Global Propeller Shaft Market Size & Outlook, 2023-2030
The propeller shaft industry worldwide is expected to reach a projected revenue of US$ 42,270.6 million by 2030. A compound annual growth rate of 5.8% is expected of the worldwide propeller shaft industry from 2024 to 2030.
Revenue, 2023 (US$M)
$28,507.1
Forecast, 2030 (US$M)
$42,270.6
CAGR, 2024 - 2030
5.8%
Report Coverage
Worldwide
Global propeller shaft market, 2018-2030 (US$M)
Global propeller shaft market highlights
- The global propeller shaft market generated a revenue of USD 28,507.1 million in 2023 and is expected to reach USD 42,270.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.8% by 2030.
- In terms of segment, single piece accounted for a revenue of USD 28,507.1 million in 2023.
- Single Piece is the most lucrative shaft type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 28,507.1 million |
| Market revenue in 2030 | USD 42,270.6 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Single piece |
| Fastest growing segment | Single Piece |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Piece |
Other key industry trends
- In terms of revenue, the North America accounted for 23.6% of the global propeller shaft market in 2023.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Propeller Shaft Market Scope
Propeller shaft market segmentation & scope
End Use
Automotive
Marine
Aerospace
Industrial Machinery
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Propeller Shaft Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global propeller shaft market size, by regions, 2018-2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
