What is Automotive Rear Axle Market Scope?
Rear axle is the segment of a car on which the two back wheels are mounted. Never get confused between a shaft and Axles. An axle isn't a turning segment however a shaft is a turning segment. Axles are simply intended for static loadings and not dynamic stacking (like shafts). When they are structured, the torsional firmness isn't considered on the grounds that they are not exposed to torsional stresses. Depending on the sort of the vehicle (medium, heavy or extra-heavy), the back pivot packaging might be of various kinds and could possibly encourage the mounting of back differential on them. The front axle is situated in the front and encourages the mounting of the two front wheels. The front axle is otherwise called the Beam axle.
Influencing Trend:
Growing Focus towards Optimizing Vehicle Performance and Delivering Higher Torque and Engineering Advancements to Cater To the Changing Customers Need
Market Growth Drivers:
Increasing Vehicle Production, Changing Consumer Preference and Rising Acceptance of AWD Vehicles
Challenges:
Stringent Government Regulations
Restraints:
Rapid Changes in Technology and Rising Cost of Raw Materials
Opportunities:
Increasing Number of Passenger Car and Light Commercial Vehicle in Emerging Economies and Increase Number of Vehicle Production Companies in the Asia Pacific Region
The Automotive Rear Axle market study is being classified, by Application and major geographies with country level break-up.
The global automotive rear axles market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Automotive Rear Axle market throughout the predicted period.
ZF Friedrichshafen AG (Germany), GKN PLC (United Kingdom), Dana Incorporated (United States), American Axle & Manufacturing Holdings, Inc. (United States), Meritor, Inc. (United States), Showa Corporation (Japan), Hyundai Wia Corporation (South Korea), Gestamp (Spain), Jtekt Corporation (Japan) and Ifa Rotorion Holding GmbH (Germany) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Automotive Rear Axle market by Type, Application and Region.
On the basis of geography, the market of Automotive Rear Axle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In August 2022, Cummins Inc., a global power and technology leader, acquired Meritor, Inc., a leading global supplier of drivetrain, mobility, braking, aftermarket, and electric powertrain solutions for the commercial vehicle and industrial markets.
In February 2022, Dana Incorporated announced that its innovative technology included in the 2022 Ford Maverick and Ford Bronco, North American Truck, and SUV of the Year, respectively. Dana has worked with Ford since Ford provided driveline technology for the revolutionary Model T, and is proud to continue working with Ford to deliver innovative solutions to some of the world's most iconic vehicles.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Automotive Rear Axles Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Automotive Rear Axle Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Automotive Rear Axle Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Automotive Rear Axle industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.