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The drive shaft is a basic piece of the vehicle driveline and is responsible for transmitting the power from the engine to the wheels. Drive shafts are made up of many different parts and are designed to adapt to changing loads. These changes in load occur as a vehicle accelerates and decelerates, causing the drive shaft to experience heavy loads.

The drive shaft is responsible for transferring torque from the engine to the wheels and reduces the vehicle's overall weight. The shaft should be balanced so that the torque generated by the engine is transferred to the wheels in a smooth and efficient manner. Different types of vehicles use different types of drive trains, however, all vehicles require a drive shaft to rotate. Automotive drive shafts can be three pieces or two pieces. Three-piece designs prevent damage to the drive shaft at high speeds.

Market Dynamics:

The growth of the automotive drive shaft market is primarily driven by the increasing demand for environment-friendly vehicles and the expansion of the auto industry. Rising demand for lightweight drive shafts in light-duty vehicles is expected to drive the market growth. Furthermore, stringent discharge control standards are expected to create new opportunities in the market. Increasing sales of electric vehicles is another factor contributing to the growth of the automotive drive shaft market.

However, the emergence of composite drive shafts, fluctuating prices of raw materials, and COVID-19 impact on the market are the factors expected to hamper the growth of this market.

Key features of the study:

  • This report provides in-depth analysis of the global automotive drive shaft market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 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 Wanxiang Qianchao Co. Ltd., GKN PLC (Melrose Industries PLC), American Axle Manufacturing Holdings Inc., JTEKT Corporation, Yamada Manufacturing Co. Ltd., NTN Corporation, Dana Holding Corporation, Showa Corporation, Hyundai Wia Corporation, and Nexteer Automotive Group Ltd.
  • 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:

  • Global Automotive Drive Shaft Market, By Design Type
    • Hollow Shaft
    • Solid Shaft
  • Global Automotive Drive Shaft Market, By Position Type
    • Rear Axle       
    • Front Axle
  • Global Automotive Drive Shaft Market, By Vehicle Type
    • Passenger Car
    • Commercial Vehicles
  • Global Automotive Drive Shaft Market, By Geography
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World
  • Company Profiles
    • GKN PLC (Melrose Industries PLC)
    • JTEKT Corporation
    • Dana Holding Corporation
    • Hyundai Wia Corporation
    • Nexteer Automotive Group Ltd
    • Showa Corporation
    • Yamada Manufacturing Co. Ltd
    • American Axle Manufacturing Holdings Inc.
    • Wanxiang Qianchao Co. Ltd
    • NTN Corporation

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snapshot, By Design Type
      • Market Snapshot, By  Position Type
      • Market Snapshot, By Vehicle Type
      • Market Snapshot, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Rise in demand for electric vehicles
        • Increasing government initiatives towards use of EVs
      • Restraints
        • Unfavorable conditions arising due to the Covid-19 pandemic
        • Fluctuating prices of raw materials
      • Opportunities
        • Rise in number of vehicles in operation/use
    • Impact Analysis
    • Key Highlights
    • Regulatory Scenario
    • Product launch/Approvals
    • PEST Analysis
    • PORTER’s Analysis
    • Merger and Acquisition Scenario
  4. Global Automotive Drive Shaft Market – Impact of Coronavirus (COVID-19) Pandemic
    • COVID-19 Epidemiology
    • Supply Side and Demand Side Analysis
    • Economic Impact
  5.  Global Automotive Drive Shaft Market , By Design Type, 2017-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2022 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 – 2030
      • Segment Trends
    • Hollow Shaft
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
    • Solid Shaft
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
  6. Global Automotive Drive Shaft Market , By Position Type, 2017-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2022 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 – 2030
      • Segment Trends
    • Rear Axle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
    • Front Axle
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
  7. Global Automotive Drive Shaft Market , By Vehicle Type, 2017-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2022 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 – 2030
      • Segment Trends
    • Passenger Car
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
    • Commercial Vehicles
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
  8. Global Automotive Drive Shaft Market , By Region, 2017-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Country, 2022 and 2030 (%)
      • Y-o-Y Growth Analysis, For Country 2017–2030
      • Country Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
    • Middle East & Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
    • Rest of World
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
  9. Competitive Landscape:
    • GKN PLC (Melrose Industries PLC)
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • JTEKT Corporation
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Dana Holding Corporation
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Hyundai Wia Corporation
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Nexteer Automotive Group Ltd.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Showa Corporation
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Yamada Manufacturing Co. Ltd.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • American Axle Manufacturing Holdings Inc.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Wanxiang Qianchao Co. Ltd.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • NTN Corporation
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
      • Analyst Views
  10. Section
    • Research Methodology
    • About us

*Browse 24 market data tables and 28 figures on “Automotive Drive Shaft Market” - Global forecast to 2030

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