Home Nucleus Automobile U.S. Drive Shaft Market to 2032

U.S. Drive Shaft Market to 2032

Overview

The U.S. Drive Shaft Market is expected to reach a 5.29 USD Billion by 2032 and is projected to grow at a CAGR of 6.29% from 2025 to 2032.

Revenue, 2024 (USD Billion)
3.45
Forecast, 2032 (USD Billion)
5.29
CAGR, 2024 - 2032
6.29%
Report Coverage
U.S.

U.S. Drive Shaft Market 2018-2032 USD Billion

U.S. Drive Shaft Market, Key Findings (2025-2032)

Market Growth and Projections:

  • Market Size (2024): 3.45 USD Billion
  • Projected Market Size (2032): 5.29 USD Billion
  • CAGR (2025-2032): 6.29%

Key Findings of U.S. Drive Shaft Market

  • The U.S. Drive Shaft Market was valued at 3.45 USD Billion in 2024.
  • The U.S. Drive Shaft Market is likely to grow at a CAGR of 6.29% 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 2.43 USD Billion
  • The fastest growing segment Slip Yokes in Components Segment grew Fastest with a CAGR of 7.15% during the forecast period from 2024 to 2032.

U.S. Drive Shaft Market Scope

U.S. Drive Shaft Market Segmentation & Scope
Sales Channel
  • Aftermarket
  • OEM
Vehicle Type
  • Commercial Vehicle
  • Passenger Cars
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
Design Type
  • Solid Shaft
  • Hollow Shaft
Components
  • Others
  • Midship Stubs
  • Splined Slip Stubs
  • Center Yokes
  • Weld Yokes
  • Flange Yokes
  • Companion Flanges
  • End Yokes
  • Yoke Shafts
  • Slip Yokes

U.S. Drive Shaft Market Data Coverage Insights

Study Period 2024-2032
Base Year 2023
Unit Revenue in USD Billion
Market Value in 2024 3.45 USD Billion
Market Value in 2032 5.29 USD Billion
CAGR (2025-2032) 6.29%
Historic Data 2016-2023
Market Segments Covered Sales Channel,Vehicle Type,Drive Shaft Type,Position Type,Material Type,Design Type,Components

Regional Insights:

  • Leading Market (2024-2032): U.S., leading in terms of revenue 3.45 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

  • U.S. Drive Shaft Market to 2032, By Sales Channel
    • OEM is the largest segment in U.S. Drive Shaft Market to 2032 with a revenue of 2.20 USD Billion in the year 2024.
    • OEM is the Fastest growing segment in U.S. Drive Shaft Market to 2032 with a Growth rate of 6.43 % in forecast period 2025-2032.
  • U.S. Drive Shaft Market to 2032, By Vehicle Type
    • Passenger Cars is the largest segment in U.S. Drive Shaft Market to 2032 with a revenue of 2.43 USD Billion in the year 2024.
    • Passenger Cars is the Fastest growing segment in U.S. Drive Shaft Market to 2032 with a Growth rate of 6.49 % in forecast period 2025-2032.
  • U.S. Drive Shaft Market to 2032, By Drive Shaft Type
    • Hotchkiss Drive Shaft is the largest segment in U.S. Drive Shaft Market to 2032 with a revenue of 1.27 USD Billion in the year 2024.
    • Hotchkiss Drive Shaft is the Fastest growing segment in U.S. Drive Shaft Market to 2032 with a Growth rate of 7.06 % in forecast period 2025-2032.
  • U.S. Drive Shaft Market to 2032, By Position Type
    • Front Axle is the largest segment in U.S. Drive Shaft Market to 2032 with a revenue of 1.92 USD Billion in the year 2024.
    • Front Axle is the Fastest growing segment in U.S. Drive Shaft Market to 2032 with a Growth rate of 6.48 % in forecast period 2025-2032.
  • U.S. Drive Shaft Market to 2032, By Material Type
    • Carbon Steel is the largest segment in U.S. Drive Shaft Market to 2032 with a revenue of 1.19 USD Billion in the year 2024.
    • Carbon Steel is the Fastest growing segment in U.S. Drive Shaft Market to 2032 with a Growth rate of 6.79 % in forecast period 2025-2032.
  • U.S. Drive Shaft Market to 2032, By Design Type
    • Hollow Shaft is the largest segment in U.S. Drive Shaft Market to 2032 with a revenue of 2.19 USD Billion in the year 2024.
    • Hollow Shaft is the Fastest growing segment in U.S. Drive Shaft Market to 2032 with a Growth rate of 6.43 % in forecast period 2025-2032.
  • U.S. Drive Shaft Market to 2032, By Components
    • Slip Yokes is the largest segment in U.S. Drive Shaft Market to 2032 with a revenue of 634.95 USD Billion in the year 2024.
    • Slip Yokes is the Fastest growing segment in U.S. Drive Shaft Market to 2032 with a Growth rate of 7.15 % in forecast period 2025-2032.

