| Product Code: ETC5889841 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The automotive axle & propeller shaft import shipments to North Macedonia in 2024 continued to be dominated by top exporting countries such as Germany, Spain, China, Turkey, and Poland. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a moderate compound annual growth rate (CAGR) of 3.69% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024 at -36.0%. This suggests a potential shift in market dynamics or external factors impacting the sector`s performance in North Macedonia.

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 Republic of Macedonia Automotive Axle & Propeller Shaft Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia Automotive Axle & Propeller Shaft Market - Industry Life Cycle |
3.4 Republic of Macedonia Automotive Axle & Propeller Shaft Market - Porter's Five Forces |
3.5 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Axle Position, 2021 & 2031F |
3.7 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Position, 2021 & 2031F |
3.8 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.9 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Material, 2021 & 2031F |
4 Republic of Macedonia Automotive Axle & Propeller Shaft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for commercial vehicles in the Republic of Macedonia |
4.2.2 Growth in the automotive manufacturing sector |
4.2.3 Technological advancements leading to higher demand for specialized axles and propeller shafts |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Regulatory challenges affecting the automotive industry in Macedonia |
4.3.3 Competition from imported axles and propeller shafts |
5 Republic of Macedonia Automotive Axle & Propeller Shaft Market Trends |
6 Republic of Macedonia Automotive Axle & Propeller Shaft Market Segmentations |
6.1 Republic of Macedonia Automotive Axle & Propeller Shaft Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, By Dead, 2021-2031F |
6.1.3 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, By Live, 2021-2031F |
6.1.4 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, By Tandem, 2021-2031F |
6.2 Republic of Macedonia Automotive Axle & Propeller Shaft Market, By Axle Position |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, By Front, 2021-2031F |
6.2.3 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, By Rear, 2021-2031F |
6.3 Republic of Macedonia Automotive Axle & Propeller Shaft Market, By Position |
6.3.1 Overview and Analysis |
6.3.2 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, By Front, 2021-2031F |
6.3.3 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, By Rear, 2021-2031F |
6.3.4 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, By Interaxle, 2021-2031F |
6.4 Republic of Macedonia Automotive Axle & Propeller Shaft Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, By Single piece, 2021-2031F |
6.4.3 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, By Multi-piece, 2021-2031F |
6.5 Republic of Macedonia Automotive Axle & Propeller Shaft Market, By Material |
6.5.1 Overview and Analysis |
6.5.2 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, By Alloy, 2021-2031F |
6.5.3 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenues & Volume, By Carbon fiber, 2021-2031F |
7 Republic of Macedonia Automotive Axle & Propeller Shaft Market Import-Export Trade Statistics |
7.1 Republic of Macedonia Automotive Axle & Propeller Shaft Market Export to Major Countries |
7.2 Republic of Macedonia Automotive Axle & Propeller Shaft Market Imports from Major Countries |
8 Republic of Macedonia Automotive Axle & Propeller Shaft Market Key Performance Indicators |
8.1 Average age of vehicles in Macedonia |
8.2 Number of new vehicle registrations |
8.3 Investment in infrastructure projects supporting automotive industry growth |
8.4 Adoption rate of advanced axle and propeller shaft technologies |
8.5 Number of automotive manufacturing partnerships in Macedonia |
9 Republic of Macedonia Automotive Axle & Propeller Shaft Market - Opportunity Assessment |
9.1 Republic of Macedonia Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Republic of Macedonia Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Axle Position, 2021 & 2031F |
9.3 Republic of Macedonia Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Position, 2021 & 2031F |
9.4 Republic of Macedonia Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Type, 2021 & 2031F |
9.5 Republic of Macedonia Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Material, 2021 & 2031F |
10 Republic of Macedonia Automotive Axle & Propeller Shaft Market - Competitive Landscape |
10.1 Republic of Macedonia Automotive Axle & Propeller Shaft Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia Automotive Axle & Propeller Shaft Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |