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Vehicle Wheel Axle Global Demand, Key Players, Overview, Supply and Consumption Analysis

08-02-2021 09:34 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Vehicle Wheel Axle

Vehicle Wheel Axle

250 Pages Vehicle Wheel Axle Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

Subtitle – Vehicle Wheel Axle market analysis by Fact offer divulges compelling insights into factors creating sales prospects across key segments, including (segment 1), (segment 2), and (segment 3). It offers an executive-level blueprint of strategies adopted by the key market players and analyzes the impact of the same on overall growth projection.

Latest industry analysis by Fact MR, predicts Vehicle Wheel Axle sales to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.

To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=4559

The report offers actionable and valuable market insights of Vehicle Wheel Axle. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Vehicle Wheel Axle Market across various industries and regions.

This newly published and insightful report sheds light on Market Insights of Vehicle Wheel Axle, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Vehicle Wheel Axle Market.

The global wheel axle market is projected to grow at a value CAGR of more than 3% between 2019 and 2029, surpassing a valuation of US$ 87 Billion by the end of 2029. The logistics industry has been experiencing a boost owing to disruptions in the industry such as block-chain technology, digitalization, and the trend of third & fourth-party logistics. The demand for wheel axle has flourished owing to an increase in production and sales of commercial vehicles.

Besides, developed countries are privatizing train transportation, allowing private players to operate in the railway transportation business which has bolstered the wheel axle market. The trend of privatization of trains is being followed by other countries as well. India & UK have started incorporating private sector players in the train transportation business. Increasing demand from the logistics industry has resulted in an increased production of freight vehicles, which has further boosted the demand for wheel axle globally.

Key Takeaways of Wheel Axle Market
Global wheel axle market is expected to grow at a value CAGR of 3.2% to be valued at more than US$ 87 billion by the end of forecast period (2019 – 2029). In the year 2019, it was valued at US$ 63.6 billion
Passenger car end use is anticipated to accumulate the majority share in terms of value and it is expected to grow at a value share of 2.9% during the forecast period

Heavy commercial vehicle segment is projected to grow at volume CAGR of 3.5% to create absolute $ opportunity of more than US$ 5 billion and it is expected to gain 148 BPS into its market share by the end of forecast period
Wheel axle with drive torque between 300 – 600 Nm is expected to hold more than 33% market share in terms of value and it is projected to grow by 1.5X more than wheel axle with drive torque between 600 – 900 Nm

Asia Pacific is projected to create an absolute $ opportunity of more than US$ 12 billion and is expected to hold maximum share in terms of value in the global wheel axle market by the end of the forecast period
“Global wheel axle market is mainly driven by the increasing production of automotive vehicles & rolling stocks. Manufacturers are categorically focusing on mergers & acquisitions in order to expand their reach in the global market” says Fact.MR analyst

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Acquisition & Capacity Expansion to be the Market Stimulator
Global wheel Axle market is highly competitive in nature. Leading manufacturers are acquiring small scale businesses in order to grow their presence in the market. For instance, in February 2018, leading wheel axle & other automotive components manufacturer Gestamp Automocion SA acquired production plant of Brazil based metal components manufacturer Scorpios Indústria Metalúrgica Limitada in order to increase its automotive component supply for its customers in Brazil. Also, in August 2019, another leading wheel axle manufacturer Automotive Axle Limited inaugurated new assembly plant for automotive wheel axle at an R&D centre in Mysuru, India in order to expand its supply capacity in the region.

Key Segments of the Wheel Axle Market
Fact.MR’s study on the wheel axle market offers information divided into four key segments-end use, drive torque, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

End-Use

Vehicle
Passenger Car
LCV
HCV
Rail
Drive Torque

Below 300 Nm
300 – 600 Nm
600 – 900 Nm
900 – 1200 Nm
1200 – 1500 Nm
Above 1500 Nm
Region

North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/4559

Key Question answered in the survey of Vehicle Wheel Axle market report:

Sales and Demand of Vehicle Wheel Axle
Growth of Vehicle Wheel Axle Market
Market Analysis of Vehicle Wheel Axle
Market Insights of Vehicle Wheel Axle
Key Drivers Impacting the Vehicle Wheel Axle market
Which are the Key drivers impacted by Vehicle Wheel Axle market
Restraints Shaping Market Growth
Market Survey of Vehicle Wheel Axle

More Valuable Insights on Vehicle Wheel Axle Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Vehicle Wheel Axle, Sales and Demand of Vehicle Wheel Axle, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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