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 increasing demand for luxury and hybrid vehicles, changing vehicle designs, and rising levels of disposable income are expected to drive the growth of the market. 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. As such, any growth in automotive production would subsequently translate into a growing demand for automotive axles. The growing use of lift axles in heavy commercial vehicles is also expected to drive the growth of the market over the forecast period.
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The Asia Pacific region dominated the market in 2018. 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. China accounted for a majority share of the Asia Pacific regional market in 2018. Around 21.4 million passenger vehicles and 6.4 million commercial vehicles were manufactured in China in 2018.
Continued advances in technology and innovations aimed at reducing the maintenance costs of the vehicle are also anticipated to create considerable opportunities in Asia Pacific. As such, the Asia Pacific regional market is projected to exhibit a CAGR of 4.6% from 2019 to 2025. Meanwhile, the North America regional market is anticipated to register a considerable CAGR over the forecast period owing to the increasing production of light and heavy commercial vehicles.
The market can be described as a moderately consolidated market. There are several players in the market either dominating on regional levels or having a global presence. Some of the key players operating in the market include American Axle & Manufacturing Inc.; Dana Incorporated; Daimler AG (Daimler Trucks North America LLC); GNA Group (GNA Axles Ltd.); Melrose Industries PLC (GKN PLC); Meritor Inc.; Talbros Engineering Limited; and ZF Friedrichshafen AG; among others.
Further key findings from the report suggest:
• The lift type segment is projected to register a CAGR of 5.5% from 2019 to 2025. The growing preference for installing lift axles in heavy commercial vehicles to reduced operational costs is expected to drive the segment growth
• The rear axle segment accounted for a dominant share of the automotive axle market in 2018. However, its share is estimated to decline over the forecast period due to the increasing demand for all-wheel-drive and 4-wheel-drive cars
• The passenger car segment held the largest market share of 79.2% in terms of volume in 2018. Its market share is estimated to increase over the forecast period owing to the growing demand for hybrid and luxury vehicles featuring advanced technologies
• The Asia Pacific regional market accounted for 60.4% of the global market in 2018 owing to the increasing automotive production in emerging countries, such as India and China
• Prominent market players include ZF Friedrichshafen AG; Daimler AG; Dana Incorporated; and American Axle & Manufacturing Inc.; among others.
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Table of Contents
Chapter 1 Methodology and Scope
1.1 Information Procurement
1.2 Purchased Database
1.2.1 Gvr's Internal Database
1.3 Research Methodology
1.3.1 Model Mapping Methodology
1.4 Research Scope And Assumptions
1.5 List Of Data Sources
1.5.1 List Of Primary Sources
1.5.2 List Of Secondary Sources
1.6 List Of Abbreviations
Chapter 2 Automotive Axle Market: Executive Summary
2.1 Market Snapshot
2.1.1 Global Automotive Axle Market
2.1.2 Global Automotive Axle Market, By Vehicle Type, 2015 - 2025
Chapter 3 Automotive Axle Market: Industry Outlook
3.1 Market Scope
3.2 Market Definitions
3.3 Market Penetration & Growth Prospect Mapping
3.4 Market Variable Analysis
3.4.1 Market Driver Analysis
3.4.1.1 Increasing Penetration Of Lift Axle In Heavy Commercial Vehicles
3.4.1.2 Increasing Vehicle Production
3.4.1.3 Growing Demand For Long Trailers To Minimize Transport Cost
3.4.2 Market Restraint Analysis
3.4.2.1 Growing Electric Vehicle Production Augmenting The Demand For E-Axles
3.4.2.2 Fluctuating Raw Material Price Affect The Manufacturing Price Of Components
3.5 Business Environment Analysis Tool
3.5.1 Automotive Axle Market: Pest Analysis
3.5.2 Automotive Axle Market: Porters Analysis
3.6 Key Company Analysis
3.6.1 Global Automotive Axle Market Ranking, 2018
3.6.2 North America Automotive Axle Market Ranking, 2018
3.6.3 Europe Automotive Axle Market Ranking, 2018
3.6.4 Asia Pacific Automotive Axle Market Ranking, 2018
3.7 Who Supplies Whom, 2015-2020
3.7.1 Americas
3.7.2 Europe
3.7.3 Asean & India
3.7.4 China & Japan
Continued…
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SummaryGlobal Automotive Axle Market, by Type (front axle, rear axle), By Material (alloy, and carbon fiber), By Propeller Shaft Type (single, and multi piece) - Forecast 2022Automotive Axle Market OverviewThe growth of the automotive industry is anticipated to influence a significant increase in the demand for automotive axles directly.
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 VendorsThe 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.
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 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/
