- In September 2024, Cummins acquisition of Jacobs Vehicle Systems, including Clessie Cummins' revolutionary Jake Brake system. Originally inspired by a harrowing 1931 journey, the Jake Brake transforms engine braking, enhancing safety and efficiency for truckers. This innovation reflects Cummins' commitment to advanced engine technologies and safer transport solutions
- In September 2023, JTEKT announces advancements in automotive technology at the 2023 Tokyo Motor Show, showcasing innovations in steering and driveline systems aimed at enhancing vehicle performance and driving comfort for future mobility
- In August 2024, Nexteer introduces a cost-effective modular pinion assist Electric Power Steering (EPS) system, now available for all EPS architectures, enhancing flexibility and performance in steering solutions for various vehicles
- In May 2023, American Axle & Manufacturing (AAM) announced it had secured a contract to supply e-Beam axles for a future Stellantis electric vehicle program, featuring integrated 3-in-1 e-Drive technology, set to begin production later in the decade
- In December 2021, AEQUITA SE & Co. KGaA has finalized a binding agreement to fully acquire IFA Group, a prominent specialist in drive shafts, which elevates AEQUITA's automotive sector sales to over EUR 1 billion. This acquisition strengthens AEQUITA's position in the drive shaft market by capitalizing on IFA's innovative technologies and strong reputation among major automotive OEMs, setting the stage for ongoing growth and a competitive edge in the industry
Frequently Asked Questions
The market is segmented based on Segmentation, By Components (Slip Yokes, Yoke Shafts, End Yokes, Companion Flanges, Flange Yokes, Weld Yokes, Center Yokes, Splined Slip Stubs, Midship Stubs, and Others), Design Type (Hollow Shaft and Solid Shaft), Drive Shaft Type (Hotchkiss Drive Shaft, Torque Tube Drive Shaft, Flexible Drive Shaft, and Slip-In-Tube Drive Shaft), Position Type (Front Axle and Rear Axle), Material Type (Carbon Steel, Aluminum, Stainless Steel, Composite Materials, Carbon Fiber, and Others), Vehicle Type (Passenger Cars and Commercial Vehicle), Sales Channel (OEM and Aftermarket) - Industry Trends and Forecast to 2031.
.
The Europe Drive Shaft Market size was valued at USD 3.46 USD Billion in 2023.
The Europe Drive Shaft Market is projected to grow at a CAGR of 5.1% during the forecast period of 2024 to 2031.
The market report covers data from the Germany, U.K., France, Italy, Spain, Russia, Turkey, Netherlands, Norway, Finland, Denmark, Sweden, Poland, Switzerland, Belgium, and Rest of Europe.
