Qyresearch india market of axle & propeller shaft developed smoothly, with cagr over of 2%

QYResearch: India market of Axle & Propeller Shaft developed smoothly, with CAGR over of 2% ●Research Report ● Market Survey and Research ●Industry Analysis

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Axle & Shaft is a mechanical part that translates the torque generated by a vehicle's engine into usable motive force to propel the vehicle. Axle & Shaft can be divided into propeller shaft, Rear Axle and Front Axle. The propeller shaft deliver power from an engine/transmission to the other end of the vehicle before it goes to the wheels. It is used on front engine rear wheel drive and most 4 wheel drive vehicles it couples the transmission with the rear differential. There is also a pair of shorter drive shafts often used to carry torque from a transaxle to the wheels. It is used in all kinds of vehicles and the number of half shafts varied with the drive mode.

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In the last several years, India market of Axle & Propeller Shaft developed smoothly, with CAGR over of 2%. In 2015, India revenue of Axle & Propeller Shaft is nearly 640 M USD; the actual production is nearly 11.5 M units.

According to QYResearch, The India average price of Axle & Propeller Shaft is in the decreasing trend, from 60 USD/Unit in 2011 to 56 USD/Unit in 2016. With the situation of India economy, prices will be in decreasing trend in the following five years.

The Axle & Propeller Shaft industry is relatively concentrated, and high-end products mainly come from North America and Western Europe. In the India wide, major manufactures mainly are GKN, AAL, NTN, Dana, Nexteer, GNA Enterprises, Sona Group, Hyundai-Wia, Talbros Engineering, AAM and etc. qyresearchglobal.com

The Axle & Propeller Shaft industry is relatively concentrated, and high-end products mainly come from North America and Western Europe. In the India wide, major manufactures mainly are GKN, AAL, NTN, Dana, Nexteer, GNA Enterprises, Sona Group, Hyundai-Wia, Talbros Engineering, AAM and etc.

The import and export business of this industry is not frequent. The main reason lies in that many international manufacturers expand their business through building factories or investments in targeted markets. Also, many major players have built up plants in developing countries, like India and Thailand.

This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Axle & Propeller Shaft starch will increase.

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QYR tend to believe this industry now is close to mature, and the demand increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing.

Similarly, there will be fluctuation in gross margin.

Complete report is available at http://www.qyresearchglobal.com/goods-809126.html

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