The article cited AMA's Global Prop Shaft Market Study explored substantial growth with CAGR of 3.9%. According the report, Use of Lightweight Materials Like Light Weight Alloys to Manufacture Prop Shafts is one of the primary growth factors for the market. Technological Shifts in the Automobile Industry have been the Key Drivers of Growth and Innovation in the Automotive Axle & Propeller Shaft Industry is also expected to contribute significantly to the Prop Shaft market. Overall, Passenger Car applications of Prop Shaft, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Hyundai Wia (South Korea), Yamada Manufacturing Co., Ltd. (Japan), American Axle and Manufacturing Holdings Inc., Nexteer Automotive, Dana Holding Corporation, Neapco Holdings LLC (United States), Gkn Plc (United Kingdom), Ntn Corporation (Japan), Diequa Corporation, Jtekt Corporation (Japan) and Bailey Morris (United Kingdom) may see astonishing sales in this Market and certainly improve revenue growth.

The Configuration, such as Rear Wheel Drive, is boosting the Prop Shaft market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Vehicle Type, such as Passenger Car, is boosting the Prop Shaft market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Design Type, such as Hollow shafts, is boosting the Prop Shaft market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Prop Shaft market identified that the demand is rising in many different parts of the world as "Increasing Number of Automobile sales in emerging economies". One of the challenges that industry facing is "The innovation of New Technologies and New Materials to Manufacture Prop Shafts in Order to Lower the CO2 Emissions"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Prop Shaft market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Prop Shaft market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Prop Shaft market tight?
• Which application/end-user category or Product Type [Torque Tube Drive Shaft Type, Flexible Drive Shaft Type and Hotchkiss Drive Shaft Type] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Prop Shaft market and other related sub-markets covered in the study.

o Key & emerging players in the Prop Shaft market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Prop Shaft market size is calculated using market estimation process, the Prop Shaft market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Prop Shaft market size has been validated using both top-down and bottom-up approaches.