The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next Five years. The report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers and restraining factors which will define the future growth of the Automotive Axle market.
The global automotive axle market is expected to reach USD 62 billion by 2025. Asia Pacific dominates the overall market, with the demand for automotive axles in China being driven by the rapid growth of the country’s automotive industry, which offers promising market prospects for Chinese manufacturers of automotive axles. In addition, favorable government initiatives such as allowing 100% foreign direct investment (FDI) activities in India are expected to boost automobile production, thereby boosting the market. The strong presence of prominent automotive axle manufacturers such as Korea Flange Limited and Hyundai Transport Company is also expected to boost the market growth in Asia Pacific. The North America region is also expected to grow at a rapid pace. The growth can be attributed to the growing demand for luxury and commercial vehicles in the region. The U.S. holds the majority share of the North American market. There is a high demand for long trailers and heavy commercial vehicles in Europe and North America. A long trailer has around six to eight axles to evenly distribute the total load of the vehicle. Thus, the growing demand for long trailers is expected to increase the demand for vehicle axles between 2020 and 2025.
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.
Increasing global vehicle production and increasing consumer preference for hybrid and luxury vehicles with advanced technologies, the commercialization of advanced technologies to reduce the total body weight is expected to drive the automotive axle market. Growing demand for all-wheel drive and all-wheel drive vehicles and increasing popularity of hybrid and self-driving vehicles are the key factors that are creating significant growth opportunities for the automotive axle manufacturers. Moreover, growing demand for safer, more comfortable vehicle features is driving the demand for technologically advanced automotive axles.
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Key Market Players Profile
Key market players covered in the report such as:
IJT Technology Holdings
Shandong Heavy Industry
These players’ market share, revenue, company profile, and SWOT analysis are covered in the Automotive Axle report. In the future, production and consumption are estimated to continue developing with a stable growth rate. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Automotive Axle Market
2 Market Trends and Competitive Landscape
3 Segmentation of Automotive Axle Market by Types
4 Segmentation of Automotive Axle Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Automotive Axle Market in Major Countries
7 North America Automotive Axle Landscape Analysis
8 Europe Automotive Axle Landscape Analysis
9 Asia Pacific Automotive Axle Landscape Analysis
10 Latin America, Middle East & Africa Automotive Axle Landscape Analysis
11 Major Players Profile
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Key Regions Overview
Major countries of North America, Europe, Asia Pacific, and the rest of the world are all exhaustive analyzed in the report. Apart from this, policy mobilization, social dynamics, development trends, and economic development in these countries are also taken into consideration.
Automotive Axle manufacturers
Downstream vendors and end-users
Traders, distributors, and resellers of Automotive Axle
Automotive Axle industry associations and research organizations
Product managers, Automotive Axle industry administrator, C-level executives of the industries
Market Research and consulting firms
What Information does this report contain?
The report covers the prediction and analysis of the global Automotive Axle market at the global and regional levels.
The report includes drivers and constraints that affect market growth.
Discussed details about market opportunities
The assessments for the regional market layout characteristics in the world.
The report includes detailed company profiles for prominent market participants.
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