Global Axle Shaft Market Growth 2025-2031

The global Axle Shaft market size is predicted to grow from US$ 15920 million in 2025 to US$ 17570 million in 2031; it is expected to grow at a CAGR of 1.7% from 2025 to 2031.

An axle is a part of the transmission assembly of an automobile. The main purpose of an axle is to bear the weight of the vehicle and also maintain the position of wheels relative to each other and to the vehicle body. Axles can either be live-axles or non-driving axles. In an automobile, live axles help in transmitting the power from engine on to wheels via the drive shaft.

The major players in global Axle Shaft market include GKN, NTN, SDS, etc. The top 3 players occupy about 45% shares of the global market. Europe and China are main markets, they occupy about 50% of the global market. Half Shaft is the main type, with a share about 75%. Passenger Vehicle (Ex. SUV) is the main application, which holds a share about 60%.

LP Information, Inc. (LPI) ' newest research report, the “Axle Shaft Industry Forecast” looks at past sales and reviews total world Axle Shaft sales in 2024, providing a comprehensive analysis by region and market sector of projected Axle Shaft sales for 2025 through 2031. With Axle Shaft sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Axle Shaft industry.

This Insight Report provides a comprehensive analysis of the global Axle Shaft 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 Axle Shaft portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Axle Shaft market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Axle Shaft 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 Axle Shaft.

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

Segmentation by Type:
Propeller Shaft
Half Shaft
Axle Shaft

Segmentation by Application:
Passenger Vehicle (Ex. SUV)
SUV & Truck
Commercial Vehicle (Ex. Truck)

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 analysing the company's coverage, product portfolio, its market penetration.
GKN
NTN
SDS
Dana
Nexteer
Hyundai-Wia
IFA Rotorion
Meritor
AAM
Neapco
JTEKT
Yuandong
Wanxiang
Showa
Lingyun
Guansheng
GNA Enterprises
Fawer
Hengli
Danchuan
Lantong
Talbros Engineering
Dongfeng
Golden
Sinotruk

Key Questions Addressed in this Report

What is the 10-year outlook for the global Axle Shaft market?

What factors are driving Axle Shaft market growth, globally and by region?

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

How do Axle Shaft market opportunities vary by end market size?

How does Axle Shaft break out by Type, by Application?

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