Automotive drive shaft is a mechanical part that translates the torque generated by a vehicle's engine into usable motive force to propel the vehicle. Automotive drive shaft can be divided into propeller shaft and half shaft. The propeller shaft deliver power from an engine/transmission to the other end of the vehicle before it goes to the wheels. It is used on front engine rear wheel drive and most 4-wheel drive vehicles it couples the transmission with the rear differential. There is also a pair of shorter drive shafts often used to carry torque from a transaxle to the wheels. It is used in all kinds of vehicles and the number of half shafts varied with the drive mode.
Market Analysis and Insights: Global Automotive Drive Shaft Market
Due to the COVID-19 pandemic, the global Automotive Drive Shaft market size is estimated to be worth US$ 7952.2 million in 2021 and is forecast to a readjusted size of US$ 10570 million by 2028 with a CAGR of 4.1% during the forecast period 2022-2028.
Global Automotive Drive Shaft key players include SDS, Wanxiang Qianchao, NTN, Yuandong Transmission Shaft, GSP Automotive Group, etc. Global top five manufacturers hold a share about 60%. China is the largest market, with a share about 30%, followed by Europe, with a share about 25 percent. In terms of product, Half Shaft is the largest segment, with a share about 75%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.
Global Automotive Drive Shaft Scope and Market Size
The global Automotive Drive Shaft market is segmented by region (country), company, by Type and by Application. Players, stakeholders, and other participants in the global Automotive Drive Shaft market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Half Shaft
Propeller Shaft
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Company
GKN
NTN
JTEKT
SDS
Dana
Nexteer
IFA Rotorion
AAM
Wanxiang Qianchao
Neapco
Hyundai-Wia
Yuandong Transmission Shaft
Showa
Fawer Automotive Parts
GSP Automotive Group
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E