Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Drive Shaft Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Automotive Drive Shaft Market?
The size of the automotive drive shaft market has consistently expanded in past years, seeing an increase from $18.08 billion in 2024 to $18.87 billion in 2025. The compound annual growth rate (CAGR) during this period was 4.4%.
What Are the Expected Market Growth Trends for the Automotive Drive Shaft Market Through 2029?
The Automotive Drive Shaft Global Market is predicted to reach a value of $24.02 billion in 2029, with a compound annual growth rate (CAGR) of 6.2%.
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What Are the Key Business Drivers in the Automotive Drive Shaft Market Landscape?
The key drivers in the automotive drive shaft market are:
• Reduction of weight in automobiles
• Increased usage of drive shafts in passenger cars
• Rise in sales of utility automobiles
• Growing focus on sustainability and reducing carbon emissions
How Is the Automotive Drive Shaft Market Divided Across Key Categories?
The automotive drive shaft market covered in this report is segmented –
1) By Product Type: Rigid Side shaft, Hollow Side shafts
2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
3) By Drive Type: Front Wheel Drive, Rear Wheel Drive, Other Drive Types
4) By Material: Aluminum, Steel, Carbon Fiber
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What Are the Ongoing Trends in the Automotive Drive Shaft Market?
The key trends in the automotive drive shaft market are:
• The integration of advanced sensors in drive shafts is a significant emerging trend.
• There is an increasing trend in the adoption of carbon fiber drive shafts.
• The market is seeing a shift towards electrification of drive systems.
• Maintenance-free and durable solutions are increasingly shaping the future of the market.
Which Companies are Expanding in the Automotive Drive Shaft Industry?
Major players in the automotive drive shaft market are:
• GKN Automotive Limited
• JTEKT Corporation
• American Axle & Manufacturing Inc.
• Dana Incorporated
• Hyundai Wia Corporation
• Nexteer Automotive Group Ltd.
• Showa Corporation
• Yamada Manufacturing Co Ltd.
• Wanxiang Qianchao Co Ltd.
• NTN Corporation
• IFA Rotorion Holding GmbH
• Meritor Inc.
• ZF Friedrichshafen AG
• Gestamp Automoción S. A.
• Neapco Holdings LLC
• GSP Automotive Group
• Powertrain Industries Inc.
• The Timken Company
• Dorman Products Inc.
• Precision Shaft Technologies
• Bailey Morris Limited
• Gelenkwellenwerk Stadtilm GmbH
• Walterscheid Powertrain Group
• PTI Technologies Inc.
• RSB Group
• Sona Group
• Spicer India Private Limited
• Talbros Engineering Limited
• Visteon Corporation
• Xuchang Yuandong Drive Shaft Co Ltd.
Which is the Largest Region the Global Automotive Drive Shaft Market?
Asia-Pacific was the largest region in the automotive drive shaft market in 2024, and it is also expected to be the fastest-growing region in the automotive drive shaft market during the forecast period
