Vietnam Automotive Drive Shaft Market Size, Share, Industry Trends, Growth and Report 2025-2033

The Vietnam automotive drive shaft market size reached USD 85.65 Million in 2024 and is projected to reach USD 124.37 Million by 2033, growing at a CAGR of 3.80% during 2025-2033. This growth is driven by increasing vehicle production, rising aftermarket demand, adoption of lightweight materials, and integration of smart technologies in commercial vehicles. The market is also expanding due to growing imports and advancements in local manufacturing capabilities.

Study Assumption Years

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Period: 2025-2033

Vietnam Automotive Drive Shaft Market Key Takeaways

• The market size stood at USD 85.65 Million in 2024.
• The market is expected to grow at a CAGR of 3.80% during 2025-2033.
• Forecast period spans from 2025 to 2033.
• Growth is supported by Vietnam's rising vehicle production capacity and increasing demand in the aftermarket segment.
• Adoption of advanced lightweight materials like carbon fiber and aluminum is transforming product design.
• Local manufacturers are developing supply chains to reduce import dependence.
• Government policies protect domestic manufacturing and encourage local production capabilities.

Sample Request Link: https://www.imarcgroup.com/vietnam-automotive-drive-shaft-market/requestsample

Market Growth Factors

Rising Vehicle Production and Aftermarket Demand

The Vietnam automotive drive shaft market is experiencing robust growth due to the country’s expanding vehicle manufacturing capacity and a growing aftermarket segment. Millions of passenger vehicles currently out of warranty fuel strong replacement demand, driving a continuous need for drive shaft components. Vietnamese manufacturers are creating comprehensive local supply chains to meet both original equipment manufacturing (OEM) and aftermarket demands, reducing dependence on imports and ensuring prompt component delivery. Government policies also reinforce domestic manufacturing through strategic import tariffs, further supporting market expansion.

Lightweight Materials and Technology Integration

The industry is undergoing a significant transformation with widespread adoption of advanced materials such as carbon fiber and aluminum, offering notable weight reduction while maintaining performance integrity. Manufacturers in Vietnam are investing in advanced processes to produce hollow shaft designs, enhancing strength-to-weight ratios compared to traditional solid shafts. Additionally, sensor-integrated drive shafts allow real-time performance monitoring, helping fleet operators optimize maintenance and reduce failures. These advancements align with Vietnam’s broader automobile industry modernization, fostering environmentally friendly and more efficient vehicles.

Import Growth and Local Manufacturing Development

Vietnam’s drive shaft market is marked by significant import growth, reflecting strong demand, alongside initiatives to boost local manufacturing and reduce foreign dependency. Vietnamese companies, including AM Industries, are adapting rapidly to evolving automotive part manufacturing trends. Local assembly operations by international automotive brands such as BYD, Omoda, Jaecoo, and Geely (in partnership with Tasco) offer Vietnamese drive shaft suppliers opportunities for integration into global supply chains. Supportive government policies and increased investments provide a conducive environment for both foreign and domestic firms to expand local production and explore export prospects.

Market Segmentation

Drive Shaft Type Insights

• Single Piece
• Multi-Piece
• Slip-In-Tube Drive Shaft

The market is categorized by different drive shaft types including single piece, multi-piece, and slip-in-tube configurations.

Design Type Insights

• Hollow Shaft
• Solid Shaft

The market includes drive shafts designed either as hollow shafts for a superior strength-to-weight ratio or solid shafts.

Position Type Insights

• Rear Axle
• Front Axle

This segment analyses market share based on shaft positioning, covering both rear axle and front axle drive shafts.

Material Insights

• Steel
• Aluminum
• Carbon Fiber

The drive shafts are manufactured using steel, aluminum, and carbon fiber materials, with the adoption of lightweight materials rising.

Vehicle Type Insights

• Passenger Vehicle
• Commercial Vehicle

The market covers drive shafts for both passenger and commercial vehicles reflecting diverse automotive segments.

Sales Channel Insights

• Original Equipment Manufacturer (OEM)
• Aftermarket

Sales channels encompass both OEM deliveries and aftermarket replacement parts.

Regional Insights

The Vietnam automotive drive shaft market includes three major regional segments: Northern Vietnam, Central Vietnam, and Southern Vietnam. The report does not specify a dominant region or detailed market share statistics.

Vietnam’s regional markets together contribute to the overall growth driven by local manufacturing advancements and rising vehicle production across the country.

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302