Press release
Automotive Drive Shaft Market Estimated to Grow to USD 23.6 Billion by 2035, Benefiting from Industry Stability and Innovation - TMR insights
Automotive Drive Shaft Market
The global automotive drive shaft market is poised for steady yet significant transformation over the next decade. Valued at US$ 18.9 billion in 2024, the market is projected to grow at a CAGR of 1.9% from 2025 to 2035, reaching approximately US$ 23.6 billion by the end of 2035. While the growth rate may appear modest, the market is undergoing a crucial structural shift driven by automotive electrification, lightweight material innovations, and global OEM consolidation.
Don't miss out on the latest market intelligence. Get your sample today@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18383
The drive shaft remains a critical component of the vehicle drivetrain, transmitting torque from the engine (or electric motor) to the wheels. As the automotive industry pivots toward electric vehicles (EVs) and hybrid powertrains, drive shaft designs are evolving to support higher efficiency, improved torque delivery, and reduced vehicle weight-presenting a wave of innovation opportunities for component suppliers.
Leading Market Players
• Advanced Composite Products & Technology Inc.
• American Axle & Manufacturing, Inc.
• Bailey Morris Limited
• Comer Industries Spa
• Cyner Industrial Co., Ltd.
• D & F PROPSHAFTS
• Dana Limited
• GKN Automotive Limited
• GKN Plc.
• HYUNDAI WIA CORP.
• IFA Group
• Johnson Power, Ltd.
• JTEKT Corporation
• Kalyani Mobility Drivelines
• Mark Williams Enterprises Inc.
• Neapco
• Nexteer Automotive Group Ltd.
• Precision Shaft Technologies
• Quigley Motor Company, Inc.
• Shaftec Automotive Components Ltd
• Stromag GmbH
• Wilson Drive Shaft
• Among Others
These players are continuously investing in advanced manufacturing, R&D, and automation to deliver high-performance and cost-effective drive shaft solutions for OEMs around the world.
Key Developments in the Automotive Drive Shaft Market
• In January 2025, American Axle & Manufacturing (AAM) announced an agreement to acquire Dowlais Group plc, the parent company of GKN Automotive. This strategic move aims to reshape the global driveline and metal-forming technology landscape, reinforcing AAM's position across both internal combustion engine (ICE) and electric vehicle (EV) segments.
• In September 2023, GKN Automotive opened a new manufacturing facility in Felsozsolca, near Miskolc, Hungary, dedicated to producing sideshafts. This expansion supports the company's commitment to electrification by increasing the output of critical components for electric vehicles.
Key Market Drivers
1. Transition to Electric & Hybrid Vehicles
EVs and hybrid vehicles often feature compact driveline architectures but still require robust drive shafts-particularly in all-wheel-drive (AWD) and performance variants. Manufacturers are redesigning drive shafts to handle higher torque loads while maintaining lightweight profiles essential for energy efficiency.
2. Demand for Lightweight Materials
The growing need to reduce vehicle weight for fuel economy and emissions compliance is pushing manufacturers toward carbon fiber, aluminum, and composite materials in drive shaft design. These materials offer high torsional strength and low rotational inertia, boosting both performance and efficiency.
3. Growth of All-Wheel Drive & SUVs
The surging demand for SUVs and AWD vehicles globally-especially in North America, Europe, and emerging Asian markets-is fueling demand for front and rear drive shafts. These vehicles often require more complex, multi-joint driveline systems that elevate demand for precision-engineered components.
4. OEM-Supplier Consolidation & Strategic Alliances
Major players are consolidating operations and forming strategic partnerships to strengthen R&D capabilities and expand their global footprint. These alliances aim to create economies of scale, improve component integration, and accelerate innovation in driveline technology.
