Asia-Pacific Drive Shaft Market to 2032
Overview
The Asia-Pacific Drive Shaft Market is expected to reach a 11.90 USD Billion by 2032 and is projected to grow at a CAGR of 7.19% from 2025 to 2032.
Revenue, 2024 (USD Billion)
7.32
Forecast, 2032 (USD Billion)
11.90
CAGR, 2024 - 2032
7.19%
Report Coverage
Asia-Pacific
Asia-Pacific Drive Shaft Market 2018-2032 USD Billion
Asia-Pacific Drive Shaft Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 7.32 USD Billion
- Projected Market Size (2032): 11.90 USD Billion
- CAGR (2025-2032): 7.19%
Key Findings of Asia-Pacific Drive Shaft Market
- The Asia-Pacific Drive Shaft Market was valued at 7.32 USD Billion in 2024.
- The Asia-Pacific Drive Shaft Market is likely to grow at a CAGR of 7.19% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Passenger Cars in Vehicle Type Segment accounted for the largest share of the market with a revenue of 5.13 USD Billion
- The fastest growing segment Slip Yokes in Components Segment grew Fastest with a CAGR of 8.24% during the forecast period from 2024 to 2032.
Asia-Pacific Drive Shaft Market Scope
Asia-Pacific Drive Shaft Market Segmentation & Scope
Material Type
- Others
- Carbon Fiber
- Composite Materials
- Stainless Steel
- Aluminum
- Carbon Steel
Vehicle Type
- Commercial Vehicle
- Passenger Cars
Sales Channel
- Aftermarket
- OEM
Position Type
- Rear Axle
- Front Axle
Components
- Others
- Midship Stubs
- Splined Slip Stubs
- Center Yokes
- Weld Yokes
- Flange Yokes
- Companion Flanges
- End Yokes
- Yoke Shafts
- Slip Yokes
Design Type
- Solid Shaft
- Hollow Shaft
Drive Shaft Type
- Slip-in-Tube Drive Shaft
- Flexible Drive Shaft
- Torque Tube Drive Shaft
- Hotchkiss Drive Shaft
Asia-Pacific Drive Shaft Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 7.32 USD Billion |
| Market Value in 2032 | 11.90 USD Billion |
| CAGR (2025-2032) | 7.19% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Material Type,Vehicle Type,Sales Channel,Position Type,Components,Design Type,Drive Shaft Type |
Regional Insights:
-
Leading Market (2024-2032): Asia-Pacific, leading in terms of revenue 7.32 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 1,534.63 USD Million in 2024.
Segments and Scope
-
Asia-Pacific Drive Shaft Market to 2032, By Material Type
- Carbon Steel is the largest segment in Asia-Pacific Drive Shaft Market to 2032 with a revenue of 2.48 USD Billion in the year 2024.
- Carbon Steel is the Fastest growing segment in Asia-Pacific Drive Shaft Market to 2032 with a Growth rate of 7.66 % in forecast period 2025-2032.
-
Asia-Pacific Drive Shaft Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Asia-Pacific Drive Shaft Market to 2032 with a revenue of 5.13 USD Billion in the year 2024.
- Passenger Cars is the Fastest growing segment in Asia-Pacific Drive Shaft Market to 2032 with a Growth rate of 7.43 % in forecast period 2025-2032.
-
Asia-Pacific Drive Shaft Market to 2032, By Sales Channel
- OEM is the largest segment in Asia-Pacific Drive Shaft Market to 2032 with a revenue of 4.65 USD Billion in the year 2024.
- OEM is the Fastest growing segment in Asia-Pacific Drive Shaft Market to 2032 with a Growth rate of 7.53 % in forecast period 2025-2032.
-
Asia-Pacific Drive Shaft Market to 2032, By Position Type
- Front Axle is the largest segment in Asia-Pacific Drive Shaft Market to 2032 with a revenue of 4.04 USD Billion in the year 2024.
- Front Axle is the Fastest growing segment in Asia-Pacific Drive Shaft Market to 2032 with a Growth rate of 7.52 % in forecast period 2025-2032.
-
Asia-Pacific Drive Shaft Market to 2032, By Components
- Slip Yokes is the largest segment in Asia-Pacific Drive Shaft Market to 2032 with a revenue of 1.33 USD Billion in the year 2024.
