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The commercial vehicle propeller shaft market size is forecast to increase by USD 3.91 billion at a CAGR of 4.65% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for commercial vehicles, particularly in the industrial, construction, and mining sectors. These industries are witnessing growth, leading to the demand for commercial vehicle fleet management systems to transport goods and equipment. However, the market is facing challenges due to the decline in automotive production caused by the global shortage of semiconductor chips. Despite this setback, the market is expected to recover as the semiconductor industry resolves its supply chain issues. Additionally, the shift towards electric and hybrid commercial vehicles is gaining momentum, which may create new opportunities for market participants in the long run. Overall, the market is poised for steady growth, driven by the demand for commercial vehicles in various industries.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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