Worldwide Automotive Drive Axle market will reach 58.2 Billion US$ by the end of 2025.
The 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. The automotive drive axle is mainly used in commercial vehicles. While for the passenger vehicles, such as multi-purpose vehicles (MPV) and minibus, an automotive drive axle is also a necessary component.
Market competition is fierce. Although AAM and Meritor have a big share, the market concentration is relatively low. In this report, the top 14 listed companies only occupy about 32% of the market.
For the fierce competition between suppliers, the price and gross margin are expected to decrease further. Briefly speaking, in the next few years, Automotive Drive Axle industry will still be a highly energetic industry. Although sales of Automotive Drive Axle brought a lot of opportunities, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the Automotive Drive Axle field hastily.
The global Automotive Drive Axle market will reach 58200 million US$ by the end of 2025.
Global Automotive Drive Axle Market Professional Survey Report 2018 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 105 pages report.
This market report provides in-depth analytics of the Automotive Drive 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 Drive Axle market report includes an in-depth analysis of the competitive landscape of this business vertical, constituting companies like:
SG Automotive Group
Shandong Heavy Industry
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.