Automotive Rear Axle market will reach USD 132.45 billion in 2032, American Axle & Manufacturing, Automotive Axles Limited, Seohan, ZF Chassis Systems Tuscaloosa, GNA Enterprises Ltd., ROC Spicer, Dana, Meritor, Daimler Trucks North America (DTNA), Talbro

The global automotive axle market size was valued at USD 65.52 billion in 2021 and is projected to register a compound annual growth rate (CAGR) of 2.34% from 2022 to 2032. Factors such as growing demand for heavy duty commercial vehicles such as long trailers used to carry oversize loads and increase in the sales of passenger vehicles in developing economies like Mexico, China, and India are expected to propel the growth of the market. The rising sales of luxury vehicles that demand higher torque and performance are further encouraging market growth. The growing concerns over growing carbon emissions and their environmental repercussions have caused a shift in the consumer's preference for hybrid and electric vehicles over conventional vehicles.

Get ready to identify the pros and cons of the regulatory framework, local reforms, and its impact on the Industry. Know how Leaders in Automotive Rear Axle are keeping themselves one step forward with our latest survey analysis

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Type Outlook (Volume, Thousand Units, Revenue, USD Million, 2018 - 2030)

Drive

Dead

Lift

Application Outlook (Volume, Thousand Units, Revenue, USD Million, 2018 - 2030)

Front

Rear

Vehicle Type Outlook (Volume, Thousand Units, Revenue, USD Million, 2018 - 2030)

Passenger Cars

Light Commercial Vehicle (LCV)

Heavy Commercial Vehicle (HCV)

Major highlights from the Study along with most frequently asked questions:

1) What so unique about this Automotive Rear Axle Assessment?

Market Factor Analysis: In this economic slowdown, impact on various industries is huge. Moreover, the increase in demand & supply gap as a resultant of sluggish supply chain and production line have made market worth observing. It also discusses technological, regulatory and economic trends that are affecting the market. It also explains the major drivers and regional dynamics of the global market and current trends within the industry.

Market Concentration: Includes C4 Index, HHI, Comparative Automotive Rear Axle Market Share Analysis (Y-o-Y), Major Companies, Emerging Players with Heat Map Analysis

Market Entropy: Randomness of the market highlighting aggressive steps that players are taking to overcome current scenario. Development activity and steps like expansions, technological advancement, M&A, joint ventures, launches are highlighted here.

Patent Analysis: Comparison of patents issued by each players per year.

Peer Analysis: An evaluation of players by financial metrics such as EBITDA, Net Profit, Gross Margin, Total Revenue, Segmented Market Share, Assets etc to understand management effectiveness, operation and liquidity status.

2)Why only few Companies are profiled in the report?
Industry standards like NAICS, ICB etc are considered to derive the most important manufacturers. More emphasis is given on SMEs that are emerging and evolving in the market with their product presence and technological upgraded modes, current version includes players like American Axle & Manufacturing, Automotive Axles Limited, Seohan, ZF Chassis Systems Tuscaloosa, GNA Enterprises Ltd., ROC Spicer, Dana, Meritor, Daimler Trucks North America (DTNA), Talbros Engineering Limited, Hefei AAM etc and many more.

** Companies reported may vary subject to Name Change / Merger etc.

Access full Report Description, TOC, Table of figures, Chart, etc. : https://www.mraccuracyreports.com/reportdetails/reportview/338827

3) What details will competitive landscape will provide?
A value proposition chapter to gauge Automotive Rear Axle market. 2-Page profiles of all listed company with 3 to 5 years financial data to track and comparison of business overview, product specification etc.

4) What all regional segmentation covered? Can specific country of interest be added?
Country that are included in the analysis are North America, US, Canada, Mexico, Europe, Germany, France, U.K., Italy, Russia, Nordic Countries, Benelux, Rest of Europe, Asia, China, Japan, South Korea, Southeast Asia, India, Rest of Asia, South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Turkey, Israel, Saudi Arabia, UAE & Rest of Middle East & Africa
** Countries of primary interest can be added if missing.

