Automotive Axle Market By Types, Technologies,Business Outlook and Top Key Players- American Axle & Manufacturing, Inc. (U.S.), Meritor, Inc. (U.S.), ZF Friedrichshafen AG (Germany), PRESS KOGYO CO. LTD (Japan).
Axle, a central shaft for rotating wheel or gear, is an integral component in the automobile. in the wheeled vehicles, the axle is fixed to the wheels rotating with them, or it is fixed to the vehicle with the wheels rotating around the axle. Axle absorbs braking and acceleration forces as well as the weight of the vehicle.
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Moreover, in June 2018, Michelin North America Inc. launched the most aggressive drive-axle tire, aiming to meet the extreme conditions of oil field and logging fleets.
On the basis of segmentation, the rear wheel drive segment is expected to drive the market with CAGR of 7.8% owing to the increasing adoption in sports and luxury cars such as BMW M5 or the Cadillac CTS-V for achieving better agile handling.
Geographically, the APAC is estimated to hold the major share for the market owing to the increased production capacity of automotive components, especially in the countries such as Japan, Korea, and China.
The global automotive axle market is expected to reach USD 59516.3 million by 2025 at a CAGR of 7.5%.
Top Key Players of Automotive Axle Market :-
American Axle & Manufacturing, Inc. (U.S.), Meritor, Inc. (U.S.), ZF Friedrichshafen AG (Germany), PRESS KOGYO CO. LTD (Japan), GKN PLC (U.K), Hyundai Dymos (South Korea), Magneti Marelli S.p.A. (Italy), Shaanxi HanDe Axle Co.,Ltd (China), RSB Group (India), and IFA Rotorion - Holding GmbH (Germany) .
Market Segment By Type :-
Front Axle and Rear Axle, Front wheel drive, Rear wheel drive, Four-wheel drive.
Market Segment By Applications :-
Food Storage, Food Transportation, Food Processing, Food Packaging, Others.
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What are the key dynamic factors that are detailed in the report?
Key Market Dynamics: The Global Automotive Axle Market research report details the latest industry trends, growth patterns, and research methodologies. The factors that directly contribute to the growth of the market include the production strategies and methodologies, development platforms, and the product model itself, wherein a small change would result in further changes in the overall report. All of these factors are explained in detail in the research study.
Market Outlook: The report also sheds light on some of the major factors, including R&D, new product launches, M&A, agreements, partnerships, joint ventures, collaborations, and growth of the key industry participants, on a regional and global basis.
Major Features: The report provides a thorough analysis of some of the significant factors, which include cost, capacity, capacity utilization rate, production, revenue, production rate, consumption, import/export, supply/demand, gross, market share, CAGR, and gross margin. Besides, the report provides a comprehensive study of the key influencing factors and market inclinations, in addition to the relevant market segments and sub-segments.
Analytical Tools: The Global Automotive Axle Market report consists the precisely studied and evaluated information of the key players and their market scope using several analytical tools, including SWOT analysis, Porter’s five forces analysis, investment return analysis, and feasibility study. These tools have been used to efficiently study the growth of the major industry participants.
Potential Customers: The report offers detailed insights to users, service providers, suppliers, manufacturers, stockholders, and individuals who are interested in evaluating and self-studying this market.
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