Projeted Growth
Moderate

Growth Potential Meter

Automotive Drive Shafts Market Report by Product Type (Hotchkiss Drive Shaft, Flexible Drive Shaft, Torque Tube Drive Shaft ) by Application /End User (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles ) by Industry Analysis, Volume, Share, Growth, Challenges, Trends, and Forecast 2018-2026

Number of pages: 185 | Report Code: PSMR- PSMR-01091 | Report Format : PDF

Report Coverage

Parameters Details

Base Year

2021

Historical Data

2016-2021

Forecast Data

2022-2028

Base Year Value (2021)

USD million

Forecast Value (2028)

USD million

CAGR (2022 to 2028)

%

Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

The global automotive drive shafts market is valued at USD 6.1billion in 2016 and is expected to reach USD 12.3 billion by the end of 2026, growing at a CAGR of 7.3% between 2016 and 2026. The automotive drive shaft is also called propeller shaft or prop shaft. The automotive drive shaft is a spinning tube that connects to the rear of the transmission and transmits the spinning power that began in the engine to the back of the vehicle at the differential (more on that in a bit). The automotive drive shaft is primarily used to transfer torque between components that are separated by a distance, since different components must be in different locations in the vehicle.  


Automotive drive shafts are used differently in different vehicles. They vary greatly in cars with distinct configurations for front-wheel drive, four-wheel drive, and the previously mentioned front-engine rear-wheel drive. Other vehicles also use drive shafts, like motorcycles, locomotives, and marine vessels. Automotive drive shafts are made up of steel, aluminum and carbon fiber. Aluminum drive shafts are light and sturdy which reduces overall weight of the vehicle and hence require less fuel and produce more rotating speed. Steel drive shafts are very heavy which makes the overall weight of the vehicle very heavy, requiring more fuel to run and thus requires a lot of horsepower to transmit torque and rotate.  


Automotive drive shaft designs come in three types torque tube drive shaft, hotchkiss drive shaft, flexible drive shaft. Torque tube drive shafts were used on older vehicles and are still used on some trucks and SUVs today. The automotive drive shaft itself is enclosed in a tube that connects the transmission and differential via a single universal joint, or U-joint for short. Hotchkiss drive shafts are the more common drive shaft design. It has an open design, meaning it can actually see spin beneath car when it’s moving. Hotchkiss drive shafts use two U-joints. Flexible drive shaft types have high longevity and permits continuous rotation in vehicles even at high speed.  


Asia-Pacific is anticipated to remain the largest automotive drive shafts market during the forecast period followed by North America. China is the biggest market for automotive drive shafts market followed by India and USA. Increasing population, urbanization, industrialization, increasing production of vehicles in emerging economies of India, China, and Japan is expected to booming this market during forecast period.The global automotive drive shafts market has been segmented on the basis of vehicle into passenger vehicles, heavy and light commercial vehicles. Heavy commercial vehicles are expected to show remarkable progress over the forecast period. As heavy commercial vehicles form the backbone of the economy, they will continue to demand automotive drive shafts more than the other segments.  


Global Automotive Drive Shafts Market
 


Automotive Drive Shafts Market : Product Type

  • Hotchkiss Drive Shaft
  • Flexible Drive Shaft
  • Torque Tube Drive Shaft

Automotive Drive Shafts Market: Application

  • Passenger Vehicle
  • Light commercial vehicle
  • Heavy commercial vehicle

Global Automotive Drive Shafts Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Automotive Drive Shafts Market:

  • GKN PLC
  • American Axle Manufacturing Inc.
  • Dana Incorporated
  • Magneti Marelli S.p.A.
  • Röchling Group
  • Nexteer Automotive
  • Xuchang Yuangdong Driveshaft Co., Ltd.
  • Neapco Holdings, LLC
  • The Timken Company
  • Wangxiang Qianchao Co., Ltd.
  • Yamada
  • Meritor

Geographical analysis of Automotive Drive Shafts Market :

  • North America
    • U.S.A
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
  • Latin America
    • Brazil
  • Middle East and Africa

Automotive Drive Shafts Market Report delivers comprehensive analysis of :

  • Market Forecast for 2018-26
  • Market growth drivers
  • Challenges and Opportunities
  • Emerging and Current market trends
  • Market player Capacity, Production, Revenue (Value)
  • Supply (Production), Consumption, Export, Import analysis
  • End user/application Analysis


Frequently Asked Questions (FAQ)


Automotive Drive Shafts Market was valued at around USD million in 2021 & estimated to reach USD by 2028.




Automotive Drive Shafts Market is likely to grow at compounded annual growth rate (CAGR) of % between 2022 to 2028.












Yes, the report includes COVID 19 impact on the market.



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