U.S. Drive Shaft Market Company Share Analysis

 
Company Name Company Share Analysis
JTEKT Corporation
American Axle & Manufacturing, Inc.
GKN Automotive Limited
Cummins Inc.
Nexteer Automotive Corporation
U.S. Drive Shaft Market Company Share Analysis

U.S. Drive Shaft Market Geographical Sales Distribution, 2018-2032 USD Billion

U.S. Drive Shaft Market Geographical Sales Distribution, 2018-2032 USD Billion

U.S. Drive Shaft Market Company Profiling

U.S. Drive Shaft Market Company Profiling

Industry Related Reports

South America Electric Vehicle Market
Middle East & Africa Electric Vehicle Market
North America Electric Vehicle Market
Europe Electric Vehicle Market
Asia-Pacific Electric Vehicle Market
Argentina Electric Vehicle Market
Australia Electric Vehicle Market
Belgium Electric Vehicle Market
Brazil Electric Vehicle Market
Canada Electric Vehicle Market
Frequently Asked Questions
The U.S. Drive Shaft Market is segmented based on Segmentation Sales Channel,Vehicle Type,Drive Shaft Type,Position Type,Material Type,Design Type,Components.
U.S. Drive Shaft Market was valued at USD 3.45(Revenue in USD Billion) in 2023.
U.S. Drive Shaft Market is projected to grow at a CAGR of 6.29% during the forecast period of 2024 to 2032.
The Passenger Cars segment is expected to dominate the U.S. Drive Shaft Market, holding a largest market share of 2.43 USD Billion in 2024

U.S. Drive Shaft Market Scope

U.S. Drive Shaft Market Segmentation & Scope
Sales Channel
  • Aftermarket
  • OEM
Vehicle Type
  • Commercial Vehicle
  • Passenger Cars
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
Design Type
  • Solid Shaft
  • Hollow Shaft
Components
  • Others
  • Midship Stubs
  • Splined Slip Stubs
  • Center Yokes
  • Weld Yokes
  • Flange Yokes
  • Companion Flanges
  • End Yokes
  • Yoke Shafts
  • Slip Yokes
Frequently Asked Questions
The U.S. Drive Shaft Market is segmented based on Segmentation Sales Channel,Vehicle Type,Drive Shaft Type,Position Type,Material Type,Design Type,Components.
U.S. Drive Shaft Market was valued at USD 3.45(Revenue in USD Billion) in 2023.
U.S. Drive Shaft Market is projected to grow at a CAGR of 6.29% during the forecast period of 2024 to 2032.
The estimated market value of the U.S. Drive Shaft Market for final year is USD 5.29 (USD Billion).

U.S. Drive Shaft Market Company Profiling

U.S. Drive Shaft Market Company Profiling
Frequently Asked Questions
The U.S. Drive Shaft Market is segmented based on Segmentation Sales Channel,Vehicle Type,Drive Shaft Type,Position Type,Material Type,Design Type,Components.
U.S. Drive Shaft Market was valued at USD 3.45(Revenue in USD Billion) in 2023.
U.S. Drive Shaft Market is projected to grow at a CAGR of 6.29% during the forecast period of 2024 to 2032.
The estimated market value of the U.S. Drive Shaft Market for final year is USD 5.29 (USD Billion).

Related Markets

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.

BROWSE RELATED PAGES