Summary
Global Automotive Axle Market, by Type (front axle, rear axle), By Material (alloy, and carbon fiber), By Propeller Shaft Type (single, and multi piece) - Forecast 2022
Automotive Axle Market Overview
The growth of the automotive industry is anticipated to influence a significant increase in the demand for automotive axles directly. An automotive axle is an integral part of any wheeled vehicle as it helps in better steering experience and control. The axle serves different functions of steering and transmission depending upon its position and application. Rising acceptance of hybrid and electric vehicles and integration of advanced and smart gearing technology are contributing substantially to the global automotive axle market growth. Furthermore, intensifying focus on improving power and drivetrain systems surrounding systems like clutch, transmission, propeller shaft, and the rear axle are driving prominent growth to the market. The latest report published by Market Research Future (MRFR) suggests the proliferation of growth in the global automotive axle market during the forecast period of 2018-2023. However, increasing cost of components and additional vehicular weight are likely to refrain the market from growing at a faster pace.
Key Vendors
The dominant player operating in the global automotive axle market are ZF Friedrichshafen AG (Germany), American Axle & Manufacturing, Inc. (U.S.), Meritor, Inc. (U.S.), Showa Corporation (Japan), GKN Plc (U.K.) and ELBE Gelenkwellen-Service GmbH(Germany) and others.
Regional Analysis
The Asia Pacific accounts for the most significant share of the market owing to massive automotive sales. Both India and China have a large automotive industry, which is driving the Asia Pacific region market. Factors such as availability of low-cost labor and innovations in engineering rising vehicle production and development of globally competitive automotive manufacturing hub are driving the demand for automotive Axle. The development of speed trains is another driver of the market.
Europe accounts for the second largest market share led by the large automotive industry of Germany, U.K., and Italy. The enormous speed trains network of Europe is another driver of the market. The North America region is dominated by the U.S. and is driven by heavy vehicle segment.
Segmentation
To generate a better assessment of the market potential, the global automotive axle market is segmented into type, material, propeller shaft type and regions.
Based on the type, the market is bisected into the front axle and rear axle.
Based on material, the market is segmented into alloy, and carbon fiber.
Based on propeller shaft type, the market is segmented into the single, and multi-piece.
Based on regions, the market is segregated into North America, Europe, Asia Pacific, Middle East and Africa.
Industry News
April 2017 - American Axle acquired Metaldyne for USD 3.3 billion. The deal is projected to generate a revenue of 7 billion.
March 2018 - Melrose Industries took over GKN with a hostile bid of USD 11 billion after a three-month battle. GKN unsuccessfully tried to avert the proposal with its £ 4.4bn planned merger of its Driveline automotive business with US rival Dana.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
The global automotive axle market size is estimated to reach USD 115,444.3 million by 2025, registering a CAGR of 4.1% over the forecast period, according to a study conducted by Radiant Insights, Inc.
The growing demand for road freight transport, which would subsequently trigger the demand for light and heavy commercial vehicles, also bodes well for the growth of the market.
The road freight transport market witnessed continuous growth over the past five successive years and grew by 4.5% between 2016 and 2017.
The demand for automotive axles relies directly on automotive production.
It is estimated to retain its dominant position over the forecast period owing to the significant investments occurring in the automotive industry in emerging economies, such as China and India.
The market can be described as a moderately consolidated market.
Global Automotive Axle Market Report 2027 size is projected to be USD 64.79 billion by 2027, as per a new report by Million Insights.
Request free sample @ https://www.millioninsights.com/industry-reports/global-automotive-axle-market/request-sample Market Synopsis of Automotive Axle Market: The rapid rise in e-commerce industry has resulted in the need for efficient road freight transport, thereby; long trailers are gaining significant traction in the transport industry.
Long trailers are capable of transporting goods over a long distance, thus, proving to be cost-efficient for logistics providers.
For even distribution of load, these trailers are equipped with six axles.
Over the past few years, the demand for the all-wheel-drive vehicle is gaining traction in countries such as Japan, U.S, China and European countries.
Around two-thirds of all trucks and over 10% cars that were sold in the U.S were all-wheel drive in 2017.
The latest trending report Global Automotive Axle Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Automotive Axle market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.The global Automotive Axle market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 2.5%% in the forecast period of 2020 to 2025 and will expected to reach USD 30580 million by 2025, from USD 27720 million in 2019.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/18858-automotive-axle-market-analysis-reportThe major players covered in Automotive Axle are:AAMSichuan Jian’anZFMeritorBENTELERDANAGestampHANDE AxlePRESS KOGYOKOFCOHyundai WIAIJT Technology HoldingsShandong Heavy IndustrySAF-HOLLANDSINOTRUKHyundai DymosSG AutomotiveMagneti MarelliBy Type, Automotive Axle market has been segmented intoFront AxleRear AxleBy Application, Automotive Axle has been segmented into:Commercial VehiclePassenger CarsThe report offers in-depth assessment of the growth and other aspects of the Automotive Axle market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Automotive Axle Market @ https://www.decisiondatabases.com/contact/download-sample-18858The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Automotive Axle product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Automotive Axle, with price, sales, revenue and global market share of Automotive Axle in 2018 and 2019.Chapter 3, the Automotive Axle competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Automotive Axle breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Automotive Axle market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Automotive Axle sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Automotive Axle Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-18858Other Reports by DecisionDatabases.com:Global Automotive Drive Axle Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Trailer Axle Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Rail Wheel and Axle Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
