| Product Code: ETC5889816 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Maldives saw a significant increase in automotive axle & propeller shaft import shipments, with top exporters being Japan, Sri Lanka, China, Thailand, and the UAE. The market experienced a notable shift towards higher concentration, indicating increased dominance by key players. The impressive Compound Annual Growth Rate (CAGR) of 11.23% from 2020 to 2024 demonstrates sustained growth momentum. Moreover, the remarkable growth rate of 392.24% from 2023 to 2024 highlights the rapidly expanding demand for these automotive components in Maldives, signaling lucrative opportunities for both local businesses and foreign suppliers.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Automotive Axle & Propeller Shaft Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Automotive Axle & Propeller Shaft Market - Industry Life Cycle |
3.4 Maldives Automotive Axle & Propeller Shaft Market - Porter's Five Forces |
3.5 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Axle Position, 2021 & 2031F |
3.7 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Position, 2021 & 2031F |
3.8 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.9 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Material, 2021 & 2031F |
4 Maldives Automotive Axle & Propeller Shaft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for vehicles in Maldives |
4.2.2 Government initiatives to improve infrastructure leading to higher demand for automotive components |
4.2.3 Growing tourism industry requiring transportation services, leading to increased need for automotive parts |
4.3 Market Restraints |
4.3.1 High import duties on automotive parts affecting affordability |
4.3.2 Limited availability of skilled labor for manufacturing and maintenance |
4.3.3 Environmental concerns leading to a shift towards eco-friendly transportation options |
5 Maldives Automotive Axle & Propeller Shaft Market Trends |
6 Maldives Automotive Axle & Propeller Shaft Market Segmentations |
6.1 Maldives Automotive Axle & Propeller Shaft Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, By Dead, 2021-2031F |
6.1.3 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, By Live, 2021-2031F |
6.1.4 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, By Tandem, 2021-2031F |
6.2 Maldives Automotive Axle & Propeller Shaft Market, By Axle Position |
6.2.1 Overview and Analysis |
6.2.2 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, By Front, 2021-2031F |
6.2.3 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, By Rear, 2021-2031F |
6.3 Maldives Automotive Axle & Propeller Shaft Market, By Position |
6.3.1 Overview and Analysis |
6.3.2 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, By Front, 2021-2031F |
6.3.3 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, By Rear, 2021-2031F |
6.3.4 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, By Interaxle, 2021-2031F |
6.4 Maldives Automotive Axle & Propeller Shaft Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, By Single piece, 2021-2031F |
6.4.3 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, By Multi-piece, 2021-2031F |
6.5 Maldives Automotive Axle & Propeller Shaft Market, By Material |
6.5.1 Overview and Analysis |
6.5.2 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, By Alloy, 2021-2031F |
6.5.3 Maldives Automotive Axle & Propeller Shaft Market Revenues & Volume, By Carbon fiber, 2021-2031F |
7 Maldives Automotive Axle & Propeller Shaft Market Import-Export Trade Statistics |
7.1 Maldives Automotive Axle & Propeller Shaft Market Export to Major Countries |
7.2 Maldives Automotive Axle & Propeller Shaft Market Imports from Major Countries |
8 Maldives Automotive Axle & Propeller Shaft Market Key Performance Indicators |
8.1 Average age of vehicles in Maldives |
8.2 Number of vehicles per capita |
8.3 Frequency of infrastructure development projects in the country |
8.4 Tourism arrivals and growth rate |
8.5 Adoption rate of electric vehicles in Maldives |
9 Maldives Automotive Axle & Propeller Shaft Market - Opportunity Assessment |
9.1 Maldives Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Axle Position, 2021 & 2031F |
9.3 Maldives Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Position, 2021 & 2031F |
9.4 Maldives Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Type, 2021 & 2031F |
9.5 Maldives Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Material, 2021 & 2031F |
10 Maldives Automotive Axle & Propeller Shaft Market - Competitive Landscape |
10.1 Maldives Automotive Axle & Propeller Shaft Market Revenue Share, By Companies, 2024 |
10.2 Maldives Automotive Axle & Propeller Shaft Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |