Automotive Drive Shaft Market, By Drive Type, By Vehicle Type, By Sales Channel (OEM, and Aftermarket), By Geography

Description

The global automotive drive shaft market is estimated to be valued at US$ 75.68 billion in 2024 and is expected to reach US$ 114.43 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 75.68 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	6.10%	2031 Value Projection:	US$ 114.43 Bn

Figure. Automotive Drive Shaft Market Share (%), By Region 2024

The global automotive drive shaft market has been witnessing significant growth in recent years. A drive shaft, also known as a driving shaft or propeller shaft, is a mechanical component for transmitting rotational power in an automobile. It is a rotating shaft that delivers power from an engine or transmission to the other end, which is usually the wheels. The drive shaft may also rotates at different speeds than the engine crankshaft due to the different gear ratios in the transmission.

Market Dynamics:

The global automotive drive shaft market is primarily driven by rising vehicle production across the world. Growing demand for premium and luxury vehicles equipped with advanced drivetrains is also fueling the market growth. However, increasing adoption of electric vehicles that do not require conventional drive shafts is expected to restrain the market growth to some extent. Meanwhile, ongoing R&D towards developing lightweight and efficient drive shafts using advanced materials like carbon fiber presents an opportunity for market players.

Key Features of the Study:

This report provides in-depth analysis of the global automotive drive shaft market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global automotive drive shaft market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include American Axle & Manufacturing, Inc., BorgWarner Inc., GKN Automotive, JTEKT Corporation, Magna International Inc., NTN Corporation, Rheinmetall Automotive AG, Schaeffler AG, SeAH Changwon Integrated Steel, SKF Group, Stellantis, The Timken Company, Tower International, Inc., Trelleborg AB, and ZF Friedrichshafen AG

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global automotive drive shaft market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive drive shaft market

Detailed Segmentation:

By Drive Type
- Rear-Wheel Drive
- All-Wheel Drive
- Front-Wheel Drive
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Sales Channel
- OEM (Original Equipment Manufacturers)
- Aftermarket
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players Insights
- American Axle & Manufacturing, Inc.
- BorgWarner Inc.
- GKN Automotive
- JTEKT Corporation
- Magna International Inc.
- NTN Corporation
- Rheinmetall Automotive AG
- Schaeffler AG
- SeAH Changwon Integrated Steel
- SKF Group
- Stellantis
- The Timken Company
- Tower International, Inc.
- Trelleborg AB
- ZF Friedrichshafen AG

Product Code: CMI5375

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Drive Type
- Market Snippet, By Vehicle Type
- Market Snippet, By Sales Channel
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Automotive Drive Shaft Market, By Drive Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Rear-Wheel Drive
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
All-Wheel Drive
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Front-Wheel Drive
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Automotive Drive Shaft Market, By Vehicle Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Passenger Cars
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Commercial Vehicles
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Automotive Drive Shaft Market, By Sales Channel, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
OEM (Original Equipment Manufacturers)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Aftermarket
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Automotive Drive Shaft Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Drive Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Sales Channel, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Drive Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Sales Channel, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Drive Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Sales Channel, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Drive Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Sales Channel, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Drive Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Sales Channel, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - Israel
  - GCC Countries
  - Rest of the Middle East &Africa

8. Competitive Landscape

Company Profiles
- American Axle & Manufacturing, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- BorgWarner Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- GKN Automotive
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- JTEKT Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Magna International Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- NTN Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Rheinmetall Automotive AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Schaeffler AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- SeAH Changwon Integrated Steel
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- SKF Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Stellantis
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- The Timken Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Tower International, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Trelleborg AB
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- ZF Friedrichshafen AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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