The increasing need to reduce the weight of automotive vehicles is promoting the global automotive axle market, predicts Fortune Business Insights in their recent report. Axles are used for driving, braking, steering in vehicles and are an important aspect of vehicle use. The launch of AxTrax AVE Portal Axle on 30th October 2018 by ZF Friedrichshafen AG has further intensified market competition for automobile axles. The AxTrax AVE Portal Axle is built to serve hybrid buses, electric buses, and trolleybuses for coping up with the regulations laid down by governments on harmful emissions. This advanced axle has reduced the weight of the vehicle by 500kg because of its powerful and compact design. Such innovations are likely to bode well for the global automotive axle market.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/automotive-axle-market-101586
The study conducted on the global automotive axle market by Fortune Business Insights is titled, “Automotive Axle Market Size, Share and Industry Analysis, By Axle Type (Drive, Dead, Lift), By Application (Front, Rear), By Vehicle (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) and Regional Forecast, 2019-2025.” As per this study, the market is categorized on the basis of various factors such as application, axle type, and vehicle type and geography.
Some of the players operating in the global automotive axle market are
Request a Sample Copy of the Global Automotive Axle Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-axle-market-101586
Europe Working on Manufacturing of Lightweight Automotive to Help Register Fast Growth Rate
Currently Asia Pacific is leading the global automotive axle market because of the increasing number of vehicle production and their sales, especially in developing nations such as China and India. On the other side, the automotive industry in Europe is anticipated to recover from its economic slowdown and show rapid growth in the coming years on account of continuous improvement in electric vehicle charging infrastructure and favorable regulations in the e-axle segment. Players operating in this region are emphasizing on developing and manufacturing technologically advanced products that will be not only fuel-efficient and meet the Euro VI emission laws but also be lightweight.
Key Segmentation of Automotive Axle Market:
Automotive Axle Market Segments by Axle Type covers:
Automotive Axle Market Segments by Application:
Automotive Axle Market Segments by Vehicle Type:
By Geography:
Increasing Demand for Heavy Commercial Vehicles to Promote Market Growth
A major factor boosting the global automotive axle market is the rise in demand for heavy commercial vehicles, especially from emerging economies such as China, India, and others. The demand for heavy-duty lifting operations is on the rise, and this may also help the market generate attractive revenues in the forecast duration.
Besides this, the growing trade between nations and the adoption of initiatives such as road and belt initiative will further add a boost to the growth of the market. Moreover, the increasing demand for adding long trailers to vehicles to reduce the cost of transport is also anticipated to promote the growth of automotive axle market in the forecast period.
Order Full Report@ https://www.fortunebusinessinsights.com/checkout-page/101586
Table of Content from Automotive Axle Market
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Mergers, Acquisitions and Partnerships
4.2 Distributor Analysis For Major Players
4.3 Growth and Penetration Analysis
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
4.6 Vendor landscape
5. Global Automotive Axle Market Analysis, Insights and Forecast, 2015-2025
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast By Axle Type
5.2.1 Drive
5.2.2 Dead
5.2.3 Lift
5.3. Market Analysis, Insights and Forecast By Application
5.3.1 Front
5.3.2 Rear
5.4 Market Analysis, Insights and Forecast By Vehicle Type
5.4.1 Passenger Car
5.4.2 LCV
5.4.3 HCV
5.5. Market Analysis, Insights and Forecast By Region
5.5.1 North America
5.5.2 Europe
5.5.3 Asia pacific
5.5.4 Rest of the World
TOC Continued….!!!!
List of Figures
Figure 1: Global Automotive Axle Market Revenue Breakdown (Million Units, %) by Region, 2018 and 2025
Figure 2: Global Automotive Axle Market Value Share (%), by Axle Type, 2018 and 2025
Figure 3: Global Automotive Axle Market Value Share (%), by Application, 2018 and 2025
Figure 4: Global Automotive Axle Market Value Share (%), by Vehicle Type, 2018 and 2025
Figure 5: Global Automotive Axle Market Value (Million Units), by Region, 2018 and 2025
Figure 6: North America Automotive Axle Market Value (Million Units), by Axle Type, 2018 and 2025
Figure 7: North America Automotive Axle Market Value Share (%), by Axle Type, 2018
Figure 8: North America Automotive Axle Market Value (Million Units), by Application, 2018 and 2025
Figure 9: North America Automotive Axle Market Value Share (%), by Application, 2018
Figure 10: North America Automotive Axle Market Value (Million Units), by Vehicle Type, 2018 and 2025
More Trending Topics from Fortune Business Insights:
Automotive Electronic Control Unit (ECU) Market Worldwide Growth, Top Players Analysis, Global Share, Trends Forecast 2026
Electric Vehicle Telematics Market Strategies, Worldwide Top Players Analysis, Global Share, Trends Forecast 2026
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Automotive Axle Market Growth, Trends, Industry Analysis, Share, Size Forecast till 2025