- Slip Yokes is the Fastest growing segment in Asia-Pacific Drive Shaft Market to 2032 with a Growth rate of 8.24 % in forecast period 2025-2032.
-
Asia-Pacific Drive Shaft Market to 2032, By Design Type
- Hollow Shaft is the largest segment in Asia-Pacific Drive Shaft Market to 2032 with a revenue of 4.63 USD Billion in the year 2024.
- Hollow Shaft is the Fastest growing segment in Asia-Pacific Drive Shaft Market to 2032 with a Growth rate of 7.48 % in forecast period 2025-2032.
-
Asia-Pacific Drive Shaft Market to 2032, By Drive Shaft Type
- Hotchkiss Drive Shaft is the largest segment in Asia-Pacific Drive Shaft Market to 2032 with a revenue of 2.61 USD Billion in the year 2024.
- Hotchkiss Drive Shaft is the Fastest growing segment in Asia-Pacific Drive Shaft Market to 2032 with a Growth rate of 8.15 % in forecast period 2025-2032.
Asia-Pacific Drive Shaft Market Company Share Analysis
| Company Name |
|
||
| JTEKT Corporation | |||
| American Axle & Manufacturing, Inc. | |||
| GKN Automotive Limited | |||
| Cummins Inc. | |||
| Nexteer Automotive Corporation | |||
Asia-Pacific Drive Shaft Market Geographical Sales Distribution, 2018-2032 USD Billion
Asia-Pacific Drive Shaft Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Asia-Pacific Drive Shaft Market is segmented based on Segmentation Material Type,Vehicle Type,Sales Channel,Position Type,Components,Design Type,Drive Shaft Type.
Asia-Pacific Drive Shaft Market was valued at USD 7.32(Revenue in USD Billion) in 2023.
Asia-Pacific Drive Shaft Market is projected to grow at a CAGR of 7.19% during the forecast period of 2024 to 2032.
The Passenger Cars segment is expected to dominate the Asia-Pacific Drive Shaft Market, holding a largest market share of 5.13 USD Billion in 2024
Asia-Pacific Drive Shaft Market Scope
Asia-Pacific Drive Shaft Market Segmentation & Scope
Material Type
- Others
- Carbon Fiber
- Composite Materials
- Stainless Steel
- Aluminum
- Carbon Steel
Vehicle Type
- Commercial Vehicle
- Passenger Cars
Sales Channel
- Aftermarket
- OEM
Position Type
- Rear Axle
- Front Axle
Components
- Others
- Midship Stubs
- Splined Slip Stubs
- Center Yokes
- Weld Yokes
- Flange Yokes
- Companion Flanges
- End Yokes
- Yoke Shafts
- Slip Yokes
Design Type
- Solid Shaft
- Hollow Shaft
Drive Shaft Type
- Slip-in-Tube Drive Shaft
- Flexible Drive Shaft
- Torque Tube Drive Shaft
- Hotchkiss Drive Shaft
Frequently Asked Questions
The Asia-Pacific Drive Shaft Market is segmented based on Segmentation Material Type,Vehicle Type,Sales Channel,Position Type,Components,Design Type,Drive Shaft Type.
Asia-Pacific Drive Shaft Market was valued at USD 7.32(Revenue in USD Billion) in 2023.
Asia-Pacific Drive Shaft Market is projected to grow at a CAGR of 7.19% during the forecast period of 2024 to 2032.
The estimated market value of the Asia-Pacific Drive Shaft Market for final year is USD 11.90 (USD Billion).
Asia-Pacific Drive Shaft Market Company Profiling
Frequently Asked Questions
The Asia-Pacific Drive Shaft Market is segmented based on Segmentation Material Type,Vehicle Type,Sales Channel,Position Type,Components,Design Type,Drive Shaft Type.
Asia-Pacific Drive Shaft Market was valued at USD 7.32(Revenue in USD Billion) in 2023.
Asia-Pacific Drive Shaft Market is projected to grow at a CAGR of 7.19% during the forecast period of 2024 to 2032.
The estimated market value of the Asia-Pacific Drive Shaft Market for final year is USD 11.90 (USD Billion).
CHOOSE LICENCE TYPE
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- 8500.00
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