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Market Snapshot

CAGR:6.25

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.25

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Report Overview

Automotive Driveshaft Market Analysis Report 2023-2032:

The Automotive Driveshaft Market size is estimated to grow at a CAGR of 5.25% between 2022 and 2032. The market size is forecast to increase by USD 9,356.78 million. The growth of the market depends on several factors, including the increasing demand for automobiles, advancements in automotive technology, and the shift towards electric and hybrid vehicles. An automotive driveshaft is a crucial component in a vehicle's powertrain system, responsible for transmitting torque from the engine to the wheels, allowing the vehicle to move.

Automotive Driveshaft Market Overview:

Drivers:

One of the key factors driving the automotive driveshaft market growth is the rising demand for automobiles worldwide. The automotive industry has experienced steady growth due to factors such as urbanization, increasing disposable incomes, and the need for efficient transportation. As the production of automobiles continues to rise, the demand for driveshafts also increases, since they are an integral part of most vehicles.

Moreover, advancements in automotive technology have led to the development of lightweight and durable driveshaft materials, improving the overall efficiency and performance of vehicles. Additionally, the shift towards electric and hybrid vehicles, which require specialized driveshaft designs, further contributes to the market's expansion.

Trends:

A key trend shaping the automotive driveshaft market growth is the adoption of carbon fiber and composite materials for manufacturing driveshafts. These materials offer significant weight reduction benefits compared to traditional steel driveshafts, leading to improved fuel efficiency and reduced emissions in traditional internal combustion engine vehicles. Furthermore, in electric vehicles, lightweight driveshafts contribute to increased range and battery efficiency.

Additionally, the increasing focus on autonomous driving technology and advanced driver assistance systems (ADAS) has spurred the development of innovative driveshaft solutions that can accommodate the unique requirements of self-driving vehicles. As the automotive industry continues to evolve, these trends are expected to drive market growth during the forecast period.

Restraints:

One of the key challenges hindering the automotive driveshaft market growth is the complexity of designing driveshafts for electric and hybrid vehicles. Unlike traditional vehicles, electric and hybrid vehicles have different powertrains, which demand specialized driveshaft configurations. Designing and manufacturing these customized driveshafts can be more complex and costly, impacting the overall production process.

Furthermore, the adoption of electric vehicles is expected to reduce the demand for driveshafts in the long term, as electric vehicles typically use a different drivetrain setup, such as electric motors in each wheel. This shift may pose a challenge for driveshaft manufacturers in terms of adapting to changing market dynamics.

Automotive Driveshaft Market Segmentation By Application: The passenger vehicles segment is estimated to witness significant growth during the forecast period. Driveshafts are a critical component in passenger vehicles, connecting the engine to the wheels and enabling the vehicle's movement. As the global population continues to grow, the demand for personal transportation in the form of passenger cars remains high. Therefore, the passenger vehicles segment is expected to drive the growth of the automotive driveshaft market.

Commercial vehicles, including trucks and buses, also represent a substantial market segment for driveshafts. These vehicles require robust and durable driveshaft solutions to withstand heavy loads and long-distance travel.

Automotive Driveshaft Market Segmentation By Type: The constant velocity (CV) joint driveshaft segment is expected to experience significant growth during the forecast period. CV joint driveshafts are known for their smooth and efficient power transmission, making them ideal for passenger vehicles, especially front-wheel-drive vehicles. The adoption of front-wheel-drive configurations in many passenger cars contributes to the demand for CV joint driveshafts.

Additionally, the market for composite driveshafts is anticipated to grow, driven by the aforementioned trend of lightweighting and the use of advanced materials in the automotive industry. Composite driveshafts offer a balance between strength and weight reduction, making them suitable for various vehicle types.

Regional Overview:

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North America is estimated to contribute significantly to the growth of the global automotive driveshaft market during the forecast period. The region has a well-established automotive industry, with a high demand for both passenger and commercial vehicles. Additionally, the adoption of electric and hybrid vehicles is on the rise in North America, further stimulating the market for specialized driveshaft solutions.

