How big is the Automotive Drive Shaft Market?

The Automotive Drive Shaft Market size is expected to reach USD 74.26 billion in 2024 and grow at a CAGR of 6.54% to reach USD 101.94 billion by 2029. Read More

What is the current Automotive Drive Shaft Market size?

In 2024, the Automotive Drive Shaft Market size is expected to reach USD 74.26 billion. Read More

Who are the key players in Automotive Drive Shaft Market?

Dana Incorporated, GKN PLC (Melrose Industries PLC), JTEKT Corporation, American Axle & Manufacturing Co. Ltd and Hyundai Wia Corporation are the major companies operating in the Automotive Drive Shaft Market. Read More

Which is the fastest growing region in Automotive Drive Shaft Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Drive Shaft Market?

In 2024, the Asia-Pacific accounts for the largest market share in Automotive Drive Shaft Market. Read More

What years does this Automotive Drive Shaft Market cover, and what was the market size in 2023?

In 2023, the Automotive Drive Shaft Market size was estimated at USD 69.40 billion. The report covers the Automotive Drive Shaft Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Drive Shaft Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Drive Shaft Market Share

Statistics for the 2023 & 2024 Automotive Drive Shaft market share, created by Mordor Intelligence™ Industry Reports. Automotive Drive Shaft share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Drive Shaft Industry

The automotive drive shaft market is consolidated and led by global and regionally established players. These companies adopt strategies such as new product launches, collaborations, and mergers to sustain their market positions. For instance:

In September 2023, JTEKT North America manufactured a broad range of products under the JTEKT Automotive Systems, Koyo Bearings, and Toyoda Machine Tools brands. By adding seven new machine lines, two new assembly lines, and additional processes to machine components internally, JTEKT North America expanded its capability to produce front drive shafts.

Some of the major players in the market include GKN PLC (Melrose Industries PLC), Yamada Manufacturing Co. Ltd, American Axle & Manufacturing Inc., JTEKT Corporation, and Dana Incorporated.