Automotive Drive Shaft Market, By Drive Type (Rear-Wheel Drive, All-Wheel Drive, and Front-Wheel Drive), By Vehicle Type (Passenger Cars, and Commercial Vehicles), By Sales Channel (OEM (Original Equipment Manufacturers), and Aftermarket), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Aug 2024

Code : CMI5375

Pages :170

Formats :

Excel and PDF

Industry : Automotive and Transportation

Key Developments

In February 2024, JTEKT Corporation, a leading provider of automotive components and systems, unveiled a new ultra-compact product series designed for eAxle applications. This series includes Differential (JUCD), Ball Bearing (JUCB), Conductive Ball Bearing (JUEB), and Oil Seal (JUCS) components, all engineered to reduce size and weight.
In September 2023, JTEKT North America, a leading manufacturer of automotive systems, bearings, and machine tools, expanded its production capabilities by adding seven new machine lines, two new assembly lines, and new internal processes. This enhancement under the JTEKT Automotive Systems, Koyo Bearings, and Toyoda Machine Tools brands significantly increased its ability to produce front drive shafts.
In January 2023, Kalyani Mobility Drivelines (KMD), a prominent manufacturer of driveline components, launched a new range of constant-velocity (CV) driveshafts designed for electric vehicles (EVs) and other specialty vehicles
In January 2023, DANA Cardanes, a prominent manufacturer of driveline components, inaugurated a new US$ 21 million plant in Querétaro, Mexico, dedicated to producing Toyota components. The initial production line, which began operations with 110 employees, is set to be joined by two additional lines later in 2023, bringing total annual production to 545,000 units with a workforce of 300. Alejandro Sánchez Alvarado, Operations Director at DANA Cardanes, noted that the 917-square-meter facility will house three production lines for manufacturing Cardan shafts (drive shafts) specifically for Toyota trucks.

*Definition: The global automotive drive shaft market involves the manufacturing and sales of drive shafts used in automobiles. A drive shaft is used to transmit torque and rotation from the transmission or transfer case to the other end, allowing the vehicle to move. It provides a connection between the transmission and the differentials in front-wheel, rear-wheel, and four-wheel drive vehicles.