Europe is another key region in the automotive driveshaft market, with countries like Germany, the United Kingdom, and France being major automotive manufacturing hubs. The region's commitment to reducing carbon emissions and promoting electric mobility is expected to drive the demand for advanced driveshaft technologies.

In 2020, the COVID-19 pandemic temporarily disrupted the automotive industry, leading to production slowdowns and supply chain interruptions. However, as vaccination efforts progressed in 2021, the automotive sector regained momentum, contributing to the recovery of the automotive driveshaft market.

Automotive Driveshaft Market Customer Landscape: The automotive driveshaft market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Who are the Major Automotive Driveshaft Market Companies? Companies in the automotive driveshaft market are implementing various strategies to enhance their presence in the market. Some of the key players in the market include:

GKN Automotive Limited
American Axle & Manufacturing, Inc.
Dana Incorporated
Nexteer Automotive
JTEKT Corporation
NTN Corporation
Hyundai WIA Corporation
IFA Rotorion Holding GmbH
Neapco Holdings, LLC
Meritor, Inc.

These companies are actively involved in strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches to stay competitive and meet the evolving demands of the automotive driveshaft market.

Segment Overview:

The automotive driveshaft market report forecasts market growth by revenue at global, regional, and country levels. It provides an analysis of the latest trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

Passenger Vehicles
Commercial Vehicles (Trucks and Buses)

Type Outlook (USD Million, 2019 - 2032):

Constant Velocity (CV) Joint Driveshafts
Universal Joint Driveshafts
Composite Driveshafts
Others

Geography Outlook (USD Million, 2019 - 2032):

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

Asia-Pacific (APAC)

China
India

South America

Brazil
Argentina
Chile

Middle East & Africa

Saudi Arabia
South Africa
Rest of the Middle East & Africa

Table of Contents
Chapter 1 Overview of Automotive Driveshaft
1.1 Definition of Automotive Driveshaft in This Report
1.2 Commercial Types of Automotive Driveshaft
1.2.1 Front-Wheel Drive
1.2.2 Rear-Wheel Drive
1.2.3 Four-Wheel Drive
1.3 Downstream Application of Automotive Driveshaft
1.3.1 Passenger
1.3.2 Commercial Vehicle
1.4 Development History of Automotive Driveshaft
1.5 Market Status and Trend of Automotive Driveshaft 2013-2023
1.5.1 Global Automotive Driveshaft Market Status and Trend 2013-2023
1.5.2 Regional Automotive Driveshaft Market Status and Trend 2013-2023
Chapter 2 Global Market Status and Forecast by Regions
2.1 Market Development of Automotive Driveshaft 2013-2017
2.2 Production Market of Automotive Driveshaft by Regions
2.2.1 Production Volume of Automotive Driveshaft by Regions
2.2.2 Production Value of Automotive Driveshaft by Regions
2.3 Demand Market of Automotive Driveshaft by Regions
2.4 Production and Demand Status of Automotive Driveshaft by Regions
2.4.1 Production and Demand Status of Automotive Driveshaft by Regions 2013-2017
2.4.2 Import and Export Status of Automotive Driveshaft by Regions 2013-2017
Chapter 3 Global Market Status and Forecast by Types
3.1 Production Volume of Automotive Driveshaft by Types
3.2 Production Value of Automotive Driveshaft by Types
3.3 Market Forecast of Automotive Driveshaft by Types
Chapter 4 Global Market Status and Forecast by Downstream Industry
4.1 Demand Volume of Automotive Driveshaft by Downstream Industry
4.2 Market Forecast of Automotive Driveshaft by Downstream Industry
Chapter 5 Market Driving Factor Analysis of Automotive Driveshaft
5.1 Global Economy Situation and Trend Overview
5.2 Automotive Driveshaft Downstream Industry Situation and Trend Overview
Chapter 6 Automotive Driveshaft Market Competition Status by Major Manufacturers
6.1 Production Volume of Automotive Driveshaft by Major Manufacturers
6.2 Production Value of Automotive Driveshaft by Major Manufacturers
6.3 Basic Information of Automotive Driveshaft by Major Manufacturers
6.3.1 Headquarters Location and Established Time of Automotive Driveshaft Major Manufacturer
6.3.2 Employees and Revenue Level of Automotive Driveshaft Major Manufacturer
6.4 Market Competition News and Trend
6.4.1 Merger, Consolidation or Acquisition News
6.4.2 Investment or Disinvestment News
6.4.3 New Product Development and Launch
Chapter 7 Automotive Driveshaft Major Manufacturers Introduction and Market Data
7.1 GKN
7.1.1 Company profile
7.1.2 Representative Automotive Driveshaft Product
7.1.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of GKN
7.2 merican Axle& Manufacturing
7.2.1 Company profile
7.2.2 Representative Automotive Driveshaft Product
7.2.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of merican Axle& Manufacturing
7.3 HYUNDAI WIA
7.3.1 Company profile
7.3.2 Representative Automotive Driveshaft Product
7.3.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of HYUNDAI WIA
7.4 A1 Cardone
7.4.1 Company profile
7.4.2 Representative Automotive Driveshaft Product
7.4.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of A1 Cardone
7.5 Dorman
7.5.1 Company profile
7.5.2 Representative Automotive Driveshaft Product
7.5.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of Dorman
7.6 PowerTrain Industries
7.6.1 Company profile
7.6.2 Representative Automotive Driveshaft Product
7.6.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of PowerTrain Industries
7.7 Pro Comp
7.7.1 Company profile
7.7.2 Representative Automotive Driveshaft Product
7.7.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of Pro Comp
7.8 Metro Aviation
7.8.1 Company profile
7.8.2 Representative Automotive Driveshaft Product
7.8.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of Metro Aviation
7.9 Rega
7.9.1 Company profile
7.9.2 Representative Automotive Driveshaft Product
7.9.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of Rega
7.10 DRF
7.10.1 Company profile
7.10.2 Representative Automotive Driveshaft Product
7.10.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of DRF
7.11 ADAC Service GmbH
7.11.1 Company profile
7.11.2 Representative Automotive Driveshaft Product
7.11.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of ADAC Service GmbH
7.12 Royal Flying Doctor Service
7.12.1 Company profile
7.12.2 Representative Automotive Driveshaft Product
7.12.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of Royal Flying Doctor Service
7.13 REVA Air Ambulance
7.13.1 Company profile
7.13.2 Representative Automotive Driveshaft Product
7.13.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of REVA Air Ambulance
7.14 AMR
7.14.1 Company profile
7.14.2 Representative Automotive Driveshaft Product
7.14.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of AMR
7.15 FAI
7.15.1 Company profile
7.15.2 Representative Automotive Driveshaft Product
7.15.3 Automotive Driveshaft Sales, Revenue, Price and Gross Margin of FAI
7.16 Capital Air Ambulance
7.17 Native American Air Ambulance
7.18 Lifeguard Ambulance
Chapter 8 Upstream and Downstream Market Analysis of Automotive Driveshaft
8.1 Industry Chain of Automotive Driveshaft
8.2 Upstream Market and Representative Companies Analysis
8.3 Downstream Market and Representative Companies Analysis
Chapter 9 Cost and Gross Margin Analysis of Automotive Driveshaft
9.1 Cost Structure Analysis of Automotive Driveshaft
9.2 Raw Materials Cost Analysis of Automotive Driveshaft
9.3 Labor Cost Analysis of Automotive Driveshaft
9.4 Manufacturing Expenses Analysis of Automotive Driveshaft
Chapter 10 Marketing Status Analysis of Automotive Driveshaft
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Report Conclusion
Chapter 12 Research Methodology and Reference
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Reference

