According to our (Global Info Research) latest study, the global Motor Shaft for New Energy Vehicles market size was valued at US$ 2206 million in 2025 and is forecast to a readjusted size of US$ 5440 million by 2032 with a CAGR of 13.9% during review period.
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 is a detailed and comprehensive analysis for global Motor Shaft for New Energy Vehicles market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Motor Shaft for New Energy Vehicles market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Motor Shaft for New Energy Vehicles market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Motor Shaft for New Energy Vehicles market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Motor Shaft for New Energy Vehicles market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Motor Shaft for New Energy Vehicles
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Motor Shaft for New Energy Vehicles market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Thyssenkrupp, Jin Rixin Shaft, Hirschvogel, Chongqing Chuangjing Warm Forging Forming Company, Pacific Precision Forging, Tekfor, POPPE+POTTHOFF, Leateck, Nanjing Chervon Auto, Zhejiang Nessral, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Motor Shaft for New Energy Vehicles market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Hollow Shaft
Solid Shaft
Market segment by Application
Passenger Car
Commercial Vehicle
Major players covered
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
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Motor Shaft for New Energy Vehicles product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Motor Shaft for New Energy Vehicles, with price, sales quantity, revenue, and global market share of Motor Shaft for New Energy Vehicles from 2021 to 2026.
Chapter 3, the Motor Shaft for New Energy Vehicles competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Motor Shaft for New Energy Vehicles breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Motor Shaft for New Energy Vehicles market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Motor Shaft for New Energy Vehicles.
Chapter 14 and 15, to describe Motor Shaft for New Energy Vehicles sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Motor Shaft for New Energy Vehicles. Industry analysis & Market Report on Motor Shaft for New Energy Vehicles is a syndicated market report, published as Global Motor Shaft for New Energy Vehicles Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Motor Shaft for New Energy Vehicles market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.