The global automotive axle market is expected to reach the market value of around US$ 68 Bn by 2027 and is anticipated to grow at a CAGR of around 3.2% in terms of revenue during the forecast period 2020 – 2027.
The axle is set of the spinning wheel, in which the revolving wheels spin with their parts. Therefore, for a revolving wheel an axle is a central shaft. A completely floating, semi floating, front and rear axles may also be considered as the integral part of a car. Only those vehicles with rear wheel drive can use the actual axle feature. The front suspension supports the vehicle's front wheels. The front axle also increases the weight, aids in fast driving, absorbs the shocks generated by tampering paths, and absorbs unexpected braking torques.
The report provides analysis of global Automotive Axle market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Dynamics
The automobile industry's growth specifically reflects rising competition for the automobile axle market. Automotive axle is an important component of a wheel that can power and manage effective steering. The axle performs various steering and transmission purposes according to its location and operation. Improved adoption and incorporation of smart and innovative devices technologies in hybrid and electric vehicles are the main drivers of the automotive axles industry. Increasing demand for automobiles as well as technical advances to boost vehicle efficiency are some of the other factors that drive industry demand. In addition, the focus will be on improving power and drive systems that includes components such as transmission, clutch, propeller shaft and rear axle, which drive market growth. However, higher parts prices and excess weight for the car are a deterrent to the market.
Regional Stance
Asia Pacific held major market share in 2019 and projected to govern the market amid the projected time period in the global automotive axle industry due to the majority of car purchases in the region and electrifying that boosts the demand. In developing economies, such as China and India, the growth of automotive manufacturing industries drives the automotive axle industry. Factors that drive the automobile axles market are low cost manual supply and technological advances based on fuel economy and safety, further increasing vehicle production rates and a globally competitive car manufacturing center also boost the market growth. Europe has the highest rear-axle product market share, which is followed by Asia-Pacific because of factors such as government-specific strict emission requirements and the substantial rise in demand for light-weight rear-axles in cars in the world.
Report coverage
The market research study on “Automotive Axle Market (Automotive Axle Market By Type: Rear, Front; Automotive Axle Market By Material: Carbon Fiber, Alloy; Automotive Axle Market By Propeller Shaft Type: Multi Piece, Single; Automotive Axle Market By End Use: Commercial Vehicle, Passenger Cars) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Automotive Axle market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Automotive Axle market size, and segment markets by type, material, propeller shaft type, end use, and geography along with the information on companies operating in the market. The Automotive Axle market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Automotive Axle market is segmented as below:
Market Segmentation
Automotive Axle Market By Type
Automotive Axle Market By Material
Automotive Axle Market By Propeller Shaft Type
Automotive Axle Market By End Use
- Commercial Vehicle
- Passenger Cars
Automotive Axle Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Key Players and Market Situation
Participants include major global players such Dana Holding Corporation, American axle and manufacturing holdings Inc., Delphi Group, Hyundai Wia Corporation, Hitachi, Kalyani Group, and Others.
Increased demand for AWD and FWD, and increased popularity for electric and self-contained cars are some key contributors to the significant growth of auto axles manufacturers. In addition, increased demand for safer and convenient automotive functions increased the demand for advanced automotive axles technologically.
