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Global Automotive Drive Axle market was 59000 million US$ in 2018 and will reach 58200 million US$ by the end of 2025 and is Expected to Grow at a CAGR of -0.2% Between 2019-2025 By Valuates Reports

06-04-2019 08:26 AM CET | Tourism, Cars, Traffic

Press release from: Valuates Reports

Global Automotive Drive Axle market was 59000 million US$ in 2018

The Automotive Drive Axle market was valued at 59000 Million US$ in 2018 and is projected to reach 58200 Million US$ by 2025, at a CAGR of -0.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automotive Drive Axle.

Automotive drive axle is an integral component of vehicles, especially for the rear wheels. Its main function is to transmit driving torque to the wheel, as well as to maintain the position of the wheels relative and the vehicle body.

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Key Trends :

Market competition is fierce. Although AAM and Meritor have big share, the market concentration is relatively low. In this report, the top 14 listed companies only occupy about 32% of the market in 2015. For the fierce competition between suppliers, the price and gross margin is expected to decrease further.

Briefly speaking, in the next few years, Automotive Drive Axle industry will still be a highly energetic industry. Although sales of Automotive Drive Axle brought a lot of opportunities, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the Automotive Drive Axle field hastily.

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The study objectives are:

To analyze and research the global Automotive Drive Axle status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Automotive Drive Axle manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Automotive Drive Axle Breakdown Data by Type

≤3 MT
3-14 MT
≥14 MT
Automotive Drive Axle Breakdown Data by Application

Passenger Vehicles
Coach
Truck

FEATURED COMPANIES

AAM
Meritor
Sichuan Jian'an
Dana
Ankai Futian
AxleTech
PRESS KOGYO
Benteler
RABA
HANDE
ZF

Automotive Drive Axle Production by Region

United States
Europe
China
Japan
Other Regions

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