Metal Shaft Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 6.5 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
However, comparing the demand for metal shafts from 2023 to 2033, industry experts predict that the market dynamics will shift towards more specialized applications, especially in renewable energy, electric vehicles, and robotics. The increasing adoption of electric vehicles (EVs) and hybrid vehicles is expected to propel demand for lightweight, high-strength metal shafts designed for electric motors and energy-efficient systems. Furthermore, advancements in 3D printing technology and the growing trend of mass customization are likely to shape the market's future, allowing for quicker production cycles and the creation of complex shaft designs with reduced waste.
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The metal shaft market has experienced notable growth from 2018 to 2022, driven by advancements in manufacturing technologies, increasing demand across various sectors, and the expanding automotive and industrial industries. The market witnessed consistent demand as manufacturers sought high-performance materials for a variety of applications, including machinery, aerospace, automotive, and construction. During this period, the metal shaft market was significantly influenced by global supply chain developments and fluctuating raw material costs, such as steel and aluminum. As industries transitioned towards automation and sustainable solutions, the need for precision-engineered shafts surged, contributing to market growth.
Altra Industrial Motion
Framo Morat
Schaeffler
VULKAN
norelem
NEFF
ROTAR
VBG GROUP AB
AMETEK
TNK SANWA PRECISION CO.
LTD
KINTO ELECTRIC CO.
LTD.
IBD Wickeltechnik GmbH
ACCURATE BUSHING
Reliance Precision Limited
Belden Universal
Hepco
MÄDLER GmbH
PBC Linear
OAV Air Bearings
item Industry Automation Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Metal Shaft Market
Industrial
Construction
Medical
Agriculture
Based on Types the Market is categorized into Below types that held the largest Metal Shaft market share In 2023.
0 to 1000 mm
1000 to 3000 mm
3000 to 6000 mm
Above 6000 mm
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Metal Shaft Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Metal Shaft Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Metal Shaft Market, By Type
6. Global Metal Shaft Market, By Application
7. Global Metal Shaft Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Metal Shaft Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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