Automotive Axle & Propeller Shaft Market Size & Share 2033
Vishal Gupta19 May, 2025Technology
The global automotive axle & propeller shaft market size reached USD 86.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 160.2 Billion by 2033, exhibiting a growth rate (CAGR) of 7.1% during 2025-2033. Automotive axles and propeller shafts are essential components that generate momentum in vehicles. They are manufactured of medium-carbon steel, glass fibers, thermoplastic polyamide, epoxy composite, chrome-molybdenum steel and carbon fibers.
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