Commercial vehicle propeller shafts global strategic business report 2024-2030 featuring leading players - american axle & manufacturing, cardone, dana, dorman, gkn, zf friedrichshafen

Dublin, nov. 05, 2024 (globe newswire) -- the "commercial vehicle propeller shafts - global strategic business report" report has been added to researchandmarkets.com's offering. the global market for commercial vehicle propeller shafts was estimated at us$14.9 billion in 2023 and is projected to reach us$18.3 billion by 2030, growing at a cagr of 3.0% from 2023 to 2030. this comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. the growth in the commercial vehicle propeller shaft market is driven by several factors, each deeply interconnected with technological advancements, changing regulatory landscapes, and shifts in consumer demand. one of the primary drivers is the increasing focus on fuel efficiency and the reduction of carbon emissions. in response to stringent environmental regulations worldwide, manufacturers are prioritizing lighter, stronger materials such as carbon fiber and aluminum for propeller shafts, which help improve fuel efficiency and reduce overall vehicle weight.
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