Analysis of Rear Axle Market by 2022
Global Rear Axle Market Report 2018 explores future trends
for supply, demand and market growth rate, market size,
prices, trading, competition and value chain as well as Key
Players of the industry’s information with forecast from 2018
to 2022.
Global Rear Axle Market Overview:
According to Market Analyst, Global Rear Axle Market is projected to grow at a healthy growth rate from
2018 to 2022.
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Rear axle is one of the major component for automobile industry and powers the fuel economy in
vehicles. The automobile makers are now shifting their focus on the design of undercarriage
components to reduce overall weight and emission. The increasing demand for fuel-efficient vehicles
and stringent norms by the government regarding emissions are expected to drive the industry over the
forecast period. Lightweight rear axles are developed and designed to fulfill the consumer demands.
The Global Rear Axle Market can be segmented into Product Type, Application, and geography. On the
Basis of Product Type, Market can be segmented into Drive, Dead, Lift. The dead segment is expected to
lead over the forecast period. Based on application, Market can be segmented into Heavy vehicles,
Luxury vehicles, Executive vehicles, Economy vehicles, SUV. The luxury vehicles application is expected
to witness the fastest growth among other applications.
Regionally, Asia pacific is expected to witness a significant growth, owing to the high production capacity
of rear axle types in the emerging countries such as Japan, Korea, and China. In last few years, the region
dominated the market in terms of light vehicle production.
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The Market is segmented and projected on the basis of major key player’s:
1 American Axle & Manufacturing Holdings
2 Dana Holding Corporation
3 Meritor, Inc.