to carbon fiber reinforced plastic (CFRP) propeller shaft market.
The major players covered in the automotive vehicle scanner market report are Lentus Composites Ltd, AVANCO GmbH, NAKASHIMA PROPELLER Co., Ltd., CENTA ANTRIEBE KIRSCHEY GMBH, Amarillo Gear Company., ALFRED HEYD GmbH u. Co.KG, ZF Friedrichshafen AG, Dana Limited, Johnson Power Ltd, JTEKT Corporation, IFA Group, Automotive Axles Limited, White Technologies Inc., Bailey Morris Ltd., Gestamp Automoción, Nexteer Automotive, Wilson Drive Shafts, Mark Williams Enterprises Inc., HYUNDAI WIA CORP, Melrose Industries PLC, D & F Propshafts, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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