Automotive Rear Axle Market Expand Their Businesses With New Investments by 2025

The rear axle is a prime component in the powertrain of an automotive vehicle and it is used in rear-wheel drive vehicles. It lies between the driving wheels and differential gear to transmit power from the differential gear to the driving wheels. The rear axle carries majority of the weight of the automotive vehicle and plays a major role in the power transmission from the engine to the driving wheel. It is also a prime source of power loss in the driveline and hence improvements in the rear axle may have a significant impact on the fuel efficiency of the vehicle. Deployment of a rear axle in an automobile depends on the gross weight of the vehicle. For instance, large heavy-duty vehicles weighing over 8,500 lb. are deployed with 2 rear axles. Rear axles are also used to add an extra wheel in an automobile for large weight hauling applications. As each tire in an automobile has a maximum load capacity (rating), thus vehicles used for hauling heavy weights may require an extra wheel. This extra wheel is added with the installation of an additional rear axle.

One of the major factors driving the growth of the rear axle market is increasing global automotive production. Global automotive production in 2014 improved 2.5% in comparison to 2013 and increased another 1% in 2015 to achieve 90.7 million units. Further, the increasing need for high capacity lifting applications is fueling demand for the rear axle market as the equipment is primarily installed in heavy duty vehicles. Moreover, logistics operations of heavy weight equipment such as electrical machines and new vehicles is expected to increase the adoption of rear axles in the near future.

Request Report For TOC @ https://www.persistencemarketresearch.com/toc/13180

The production process for a rear axle is dependent on the variant of rear axle and specific vehicle type. Hence, each type of variant demands individual planning efforts. Catering to customer demand and simultaneously maintaining competitive pricing is a key challenge faced by manufacturers.

OEMs forming strategic alliances with manufacturing equipment providers to cope with the demand from vehicle manufacturers is a major trend identified in the global automotive rear axle market.

Request to Sample of Report @ https://www.persistencemarketresearch.com/samples/13180

Examples of some industry participants in the global automotive rear axle market are: American Axle & Manufacturing Inc., Seohan Auto Usa Corporation, Zf Chassis Systems Tuscaloosa LLC, Automotive Axles Limited, Guru Nanak Auto Enterprises Ltd. and Hefei Aam Automotive Driveline & Chassis System Co. Ltd.

Pre Book Full Report @ https://www.persistencemarketresearch.com/checkout/13180

About Us

Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact

Persistence Market Research Pvt. Ltd

305 Broadway

7th Floor, New York City,

NY 10007, United States,

USA – Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com

media@persistencemarketresearch.com

Web:www.persistencemarketresearch.com

This release was published on openPR.