Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1701912
PUBLISHER: IMARC | PRODUCT CODE: 1701912
Automotive Drive Shaft Market Report by Drive Shaft Type, Design Type, Position Type, Material, Vehicle Type, Sales Channel (Original Equipment Manufacturer, Aftermarket), and Region 2025-2033
PUBLISHED:
PAGES: 137 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
The global automotive drive shaft market size reached USD 17.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 24.9 Billion by 2033, exhibiting a growth rate (CAGR) of 4.05% during 2025-2033.
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:
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 2024?
- 2.What is the expected growth rate of the global automotive drive shaft market during 2025-2033?
- 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: SR112025A6104
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: SR112025A6104
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 USD), 2019-2024
- Figure 3: Global: Automotive Drive Shaft Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Automotive Drive Shaft Market: Breakup by Drive Shaft Type (in %), 2024
- Figure 5: Global: Automotive Drive Shaft Market: Breakup by Design Type (in %), 2024
- Figure 6: Global: Automotive Drive Shaft Market: Breakup by Position Type (in %), 2024
- Figure 7: Global: Automotive Drive Shaft Market: Breakup by Material (in %), 2024
- Figure 8: Global: Automotive Drive Shaft Market: Breakup by Vehicle Type (in %), 2024
- Figure 9: Global: Automotive Drive Shaft Market: Breakup by Sales Channel (in %), 2024
- Figure 10: Global: Automotive Drive Shaft Market: Breakup by Region (in %), 2024
- Figure 11: Global: Automotive Drive Shaft (Single Piece) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Automotive Drive Shaft (Single Piece) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Automotive Drive Shaft (Multi-Piece) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Automotive Drive Shaft (Multi-Piece) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Automotive Drive Shaft (Slip-In-Tube Drive Shaft) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Automotive Drive Shaft (Slip-In-Tube Drive Shaft) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Automotive Drive Shaft (Hollow Shaft) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Automotive Drive Shaft (Hollow Shaft) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Automotive Drive Shaft (Solid Shaft) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Automotive Drive Shaft (Solid Shaft) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Automotive Drive Shaft (Rear Axle) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Automotive Drive Shaft (Rear Axle) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Automotive Drive Shaft (Front Axle) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Automotive Drive Shaft (Front Axle) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Global: Automotive Drive Shaft (Steel) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Global: Automotive Drive Shaft (Steel) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: Global: Automotive Drive Shaft (Aluminum) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: Global: Automotive Drive Shaft (Aluminum) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: Global: Automotive Drive Shaft (Carbon Fiber) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: Global: Automotive Drive Shaft (Carbon Fiber) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Global: Automotive Drive Shaft (Passenger Vehicle) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Global: Automotive Drive Shaft (Passenger Vehicle) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: Global: Automotive Drive Shaft (Commercial Vehicle) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: Global: Automotive Drive Shaft (Commercial Vehicle) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: Global: Automotive Drive Shaft (Original Equipment Manufacturer-OEM) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: Global: Automotive Drive Shaft (Original Equipment Manufacturer -OEM) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: Global: Automotive Drive Shaft (Aftermarket) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: Global: Automotive Drive Shaft (Aftermarket) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: North America: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: North America: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: United States: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: United States: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Canada: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Canada: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: Asia-Pacific: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: Asia-Pacific: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: China: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: China: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: Japan: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: Japan: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: India: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: India: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: South Korea: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: South Korea: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: Australia: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: Australia: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Indonesia: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Indonesia: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Others: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Others: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Europe: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Europe: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Germany: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Germany: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: France: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: France: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: United Kingdom: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: United Kingdom: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Italy: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Italy: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Spain: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Spain: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Russia: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: Russia: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 75: Others: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 76: Others: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 77: Latin America: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 78: Latin America: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 79: Brazil: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 80: Brazil: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 81: Mexico: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 82: Mexico: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 83: Others: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 84: Others: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 85: Middle East and Africa: Automotive Drive Shaft Market: Sales Value (in Million USD), 2019 & 2024
- Figure 86: Middle East and Africa: Automotive Drive Shaft Market: Breakup by Country (in %), 2024
- Figure 87: Middle East and Africa: Automotive Drive Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
- 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, 2024 and 2033
- Table 2: Global: Automotive Drive Shaft Market Forecast: Breakup by Drive Shaft Type (in Million USD), 2025-2033
- Table 3: Global: Automotive Drive Shaft Market Forecast: Breakup by Design Type (in Million USD), 2025-2033
- Table 4: Global: Automotive Drive Shaft Market Forecast: Breakup by Position Type (in Million USD), 2025-2033
- Table 5: Global: Automotive Drive Shaft Market Forecast: Breakup by Material (in Million USD), 2025-2033
- Table 6: Global: Automotive Drive Shaft Market Forecast: Breakup by Vehicle Type (in Million USD), 2025-2033
- Table 7: Global: Automotive Drive Shaft Market Forecast: Breakup by Sales Channel (in Million USD), 2025-2033
- Table 8: Global: Automotive Drive Shaft Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 9: Global: Automotive Drive Shaft Market: Competitive Structure
- Table 10: Global: Automotive Drive Shaft Market: Key Players
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.