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Automotive Axle Market 2018
Automotive Axle Market Share, Size, Trends, And Business Opportunity Analysis Report 2018
include historic data, with forecast data to 2022. Automotive Axle Market report is helpful for
future strategy development, and to know about Market Drivers, Restraints, Opportunities, And
Global market size, share, Growth, Trends, key players forecast to 2022
Global Automotive Axle Market, by Type (front axle, rear axle), By Material (alloy, and carbon
fiber), By Propeller Shaft Type (single, and multi piece) - Forecast 2016-2022.
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Market Scenario:
The growth of automotive industry directly translates into increasing demand for automotive
axle market. Automotive axle is an integral part of wheeled vehicle which helps for better
steering and handling control. Depending upon its position and application axle serves different
functions of steering and transmission. Increasing acceptance of hybrid and electric vehicles
and integration of smart and advanced gearing technology acts as a major driving factor for the
automotive axle market. Growing vehicle demand as well as engineering advancement for
improving performance of vehicle are some of the factors which drives the demand for the
market. Moreover, focus on improving power and drivetrain systems encompassing
components such as clutch, transmission, and propeller shaft and rear axle driving the growth
of the market.
The Major Player Operating In The Market of Global Automotive Axle Are:
ZF Friedrichshafen AG (Germany), American Axle & Manufacturing, Inc. (U.S.), Meritor, Inc.
(U.S.), Showa Corporation (Japan), GKN Plc (U.K.) and ELBE Gelenkwellen-Service
GmbH(Germany).
Regional Analysis:
Asia pacific is dominating the market due to majority of automotive sales in the region as well
as shift towards electrification which helps the market in this region. Development of
automotive manufacturing industries in developing economies such as china and India are
driving the market for automotive Axle. Factors such as availability of low-cost manual as well
as innovations in engineering focusing towards fuel efficiency and sustainability, rising vehicle
production levels as well as globally competitive automotive manufacturing hub are some of
the factors pushing the market of automotive Axle.