Automotive Drive Shaft Market Growth, Demand and Challenges of the Key Industry Players 2024-32
                     Global Automotive 
Drive Shaft Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
A cc o r d i ng  t o  t h e  l a te s t  r e po r t  b y  I MA R C  Gr o u p ,  t i t l e d  " A u t o m o t i ve  D r i ve  S h a f t  
Ma r k e t :  G l o b a l  In d u s t r y  T r e n d s ,  S h a r e ,  S i ze ,  G r o w t h ,  O p p o r t u n i ty  a n d  F o r e c a s t  
20 2 4 - 2 03 2 , "  t h e  g l ob a l  a u t om o t i ve  d r i v e  s h a f t  m a r ke t  s i z e  r ea c h e d  U S $  1 6 . 4  B i l l i o n  i n  
20 2 3 .
Report A n  a u t o mo t i v e  d r i v e  sh a f t ,  a l s o  k n ow n  as  a  p ro p e l l e r  sh a f t  o r  p r o p  s h a f t ,  i s  a  me c h a n i ca l  c om p o ne n t  t h a t  t r a n s f e r s  t o r q ue  f r o m  t h e  e n g i n e  t o  t h e  w h e e l s  o f  a  v e h i c l e .  
I t  p l a y s  a n  i mp o r t an t  r o l e  i n  t h e  o pe r a t i o n  a n d  fu n c t i on a l i t y  o f  v a r i ou s  t yp e s  o f  
Highlight and au t o m ob i l e s ,  i n c l u d i n g  c a r s ,  t r u c k s ,  a n d  s p o r t s  u t i l i t y  ve h i c l e s  (S U V s ) .  I t  c o nn e c t s  t h e  t ra n s m i s s i o n  o u tp u t  s h a f t  t o  t h e  d i f f e r e n t i a l ,  w h i c h  t h e n  d i s t r i b u te s  t o r qu e  t o  t he  
w he e l s .  
Description I t  i s  v i t a l  f o r  ma i n t a i n i n g  p r op e r  w h ee l  a l i g n me n t  an d  s u sp e n s i on  g e o me t r y  a n d  h e l p s  
t o  b a l a nc e  t he  w e i g h t  d i s t r i b u t i on  a nd  s ta b i l i z e  t h e  v e h i c l e  d u r i n g  a c c e l e ra t i o n ,  
de c e l e r a t i o n ,  a nd  c o r ne r i n g .  I t  i s  u se d  t o  t r a n s fe r  r o t a t i o na l  p o w e r  f r om  t he  e ng i n e  o r  
t r a n s m i s s i o n  to  t h e  w h e e l s ,  a l l o w i ng  t h e  v e h i c l e  t o  m ov e  f o r w a r d  o r  b a ck w a r d .
R eq u e s t  f o r  a  P D F  sa m p le  o f  th i s  r ep o r t :  
h t t p s : / /w w w . i ma r c g r o u p . co m / a u t o m o t i v e - d r i v e - s h a f t - m a r k e t / re q u es ts a m p l e
Report Description
Global  Automot ive  Dr ive  Shaf t  Market  Trends:
At  presen t ,  the  increas ing  demand fo r  au tomot ive  d r ive  sha f ts  to  improve the overa l l  per fo rmance and  
re l iab i l i ty  o f  automob i les  represen ts  one  o f  the  cruc ia l  fac to rs  impel l ing  the  g rowth  o f  the  marke t .  Bes ides  
th is ,  the r i s ing  purchase o f  e lec t r i c  veh ic les  (EVs)  and hybr id  veh ic les  i s  con t r ibu t ing to  the growth o f  the  
marke t .  In  add i t ion ,  the  g rowing  focus  on reduc ing the  we ight  o f  au tomot ive  components  to  improve fue l  
e f f ic iency  and reduce  emiss ions  i s  o f fer ing  a  favorab le  market  out look.  
Apar t  f rom th is ,  r is ing  advancements  in  manufactu r ing technolog ies  and techn iques ,  such as  add i t i ve  
manufac tur ing o r  3D pr in t ing ,  are  suppor t ing  the  growth  o f  the marke t .  Add i t iona l ly ,  the  increas ing purchase  
o f  ca rs  to  t rave l  comfor tab ly  and avo id  pub l i c  t ranspor ta t ion  is  bo ls ter ing the g rowth  o f  the  marke t .
Looking forward ,  the  market  va lue  is  pro jected  to  reach US$ 24 .1  Bi l l ion  by  2032,  expanding at  a  CAGR 
of  4 .3% dur ing  2024-2032.
View Report  TOC,  F igures and Tables :  h t tps: / /www. imarcgroup.com/automot ive-dr ive-shaf t -market
Breakup by Drive Shaft Type:
• Single Piece
• Mult i -Piece
• Sl ip- In-Tube Drive Shaft
 
Breakup by Design Type:
• Hollow Shaft
Report • Sol id Shaft
Segmentation
Breakup by Position Type:
• Rear Axle
• Front Axle
Breakup by Material:
• Steel
• Aluminum
• Carbon Fiber
Breakup by Vehicle Type:
• Passenger  Vehic le
• Commercial  Vehic le
Breakup by Sales Channel:
Report • Original  Equipment Manufacturer  (OEM)
Segmentation • Aftermarket
Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Lat in Amer ica
• Middle East  and Afr ica
• Advanced Composite Products & 
Technology Inc.
• American Axle & Manufacturing Inc.
• Dana Incorporated
• Hyundai Wia Corporation (Hyundai Motor 
Competitive Group)
Landscape • IFA Group
• JTEKT Corporation
with Key • Melrose Industr ies PLC
Players • Meritor Inc.  (Cummins Inc.)
• Neapco Inc.
• Nexteer Automotive
• NKN Ltd.
• NTN Corporation.
What was the size of the global automotive drive shaft 
market in 2023?
What is the expected growth rate of the global 
automotive drive shaft market during 2024-2032?
What are the key factors driving the global automotive 
drive shaft market?
Key 
What has been the impact of COVID-19 on the global 
Questions automotive drive shaft market?
Answered in What is the breakup of the global automotive drive shaft market based on the drive shaft type?
the Report What is the breakup of the global automotive drive 
shaft market based on the material?
What is the breakup of the global automotive drive 
shaft market based on vehicle type?
What are the key regions in the global automotive drive 
shaft market?
Who are the key players/companies in the global 
automotive drive shaft market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  A u t o m o t i v e  D r i v e  S h a f t  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  D r i v e  S h a f t  T y p e
    6 . 1     S i n g l e  P i e c e
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     M u l t i - P i e c e
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     S l i p - I n - T u b e  D r i v e  S h a f t
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  D e s i g n  T y p e
       
    7 . 1     H o l l o w  S h a f t
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     S o l i d  S h a f t
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  P o s i t i o n  T y p e
    8 . 1     R e a r  A x l e
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     F r o n t  A x l e
Table of         8 . 2 . 1  M a r k e t  T r e n d s        8 . 2 . 2  M a r k e t  F o r e c a s t
9    M a r k e t  B r e a k u p  b y  M a t e r i a l
    9 . 1     S t e e l
Contents         9 . 1 . 1  M a r k e t  T r e n d s        9 . 1 . 2  M a r k e t  F o r e c a s t
    9 . 2     A l u m i n u m
        9 . 2 . 1  M a r k e t  T r e n d s
        9 . 2 . 2  M a r k e t  F o r e c a s t
    9 . 3     C a r b o n  F i b e r
        9 . 3 . 1  M a r k e t  T r e n d s
        9 . 3 . 2  M a r k e t  F o r e c a s t
1 0   M a r k e t  B r e a k u p  b y  V e h i c l e  T y p e
    1 0 . 1     P a s s e n g e r  V e h i c l e
        1 0 . 1 . 1  M a r k e t  T r e n d s
        1 0 . 1 . 2  M a r k e t  F o r e c a s t
    1 0 . 2     C o m m e r c i a l  V e h i c l e
        1 0 . 2 . 1  M a r k e t  T r e n d s
        1 0 . 2 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / a u t o m o t i v e - d r i v e - s h a f t - m a r ke t / t o c
Partial List of Clients
Partial List of Clients
Disclaimer
© 2024  IMARC Al l  R ights  Reserved 
Th is  Pub l i ca t ion  and  a l l  i t ’ s  con ten ts  un less  o therw ise  men t i oned  a re  copy r i gh ted  in  the  name o f  
I n t e rna t i ona l  Marke t  Ana lys i s  Research  and  Consu l t ing  ( IMARC) .  No  pa r t  o f  t h i s  pub l i ca t ion  may  be  
rep roduced ,  repackaged ,  red i s t r i bu ted  o r  res o ld  i n  who le  o r  i n  any  pa r t .  The  pub l i ca t ion  may  a l so  
no t  be  used  i n  any  f o rm o r  by  and means  g raph i c  e lec t ron ic  o r  mechan ic a l ,  i nc lud ing  pho tocopy ing ,  
reco rd ing ,  t ap ing  o r  by  i n fo rmat i on  s to rage  o r  re t r ieva l ,  o r  by  any  o the r  f o rm,  w i t hou t  the  exp ress  
c ons en t  o f  I n t e rna t iona l  Marke t  Ana lys i s  Research  and  Consu l t i ng  ( IMARC) .
Disc la imer :  Al l  con ten ts  and  da ta  o f  t h i s  pub l i c a t i on ,  i nc lud ing  fo recas t s ,  da ta  ana lys i s  and  op in ion  
have  been  based  on  in f o rmat ion  and  sources  be l ieved  to  be  accu ra te  and  re l iab le  a t  t he  t ime  o f  
pub l i sh ing .  In t e rna t i ona l  Ma rke t  Ana l ys is  Research  and  Consu l t ing  makes  no  rep resen ta t ion  o f  
war ran t y  o f  any  k ind  as  to  t he  acc u racy  o r  comp le teness  o f  any  I n fo rmat i on  p rov ided .  IMARC 
accep ts  no  l i ab i l i t y  wha tsoever  f o r  any  los s  o r  damage  resu l t i ng  f rom op in ion ,  e r ro rs  o r  
i naccu rac ies  i f  any  f ound  th is  pub l i ca t ion .
IMARC,  IMARC Group  and  G loba l  Therapy  I ns igh t  Ser i es  a re  reg is t e red  t rademarks  o f  I n te rna t iona l  
Marke t  Ana lys i s  Research  and  Consu l t ing .  A l l  o the r  t rademarks  used  i n  th i s  pub l i ca t i on  a re  
reg i s te red  t rademarks  o f  t he i r  r espec t i ve  compan ies .
Contact Us
Visit us at :
https://www.imarcgroup.com
+1-631-791-1145
[email protected]
Stay With Us: