Product Code: ETC13214616 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Carbon Fiber Reinforced Plastic Propeller Shaft Market was valued at USD 0.41 Billion in 2024 and is expected to reach USD 0.58 Billion by 2031, growing at a compound annual growth rate of 6.10% during the forecast period (2025-2031).
The Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market is experiencing significant growth due to the increasing demand for lightweight and high-strength materials in the automotive industry. CFRP propeller shafts offer advantages such as reduced weight, improved fuel efficiency, and enhanced performance compared to traditional metal propeller shafts. The market is driven by the rising focus on reducing emissions and improving overall vehicle efficiency. Key players in the market are investing in research and development to introduce innovative products and cater to the growing demand from automotive manufacturers. Asia-Pacific region is expected to dominate the market, with North America and Europe also playing a significant role in the market`s growth. Overall, the global CFRP propeller shaft market is poised for steady growth in the coming years.
The Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market is experiencing significant growth due to the rising demand for lightweight and high-performance materials in automotive and aerospace industries. Manufacturers are focusing on developing advanced CFRP propeller shafts to enhance fuel efficiency, reduce emissions, and improve overall vehicle performance. With increasing regulations on emissions and a shift towards electric vehicles, there is a growing opportunity for CFRP propeller shafts to replace traditional metal shafts. Additionally, advancements in manufacturing technologies such as automated lay-up processes and resin infusion techniques are further driving the market growth. Key players in the market are investing in research and development to introduce innovative products and expand their market presence, indicating a promising outlook for the global CFRP propeller shaft market.
In the Global Carbon Fiber Reinforced Plastic Propeller Shaft Market, challenges primarily revolve around cost concerns, production limitations, and competition. Carbon fiber reinforced plastic (CFRP) propeller shafts are relatively expensive to manufacture compared to traditional metal shafts, leading to higher end-product costs for consumers. Additionally, the production process of CFRP shafts can be complex and time-consuming, resulting in potential delays in meeting market demand. Moreover, as the market for CFRP propeller shafts grows, competition among manufacturers intensifies, leading to pricing pressures and the need for continuous innovation to differentiate products. Overall, addressing these challenges requires a balance between cost-efficiency, production scalability, and maintaining a competitive edge in the market.
The Global Carbon Fiber Reinforced Plastic (CFRP) propeller shaft market is primarily driven by the increasing demand for lightweight and durable components in the automotive industry. CFRP propeller shafts offer significant weight reduction compared to traditional metal shafts, leading to improved fuel efficiency and reduced emissions. Additionally, the superior strength and stiffness of carbon fiber composites make them ideal for high-performance vehicles, further driving their adoption. The growing focus on sustainability and environmental regulations pushing for lighter and more eco-friendly materials in automotive manufacturing is also a key factor fueling the market growth. Furthermore, advancements in carbon fiber technology, such as improved production processes and cost-efficiency, are making CFRP propeller shafts more accessible to a wider range of vehicle manufacturers and contributing to market expansion.
Government policies related to the Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market vary across countries. Some governments have implemented regulations promoting the use of lightweight and environmentally friendly materials in automotive manufacturing, which includes carbon fiber reinforced plastic propeller shafts. These policies aim to reduce carbon emissions, improve fuel efficiency, and meet stringent emissions standards. Additionally, some regions offer incentives or subsidies to manufacturers using CFRP materials to encourage adoption and promote sustainability in the automotive industry. However, specific policies and regulations can differ based on local environmental laws, emissions targets, and government initiatives to support the transition towards more sustainable transportation solutions. Overall, government policies play a significant role in shaping the market dynamics and growth of CFRP propeller shafts in the global automotive industry.
The Global Carbon Fiber Reinforced Plastic Propeller Shaft Market is expected to experience steady growth in the coming years due to increasing demand for lightweight and fuel-efficient automotive solutions. The shift towards electric vehicles and the need for enhanced performance in aerospace and industrial applications are driving the adoption of carbon fiber reinforced plastic propeller shafts. Technological advancements in manufacturing processes and the focus on sustainability and reducing carbon emissions are further propelling market growth. Additionally, the growing emphasis on reducing vehicle weight to improve overall efficiency and reduce environmental impact is expected to drive the market for carbon fiber reinforced plastic propeller shafts. Overall, the market is projected to witness significant expansion as industries continue to prioritize lightweight and high-strength materials for improved performance and sustainability goals.
In the Global Carbon Fiber Reinforced Plastic Propeller Shaft Market, Asia Pacific is expected to witness significant growth due to the expanding automotive industry and increasing adoption of lightweight materials in countries like Japan, China, and South Korea. North America and Europe are also key regions for the market, driven by the presence of established automotive manufacturers and growing demand for fuel-efficient vehicles. In the Middle East and Africa, the market is anticipated to grow steadily, supported by the rising focus on sustainable transportation solutions. Latin America is projected to show moderate growth, with increasing investments in automotive manufacturing and the adoption of advanced materials. Overall, these regional insights highlight the diverse opportunities and growth potential for carbon fiber reinforced plastic propeller shafts across different parts of the world.
Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Revenues & Volume, 2021 & 2031F |
3.3 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market - Industry Life Cycle |
3.4 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market - Porter's Five Forces |
3.5 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Revenues & Volume Share, By Propeller Shaft Type, 2021 & 2031F |
3.7 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Trends |
6 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, 2021 - 2031 |
6.1 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Propeller Shaft Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Single Piece, 2021 - 2031 |
6.1.3 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Two Piece, 2021 - 2031 |
6.2 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.2.3 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Marine, 2021 - 2031 |
6.2.4 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Aerospace, 2021 - 2031 |
6.3 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Original Equipment Manufacturing (OEM), 2021 - 2031 |
6.3.3 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Aftermarket, 2021 - 2031 |
7 North America Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Overview & Analysis |
7.1 North America Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Revenues & Volume, 2021 - 2031 |
7.2 North America Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Propeller Shaft Type, 2021 - 2031 |
7.4 North America Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
8 Latin America (LATAM) Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Overview & Analysis |
8.1 Latin America (LATAM) Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Propeller Shaft Type, 2021 - 2031 |
8.4 Latin America (LATAM) Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
9 Asia Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Overview & Analysis |
9.1 Asia Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Propeller Shaft Type, 2021 - 2031 |
9.4 Asia Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
10 Africa Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Overview & Analysis |
10.1 Africa Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Propeller Shaft Type, 2021 - 2031 |
10.4 Africa Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
11 Europe Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Overview & Analysis |
11.1 Europe Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Propeller Shaft Type, 2021 - 2031 |
11.4 Europe Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
12 Middle East Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Overview & Analysis |
12.1 Middle East Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Propeller Shaft Type, 2021 - 2031 |
12.4 Middle East Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
13 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Key Performance Indicators |
14 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market - Export/Import By Countries Assessment |
15 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market - Opportunity Assessment |
15.1 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Opportunity Assessment, By Propeller Shaft Type, 2021 & 2031F |
15.3 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
16 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market - Competitive Landscape |
16.1 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Revenue Share, By Companies, 2024 |
16.2 Global Carbon Fiber Reinforced Plastic (CFRP) Propeller Shaft Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |