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PUBLISHER: IMARC | PRODUCT CODE: 1467747
PUBLISHER: IMARC | PRODUCT CODE: 1467747
Automotive Drive Shaft Market Report by Drive Shaft Type, Design Type, Position Type, Material, Vehicle Type, Sales Channel (Original Equipment Manufacturer, Aftermarket), and Region 2024-2032
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The global automotive drive shaft market size reached US$ 16.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 24.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
An automotive drive shaft refers to a motorized component that transfers the power produced by the engine from the gearbox to the rear axle and front axle to move the vehicle. This torque is transferred between components that are separated by distance. It consists of the inboard constant velocity joint, connecting shaft, and outboard fixed joint generally made using steel, aluminum, and carbon fiber. An automotive drive shaft is strong and lightweight and can absorb engine torque, perform well under stress, and withstand extreme temperatures, due to which it is commonly used in commercial and passenger vehicles. Other product benefits include low running costs, smoothness, absence of oil spills, reliability, and clean operation.
Automotive Drive Shaft Market Trends:
The increasing demand for electric vehicles (EVs) across the globe is creating a positive outlook for the market. Automotive drive shaft enhances durability and efficiency while optimizing noise, vibration, and harshness (NVH) performance. In line with this, inflating fuel prices and the implementation of various government initiatives to control emission levels are favoring the market growth. Apart from this, manufacturers are inclining toward fiber-reinforced polymer composites over steel to manufacture lightweight automotive drive shafts. Such advancements assist in maintaining the performance and rigidness of the drive shaft, increasing fuel efficiency, and providing higher torque capacity, which is providing an impetus to the market growth. Additionally, key players are adopting clean manufacturing processes, such as electron beam welding, that offer a high level of reliability with no oxidation. This, in turn, is positively influencing the market growth. Other factors, including the increasing demand for hollow shafts, rising disposable incomes, and extensive research and development (R&D) activities in the automotive industry, are supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive drive shaft market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on drive shaft type, design type, position type, material, vehicle type and sales channel.
Breakup by Drive Shaft Type:
Single Piece
Multi-Piece
Slip-In-Tube Drive Shaft
Breakup by Design Type:
Hollow Shaft
Solid Shaft
Breakup by Position Type:
Rear Axle
Front Axle
Breakup by Material:
Steel
Aluminum
Carbon Fiber
Breakup by Vehicle Type:
Passenger Vehicle
Commercial Vehicle
Breakup by Sales Channel:
Original Equipment Manufacturer (OEM)
Aftermarket
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Composite Products & Technology Inc., American Axle & Manufacturing Inc., Dana Incorporated, Hyundai Wia Corporation (Hyundai Motor Group), IFA Group, JTEKT Corporation, Melrose Industries PLC, Meritor Inc. (Cummins Inc.), Neapco Inc., Nexteer Automotive, NKN Ltd. and NTN Corporation.
Key Questions Answered in This Report
- 1. What was the size of the global automotive drive shaft market in 2023?
- 2. What is the expected growth rate of the global automotive drive shaft market during 2024-2032?
- 3. What are the key factors driving the global automotive drive shaft market?
- 4. What has been the impact of COVID-19 on the global automotive drive shaft market?
- 5. What is the breakup of the global automotive drive shaft market based on the drive shaft type?
- 6. What is the breakup of the global automotive drive shaft market based on the material?
- 7. What is the breakup of the global automotive drive shaft market based on vehicle type?
- 8. What are the key regions in the global automotive drive shaft market?
- 9. Who are the key players/companies in the global automotive drive shaft market?
Product Code: SR112024A6104
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Drive Shaft Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Drive Shaft Type
- 6.1 Single Piece
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Multi-Piece
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Slip-In-Tube Drive Shaft
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Design Type
- 7.1 Hollow Shaft
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Solid Shaft
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Position Type
- 8.1 Rear Axle
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Front Axle
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Material
- 9.1 Steel
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Aluminum
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Carbon Fiber
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Vehicle Type
- 10.1 Passenger Vehicle
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Commercial Vehicle
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
11 Market Breakup by Sales Channel
- 11.1 Original Equipment Manufacturer (OEM)
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Aftermarket
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
12 Market Breakup by Region
- 12.1 North America
- 12.1.1 United States
- 12.1.1.1 Market Trends
- 12.1.1.2 Market Forecast
- 12.1.2 Canada
- 12.1.2.1 Market Trends
- 12.1.2.2 Market Forecast
- 12.1.1 United States
- 12.2 Asia-Pacific
- 12.2.1 China
- 12.2.1.1 Market Trends
- 12.2.1.2 Market Forecast
- 12.2.2 Japan
- 12.2.2.1 Market Trends
- 12.2.2.2 Market Forecast
- 12.2.3 India
- 12.2.3.1 Market Trends
- 12.2.3.2 Market Forecast
- 12.2.4 South Korea
- 12.2.4.1 Market Trends
- 12.2.4.2 Market Forecast
- 12.2.5 Australia
- 12.2.5.1 Market Trends
- 12.2.5.2 Market Forecast
- 12.2.6 Indonesia
- 12.2.6.1 Market Trends
- 12.2.6.2 Market Forecast
- 12.2.7 Others
- 12.2.7.1 Market Trends
- 12.2.7.2 Market Forecast
- 12.2.1 China
- 12.3 Europe
- 12.3.1 Germany
- 12.3.1.1 Market Trends
- 12.3.1.2 Market Forecast
- 12.3.2 France
- 12.3.2.1 Market Trends
- 12.3.2.2 Market Forecast
- 12.3.3 United Kingdom
- 12.3.3.1 Market Trends
- 12.3.3.2 Market Forecast
- 12.3.4 Italy
- 12.3.4.1 Market Trends
- 12.3.4.2 Market Forecast
- 12.3.5 Spain
- 12.3.5.1 Market Trends
- 12.3.5.2 Market Forecast
- 12.3.6 Russia
- 12.3.6.1 Market Trends
- 12.3.6.2 Market Forecast
- 12.3.7 Others
- 12.3.7.1 Market Trends
- 12.3.7.2 Market Forecast
- 12.3.1 Germany
- 12.4 Latin America
- 12.4.1 Brazil
- 12.4.1.1 Market Trends
- 12.4.1.2 Market Forecast
- 12.4.2 Mexico
- 12.4.2.1 Market Trends
- 12.4.2.2 Market Forecast
- 12.4.3 Others
- 12.4.3.1 Market Trends
- 12.4.3.2 Market Forecast
- 12.4.1 Brazil
- 12.5 Middle East and Africa
- 12.5.1 Market Trends
- 12.5.2 Market Breakup by Country
- 12.5.3 Market Forecast
13 SWOT Analysis
- 13.1 Overview
- 13.2 Strengths
- 13.3 Weaknesses
- 13.4 Opportunities
- 13.5 Threats
14 Value Chain Analysis
15 Porters Five Forces Analysis
- 15.1 Overview
- 15.2 Bargaining Power of Buyers
- 15.3 Bargaining Power of Suppliers
- 15.4 Degree of Competition
- 15.5 Threat of New Entrants
- 15.6 Threat of Substitutes
16 Price Analysis
17 Competitive Landscape
- 17.1 Market Structure
- 17.2 Key Players
- 17.3 Profiles of Key Players
- 17.3.1 Advanced Composite Products & Technology Inc.
- 17.3.1.1 Company Overview
- 17.3.1.2 Product Portfolio
- 17.3.2 American Axle & Manufacturing Inc.
- 17.3.2.1 Company Overview
- 17.3.2.2 Product Portfolio
- 17.3.2.3 Financials
- 17.3.2.4 SWOT Analysis
- 17.3.3 Dana Incorporated
- 17.3.3.1 Company Overview
- 17.3.3.2 Product Portfolio
- 17.3.3.3 Financials
- 17.3.3.4 SWOT Analysis
- 17.3.4 Hyundai Wia Corporation (Hyundai Motor Group)
- 17.3.4.1 Company Overview
- 17.3.4.2 Product Portfolio
- 17.3.4.3 Financials
- 17.3.4.4 SWOT Analysis
- 17.3.5 IFA Group
- 17.3.5.1 Company Overview
- 17.3.5.2 Product Portfolio
- 17.3.6 JTEKT Corporation
- 17.3.6.1 Company Overview
- 17.3.6.2 Product Portfolio
- 17.3.6.3 Financials
- 17.3.7 Melrose Industries PLC
- 17.3.7.1 Company Overview
- 17.3.7.2 Product Portfolio
- 17.3.7.3 Financials
- 17.3.8 Meritor Inc. (Cummins Inc.)
- 17.3.8.1 Company Overview
- 17.3.8.2 Product Portfolio
- 17.3.8.3 Financials
- 17.3.8.4 SWOT Analysis
- 17.3.9 Neapco Inc.
- 17.3.9.1 Company Overview
- 17.3.9.2 Product Portfolio
- 17.3.10 Nexteer Automotive
- 17.3.10.1 Company Overview
- 17.3.10.2 Product Portfolio
- 17.3.11 NKN Ltd.
- 17.3.11.1 Company Overview
- 17.3.11.2 Product Portfolio
- 17.3.12 NTN Corporation
- 17.3.12.1 Company Overview
- 17.3.12.2 Product Portfolio
- 17.3.12.3 Financials
- 17.3.1 Advanced Composite Products & Technology Inc.
Product Code: SR112024A6104
List of Figures
- Figure 1: Global: Automotive Drive Shaft Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Drive Shaft Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Automotive Drive Shaft Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Automotive Drive Shaft Market: Breakup by Drive Shaft Type (in %), 2023
- Figure 5: Global: Automotive Drive Shaft Market: Breakup by Design Type (in %), 2023
- Figure 6: Global: Automotive Drive Shaft Market: Breakup by Position Type (in %), 2023
- Figure 7: Global: Automotive Drive Shaft Market: Breakup by Material (in %), 2023
- Figure 8: Global: Automotive Drive Shaft Market: Breakup by Vehicle Type (in %), 2023
- Figure 9: Global: Automotive Drive Shaft Market: Breakup by Sales Channel (in %), 2023
- Figure 10: Global: Automotive Drive Shaft Market: Breakup by Region (in %), 2023
- Figure 11: Global: Automotive Drive Shaft (Single Piece) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Automotive Drive Shaft (Single Piece) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Automotive Drive Shaft (Multi-Piece) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Automotive Drive Shaft (Multi-Piece) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Automotive Drive Shaft (Slip-In-Tube Drive Shaft) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Automotive Drive Shaft (Slip-In-Tube Drive Shaft) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Automotive Drive Shaft (Hollow Shaft) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Automotive Drive Shaft (Hollow Shaft) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Automotive Drive Shaft (Solid Shaft) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Automotive Drive Shaft (Solid Shaft) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Automotive Drive Shaft (Rear Axle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Automotive Drive Shaft (Rear Axle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Automotive Drive Shaft (Front Axle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Automotive Drive Shaft (Front Axle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Automotive Drive Shaft (Steel) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Automotive Drive Shaft (Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Automotive Drive Shaft (Aluminum) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Automotive Drive Shaft (Aluminum) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Automotive Drive Shaft (Carbon Fiber) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Automotive Drive Shaft (Carbon Fiber) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Automotive Drive Shaft (Passenger Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Automotive Drive Shaft (Passenger Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: Automotive Drive Shaft (Commercial Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: Automotive Drive Shaft (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Global: Automotive Drive Shaft (Original Equipment Manufacturer-OEM) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Global: Automotive Drive Shaft (Original Equipment Manufacturer -OEM) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Global: Automotive Drive Shaft (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Global: Automotive Drive Shaft (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: North America: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: North America: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: United States: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: United States: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Canada: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Canada: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Asia-Pacific: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Asia-Pacific: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: China: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: China: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Japan: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Japan: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: India: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: India: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: South Korea: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: South Korea: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Australia: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Australia: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Indonesia: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Indonesia: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Others: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Others: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Europe: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Europe: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Germany: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Germany: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: France: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: France: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: United Kingdom: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: United Kingdom: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Italy: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Italy: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Spain: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Spain: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Russia: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Russia: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Others: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Others: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Latin America: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Latin America: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Brazil: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Brazil: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Mexico: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Mexico: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Others: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 84: Others: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 85: Middle East and Africa: Automotive Drive Shaft Market: Sales Value (in Million US$), 2018 & 2023
- Figure 86: Middle East and Africa: Automotive Drive Shaft Market: Breakup by Country (in %), 2023
- Figure 87: Middle East and Africa: Automotive Drive Shaft Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 88: Global: Automotive Drive Shaft Industry: SWOT Analysis
- Figure 89: Global: Automotive Drive Shaft Industry: Value Chain Analysis
- Figure 90: Global: Automotive Drive Shaft Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Drive Shaft Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Automotive Drive Shaft Market Forecast: Breakup by Drive Shaft Type (in Million US$), 2024-2032
- Table 3: Global: Automotive Drive Shaft Market Forecast: Breakup by Design Type (in Million US$), 2024-2032
- Table 4: Global: Automotive Drive Shaft Market Forecast: Breakup by Position Type (in Million US$), 2024-2032
- Table 5: Global: Automotive Drive Shaft Market Forecast: Breakup by Material (in Million US$), 2024-2032
- Table 6: Global: Automotive Drive Shaft Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
- Table 7: Global: Automotive Drive Shaft Market Forecast: Breakup by Sales Channel (in Million US$), 2024-2032
- Table 8: Global: Automotive Drive Shaft Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 9: Global: Automotive Drive Shaft Market: Competitive Structure
- Table 10: Global: Automotive Drive Shaft Market: Key Players
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