openPR Logo
Press release

Automotive Drive Shaft Market is anticipated to expand at a CAGR of 7.32 percentage from 2024 to 2030

12-10-2024 04:30 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

Automotive Drive Shaft Market

Automotive Drive Shaft Market

The ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ is expected to reach US$ 49.72 Bn by 2030, at a CAGR of 7.32% during the forecast period.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The automotive drive shaft is a crucial component of the drivetrain, designed to transmit torque and rotational motion efficiently between parts that are otherwise disconnected due to distance or relative movement. This market has gained significant momentum, driven by advancements in vehicle technology and the increasing demand for high-performance, fuel-efficient vehicles. As automakers strive to meet evolving regulatory standards and consumer preferences, the automotive drive shaft market continues to see innovations in lightweight and durable materials, enhancing overall vehicle efficiency and performance.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/27068/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The growth of the automotive drive shaft market is propelled by the rapid expansion of the automobile sector and stringent government regulations targeting carbon emissions. Rising consumer purchasing power and the demand for fuel-efficient vehicles in both developed and emerging economies have created opportunities for manufacturers. Automakers are increasingly focused on developing smart and energy-efficient vehicles to comply with strict emissions standards. Additionally, the industry is witnessing a shift toward lightweight drive shafts, which improve fuel efficiency without compromising structural integrity. However, economic instability and fluctuating raw material costs may pose challenges to market growth.

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ : ๐†๐ฅ๐จ๐›๐š๐ฅ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's automotive sector is rapidly expanding due to its government-backed initiatives and investments in local manufacturing. Key developments include ๐•๐ข๐ง๐…๐š๐ฌ๐ญ, Vietnam's leading electric vehicle manufacturer, investing in lightweight and eco-friendly drive shaft solutions. Mergers and acquisitions, such as the partnership between ๐๐จ๐ฌ๐œ๐ก ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ and local suppliers, are strengthening the supply chain to cater to domestic and export markets.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐'๐ฌ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Thailand, known as the "Detroit of Asia," is witnessing significant growth in its automotive drive shaft market, thanks to its robust vehicle export industry. Major players, including ๐†๐Š๐ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž and ๐ƒ๐š๐ง๐š ๐ˆ๐ง๐œ๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž๐, are investing in production facilities. Government policies promoting electric vehicles are driving demand for innovative drive shaft systems tailored to EV requirements.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/27068/

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ

The US market is characterized by high investments in research and development for electric and hybrid vehicle components. Key industry players like ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š๐ง ๐€๐ฑ๐ฅ๐ž & ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  and ๐Œ๐ž๐ซ๐ข๐ญ๐จ๐ซ ๐ˆ๐ง๐œ. are adopting advanced manufacturing processes to produce lightweight and high-strength drive shafts. Recent mergers, such as ๐ƒ๐š๐ง๐š ๐ˆ๐ง๐œ๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž๐'๐ฌ acquisition of SME Drive Systems, are fueling market consolidation and innovation.

๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž'๐ฌ ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Europe's automotive industry is witnessing rapid adoption of electric vehicles, significantly impacting the demand for advanced drive shaft systems. Leading automakers such as ๐•๐จ๐ฅ๐ค๐ฌ๐ฐ๐š๐ ๐ž๐ง and ๐๐Œ๐– are partnering with ๐†๐Š๐ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž to develop components that enhance vehicle performance and efficiency. Additionally, stringent EU regulations on emissions are pushing manufacturers to invest in sustainable technologies.

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐€๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐‹๐ข๐ ๐ก๐ญ๐ฐ๐ž๐ข๐ ๐ก๐ญ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ๐ฌ: Leading manufacturers, including Dana Incorporated and GKN Automotive, have introduced drive shafts made of advanced composites to reduce weight while enhancing durability and performance.

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐ˆ๐ง๐ญ๐ž๐ ๐ซ๐š๐ญ๐ข๐จ๐ง: With the surge in electric vehicle production, companies like American Axle & Manufacturing have developed specialized drive shafts to cater to EV requirements, emphasizing efficiency and reduced energy loss.

