Global Automotive Sideshaft Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Hollow Sideshafts and Rigid Sideshafts .

By Application;

Passenger cars and Commercial vehicles.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn674222173 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Sideshaft Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Sideshaft Market was valued at USD 9,075.10 million. The size of this market is expected to increase to USD 13,826.84 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.

The global automotive sideshaft market is a crucial component of the automotive industry, playing a vital role in the transmission of power from the engine to the wheels. Sideshafts, also known as half shafts or axle shafts, are integral parts of the drivetrain system in both conventional and electric vehicles. They transmit torque from the differential to the drive wheels, allowing for smooth and efficient power delivery across various driving conditions.

The automotive sideshaft market has witnessed significant growth, driven by advancements in vehicle technology, increasing vehicle production, and rising demand for fuel-efficient and high-performance vehicles. The market is characterized by a diverse range of products catering to different vehicle types, including passenger cars, commercial vehicles, and off-highway vehicles. Manufacturers in the market are continuously innovating to enhance sideshaft designs, aiming to improve durability, reduce weight, and increase efficiency.

The market for automotive sideshafts spans across key regions such as North America, Europe, Asia Pacific, and Latin America. Asia Pacific holds a dominant position in the market, attributed to the region's robust automotive manufacturing base, particularly in countries like China, Japan, and India. The presence of major automotive OEMs and suppliers in these regions further contributes to the market's growth, as they continually invest in research and development to meet stringent regulatory standards and consumer preferences.

The automotive sideshaft market is poised for continued expansion, driven by ongoing trends towards electrification, autonomous driving, and lightweighting in vehicle design. These trends are expected to drive further innovation in sideshaft materials, such as advanced composites and alloys, to meet the evolving demands of modern vehicles. Additionally, the market is likely to benefit from increasing investments in infrastructure development and the gradual recovery of the global automotive sector post-pandemic, underscoring its pivotal role in the broader automotive ecosystem.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Automotive Sideshaft Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing vehicle production and sales
        2. Growing demand for fuel efficiency
        3. Technological advancements in automotive industry
        4. Expansion of electric and hybrid vehicles
      2. Restraints
        1. High cost associated with technology
        2. Complex manufacturing processes
        3. Supply chain disruptions
        4. Regulatory challenges and emissions standards
      3. Opportunities
        1. Rising demand for electric vehicles
        2. Emerging markets in Asia-Pacific
        3. Innovation in lightweight materials
        4. Adoption of advanced manufacturing techniques
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Sideshaft Market, By Type, 2020 - 2030 (USD Million)
      1. Hollow Sideshafts
      2. Rigid Sideshafts
    2. Global Automotive Sideshaft Market, By Application, 2020 - 2030 (USD Million)
      1. Passenger cars
      2. Commercial vehicles
    3. Global Automotive Sideshaft Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. GKN plc
      2. NTN Corporation
      3. Nexteer Automotive
      4. American Axle & Manufacturing, Inc
      5. ZF Friedrichshafen AG
      6. IFA Group
      7. Dana Incorporated
      8. Hyundai WIA Corporation
      9. Wanxiang Qianchao Co., Ltd
      10. Meritor, Inc
  7. Analyst Views
  8. Future Outlook of the Market