Automotive Sideshafts Market was valued at USD 6.5 Billion in 2022 and is projected to reach USD 10.2 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
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Get an In-Depth Research Analysis of the Global Automotive Sideshafts Market Size And Forecast [2025-2032]
The global automotive sideshafts market has witnessed significant shifts from 2018 to 2022, driven by evolving consumer preferences, technological advancements, and growing demand for efficient, eco-friendly transportation solutions. Sideshafts, a critical component of a vehicle’s drivetrain, have seen substantial improvements in design and material innovation. During this period, the automotive industry also experienced growth in the production of electric vehicles (EVs), which further accelerated the demand for lightweight, durable, and efficient sideshafts.
As we move from 2023 to 2033, the demand for automotive sideshafts is poised to witness an upward trajectory. One of the major factors driving this demand is the increasing adoption of electric vehicles (EVs) and hybrid vehicles, which require specialized sideshafts to handle the torque generated by electric motors. In addition, the automotive industry's push for higher fuel efficiency and lower emissions will continue to influence the sideshafts market. As manufacturers increasingly focus on lightweight materials and advanced manufacturing processes, the future of automotive sideshafts looks promising, with numerous opportunities for innovation in design and performance.
American Axle & Manufacturing
Dana
GKN
Gestamp
Hyundai Wia Corporation
IFA Rotorion
Jtekt Corporation
Meritor
Showa Corporation
ZF Friedrichshafen
Kingtime Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Sideshafts Market
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Sideshafts market share In 2023.
Hollow Sideshafts
Rigid Sideshafts
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Sideshafts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Sideshafts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Sideshafts Market, By Type
6. Global Automotive Sideshafts Market, By Application
7. Global Automotive Sideshafts Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Sideshafts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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