Executive Summary Drive Shaft Market :

The global Drive Shaft market size was valued at USD 17.72 billion in 2024 and is projected to reach USD 27.42 billion by 2032, with a CAGR of 5.61% during the forecast period of 2025 to 2032.

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Detailed and comprehensive market study performed in this Drive Shaft Market report offers the current and forthcoming opportunities to shed light on the future market investment. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. Various parameters covered in this research report helps businesses for better decision making. This Drive Shaft Market research report encompasses different industry verticals for  industry such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company.

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Drive Shaft Market Overview

• Segments*
• On the basis of vehicle type, the Global Drive Shaft Market can be segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to witness significant growth due to the increasing demand for personal transportation and the rising disposable income of consumers globally.
• By position, the market can be categorized into front drive shaft and rear drive shaft. The rear drive shaft segment is anticipated to dominate the market as it is a crucial component in the drivetrain system of most vehicles.
• Based on material type, drive shafts are classified into steel drive shafts, aluminum drive shafts, and carbon fiber drive shafts. The steel drive shafts segment is likely to hold the largest market share due to their durability and cost-effectiveness.
• Market Players*
• GKN plc
• American Axle & Manufacturing, Inc.
• Dana Limited
• Nexteer Automotive
• NTN Corporation
• Hyundai WIA Corporation