The global Automotive Axle market will reach 31300 million US$ by the end of 2025, growing at a CAGR of XX% during 2019-2025.
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.
Market competition is fierce. Although AAM, Meritor, and DANA are the top 3 players, occupying for over 33.7% of global automotive axle market, the market concentration is relatively not too high. In this report, the top 18 listed companies occupy about 70% of the market.
Subject to fluctuations in the price of steel raw materials, the product average price declined in the past few years, however, the price of steel raised up, this lead to the average price increase.
For vehicle industry, OEMs requires each automotive axle to meet rigid qualification standards to ensure performance, quality, and engineering design fit. Automotive axle sold into the aftermarket for replacement purposes is not of sufficient quality or reliability to be used by OEMs. Accordingly, automotive axle for OEMs is not interchangeable with or substitutable for the automotive axle for the aftermarket, and demand for each is separate.
The global Automotive Axle market is valued at XX million US$ and will reach 31300 million US$ by the end of 2025, growing at a CAGR of XX% during 2018-2025.
Global Automotive Axle Market Professional Survey Report 2019 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2019 through 2025. Also, a five-year historic analysis is provided for these markets in this 99 pages report.
This market report provides in-depth analytics of the Automotive Axle industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.
Automotive Axle market report includes an in-depth analysis of the competitive landscape of this business vertical, constituting companies like:
Shandong Heavy Industry
IJT Technology Holdings
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
By Industrial Application, the market can be split into:
Market Segment by Regions includes:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America
- Middle East and Africa.
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