๐‚๐จ๐ฅ๐ฅ๐š๐›๐จ๐ซ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ ๐๐š๐ซ๐ญ๐ง๐ž๐ซ๐ฌ๐ก๐ข๐ฉ๐ฌ: Recent collaborations, such as ZF Friedrichshafen partnering with tech firms to integrate smart sensors in drive shafts, are reshaping the market by introducing predictive maintenance features.

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐˜๐จ๐ฎ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž: https://www.maximizemarketresearch.com/request-sample/27068/ ๏ปฟ

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Type

Flexible Drive-Shaft
Torque Tube Drive-Shaft
Hotchkiss Drive-Shaft

by Vehicle Type

Passenger Vehicles
Commercial Vehicle

by Position

Rear Wheel
Front Wheel

๐…๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐๐ฅ๐ž๐š๐ฌ๐ž ๐•๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/global-automotive-drive-shaft-market/27068/

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ž ๐’๐ก๐š๐Ÿ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1.GKN Plc
2.Nexteer Automotive
3.NTN Corporation
4.Hyundai WIA
5.Trelleborg AB
6.Xuchang Yuangdong Driveshaft Co., Ltd
7.Neapco Holdings, LLC
8.Dana Incorporated
9.American Axle Manufacturing
10.Showa
11.Lingyun
12.Danchuan
13.IFA Rotorion
14.Hengli
15.Melrose Industries PLC
16.Advanced Composite Products & Technology, Inc.
17.Bailey Morris Limited
18.D& F Propshafts
19.Meritor, Inc.
20.Metal Powder Products Company
21.The Timken Company

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

โ™ฆ Agrivoltaics market https://www.maximizemarketresearch.com/market-report/agrivoltaics-market/184243/

โ™ฆ Global Frozen Pizza Market https://www.maximizemarketresearch.com/market-report/global-frozen-pizza-market/22053/

โ™ฆ Carbon Management Software Market https://www.maximizemarketresearch.com/market-report/global-carbon-management-software-market/108489/

โ™ฆ Plastic Additives Market https://www.maximizemarketresearch.com/market-report/global-plastic-additives-market/21769/

โ™ฆ Global Linear Actuators Market https://www.maximizemarketresearch.com/market-report/global-linear-actuators-market/40716/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Drive Shaft Market is anticipated to expand at a CAGR of 7.32 percentage from 2024 to 2030 here

News-ID: 3781591 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD

Ultrafiltered Milk Market Valued at USD 8.36 Billion in 2024, Anticipated to Grow at 4.6% CAGR Through 2032
10-07-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD
Ultrafiltered Milk Market Valued at USD 8.36 Billion in 2024, Anticipated to Gro โ€ฆ
The Ultrafiltered Milk Market size was valued at USD 8.36 Billion in 2024 and the total Ultrafiltered Milk revenue is expected to grow at a CAGR of 4.6% from 2025 to 2032, reaching nearly USD 11.99 Billion. Ultrafiltered Milk Market Overview: Ultrafiltered milk is gaining increasing attention in the dairy and functional food sectors thanks to its enhanced nutritional profile. Through a specialized membrane filtration process, ultrafiltration concentrates higher-molecular weight componentsโ€ฆ
Bath Towel Market to Grow from USD 10.46 Billion by 2032 at a CAGR of 6.7 %
10-07-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD
Bath Towel Market to Grow from USD 10.46 Billion by 2032 at a CAGR of 6.7 %
The Bath Towel Market size reached USD 6.23 Bn in 2024 and is expected to reach USD 10.46 Bn by 2032, growing at a CAGR of 6.7 % during the forecast period. Bath Towel Market Overview: The bath towel industry is witnessing steady expansion, fueled by consumers' increasing focus on hygiene, comfort, and home aesthetics. High demand for plush, absorbent towels made of luxury materials such as Egyptian cotton, Turkish cotton,โ€ฆ
Carob Market to Reach USD 374.76 Million by 2032 Growing at a 5.3% CAGR
10-07-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD
Carob Market to Reach USD 374.76 Million by 2032 Growing at a 5.3% CAGR
The global Carob Market was valued at USD 247.92 million in 2024 and is projected to reach USD 374.76 million by 2032, expanding at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2025 to 2032. Carob Market Overview: The carob market is experiencing significant growth, driven by its increasing popularity as a natural sweetener and plant-based alternative to chocolate. Derived from the seed pods of the carobโ€ฆ
Welding Electrode Market Expected To Reach USD 11.27 Bn by 2032
10-07-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD
Welding Electrode Market Expected To Reach USD 11.27 Bn by 2032
The Welding Electrode Market size was valued at USD 5.70 Billion in 2024 and the total Welding Electrode revenue is expected to grow at a CAGR of 8.9 % from 2025 to 2032, reaching nearly USD 11.27 Billion. Welding Electrode Market Overview: The Welding Electrode Market is evolving as a critical segment within the global manufacturing and construction industries. Welding electrodes are essential consumables that enable reliable and efficient joining ofโ€ฆ

