Global Automotive Axle Market, By Type (Drive, Dead and Lift), Application (Front and Rear), Vehicle Type (Passenger Cars, Light Commercial Vehicle and Heavy Commercial Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights
Automotive axle market is expected to reach USD 73.81 billion by 2027 witnessing a market growth at a rate of 2.8% in the forecast period of 2020 to 2027. The market has witness significant growth in the years to come due to increase in automotive production across the globe and with consumer preference over luxury and hybrid vehicles with advanced technology.
Automotive axle is an essential part of wheeled vehicle which helps in handling control and better steering, depending on its application and position the axle has different functions of steering and transmission. Axle is a key component which generates momentum in vehicles by transferring torque from differential to wheels and engine to differential, axle serves as a support for the load on a vehicle and by providing mount for wheel assembly.
The introduction of innovative technologies to reduce overall weight is expected to drive market growth, as the consumer's perception of the need to limit the use of automotive emissions and fuel consumption has also led to hybrid vehicle market growth. Hybrid cars are powered by several power sources, thereby rising fuel usage and increasing driving comfort. Heavy commercials and long trailers have seen significant growth in Europe and North America, since long trailers have 6-8 axles to evenly distribute the vehicle's overall load. Thus the increase in demand for long trailers is foreseen as an opportunity for growth in the mentioned forecast period.
Moreover, with the fluctuating raw material prices such as aluminium, steel and copper will act as a restraint, and further challenge the growth of the speciality chemicals market in the forecast period mentioned above.
Automotive axle market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research automotive axle market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Axle Market Scope and Market Size
Automotive axle market is segmented on the basis of type, application and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the automotive axle market is segmented into drive, dead and lifts.
- On the basis of application, the automotive axle market is segmented into front and rear.
- Based on vehicle type, the automotive axle market is segmented into passenger cars, light commercial vehicle and heavy commercial vehicle.
Automotive Axle Market Country Level Analysis
Automotive axle market is analysed and market size, volume information is provided by country type, application and vehicle type as referenced above.
The countries covered in the automotive axle market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive axle market due to increase in the production of vehicles in these countries and also the increase in disposable income is expected to enhance the sales of economy, and premium vehicles, are the factors that drive the demand for automotive axle market in the region.
The country section of the automotive axle market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape Automotive Axle Market Share Analysis
Automotive axle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive axle market.
The major players covered in the automotive axle market report are American Axle & Manufacturing Inc, Dana Limited, Daimler AG, GNA Group, Meritor, Inc, ZF Friedrichshafen AG, Melrose Industries PLC, Talbros Axles, ELBE Gelenkwellen SERvices Gmbh, Hyundai Wia Corp, Cardone Industries, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.