Global Demand for Axles and Propeller Shafts Strengthens Amid...

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2025-11-19 14:24:46 -

Global Demand for Axles and Propeller Shafts Strengthens Amid Vehicle Electrification Trends

The global automotive axle and propeller shaft market is projected to expand from USD 32.6 billion in 2025 to USD 46.8 billion by 2035, growing at a CAGR of 3.7%, according to a new industry analysis. This steady growth is fueled by the rising adoption of electric drivetrains, lightweight materials, and advanced axle architectures designed for both passenger and commercial vehicles.Electric...

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