Global Drive Shaft Market to 2032
Overview
The Global Drive Shaft Market is expected to reach a 27.43 USD Billion by 2032 and is projected to grow at a CAGR of 5.61% from 2025 to 2032.
Revenue, 2024 (USD Billion)
17.72
Forecast, 2032 (USD Billion)
27.43
CAGR, 2024 - 2032
5.61%
Report Coverage
Global
Global Drive Shaft Market 2018-2032 USD Billion
Global Drive Shaft Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 17.72 USD Billion
- Projected Market Size (2032): 27.43 USD Billion
- CAGR (2025-2032): 5.61%
Key Findings of Global Drive Shaft Market
- The Global Drive Shaft Market was valued at 27.43 USD Billion in 2024.
- The Global Drive Shaft Market is likely to grow at a CAGR of 5.61% 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 12.47 USD Billion
- The fastest growing segment Slip Yokes in Components Segment grew Fastest with a CAGR of 6.46% during the forecast period from 2024 to 2032.
Global Drive Shaft Market Scope
Global Drive Shaft Market Segmentation & Scope
Vehicle Type
- Passenger Cars
- Commercial Vehicle
Sales Channel
- OEM
- Aftermarket
Material Type
- Others
- Carbon Fiber
- Stainless Steel
- Carbon Steel
- Aluminum
- Composite Materials
Components
- Slip Yokes
- Yoke Shafts
- End Yokes
- Companion Flanges
- Flange Yokes
- Weld Yokes
- Center Yokes
- Splined Slip Stubs
- Midship Stubs
- Others
Design Type
- Hollow Shaft
- Solid Shaft
Drive Shaft Type
- Hotchkiss Drive Shaft
- Torque Tube Drive Shaft
- Flexible Drive Shaft
- Slip-in-Tube Drive Shaft
Position Type
- Front Axle
- Rear Axle
Global Drive Shaft Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 17.72 USD Billion |
| Market Value in 2032 | 27.43 USD Billion |
| CAGR (2025-2032) | 5.61% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Sales Channel,Material Type,Components,Design Type,Drive Shaft Type,Position Type |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 17.72 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 3,451.99 USD Million in 2024.
Segments and Scope
-
Global Drive Shaft Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Global Drive Shaft Market to 2032 with a revenue of 12.47 USD Billion in the year 2024.
- Passenger Cars is the Fastest growing segment in Global Drive Shaft Market to 2032 with a Growth rate of 5.80 % in forecast period 2025-2032.
-
Global Drive Shaft Market to 2032, By Sales Channel
- OEM is the largest segment in Global Drive Shaft Market to 2032 with a revenue of 11.26 USD Billion in the year 2024.
- OEM is the Fastest growing segment in Global Drive Shaft Market to 2032 with a Growth rate of 5.85 % in forecast period 2025-2032.
-
Global Drive Shaft Market to 2032, By Material Type
- Carbon Steel is the largest segment in Global Drive Shaft Market to 2032 with a revenue of 5.96 USD Billion in the year 2024.
- Carbon Steel is the Fastest growing segment in Global Drive Shaft Market to 2032 with a Growth rate of 6.07 % in forecast period 2025-2032.
-
Global Drive Shaft Market to 2032, By Components
- Slip Yokes is the largest segment in Global Drive Shaft Market to 2032 with a revenue of 3.29 USD Billion in the year 2024.
- Slip Yokes is the Fastest growing segment in Global Drive Shaft Market to 2032 with a Growth rate of 6.46 % in forecast period 2025-2032.
-
Global Drive Shaft Market to 2032, By Design Type
- Hollow Shaft is the largest segment in Global Drive Shaft Market to 2032 with a revenue of 11.20 USD Billion in the year 2024.
- Hollow Shaft is the Fastest growing segment in Global Drive Shaft Market to 2032 with a Growth rate of 5.84 % in forecast period 2025-2032.
-
Global Drive Shaft Market to 2032, By Drive Shaft Type
- Hotchkiss Drive Shaft is the largest segment in Global Drive Shaft Market to 2032 with a revenue of 6.40 USD Billion in the year 2024.
- Hotchkiss Drive Shaft is the Fastest growing segment in Global Drive Shaft Market to 2032 with a Growth rate of 6.32 % in forecast period 2025-2032.
-
Global Drive Shaft Market to 2032, By Position Type
- Front Axle is the largest segment in Global Drive Shaft Market to 2032 with a revenue of 9.81 USD Billion in the year 2024.
- Front Axle is the Fastest growing segment in Global Drive Shaft Market to 2032 with a Growth rate of 5.90 % in forecast period 2025-2032.
Global Drive Shaft Market Company Share Analysis
| Company Name |
|
||
| JTEKT Corporation | |||
| American Axle & Manufacturing, Inc. | |||
| GKN Automotive Limited | |||
| Cummins Inc. | |||
| Nexteer Automotive Corporation | |||
Global Drive Shaft Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Drive Shaft Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Drive Shaft Market is segmented based on Segmentation Vehicle Type,Sales Channel,Material Type,Components,Design Type,Drive Shaft Type,Position Type.
Global Drive Shaft Market was valued at USD 17.72(Revenue in USD Billion) in 2023.
Global Drive Shaft Market is projected to grow at a CAGR of 5.61% during the forecast period of 2024 to 2032.
The Passenger Cars segment is expected to dominate the Global Drive Shaft Market, holding a largest market share of 12.47 USD Billion in 2024
Global Drive Shaft Market Scope
Global Drive Shaft Market Segmentation & Scope
Vehicle Type
- Passenger Cars
- Commercial Vehicle
Sales Channel
- OEM
- Aftermarket
Material Type
- Others
- Carbon Fiber
- Stainless Steel
- Carbon Steel
- Aluminum
- Composite Materials
Components
- Slip Yokes
- Yoke Shafts
- End Yokes
- Companion Flanges
- Flange Yokes
- Weld Yokes
- Center Yokes
- Splined Slip Stubs
- Midship Stubs
- Others
Design Type
- Hollow Shaft
- Solid Shaft
Drive Shaft Type
- Hotchkiss Drive Shaft
- Torque Tube Drive Shaft
- Flexible Drive Shaft
- Slip-in-Tube Drive Shaft
Position Type
- Front Axle
- Rear Axle
Frequently Asked Questions
The Global Drive Shaft Market is segmented based on Segmentation Vehicle Type,Sales Channel,Material Type,Components,Design Type,Drive Shaft Type,Position Type.
Global Drive Shaft Market was valued at USD 17.72(Revenue in USD Billion) in 2023.
Global Drive Shaft Market is projected to grow at a CAGR of 5.61% during the forecast period of 2024 to 2032.
The estimated market value of the Global Drive Shaft Market for final year is USD 27.43 (USD Billion).
Global Drive Shaft Market Company Profiling
Frequently Asked Questions
The Global Drive Shaft Market is segmented based on Segmentation Vehicle Type,Sales Channel,Material Type,Components,Design Type,Drive Shaft Type,Position Type.
Global Drive Shaft Market was valued at USD 17.72(Revenue in USD Billion) in 2023.
Global Drive Shaft Market is projected to grow at a CAGR of 5.61% during the forecast period of 2024 to 2032.
The estimated market value of the Global Drive Shaft Market for final year is USD 27.43 (USD Billion).
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