Automotive Axle Market Competitive Dynamics, Size, Global Outlook And Forecast To 2022
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
(firmenpresse) - 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.
Access Full Report With Complete TOC (at) https://www.marketresearchfuture.com/reports/automotive-axle-market-2343
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.
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Datum: 17.02.2020 - 07:31 Uhr
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