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Automotive Drive Shaft Market Report by Drive Shaft Type, Design Type, Position Type, Material, Vehicle Type, Sales Channel, and Region 2024-2032

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    Report

  • 137 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5732731
The global automotive drive shaft market size reached US$ 16.4 Billion in 2023. Looking forward, the market is projected to reach US$ 24.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.37% during 2023-2032.

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

This report 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. The 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?

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
12.2 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
12.3 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
12.4 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
12.5 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
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

Companies Mentioned

  • 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.
  • NTN Corporation

Methodology

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Table Information