Global Automotive Driveshaft Market Growth 2023-2029

Global Automotive Driveshaft Market Growth 2023-2029

Driveshafts are mechanical components used to transfer torque or the rotational power from the transmission or engine to the drive wheels. Driveshafts are mainly used in vehicles running on gasoline, diesel, and electricity.

LPI (LP Information)' newest research report, the “Automotive Driveshaft Industry Forecast” looks at past sales and reviews total world Automotive Driveshaft sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Driveshaft sales for 2023 through 2029. With Automotive Driveshaft sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Driveshaft industry.

This Insight Report provides a comprehensive analysis of the global Automotive Driveshaft landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Driveshaft portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Driveshaft market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Driveshaft and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Driveshaft.

The global Automotive Driveshaft market size is projected to grow from US$ 4993.3 million in 2022 to US$ 7065.1 million in 2029; it is expected to grow at a CAGR of 7065.1 from 2023 to 2029.

The global automotive industry is experiencing rapid technological innovations driven by changing consumer needs with the increase in purchasing power of the people. Automakers are increasingly being predisposed toward the development of smart and energy efficient cars to meet stringent government regulations on vehicular emissions. Vehicles are enabled with more and more powerful and compact engines that require driveshafts for effectively transferring torque produced by the engine to the wheels.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Driveshaft market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Front-Wheel Drive
Rear-Wheel Drive
Four-Wheel Drive

Segmentation by application
Passenger Cars
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GKN
American Axle and Manufacturing
Hyundai Wia
A1 Cardone
Dorman
PowerTrain Industries
Pro Comp

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Driveshaft market?

What factors are driving Automotive Driveshaft market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Driveshaft market opportunities vary by end market size?

How does Automotive Driveshaft break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.