An axle is a central shaft for a rotating wheel or gear. On wheeled vehicles, the axle may be fixed to the wheels, rotating with them, or fixed to the vehicle, with the wheels rotating around the axle. In the former case, bearings or bushings are provided at the mounting points where the axle is supported. In the latter case, a bearing or bushing sits inside a central hole in the wheel to allow the wheel or gear to rotate around the axle.
Market competition is fierce. Although AAM, Meritor and DANA are the top 3 players in 2016, occupying for over 33.7% of global automotive axle market, the market concentration is relatively not too high. In this report, the top 18 listed companies occupy about 70% of the market in 2016.
Subject to fluctuations in the price of steel raw materials, the product average price declined in the past few years, however, in the end of 2016, the price of steel raised up, this lead to the average price increased in 2016 and 2017.
For vehicle industry, OEMs requires each automotive axle to meet rigid qualification standards to ensure performance, quality, and engineering design fit. Automotive axle sold into the aftermarket for replacement purposes are not of sufficient quality or reliability to be used by OEMs. Accordingly, automotive axle for OEMs is not interchangeable with or substitutable for automotive axle for the aftermarket, and demand for each is separate.
According to this study, over the next five years the Automotive Axle market will register a 2.7% CAGR in terms of revenue, the global market size will reach US$ 30000 million by 2024, from US$ 25500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Axle business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Axle market by product type, application, key manufacturers and key regions and countries.
This study considers the Automotive Axle value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Front Axle
Rear Axle
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Commercial Vehicle
Passenger Cars
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
AAM
Meritor
DANA
ZF
PRESS KOGYO
HANDE Axle
BENTELER
Sichuan Jian'an
KOFCO
Gestamp
Shandong Heavy Industry
Hyundai Dymos
Magneti Marelli
SINOTRUK
Hyundai WIA
SAF-HOLLAND
SG Automotive
IJT Technology Holdings
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive Axle consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Axle market by identifying its various subsegments.
Focuses on the key global Automotive Axle manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Axle with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Axle submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Automotive Axle . Industry analysis & Market Report on Automotive Axle is a syndicated market report, published as Global Automotive Axle Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Automotive Axle market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.