5) Is it possible to limit/customize scope of study to applications of our interest?
Yes, general version of study is broad, however if you have limited application in your scope & target, then study can also be customize to only those application. As of now it covers applications Aeronautics, Airports & Others.

Type Insight
The drive axle type segment dominated the market and accounted for the highest revenue share of over 65.0% in 2021. All-wheel and front-wheel drive axle are gaining popularity among manufacturers and consumers due to their ability to have better traction in different terrains. Moreover, the growing demand for passenger and commercial vehicles in the Asia Pacific, Europe, and North America will further boost the demand for different drive-type axles.

The lift axle type is expected to experience the highest CAGR of 1.8 % during the forecast period. Lift axles are considered ideal for long-haul vehicles used for logistics and carrying a heavy load. The lift axle helps extend the life cycle of brake shoes and tiers, improves the fuel efficiency of the vehicles and reducing the rolling resistance. The lift axle also distributes the weight of the cargo evenly. These factors of lift axle for heavy-duty cargo vehicles is expected to drive its demand for the market.According to the European Economic Community (EEC), the determined load carried by each axle is limited and the suitable liftable axles should automatically be dropped to obtain an adequate load distribution.

To comprehend Automotive Rear Axle market dynamics in the world mainly, the worldwide Automotive Rear Axle market is analyzed across major global regions. Customized study by specific regional or country can be provided, usually client prefers below

North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, NORDICs, BALTIC Countries, Russia, Austria and Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam etc) & Rest
• Oceania: Australia & New Zealand
Basic Segmentation Details
Automotive Rear Axle Product Types In-Depth: Half Floating Axle/Semi Floating Axle, Three Quarter Floating Axle, Fully Floating Rear Axle.

Automotive Rear Axle Major Applications/End users: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, SUV, Coach Cars, Off-Road Vehicles

Geographical Analysis: North America, US, Canada, Mexico, Europe, Germany, France, U.K., Italy, Russia, Nordic Countries, Benelux, Rest of Europe, Asia, China, Japan, South Korea, Southeast Asia, India, Rest of Asia, South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Turkey, Israel, Saudi Arabia, UAE & Rest of Middle East & Africa & Rest of World

For deep analysis of Automotive Rear Axle Market Size, Competition Analysis is provided which includes Revenue (M USD) by Players (2022-2028) & Market Share (%) by Players (2022-2028) complimented with concentration rate.

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Recent Developments

The lift axle segment is projected to witness considerable growth from 2022 to 2030. The lift axle shipment was recorded at 2.4 million units in 2019 and is anticipated to expand at a CAGR of 1.0% over the forecast period.
The Heavy Commercial Vehicle (HCV) segment will expand at a revenue-based CAGR of 0.6% between 2020 and 2027. The growth can be attributed to the increasing production of HCVs, particularly across Europe and North America. The need for more than two axles in heavy commercial vehicles is estimated to provide growth opportunities for automotive axle manufacturers.
The rear application segment dominated the market in 2019 and accounted for 56.1% in terms of volume. The growth can be attributed to the increasing production of commercial vehicles across the developed and emerging economies, as most commercial vehicles have rear-driven axles. Additionally, the growth of the logistics industry is expected to surge the demand for the extended trailer, subsequently influencing the segment growth over the forecast period.
The front application segment is estimated to exhibit a value-based CAGR of 1.4% from 2020 to 2027. The growth can be attributed to the increasing production of economy and mid-range segment cars. Moreover, the market is witnessing a rise in the penetration of all-wheel-drive vehicles, such as four-wheel-drive (4WD), six-wheel-drive (6WD), and eight-wheel-drive (8WD), is estimated to contribute to the segment growth over the forecast period.

Actual Numbers & In-Depth Analysis of Automotive Rear Axle Market Size Estimation and Trends Available in Full Version of the Report.

Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.

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