The live axle segment is set to register the highest growth rate in comparison with
dead and tandem axles. Increasing focus towards optimizing vehicle performance
and delivering greater torque would augment the live axle market. Also, growing
vehicle production as well as engineering advancements to cater to the changing
customer needs would drive the market.
The carbon fiber propeller shaft segment is expected to be the fastest growing
market. Carbon fiber composites are being used in automotive components owing
to their structural advantages over their metallic counterparts. These include lower
weight and higher strength, which are of vital importance to the OEMs. The cost is
expected to decline with mass adoption and enhanced manufacturing process,
which is projected to make carbon fiber propeller shaft more competitive in the
marketplace. These factors would make the carbon fiber propeller shaft segment
one of the fastest growing markets.
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