Global Shaft Market Maintains Steady Growth, New Energy Tracks Become Core Growth Engine

The global metal shaft industry continues stable expansion in 2026. Benefiting from the comprehensive recovery of global equipment manufacturing, the accelerated expansion of new energy vehicle production capacity and the popularization of intelligent industrial equipment, the overall global metal shaft market scale has exceeded USD 41.58 billion, and it is projected to reach USD 46.39 billion by 2028 with sustained industrial upgrading. Specifically, the cardan shaft market, which is widely used in commercial vehicles, engineering machinery and agricultural equipment, is valued at USD 8.32 billion in 2026 and is expected to grow at a CAGR of 6.2% from 2026 to 2033. Driven by the upgrading of global commercial vehicle emission standards and the continuous mechanization of modern agriculture, the demand for high-load and durable transmission cardan shafts maintains long-term steady growth. Meanwhile, the new energy vehicle sector has spawned a booming demand for specialized high-performance shafts. The widespread popularization of 800V high-voltage platforms in new energy vehicles strongly drives the market growth of insulated coating shafts, high-voltage corrosion-resistant shafts and copper alloy conductive shafts, bringing a new billion-level market segment for the traditional shaft industry and becoming the most powerful core growth engine of the industry in the next five years.