Global Automotive Drive Axle Market Growth 2023-2029

Global Automotive Drive Axle Market Growth 2023-2029

Automotive drive axle is an integral component of vehicles, especially for the rear wheels. Its main function is to transmit driving torque to the wheel, as well as to maintain the position of the wheels relative and the vehicle body. Automotive drive axle is mainly used in the commercial vehicles. While for the passenger vehicles, such as multi-purpose vehicles (MPV) and minibus, automotive drive axle is also a necessary component.
LPI (LP Information)' newest research report, the “Automotive Drive Axle Industry Forecast” looks at past sales and reviews total world Automotive Drive Axle sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Drive Axle sales for 2023 through 2029. With Automotive Drive Axle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Drive Axle industry.
This Insight Report provides a comprehensive analysis of the global Automotive Drive 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 Drive Axle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Drive Axle market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Drive 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 Drive Axle.
The global Automotive Drive Axle market size is projected to grow from US$ 57210 million in 2022 to US$ 56790 million in 2029; it is expected to grow at a CAGR of 56790 from 2023 to 2029.
Market competition is fierce. Although AAM and Meritor have big share, the market concentration is relatively low. In this report, the top 14 listed companies include AAM, Meritor, Sichuan Jian'an, DANA, Ankai Futian, AxleTech, PRESS KOGYO, Benteler, RABA, HANDE, ZF, SG Automotive Group, Shandong Heavy Industry and SINOTRUK, those only occupy about 32% of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Drive Axle market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Below 3 MT
3-14 MT
Above 14 MT
Segmentation by application
Passenger Vehicles
Coach
Truck
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
Sichuan Jian'an
DANA
Ankai Futian
AxleTech
PRESS KOGYO
Benteler
RABA
HANDE
ZF
SG Automotive Group
Shandong Heavy Industry
SINOTRUK
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Drive Axle market?
What factors are driving Automotive Drive Axle market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Drive Axle market opportunities vary by end market size?
How does Automotive Drive 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.