Global Axles Market Growth 2023-2029

Global Axles Market Growth 2023-2029

Axles are a crucial part of an automobile design and serve the tasks of load bearing, steering, safety, comfort and power delivery (live axles). Axle design directly affects the fuel efficiency and performance, leading to active research on these components.

LPI (LP Information)' newest research report, the “Axles Industry Forecast” looks at past sales and reviews total world Axles sales in 2022, providing a comprehensive analysis by region and market sector of projected Axles sales for 2023 through 2029. With Axles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Axles industry.

This Insight Report provides a comprehensive analysis of the global Axles 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 Axles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Axles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Axles 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 Axles.

The global Axles market size is projected to grow from US$ 74220 million in 2022 to US$ 94080 million in 2029; it is expected to grow at a CAGR of 94080 from 2023 to 2029.

Europe is expected to capture a sizeable market share of the global axle market. The North American Axle market, although saturated also provides growth opportunities owing to the advent of AWD vehicles. Active research on the drive train and computer control equipment leads to new designs and acts for the market. The Asian and African markets, with their growing population and increased disposable income, attract manufacturers with the availability of low-cost labor and infrastructure.

This report presents a comprehensive overview, market shares, and growth opportunities of Axles market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Live
Dead
Tandem Axles

Segmentation by application
OEM
Aftermarket

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.
Automotive Axles Ltd.
Meritor
Rockwell American
GNA Axles Ltd.
Daimler Trucks North America
ROC Spicer Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Axles market?

What factors are driving Axles market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Axles market opportunities vary by end market size?

How does Axles 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.