The Market Reports

Synopsis

The global market for Motor Shaft for New Energy Vehicles was estimated to be worth US$ 1785 million in 2024 and is forecast to a readjusted size of US$ 4769 million by 2031 with a CAGR of 14.2% during the forecast period 2025-2031.

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Motor Shaft for New Energy Vehicles cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

The motor shaft of a new energy vehicle is a critical component of the electric motor, primarily used to transmit the rotational force generated by the motor to the wheels, thereby propelling the vehicle forward.
In 2024, global sales of motor shafts for new energy vehicles reached 17.7 million units, with an average selling price of USD 101 per unit.

Market Overview: The global new energy vehicle motor shaft market is highly concentrated, with the top five manufacturers accounting for approximately 50% of the global market share. Regionally, the Asia-Pacific region is the largest market, accounting for approximately 50% of the market share. In terms of product types, solid shafts are the largest segment, accounting for approximately 65% of the market share. In downstream applications, passenger vehicles are the primary source of demand, accounting for approximately 93% of the market share.

Development Trends: As global emphasis on environmental protection and energy efficiency continues to grow, the electric vehicle market is expanding rapidly, which will continue to drive demand for new energy vehicle motor shafts. To meet the high-performance requirements of electric vehicles, demand for high-performance motor shafts capable of withstanding high torque and speeds will gradually increase, and motor shaft products will evolve toward higher performance and efficiency.

This report aims to provide a comprehensive presentation of the global market for Motor Shaft for New Energy Vehicles, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Motor Shaft for New Energy Vehicles by region & country, by Type, and by Application.

The Motor Shaft for New Energy Vehicles market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Motor Shaft for New Energy Vehicles.

Market Segmentation
By Company

• Thyssenkrupp
• Jin Rixin Shaft
• Hirschvogel
• Chongqing Chuangjing Warm Forging Forming Company
• Pacific Precision Forging
• Tekfor
• POPPE+POTTHOFF
• Leateck
• Nanjing Chervon Auto
• Zhejiang Nessral
• Feida Precision Manufacturing
• Chongqing Longwen Machinery Equipment Co., Ltd.
• Jiangxi Sunlead Precision Seiko

Segment by Type

• Hollow Shaft
• Solid Shaft

Segment by Application

• Passenger Car
• Commercial Vehicle

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.