The Side Shaft provides the dynamic connection between engine and driving wheels, transmitting power and allowing steering angles whilst accommodating suspension movements and isolating vibrations. Each side shaft has two constant velocity joints – a fixed joint at the wheel end and a plunging joint at the gearbox end, connected by an interconnecting shaft. Automotive Side Shafts play a vital role in the operation of any vehicle. It ensures optimum delivery of power to the wheels of the vehicle. This report is about automobiles using side shaft.
This report contains market size and forecasts of Side Shaft in global, including the following market information:
Global Side Shaft Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Side Shaft Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Side Shaft companies in 2021 (%)
The global Side Shaft market was valued at 6617.2 million in 2021 and is projected to reach US$ 7120.5 million by 2028, at a CAGR of 1.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Rear Side Shaft Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Side Shaft include GKN, NTN, Hyundai-wia, Nexteer, KOFCO, Wanxiang, Neapco, JTEKT and Guansheng. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Side Shaft manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Side Shaft Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Side Shaft Market Segment Percentages, by Type, 2021 (%)
Rear Side Shaft
Front Side Shaft
Global Side Shaft Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Side Shaft Market Segment Percentages, by Application, 2021 (%)
Passenger Vehicles
Commercial Vehicles
Global Side Shaft Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Side Shaft Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Side Shaft revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Side Shaft revenues share in global market, 2021 (%)
Key companies Side Shaft sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Side Shaft sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
GKN
NTN
Hyundai-wia
Nexteer
KOFCO
Wanxiang
Neapco
JTEKT
Guansheng