Global Automotive Axle Market Growth 2023-2029

Global Automotive Axle Market Growth 2023-2029

An axle is a central shaft for a rotating wheel or gear. On wheeled vehicles, the axle may be fixed to the wheels, rotating with them, or fixed to the vehicle, with the wheels rotating around the axle. In the former case, bearings or bushings are provided at the mounting points where the axle is supported. In the latter case, a bearing or bushing sits inside a central hole in the wheel to allow the wheel or gear to rotate around the axle.
LPI (LP Information)' newest research report, the “Automotive Axle Industry Forecast” looks at past sales and reviews total world Automotive Axle sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Axle sales for 2023 through 2029. With Automotive Axle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Axle industry.
This Insight Report provides a comprehensive analysis of the global Automotive Axle landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Axle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Axle market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Axle and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Axle.
The global Automotive Axle market size is projected to grow from US$ 28370 million in 2022 to US$ 34420 million in 2029; it is expected to grow at a CAGR of 34420 from 2023 to 2029.
Market competition is fierce. Although AAM, Meritor and DANA are the top 3 players, occupying for over 33% of global automotive axle market, the market concentration is relatively not too high. The top 18 listed companies occupy about 70% of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Axle market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Front Axle
Rear Axle
Segmentation by application
Commercial Vehicle
Passenger Cars
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AAM
Meritor
DANA
ZF
PRESS KOGYO
HANDE Axle
BENTELER
Sichuan Jian'an
KOFCO
Gestamp
Shandong Heavy Industry
Hyundai Dymos
Magneti Marelli
SINOTRUK
Hyundai WIA
SAF-HOLLAND
SG Automotive
IJT Technology Holdings
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Axle market?
What factors are driving Automotive Axle market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Axle market opportunities vary by end market size?
How does Automotive Axle break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.