Discuss Implications for Your Industry Request Sample Research PDF@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18383
Key Segments & Opportunities
By Type
• Propeller Shaft (RWD, 4WD, AWD)
• Half Shaft (FWD & AWD vehicles)
• Slip-in-Tube Driveshafts (enhanced durability and compact designs)
By Material
• Steel (high durability and affordability)
• Aluminum (lightweight and corrosion-resistant)
• Carbon Fiber Composites (superior strength-to-weight ratio for performance and EVs)
By Vehicle Type
• Passenger Cars (urban mobility and growing EV adoption)
• Light Commercial Vehicles (LCVs) (logistics and last-mile delivery growth)
• Heavy Commercial Vehicles (HCVs) (construction, mining, and defense mobility solutions)
By Propulsion Type
• ICE Vehicles
• Hybrid Electric Vehicles (HEVs)
• Battery Electric Vehicles (BEVs)
• Plug-in Hybrid Electric Vehicles (PHEVs)
Regional Insights
Asia-Pacific
Asia-Pacific remains the largest and most dynamic region due to:
• Dominance of countries like China, India, Japan, and South Korea in automotive manufacturing
• Rapid electrification and local OEM demand
• Strong supplier base with global export capabilities
North America
Characterized by:
• High demand for AWD SUVs and trucks
• Technological innovation and R&D hubs
• Consolidated presence of Tier 1 suppliers and OEMs
Europe
A leader in:
• EV driveline innovation
• Lightweight material adoption
• Stringent emissions regulations pushing for efficient and clean mobility solutions
Emerging Trends to Watch
• Electrified Drive Shafts with Integrated Motors (e-axles) for enhanced torque vectoring and power distribution
• Modular Driveshaft Systems tailored to flexible EV architectures
• 3D-printed and Additive Manufactured Driveline Components for custom applications
• Condition Monitoring Sensors in smart drive shafts for predictive maintenance
• Automated Production Lines to meet global volume and precision requirements
To buy this comprehensive market research report, click here to inquire@ https://www.transparencymarketresearch.com/checkout.php?rep_id=18383<ype=S
Why Buy This Report?
• Strategic Market Forecasts: Includes detailed projections up to 2035 to support business planning and investments.
• In-Depth Industry Analysis: Insights into evolving technologies, materials, and use-cases in ICE and EV applications.
• Competitive Benchmarking: Profiles of key global manufacturers with SWOT insights and market share analysis.
• Technology & Innovation Focus: Understand how electrification and lightweighting are transforming drive shaft design.
• Regional Opportunity Mapping: Uncover high-growth areas and regulatory trends influencing OEM and Tier 1 strategies.
• Actionable Intelligence for Manufacturers: Pinpoint high-potential segments, strategic moves, and product development priorities.
More Trending Research Press Reports-
• Automotive Chip Market Size Forecast to USD 146.7 Billion by 2034 as Semiconductor Demand Surges - TMR- https://www.openpr.com/news/3774260/automotive-chip-market-size-forecast-to-usd-146-7-billion-by-2034
• Automotive SoC Market Set to Achieve USD 114.87 Billion by 2034, Driven by Demand for Smart and Connected Cars - TMR- https://www.openpr.com/news/3774238/automotive-soc-market-set-to-achieve-usd-114-87-billion-by-2034
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact Us-
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
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 Estimated to Grow to USD 23.6 Billion by 2035, Benefiting from Industry Stability and Innovation - TMR insights here
News-ID: 3995315 • Views: …
More Releases from Transparency Market Research Pvt Ltd
Resistance Spot Welding Machines Market Expected to Expand at 5.9% CAGR, Reachin …
Resistance Spot Welding Machines Market Outlook 2034
The global resistance spot welding machines market was valued at US$ 3.4 Billion in 2023 and is expected to reach US$ 6.2 Billion by 2034, growing at a CAGR of 5.9% from 2024 to 2034. Rising demand from the automotive and manufacturing industries, where high-speed and reliable welding processes are essential, is fueling market growth. Technological advancements and increasing automation in production lines are…
Electrolyzer Market Size Forecast to USD 5.6 Billion by 2034 with a Focus on Gre …
Electrolyzer Market Outlook 2034
The global electrolyzer market was valued at US$ 509.9 Million in 2023 and is projected to reach US$ 5.6 Billion by 2034, growing at a remarkable CAGR of 24.5% from 2024 to 2034. Surging demand for green hydrogen as a clean energy source is a major driver of market growth. Supportive government policies, advancements in electrolyzer technologies, and the global push toward decarbonization are further accelerating the…
Global Demand for Functional and Fashionable Sportswear to Push Golf Apparel & S …
Golf Apparel and Shoes Market Outlook 2034
The global golf apparel & shoes market was valued at US$ 10.0 Billion in 2023 and is expected to reach US$ 16.7 Billion by 2034, growing at a CAGR of 4.9% from 2024 to 2034. Market growth is driven by the rising popularity of golf as both a recreational and professional sport, along with increasing participation rates globally. Innovation in performance-enhancing fabrics and footwear…
Rising Demand for Eco-friendly Menstrual Solutions to Propel Organic Period Care …
Organic Period Care Products Market Outlook 2034
The global organic period care products market was valued at US$ 2.6 Bn in 2023 and is projected to reach US$ 5.2 Bn by 2034, expanding at a CAGR of 6.6% from 2024 to 2034. Growth is fueled by rising consumer awareness about menstrual health, environmental sustainability, and the harmful effects of synthetic materials. Increasing preference for chemical-free, biodegradable, and skin-friendly products is driving…
More Releases for Mark
MARK WAHLBERG INSTANT EARWORMS!
A jingle for Mark Wahlberg and Wahlburgers ( link below ). Host and enthusiastic Wahlburgers fan DeeDee from CRAZY JOURNEYS with DeeDee is putting out an open invitation to Mark Wahlberg himself - to join her for a fun, fresh photo retake at one of his legendary Wahlburgers locations.
Why? Because every great journey deserves a great snapshot- and the magic of an awesome burger.
DeeDee, whose content on YouTube has…
INTERVIEW: MARK JAMES SCOTT
I sat down with Brand Consultant, Designer & Creative Director Mark James Scott who is making an Impact in the Hip Hop World, in both the UK and the US. We talked working with Artists from The Game and Music Mogul Diddy, to his own Music and more..
BY SASHA JENKINS
WHAT SETS YOU APART FROM OTHERS IN YOUR FIELD?
I didn't study Design. I studied Psychology for 6 years and gained my Masters…
Impressionist landscape artist - Mark Briscoe
I am Mark Briscoe, Bristish artist well established in the field of Chinoiserie furniture decoration and restoration of antique lacquer. But the techniques for fine art easel painting in the wonderful manner of the old masters is something which I have been exploring in great earnest over the last two years as a long cherished desire. And while I cannot claim to have come anywhere near their heights, I have…
Mark de Clive-Lowe
On Thursday, May 3rd, 2012 internationally known musician Mark de Clive-Lowe (MdCL), will take the stage at The Beehive, located in Boston, MA, for a special performance of his revolutionary sound. Be there from 9:30PM to 1:00AM as MdCL plays impromptu remixes created from scratch, on the spot using drum machines, keyboards and special effects. He will start with a jazz-oriented set and crank up the intensity with his signature…
Trade Mark Act
Neoinfo Solutions Pvt. LTD is an IT based company with its main office located in Jaipur(rajasthan). Our expertise lies in the domain of Website Designing development portal development,maintenance software consulting, designing development , implimentation, training and maitenance.In the journey of achieving our combined business and social goals we have kept in mind and have always strictly followed all our data security policies to ensure that all informations of our clients…
Trade mark Act
Neoinfo Solutions Pvt. LTD is an IT based company with its main office located in Jaipur(rajasthan). Our expertise lies in the domain of Website Designing development portal development,maintenance software consulting, designing development , implimentation, training and maitenance.In the journey of achieving our combined business and social goals we have kept in mind and have always strictly followed all our data security policies to ensure that all informations of our clients…
