Global Automotive Drive Shaft Market, By Vehicle Type (Passenger Cars, Heavy Commercial Vehicles, and Light Commercial Vehicles), By Position (Rear & Front Drive Shaft), By Product Type (Rigid Side shaft and Hollow Side shafts), By Company and By Geography, Forecast & Opportunities, 2028

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Summary

Report Description

Global automotive drive shaft market is projected to reach USD 8 Billion by 2028, growing at a CAGR of over 5% during 2024-2028. The major factors contributing to the growth of the market include growing vehicle production, enhanced driving experience, growing demand for low carbon footprint and fuel-efficient vehicles. The fluctuating price of raw material can be one of the challenges for the growth of the drive shaft market, globally.

Global automotive drive shaft market is segmented based on vehicle, position, product and region. Based on vehicle, passenger car held the dominant share in the market in 2022 and the trend is likely to continue in the forthcoming years as well. This is due to increasing production and sales of the passenger cars in emerging countries like India, China, Indonesia, and South Africa hence this segment will hold the greater market share in the forecast period.

Based on position, the rear segment dominated the market in 2022. As most of the commercial vehicles have rear driven shaft, hence the market for rear shaft is projected to grow until 2028.

Regionally, APAC region, the largest vehicle producer, is projected to be the largest automotive drive shaft market in terms of market value, during the forecast period. OEMs have established their production bases in countries like China, India given the pull of the local market and the low cost of manufacture. Moreover, growing demand for comfort and stringent fuel efficiency standards are also anticipated to drive the market for automotive drive shafts in the region.

Some of the leading players in the global automotive drive shaft market are GKN PLC, NTN Corporation, American Axle & Manufacturing Holdings, Inc., Nexteer Automotive Group Limited, Neapco Holdings LLC, Hyundai Wia Corporation, Trelleborg AB, NKN, Ltd., Yamada Manufacturing Co., Ltd., Ifa Rotorion - Holding GmbH.


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Objective of the Study:

  • To analyse and forecast the market size of Automotive Drive Shaft Market, in terms of value and volume
  • To classify and forecast Global Automotive Drive Shaft Market based on vehicle type, product type, position and regional distribution.
  • To identify drivers and challenges for Global Automotive Drive Shaft Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Automotive Drive Shaft Market.
  • To conduct the pricing analysis for Automotive Drive Shaft Market.
  • To identify and analyse the profile of leading players involved in the manufacturing of Global Automotive Drive Shaft Market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

TechSci Research calculated the market size of Global Automotive Drive Shaft Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Manufacturers of Automotive Drive Shaft
  • Automotive OEMs
  • Traders, Distributors, and Suppliers
  • Industry associations and experts
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2022

Historical Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Vehicle Type

·         Position

·         Product Type

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Singapore; Malaysia; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Qatar; Brazil, Argentina, Colombia;

Key companies profiled

GKN PLC, NTN Corporation, American Axle & Manufacturing Holdings, Inc., Nexteer Automotive Group Limited, Neapco Holdings LLC, Hyundai Wia Corporation, Trelleborg AB, NKN, Ltd., Yamada Manufacturing Co., Ltd., Ifa Rotorion - Holding GmbH.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Automotive Drive Shaft Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Automotive Drive Shaft Market, By Vehicle Type:
    • Passenger Cars
    • Heavy Commercial Vehicles
    • Light Commercial Vehicles
  • Global Automotive Drive Shaft Market, By Position:
    • Rear Drive Shaft
    • Front Drive Shaft
  • Global Automotive Drive Shaft Market, By Product Type:
    • Rigid Side shaft
    • Hollow Side shafts
  • Global Automotive Drive Shaft Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe & CIS
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Automotive Drive Shaft Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Automotive Drive Shaft Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Product Awareness

5.2.  Brand Awareness

5.3.  Brand Recall

5.4.  Product Pricing

5.5.  Challenges & Unmet Needs

6.    Global Automotive Drive Shaft Market Overview 

7.    Global Automotive Drive Shaft Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type (Passenger Cars, Heavy Commercial Vehicles, and Light Commercial Vehicles)

