Middle East & Africa Drive Shaft Market to 2032
Overview
The Middle East & Africa Drive Shaft Market is expected to reach a 1,415.99 USD Million by 2032 and is projected to grow at a CAGR of 5.35% from 2025 to 2032.
Revenue, 2024 (USD Million)
983.43
Forecast, 2032 (USD Million)
1,415.99
CAGR, 2024 - 2032
5.35%
Report Coverage
Middle East & Africa
Middle East & Africa Drive Shaft Market 2018-2032 USD Million
Middle East & Africa Drive Shaft Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 983.43 USD Million
- Projected Market Size (2032): 1,415.99 USD Million
- CAGR (2025-2032): 5.35%
Key Findings of Middle East & Africa Drive Shaft Market
- The Middle East & Africa Drive Shaft Market was valued at 983.43 USD Million in 2024.
- The Middle East & Africa Drive Shaft Market is likely to grow at a CAGR of 5.35% 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 696.87 USD Million
- The fastest growing segment Slip Yokes in Components Segment grew Fastest with a CAGR of 6.47% during the forecast period from 2024 to 2032.
Middle East & Africa Drive Shaft Market Scope
Middle East & Africa Drive Shaft Market Segmentation & Scope
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
Position Type
- Rear Axle
- Front Axle
Material Type
- Others
- Carbon Fiber
- Composite Materials
- Stainless Steel
- Aluminum
- Carbon Steel
Vehicle Type
- Commercial Vehicle
- Passenger Cars
Sales Channel
- Aftermarket
- OEM
Middle East & Africa Drive Shaft Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 983.43 USD Million |
| Market Value in 2032 | 1,415.99 USD Million |
| CAGR (2025-2032) | 5.35% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Components,Design Type,Drive Shaft Type,Position Type,Material Type,Vehicle Type,Sales Channel |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 983.43 USD Million in 2024
- Key Country: Saudi Arabia, leading in terms of revenue with value of 246.75 USD Million in 2024.
Segments and Scope
-
Middle East & Africa Drive Shaft Market to 2032, By Components
- Slip Yokes is the largest segment in Middle East & Africa Drive Shaft Market to 2032 with a revenue of 178.93 USD Million in the year 2024.
- Slip Yokes is the Fastest growing segment in Middle East & Africa Drive Shaft Market to 2032 with a Growth rate of 6.47 % in forecast period 2025-2032.
-
Middle East & Africa Drive Shaft Market to 2032, By Design Type
- Hollow Shaft is the largest segment in Middle East & Africa Drive Shaft Market to 2032 with a revenue of 622.92 USD Million in the year 2024.
- Hollow Shaft is the Fastest growing segment in Middle East & Africa Drive Shaft Market to 2032 with a Growth rate of 5.68 % in forecast period 2025-2032.
-
Middle East & Africa Drive Shaft Market to 2032, By Drive Shaft Type
- Hotchkiss Drive Shaft is the largest segment in Middle East & Africa Drive Shaft Market to 2032 with a revenue of 357.98 USD Million in the year 2024.
- Hotchkiss Drive Shaft is the Fastest growing segment in Middle East & Africa Drive Shaft Market to 2032 with a Growth rate of 6.11 % in forecast period 2025-2032.
-
Middle East & Africa Drive Shaft Market to 2032, By Position Type
- Front Axle is the largest segment in Middle East & Africa Drive Shaft Market to 2032 with a revenue of 546.17 USD Million in the year 2024.
- Front Axle is the Fastest growing segment in Middle East & Africa Drive Shaft Market to 2032 with a Growth rate of 5.68 % in forecast period 2025-2032.
-
Middle East & Africa Drive Shaft Market to 2032, By Material Type
- Carbon Steel is the largest segment in Middle East & Africa Drive Shaft Market to 2032 with a revenue of 337.42 USD Million in the year 2024.
- Carbon Steel is the Fastest growing segment in Middle East & Africa Drive Shaft Market to 2032 with a Growth rate of 5.91 % in forecast period 2025-2032.
-
Middle East & Africa Drive Shaft Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Middle East & Africa Drive Shaft Market to 2032 with a revenue of 696.87 USD Million in the year 2024.
- Passenger Cars is the Fastest growing segment in Middle East & Africa Drive Shaft Market to 2032 with a Growth rate of 5.59 % in forecast period 2025-2032.
-
Middle East & Africa Drive Shaft Market to 2032, By Sales Channel
- OEM is the largest segment in Middle East & Africa Drive Shaft Market to 2032 with a revenue of 622.42 USD Million in the year 2024.
- OEM is the Fastest growing segment in Middle East & Africa Drive Shaft Market to 2032 with a Growth rate of 5.59 % in forecast period 2025-2032.
Middle East & Africa Drive Shaft Market Company Share Analysis
| Company Name |
|
||
| JTEKT Corporation | |||
| American Axle & Manufacturing, Inc. | |||
| GKN Automotive Limited | |||
| Cummins Inc. | |||
| Nexteer Automotive Corporation | |||
Middle East & Africa Drive Shaft Market Geographical Sales Distribution, 2018-2032 USD Million
Middle East & Africa Drive Shaft Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Drive Shaft Market is segmented based on Segmentation Components,Design Type,Drive Shaft Type,Position Type,Material Type,Vehicle Type,Sales Channel.
Middle East & Africa Drive Shaft Market was valued at USD 983.43(Revenue in USD Million) in 2023.
Middle East & Africa Drive Shaft Market is projected to grow at a CAGR of 5.35% during the forecast period of 2024 to 2032.
The Passenger Cars segment is expected to dominate the Middle East & Africa Drive Shaft Market, holding a largest market share of 696.87 USD Million in 2024
Middle East & Africa Drive Shaft Market Scope
Middle East & Africa Drive Shaft Market Segmentation & Scope
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
Position Type
- Rear Axle
- Front Axle
Material Type
- Others
- Carbon Fiber
- Composite Materials
- Stainless Steel
- Aluminum
- Carbon Steel
Vehicle Type
- Commercial Vehicle
- Passenger Cars
Sales Channel
- Aftermarket
- OEM
Frequently Asked Questions
The Middle East & Africa Drive Shaft Market is segmented based on Segmentation Components,Design Type,Drive Shaft Type,Position Type,Material Type,Vehicle Type,Sales Channel.
Middle East & Africa Drive Shaft Market was valued at USD 983.43(Revenue in USD Million) in 2023.
Middle East & Africa Drive Shaft Market is projected to grow at a CAGR of 5.35% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Drive Shaft Market for final year is USD 1,415.99 (USD Million).
Middle East & Africa Drive Shaft Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Drive Shaft Market is segmented based on Segmentation Components,Design Type,Drive Shaft Type,Position Type,Material Type,Vehicle Type,Sales Channel.
Middle East & Africa Drive Shaft Market was valued at USD 983.43(Revenue in USD Million) in 2023.
Middle East & Africa Drive Shaft Market is projected to grow at a CAGR of 5.35% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Drive Shaft Market for final year is USD 1,415.99 (USD Million).
CHOOSE LICENCE TYPE
- 4200.00
- 3500.00
- 2000.00
- 5500.00
- 8500.00
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.