Market Share of Automotive Drive Shaft Industry
The automotive drive shaft market is dominated by several key players, such as GKN PLC (Melrose Industries PLC), Yamada Manufacturing Co. Ltd, American Axle & Manufacturing Inc., JTEKT Corporation, Dana Incorporated, and others. The competition in the market is medium, as major players continue to crack high orders from major OEMs, and the participation of small and new entrants is limited. However, major players focus on various growth strategies, such as mergers and acquisitions, to gain a competitive edge over others. For instance,
In August 2022, Schaeffler AG expanded its manufacturing facility in Buhl, Germany. The new manufacturing facility has a total area of 15,000m2, which manufactures new systems for electric powertrains.
In May 2022, Dana announced its strategic supply arrangement with Lion Electric Co. to support its array of electric buses as well as medium- and heavy-duty trucks, emphasizing its commitment to electrification. The agreement involves the provision of electric drive systems for all Lion Electric platforms, including LionA, LionC, LionD, LionM, Lion6, and Lion8.
In February 2022, Endurance Technologies announced that it had added a new product vertical, which is the drive shaft. The driveshaft is a high-technology proprietary product in an automotive application. The application is for three-wheelers and four-wheelers, including some light commercial vehicles. The driveshaft is a product required for EVs also.
Automotive Drive Shaft Market Leaders
Dana Incorporated
GKN PLC (Melrose Industries PLC)
JTEKT Corporation
American Axle & Manufacturing Co. Ltd
Hyundai Wia Corporation
*Disclaimer: Major Players sorted in no particular order