7.2.2.     By Position (Rear & Front Drive Shaft)

7.2.3.     By Product Type (Rigid Side shaft and Hollow Side shafts)

7.2.4.     By Region

7.3.  Market Attractiveness Index

8.    Asia-Pacific Automotive Drive Shaft Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Product Type

8.2.3.     By Country

8.3.  Market Attractiveness Index

8.4.  Asia-Pacific: Country Analysis

8.4.1.     China Automotive Drive Shaft Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Vehicle Type

8.4.1.2.2.             By Product Type

8.4.2.     India Automotive Drive Shaft Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Vehicle Type

8.4.2.2.2.             By Product Type

8.4.3.     Japan Automotive Drive Shaft Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Vehicle Type

8.4.3.2.2.             By Product Type

8.4.4.     South Korea Automotive Drive Shaft Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Vehicle Type

8.4.4.2.2.             By Product Type

8.4.5.     Australia Automotive Drive Shaft Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Vehicle Type

8.4.5.2.2.             By Product Type

8.4.6.     Singapore Automotive Drive Shaft Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Value & Volume

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Vehicle Type

8.4.6.2.2.             By Product Type

8.4.7.     Malaysia Automotive Drive Shaft Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Value & Volume

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Vehicle Type

8.4.7.2.2.             By Product Type

9.    Europe & CIS Automotive Drive Shaft Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Product Type

9.2.3.     By Country

9.3.  Market Attractiveness Index

9.4.  Europe: Country Analysis

9.4.1.     France Automotive Drive Shaft Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Vehicle Type

9.4.1.2.2.             By Product Type

9.4.2.     Germany Automotive Drive Shaft Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Vehicle Type

9.4.2.2.2.             By Product Type

9.4.3.     United Kingdom Automotive Drive Shaft Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Vehicle Type

9.4.3.2.2.             By Product Type

9.4.4.     Italy Automotive Drive Shaft Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Value & Volume

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Vehicle Type

9.4.4.2.2.             By Product Type

9.4.5.     Spain Automotive Drive Shaft Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Value & Volume

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Vehicle Type

9.4.5.2.2.             By Product Type

10.  North America Automotive Drive Shaft Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Product Type

10.2.3.  By Country

10.3.              Market Attractiveness Index

10.4.              North America: Country Analysis

10.4.1.  United States Automotive Drive Shaft Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Vehicle Type

10.4.1.2.2.           By Product Type

10.4.2.  Mexico Automotive Drive Shaft Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Vehicle Type

10.4.2.2.2.           By Product Type

10.4.3.  Canada Automotive Drive Shaft Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Vehicle Type

10.4.3.2.2.           By Product Type

11.  South America Automotive Drive Shaft Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Product Type

11.2.3.  By Country

11.3.              Market Attractiveness Index

11.3.1.  Brazil Automotive Drive Shaft Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value & Volume

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Vehicle Type

11.3.1.2.2.           By Product Type

11.3.2.  Argentina Automotive Drive Shaft Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value & Volume

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Vehicle Type

11.3.2.2.2.           By Product Type

11.3.3.  Colombia Automotive Drive Shaft Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value & Volume

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Vehicle Type

11.3.3.2.2.           By Product Type

12.  Middle East and Africa Automotive Drive Shaft Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value & Volume

12.2.              Market Share & Forecast

12.2.1.  By Vehicle Type

12.2.2.  By Product Type

12.2.3.  By Country

12.3.              Market Attractiveness Index

12.4.              MEA: Country Analysis

12.4.1.  South Africa Automotive Drive Shaft Market Outlook

12.4.1.1.      Market Size & Forecast

12.4.1.1.1.           By Value & Volume

12.4.1.2.      Market Share & Forecast

12.4.1.2.1.           By Vehicle Type

12.4.1.2.2.           By Product Type

12.4.2.  Saudi Arabia Automotive Drive Shaft Market Outlook

12.4.2.1.      Market Size & Forecast

12.4.2.1.1.           By Value & Volume

12.4.2.2.      Market Share & Forecast

12.4.2.2.1.           By Vehicle Type

12.4.2.2.2.           By Product Type

12.4.3.  UAE Automotive Drive Shaft Market Outlook

12.4.3.1.      Market Size & Forecast

12.4.3.1.1.           By Value & Volume

12.4.3.2.      Market Share & Forecast

12.4.3.2.1.           By Vehicle Type

12.4.3.2.2.           By Product Type

12.4.4.  Qatar Automotive Drive Shaft Market Outlook

12.4.4.1.      Market Size & Forecast

12.4.4.1.1.           By Value & Volume

12.4.4.2.      Market Share & Forecast

12.4.4.2.1.           By Vehicle Type

12.4.4.2.2.           By Product Type

13.  Supply Chain Analysis

14.  Market Dynamics

14.1.              Drivers

14.2.              Challenges

15.  Market Trends & Developments

16.  Policy & Regulatory Landscape

17.  Competitive Landscape

17.1.              Competition Outlook

17.2.              Company Profiles (Top 10 Companies)

17.2.1.  GKN PLC

17.2.2.  NTN Corporation

17.2.3.  American Axle & Manufacturing Holdings, Inc.

17.2.4.  Nexteer Automotive Group Limited

17.2.5.  Neapco Holdings LLC

17.2.6.  Hyundai Wia Corporation

17.2.7.  Trelleborg AB

17.2.8.  NKN Ltd.

17.2.9.  Yamada Manufacturing Co.,Ltd.

17.2.10.                Ifa Rotorion-Holding Gmbh.

Strategic Recommendation

Figures and Tables

Frequently asked questions

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Growing automotive sales & production, growing demand for better fuel efficiency engines and growing demand for powerful engines are expected to drive the Global automotive drive shaft market during the forecast period.

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Global automotive drive shaft market is segmented based on vehicle, position, product and region.

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Based on vehicle type, passenger segment is expected to hold the largest share in global automotive drive shaft market during forecast period.

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Some of the leading players in the global automotive drive shaft market are GKN PLC, NTN Corporation, American Axle & Manufacturing Holdings, Inc., Nexteer Automotive Group Limited, Neapco Holdings LLC, Hyundai Wia Corporation, Trelleborg AB, NKN, Ltd., Yamada Manufacturing Co., Ltd., Ifa Rotorion - Holding GmbH.

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