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Automotive Axle
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Automotive Axle Market By Type
1.2.2.1. Global Automotive Axle Market Revenue and Growth Rate Comparison By Type (2016-2027)
1.2.2.2. Global Automotive Axle Market Revenue Share By Type in 2019
1.2.2.3. Rear
1.2.2.4. Front
1.2.3. Automotive Axle Market By Material
1.2.3.1. Global Automotive Axle Market Revenue and Growth Rate Comparison By Material (2016-2027)
1.2.3.1.1. Carbon Fiber
1.2.3.1.2. Alloy
1.2.4. Automotive Axle Market By Propeller Shaft Type
1.2.4.1. Global Automotive Axle Market Revenue and Growth Rate Comparison By Propeller Shaft Type (2016-2027)
1.2.4.2. Multi Piece
1.2.4.3. Single
1.2.5. Automotive Axle Market By End Use
1.2.5.1. Global Automotive Axle Market Revenue and Growth Rate Comparison By End Use (2016-2027)
1.2.5.2. Commercial Vehicle
1.2.5.3. Passenger Cars
1.2.6. Automotive Axle Market By Geography
1.2.6.1. Global Automotive Axle Market Revenue and Growth Rate Comparison by Geography (2016-2027)
1.2.6.2. North America Automotive Axle Market Revenue and Growth Rate(2016-2027)
1.2.6.3. Europe Automotive Axle Market Revenue and Growth Rate(2016-2027)
1.2.6.4. Asia-Pacific Automotive Axle Market Revenue and Growth Rate(2016-2027)
1.2.6.5. Latin America Automotive Axle Market Revenue and Growth Rate(2016-2027)
1.2.6.6. Middle East and Africa (MEA) Automotive Axle Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Automotive Axle Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Automotive Axle Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Automotive Axle Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Automotive Axle Major Manufacturers in 2019
CHAPTER 4. AUTOMOTIVE AXLE MARKET BY TYPE
4.1. Global Automotive Axle Revenue By Type
4.2. Rear
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Front
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. AUTOMOTIVE AXLE MARKET BY MATERIAL
5.1. Global Automotive Axle Revenue By Material
5.2. Carbon Fiber
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. Alloy
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. AUTOMOTIVE AXLE MARKET BY PROPELLER SHAFT TYPE
6.1. Global Automotive Axle Revenue By Propeller Shaft Type
6.2. Multi Piece
6.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3. Single
6.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 7. AUTOMOTIVE AXLE MARKET BY END USE
7.1. Global Automotive Axle Revenue By End Use
7.2. Commercial Vehicle
7.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
7.3. Passenger Cars
7.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 8. NORTH AMERICA AUTOMOTIVE AXLE MARKET BY COUNTRY
8.1. North America Automotive Axle Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. North America Automotive Axle Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. U.S.
8.3.1. U.S. Automotive Axle Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
8.3.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
8.4.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
CHAPTER 9. EUROPE AUTOMOTIVE AXLE MARKET BY COUNTRY
9.1. Europe Automotive Axle Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Europe Automotive Axle Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
9.3.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
9.4.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
9.5.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
9.6.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
9.7.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
CHAPTER 10. ASIA-PACIFIC AUTOMOTIVE AXLE MARKET BY COUNTRY
10.1. Asia-Pacific Automotive Axle Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Asia-Pacific Automotive Axle Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
10.3.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
10.4.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
10.5.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.6.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
10.6.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
10.6.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.7.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
10.7.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
10.7.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.8.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
10.8.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
10.8.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
CHAPTER 11. LATIN AMERICA AUTOMOTIVE AXLE MARKET BY COUNTRY
11.1. Latin America Automotive Axle Market Revenue and Growth Rate, 2016 - 2027 ($Million)
11.2. Latin America Automotive Axle Market Revenue Share Comparison, 2016 & 2027 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
11.3.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
11.4.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
11.5.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
CHAPTER 12. MIDDLE EAST & AFRICA AUTOMOTIVE AXLE MARKET BY COUNTRY
12.1. Middle East & Africa Automotive Axle Market Revenue and Growth Rate, 2016 - 2027 ($Million)
12.2. Middle East & Africa Automotive Axle Market Revenue Share Comparison, 2016 & 2027 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
12.3.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
12.3.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
12.3.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
12.4.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
12.4.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
12.4.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
12.5.2. Market Revenue and Forecast By Material, 2016 - 2027 ($Million)
12.5.3. Market Revenue and Forecast By Propeller Shaft Type, 2016 - 2027 ($Million)
12.5.4. Market Revenue and Forecast By End Use, 2016 - 2027 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. Dana Holding Corporation
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. American axle and manufacturing holdings Inc
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Delphi Group
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Hyundai Wia Corporation
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Hitachi
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Kalyani Group
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Others
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope