Saudi Arabia Drive Shaft Market (2025-2031) | Revenue, Analysis, Companies, Outlook, Forecast, Growth, Trends, Industry, Value, Share & Size

Saudi Arabia Drive Shaft Market Synopsis

The Saudi Arabia drive shaft market is expected to witness a CAGR of 4.4% during the forecast period (2025-2031). The increasing use of electric vehicles in the country, stringent regulations on emissions, and growing demand for fuel-efficient cars are some of the main factors driving growth in this region. Furthermore, technological advancements and innovations such as integrated cooling systems for drive shafts have also been contributing to the growth of this market over recent years.

Market Drivers

Increasing Use Of Electric Vehicles In Saudi Arabia: With an aim towards reducing its dependence on oil exports and diversifying its energy mix, Saudi Arabia has set ambitious targets to increase the share of clean energy sources in total power generation from 16 percent today to 50 percent by 2050. This shift towards alternative energy sources will result in increased penetration of electric vehicles in the country which will boost sales for drive shafts used in these types of vehicles. The government also plans to reduce air pollution levels that are often caused by exhaust fumes from combustion engine powered cars with stricter emission standards enforced through incentives or punishments related to vehicle registration fees across different provinces within Saudi Arabia. This is likely to create more opportunities for advanced technology solutions such as hybrid & electrical cars leading up increased demand for components like driveshafts over time.

Challenges of the Market

High cost associated with components such as driveshafts coupled with installation processes make it difficult for customers operating on a low budget range when purchasing or replacing existing products resulting lower profits margins due manufacturers selling these products worldwide including those located within countries like Saudi Arabia making it harder them penetrate new markets effectively.

Covid 19 Impact on the Market

Decline In Global Demand For Passenger Cars During Lockdowns : As travel restrictions were imposed throughout most countries, there was significant decrease global passenger car sales especially those powered by internal combustion engines leading less need many components related automobiles therefore affecting overall revenue streams companies manufacturing parts like drivelines adversely.

key players of the Market

Al Jaber Automotive Solutions, Al-Futtaim Auto & Machinery Company Ltd (FAMCO), Dana Incorporated, Dayco Corporation, GKN plc, Magna International Inc., and Mitsubishi Electric Corp are some major players operating in the market.

Key Highlights of the Report:

• Saudi Arabia Drive Shaft Market Outlook
• Market Size of Saudi Arabia Drive Shaft Market, 2024
• Forecast of Saudi Arabia Drive Shaft Market, 2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Revenues & Volume for the Period 2021-2031
• Saudi Arabia Drive Shaft Market Trend Evolution
• Saudi Arabia Drive Shaft Market Drivers and Challenges
• Saudi Arabia Drive Shaft Price Trends
• Saudi Arabia Drive Shaft Porter's Five Forces
• Saudi Arabia Drive Shaft Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Shaft Type for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Torque Tube Drive Shaft for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Flexible Drive Shaft for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Hotchkiss Drive Shaft for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Material Types for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Steel for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Aluminum for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Other for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Design Type for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Hollow Drive Shafts for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Solid Drive Shafts for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Position for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Rear Wheel Drive Shaft for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Front Wheel Drive Shaft for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Vehicle Type for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Light Commercial Vehicle for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Passenger Cars for the Period 2021-2031
• Historical Data and Forecast of Saudi Arabia Drive Shaft Market Revenues & Volume By Heavy Commercial Vehicles for the Period 2021-2031
• Saudi Arabia Drive Shaft Import Export Trade Statistics
• Market Opportunity Assessment By Shaft Type
• Market Opportunity Assessment By Material Types
• Market Opportunity Assessment By Design Type
• Market Opportunity Assessment By Position
• Market Opportunity Assessment By Vehicle Type
• Saudi Arabia Drive Shaft Top Companies Market Share
• Saudi Arabia Drive Shaft Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Drive Shaft Company Profiles
• Saudi Arabia Drive Shaft Key Strategic Recommendations