List of Tables

Table Advantage and Disadvantage of Front-Wheel Drive
Table Advantage and Disadvantage of Rear-Wheel Drive
Table Advantage and Disadvantage of Four-Wheel Drive
Table Production Volume of Automotive Driveshaft by Regions 2013-2017
Table Production Value of Automotive Driveshaft by Regions 2013-2017
Table Demand Volume of Automotive Driveshaft by Regions 2013-2017
Table Production and Demand Status of Automotive Driveshaft in Region One 2013-2017
Table Production and Demand Status of Automotive Driveshaft in Region Two 2013-2017
Table Production and Demand Status of Automotive Driveshaft in Region Three 2013-2017
Table Production and Demand Status of Automotive Driveshaft in Region Four 2013-2017
Table Import Volume of Automotive Driveshaft by Regions 2013-2017
Table Export Volume of Automotive Driveshaft by Regions 2013-2017
Table Production Volume of Automotive Driveshaft by Types 2013-2017
Table Production Value of Automotive Driveshaft by Types 2013-2017
Table Production Volume Forecast of Automotive Driveshaft by Types 2018-2023
Table Production Value Forecast of Automotive Driveshaft by Types 2018-2023
Table Demand Volume of Automotive Driveshaft by Downstream Industry 2013-2017
Table Demand Volume Forecast of Automotive Driveshaft by Downstream Industry 2018-2023
Table Production Volume of Automotive Driveshaft by Major Manufacturers 2013-2017
Table Production Value of Automotive Driveshaft by Major Manufacturers 2013-2017
Table Headquarters Location and Established Time of Automotive Driveshaft Major Manufacturer
Table Employees and Revenue Level of Automotive Driveshaft Major Manufacturer
Table Representative Automotive Driveshaft Product One of GKN
Table Representative Automotive Driveshaft Product Two of GKN
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of GKN 2013-2017
Table Representative Automotive Driveshaft Product One of merican Axle& Manufacturing
Table Representative Automotive Driveshaft Product Two of merican Axle& Manufacturing
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of merican Axle& Manufacturing 2013-2017
Table Representative Automotive Driveshaft Product One of HYUNDAI WIA
Table Representative Automotive Driveshaft Product Two of HYUNDAI WIA
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of HYUNDAI WIA 2013-2017
Table Representative Automotive Driveshaft Product One of A1 Cardone
Table Representative Automotive Driveshaft Product Two of A1 Cardone
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of A1 Cardone 2013-2017
Table Representative Automotive Driveshaft Product One of Dorman
Table Representative Automotive Driveshaft Product Two of Dorman
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of Dorman 2013-2017
Table Representative Automotive Driveshaft Product One of PowerTrain Industries
Table Representative Automotive Driveshaft Product Two of PowerTrain Industries
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of PowerTrain Industries 2013-2017
Table Representative Automotive Driveshaft Product One of Pro Comp
Table Representative Automotive Driveshaft Product Two of Pro Comp
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of Pro Comp 2013-2017
Table Representative Automotive Driveshaft Product One of Metro Aviation
Table Representative Automotive Driveshaft Product Two of Metro Aviation
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of Metro Aviation 2013-2017
Table Representative Automotive Driveshaft Product One of Rega
Table Representative Automotive Driveshaft Product Two of Rega
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of Rega 2013-2017
Table Representative Automotive Driveshaft Product One of DRF
Table Representative Automotive Driveshaft Product Two of DRF
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of DRF 2013-2017
Table Representative Automotive Driveshaft Product One of ADAC Service GmbH
Table Representative Automotive Driveshaft Product Two of ADAC Service GmbH
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of ADAC Service GmbH 2013-2017
Table Representative Automotive Driveshaft Product One of Royal Flying Doctor Service
Table Representative Automotive Driveshaft Product Two of Royal Flying Doctor Service
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of Royal Flying Doctor Service 2013-2017
Table Representative Automotive Driveshaft Product One of REVA Air Ambulance
Table Representative Automotive Driveshaft Product Two of REVA Air Ambulance
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of REVA Air Ambulance 2013-2017
Table Representative Automotive Driveshaft Product One of AMR
Table Representative Automotive Driveshaft Product Two of AMR
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of AMR 2013-2017
Table Representative Automotive Driveshaft Product One of FAI
Table Representative Automotive Driveshaft Product Two of FAI
Table Automotive Driveshaft Sales, Revenue, Price and Gross Margin of FAI 2013-2017

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Automotive Driveshaft Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032