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The increasing need to reduce the weight of automotive vehicles is promoting the global automotive axle market, predicts Fortune Business Insights in their recent report. Axles are used for driving, braking, steering in vehicles and are an important aspect of vehicle use. The launch of AxTrax AVE Portal Axle on 30th October 2018 by ZF Friedrichshafen AG has further intensified market competition for automobile axles. The AxTrax AVE Portal Axle is built to serve hybrid buses, electric buses, and trolleybuses for coping up with the regulations laid down by governments on harmful emissions. This advanced axle has reduced the weight of the vehicle by 500kg because of its powerful and compact design. Such innovations are likely to bode well for the global automotive axle market.
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Automotive Axle Market Size, Share & Industry Analysis, By Axle Type (Drive, Dead, Lift), By Application (Front, Rear), By Vehicle (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) and Regional Forecast, 2019-2025 Buy Now Sample PDF Get Discount Published Date: April 2019 Region: Global Report Format: PDF Base Year: 2018 Fortune Business Insights Pvt Ltd.
Automotive Axle Market Size, Share & Industry Analysis, By Axle Type (Drive, Dead, Lift), By Application (Front, Rear), By Vehicle (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) and Regional Forecast, 2019-2025 Report Highlights: The study conducted on the global automotive axle market by Fortune Business Insights is titled, “Automotive Axle Market Size, Share & Industry Analysis, By Axle Type (Drive, Dead, Lift), By Application (Front, Rear), By Vehicle (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) and Regional Forecast, 2019-2025.” As per this study, the market is categorized on the basis of various factors such as application, axle type, and vehicle type and geography. Among vehicle type, the market is expected to be dominated by the passenger car segment. This is attributable to the rise in production and sales of passenger cars worldwide. As per the report, the global automotive axle market size for passenger cars was 138.1 million units in the year 2018. This is likely to grow at a CAGR of 3.4% and emerge dominant. The advent of all- wheel drive transmission in light commercial vehicles and passenger cars is prognosticated to boost the automation axle market during the forecast period. On the other hand, heavy commercial vehicles are also anticipated to witness significant growth in the years to follow, owing to the rising demand for lift axle in heavy commercial vehicles. Fortune Business Insights Pvt Ltd.
Automotive Axle Market Size, Share & Industry Analysis, By Axle Type (Drive, Dead, Lift), By Application (Front, Rear), By Vehicle (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) and Regional Forecast, 2019-2025 Increasing Demand for Heavy Commercial Vehicles to Promote Market Growth A major factor boosting the global automotive axle market is the rise in demand for heavy commercial vehicles, especially from emerging economies such as China, India, and others. The demand for heavy-duty lifting operations is on the rise, and this may also help the market generate attractive revenues in the forecast duration. Europe Working on Manufacturing of Lightweight Automotive to Help Register Fast Growth Rate Currently Asia Pacific is leading the global automotive axle market because of the increasing number of vehicle production and their sales, especially in the developing nations such as China and India. On the other side, the automotive industry in Europe is anticipated to recover from its economic slowdown and show rapid growth in the coming years on account of continuous improvement in electric vehicle charging infrastructure and favorable regulations in the e-axle segment. Players operating in this region are emphasizing on developing and manufacturing technologically advanced products that will be not only fuel-efficient and meet the Euro VI emission laws but also be lightweight. Browse Complete Report: https://www.fortunebusinessinsights.com/industry-reports/automotive-axle-market-101586 Fortune Business Insights Pvt Ltd.
Automotive Axle Market Size, Share & Industry Analysis, By Axle Type (Drive, Dead, Lift), By Application (Front, Rear), By Vehicle (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) and Regional Forecast, 2019-2025 Top Players Mentioned: Various companies operating in the global Automotive Axle Market are Sumitomo Rubber Industries, Ltd. Showa Corporation ZF Friedrichshafen AG Gestamp American Axle & Manufacturing Holdings, Inc. Meritor, Inc. Jtekt Corporation Dana Incorporated GKN PLC Hyundai Wia Corporation Fortune Business Insights Pvt Ltd.
Automotive Axle Market Size, Share & Industry Analysis, By Axle Type (Drive, Dead, Lift), By Application (Front, Rear), By Vehicle (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) and Regional Forecast, 2019-2025 About Us: Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. Phone: US: +1 424 253 0390 UK: +44 2071 939123 APAC: +91 744 740 1245 Email: sales@fortunebusinessinsights.com Fortune Business Insights Pvt Ltd.
