Philippines Drive Shaft Market to 2032
Overview
The Philippines Drive Shaft Market is expected to reach a 187.34 USD Million by 2032 and is projected to grow at a CAGR of 5.23% from 2025 to 2032.
Revenue, 2024 (USD Million)
131.09
Forecast, 2032 (USD Million)
187.34
CAGR, 2024 - 2032
5.23%
Report Coverage
Philippines
Philippines Drive Shaft Market 2018-2032 USD Million
Philippines Drive Shaft Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 131.09 USD Million
- Projected Market Size (2032): 187.34 USD Million
- CAGR (2025-2032): 5.23%
Key Findings of Philippines Drive Shaft Market
- The Philippines Drive Shaft Market was valued at 131.09 USD Million in 2024.
- The Philippines Drive Shaft Market is likely to grow at a CAGR of 5.23% 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 92.45 USD Million
- The fastest growing segment Slip Yokes in Components Segment grew Fastest with a CAGR of 6.44% during the forecast period from 2024 to 2032.
Philippines Drive Shaft Market Scope
Philippines 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
Vehicle Type
- Commercial Vehicle
- Passenger Cars
Sales Channel
- Aftermarket
- OEM
Material Type
- Others
- Carbon Fiber
- Composite Materials
- Stainless Steel
- Aluminum
- Carbon Steel
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
Philippines Drive Shaft Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 131.09 USD Million |
| Market Value in 2032 | 187.34 USD Million |
| CAGR (2025-2032) | 5.23% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Components,Vehicle Type,Sales Channel,Material Type,Design Type,Drive Shaft Type,Position Type |
Regional Insights:
-
Leading Market (2024-2032): Philippines, leading in terms of revenue 131.09 USD Million in 2024
- Key Country: Philippines, leading in terms of revenue with value of 131.09 USD Million in 2024.
Segments and Scope
-
Philippines Drive Shaft Market to 2032, By Components
- Slip Yokes is the largest segment in Philippines Drive Shaft Market to 2032 with a revenue of 23.09 USD Million in the year 2024.
- Slip Yokes is the Fastest growing segment in Philippines Drive Shaft Market to 2032 with a Growth rate of 6.44 % in forecast period 2025-2032.
-
Philippines Drive Shaft Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Philippines Drive Shaft Market to 2032 with a revenue of 92.45 USD Million in the year 2024.
- Passenger Cars is the Fastest growing segment in Philippines Drive Shaft Market to 2032 with a Growth rate of 5.57 % in forecast period 2025-2032.
-
Philippines Drive Shaft Market to 2032, By Sales Channel
- OEM is the largest segment in Philippines Drive Shaft Market to 2032 with a revenue of 82.87 USD Million in the year 2024.
- OEM is the Fastest growing segment in Philippines Drive Shaft Market to 2032 with a Growth rate of 5.58 % in forecast period 2025-2032.
-
Philippines Drive Shaft Market to 2032, By Material Type
- Carbon Steel is the largest segment in Philippines Drive Shaft Market to 2032 with a revenue of 43.36 USD Million in the year 2024.
- Carbon Steel is the Fastest growing segment in Philippines Drive Shaft Market to 2032 with a Growth rate of 5.63 % in forecast period 2025-2032.
-
Philippines Drive Shaft Market to 2032, By Design Type
- Hollow Shaft is the largest segment in Philippines Drive Shaft Market to 2032 with a revenue of 83.28 USD Million in the year 2024.
- Hollow Shaft is the Fastest growing segment in Philippines Drive Shaft Market to 2032 with a Growth rate of 5.50 % in forecast period 2025-2032.
-
Philippines Drive Shaft Market to 2032, By Drive Shaft Type
- Hotchkiss Drive Shaft is the largest segment in Philippines Drive Shaft Market to 2032 with a revenue of 46.84 USD Million in the year 2024.
- Hotchkiss Drive Shaft is the Fastest growing segment in Philippines Drive Shaft Market to 2032 with a Growth rate of 6.11 % in forecast period 2025-2032.
-
Philippines Drive Shaft Market to 2032, By Position Type
- Front Axle is the largest segment in Philippines Drive Shaft Market to 2032 with a revenue of 73.12 USD Million in the year 2024.
- Front Axle is the Fastest growing segment in Philippines Drive Shaft Market to 2032 with a Growth rate of 5.70 % in forecast period 2025-2032.
Philippines Drive Shaft Market Company Share Analysis
| Company Name |
|
||
| JTEKT Corporation | |||
| American Axle & Manufacturing, Inc. | |||
| GKN Automotive Limited | |||
| Cummins Inc. | |||
| Nexteer Automotive Corporation | |||
Philippines Drive Shaft Market Geographical Sales Distribution, 2018-2032 USD Million
Philippines Drive Shaft Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Philippines Drive Shaft Market is segmented based on Segmentation Components,Vehicle Type,Sales Channel,Material Type,Design Type,Drive Shaft Type,Position Type.
Philippines Drive Shaft Market was valued at USD 131.09(Revenue in USD Million) in 2023.
Philippines Drive Shaft Market is projected to grow at a CAGR of 5.23% during the forecast period of 2024 to 2032.
The Passenger Cars segment is expected to dominate the Philippines Drive Shaft Market, holding a largest market share of 92.45 USD Million in 2024
Philippines Drive Shaft Market Scope
Philippines 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
Vehicle Type
- Commercial Vehicle
- Passenger Cars
Sales Channel
- Aftermarket
- OEM
Material Type
- Others
- Carbon Fiber
- Composite Materials
- Stainless Steel
- Aluminum
- Carbon Steel
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
Frequently Asked Questions
The Philippines Drive Shaft Market is segmented based on Segmentation Components,Vehicle Type,Sales Channel,Material Type,Design Type,Drive Shaft Type,Position Type.
Philippines Drive Shaft Market was valued at USD 131.09(Revenue in USD Million) in 2023.
Philippines Drive Shaft Market is projected to grow at a CAGR of 5.23% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Drive Shaft Market for final year is USD 187.34 (USD Million).
Philippines Drive Shaft Market Company Profiling
Frequently Asked Questions
The Philippines Drive Shaft Market is segmented based on Segmentation Components,Vehicle Type,Sales Channel,Material Type,Design Type,Drive Shaft Type,Position Type.
Philippines Drive Shaft Market was valued at USD 131.09(Revenue in USD Million) in 2023.
Philippines Drive Shaft Market is projected to grow at a CAGR of 5.23% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Drive Shaft Market for final year is USD 187.34 (USD Million).
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