All 5 Releases


More Releases for Drive

09-10-2025 | Business, Economy, Finances, B โ€ฆ
STATS N DATA
Harmonic Drive Gearbox Market 7.50% CAGR Growth with GAM Cone Drive Datorker Sch โ€ฆ
The Harmonic Drive Gearbox market is poised for significant growth in the coming years, driven by the increasing demand for precision motion control across various industries. This specialized gearbox is known for its unique design, which allows for high torque transmission, compact size, and exceptional accuracy. These attributes make Harmonic Drive Gearboxes particularly attractive for applications in robotics, aerospace, medical devices, and industrial automation. As industries continue to advance towardโ€ฆ
08-26-2025 | Tourism, Cars, Traffic
Dream Drive Ranchi
Dream Drive Brings Self-Drive Car Rental Services to Ranchi
Ranchi, Jharkhand - Dream Drive, Ranchi's newest and most trusted self-drive car rental service, is redefining the way people travel in the city. With a fleet of brand-new, well-maintained cars, Dream Drive offers customers the freedom to drive on their own terms at affordable rates. From compact hatchbacks to spacious SUVs and premium sedans, Dream Drive has a car for every occasion - whether it's a family outing, business trip, wedding,โ€ฆ
02-21-2025 | Consumer Goods & Retail
Market Research Intellect
Electric Axle Drive And Wheel Drive Market Size Analysis by Application, Type, a โ€ฆ
USA, New Jersey- According to Market Research Intellect, the global Electric Axle Drive And Wheel Drive market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The growing popularity of electric vehicles (EVs) and improvements in drivetrain technologies are propelling the market for electric axle drive andโ€ฆ
01-20-2025 | Industry, Real Estate & Constr โ€ฆ
HTF Market Intelligence Consulting Private Limited
Harmonic Drive Market to Witness Stunning Growth | Major Giants Harmonic Drive S โ€ฆ
HTF MI recently introduced Global Harmonic Drive Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Harmonic Drive Systems Inc., Sumitomo, Cone Drive, Beijing CTKM, ABB, Nabtesco. Download Sample Reportโ€ฆ
10-20-2020 | Business, Economy, Finances, B โ€ฆ
Marketandresearch.biz
Global Land Top Drive Market 2020, Land Top Drive Market, Land Top Drive Market โ€ฆ
Global Land Top Drive Market Growth 2020-2025 released by MarketandResearch.biz embarks with industry overview which clarifies value chain structure, industrial environment, market size, market share, regional analysis, application, and forecast. The report outlines the development factors improving or hampering the market advancement, major ruling organizations, monetary circumstance, and veritable certainties. This research is exceptionally advantageous to pursuers. This research refines variations of the global Land Top Drive market to helpโ€ฆ
05-24-2017 | Industry, Real Estate & Constr โ€ฆ
marketsizeforecasters.com
Harmonic Drive Market Forecasts โ€“ HDSI, Leaderdrive, Beijing CTKM Harmonic Dri โ€ฆ
For overview analysis, the report introduces Harmonic Drive Market basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc. Harmonic Drive Market : Harmonic Drive is a compact, high performance, precision reduction gear. It is one of the key components used in robotic products such as collaborative work robots. The gear consists of only 3 basic parts (Wave Generator, Flex spline, and Circular Spline). Itโ€ฆ