Report ID: SQMIG25A2268
Automotive Drive Shaft Market Size, Share, Growth Analysis, By Design Type (Hollow Shaft, Solid Shaft), By Position Type (Rear Axle, Front Axle), By Vehicle Type, By Sales Channel, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2268 |
Region:
Global |
Published Date: November, 2024
Pages:
168
|
Tables:
88 |
Figures:
71
Automotive Drive Shaft Market Regional Insights
The Asia Pacific region is slated to hold a dominant stance in the global automotive drive shaft marketplace across the forecast period. Rapidly increasing automotive production in this region is the key factor allowing Asia Pacific to hold sway over global automotive drive shaft sales. The presence of key automotive manufacturers such as Honda, Toyota, Suzuki, Kia, Hyundai, and Tata in this region also contributed to the high market share. Growing disposable income has led to increased demand for passenger cars in countries such as China and India, which in turn, is slated to benefit automotive drive shaft sales outlook as well.
Meanwhile, sales of automotive drive shaft in Europe are estimated to increase at a noteworthy pace across the forecast period. The presence of key automotive companies, high investments in automotive R&D, and imposition of stringent mandates to reduce vehicle weight and emission are key factors that could boost automotive drive shaft market development in the European region over the coming years. Germany, France, Italy, and the United Kingdom are estimated to be the top markets for automotive drive shaft suppliers in Europe.
Automotive Drive Shaft Market Report Snapshots
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