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Overview
Rear Axle Market is forecast to reach $49.3 billion by 2025, after growing at a CAGR of 5.13% during 2020-2025. The significant rise in the global automobile production is analyzed to drive the market during the forecast period. The significant role played by a real axle in the automotive alongside the increase in investments for setting up the automobile manufacturing sites is analyzed to impact the growth of the rear axle market.
Rear axle is main part in the car for driving, where the power from gear box to rear axle is carried out by the propeller shaft. Furthermore the increasing trend of all wheel drive vehicles is boosting the market.
Report Coverage
The report: “Rear Axle Market – Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Rear Axle Market.
Key Takeaways
- Asia-Pacific dominates the Rear Axle market owing to presence of large automotive manufacturers and significant rise in the investments for seeing up the manufacturing sites in this region.
- Passenger cars is analyzed to hold a significantly high share in 2018 owing to the high production of the passenger cars.
- Increasing demand for battery electric vehicles and the ban on diesel and gasoline vehicles going forward in the European countries will create hurdles for the Rear Axle market
Design Type - Segment Analysis
Semi floating type rear axle is analyzed to grow at highest rate during the forecast period as they are highly employed in the passenger cars. Moreover the increase in the production capacity of the passenger vehicles and investments towards them is analyzed to impact the rear axle market. In March, 2091, Hyundai and Kia and announced to invest $300mn in Ola for building India-specific electric vehicles and infrastructure. Therefore the increasing investments in the passenger car manufacturing is analyzed to impact on the growth of the rear axle market during the forecast period.
Vehicle Type - Segment Analysis
Passenger vehicles are analyzed to hold the major market share in 2018 and are also growing at higher rate during the forecast period. As the rare axle maintains the stability during lateral bending and the significant rise in the global passenger vehicle market is impacting the growth of the market. In Oct, 2019, Hyundai has announced to invest $35bn in the development of autonomous driving and electric cars. Therefore the investments in the production of these cars and the employment of the rear axle in these vehicles in analyzed to boost the market. Moreover, Commercial vehicles are also analyzed to hold a significant share in the rear axle market. In Nov, 2019, Ford Motor has announced to invest $1bn in Kentucky Truck Plant, Louisville. Therefore the significant rise in the investments towards the setting up of the manufacturing plants is analyzed to boost the market during the forecast period.
Geography - Segment Analysis
APAC dominated the Rear Axle market, followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the automotive industries. According to OICA, APAC automotive sales witnessed a growth of over 6.52% during 2012-2018, with South East Asian countries having huge potential to grow. China has the largest automotive industry in the world. According to OICA, China held 35 percent share in global passenger cars sales in 2017. India also has excellent potential for automotive industry growth in the future. The country's automotive industry experienced 8% growth in production in 2018, over the previous year. With more than 11 million vehicles traveling on the U.S. roads, which is 11.5 percent of the total vehicles in the world as reported by the OICA in 2017, there will be tremendous demand for Rear Axle in the automotive application.
Drivers – Rear Axle Market
- Growing demand for electric vehicles
The significant rise in the adoption of the electric vehicles owing to the increasing awareness of global pollution caused by vehicle emissions and the significant rise in the investments for manufacturing of the electric vehicles is analyzed to be the key driving factor for rear axle market. The employment of the rare axles in the all types of vehicles including electric, autonomous and so on is further boosting the market.
Challenges – Rear Axle Market
- Manufacturing costs
The rear axle production is dependent and varies accordingly with the specific vehicle type. The manufacturers face a major challenge in producing various rare axles for every vehicle type which incurs higher costs. Furthermore maintaining of the competitive price among the market players also acts as a challenge.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Rear Axle market. In 2018, the market of Rear Axle has been consolidated by the major players including American axle and manufacturing holdings Inc, Dana Holding Corporation, Delphi Group, Hitachi, Daimler Trucks, Meritor, Inc. among others.
Acquisitions/Investments
- In 2018, Hyundai has announced to invest $1bn for the development of the electric vehicles.
- In Sept, 2018, SAIC motor has announced to invest $500M for the production of the electric vehicles.
1. Rear Axle Market - Overview
1.1 Definitions and Scope
2. Rear Axle Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Rear Axle Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Rear Axle Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Rear Axle Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Rear Axle Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Rear Axle Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
11.1 Rear Axle Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Rear Axle- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Rear Axle- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Rear Axle - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Rear Axle - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Rear Axle Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Rear Axle Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Rear Axle Market - Key Company List by Country Premium
16.1 Abbreviations
16.2 Sources
17. Rear Axle Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
1.1 Definitions and Scope
2. Rear Axle Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Rear Axle Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Rear Axle Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Rear Axle Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Rear Axle Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Rear Axle Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Rear Axle Market - By Product (Market Size -$Million / $Billion)
9. Rear Axle Market - By Type (Market Size -$Million / $Billion)
9.1 Drive Axle
9.2 Dead Axle
9.3 Lift Axle
10. Rear Axle - By Application (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.1.1 Heavy Vehicle
10.1.2 Luxury Vehicle
10.1.3 Executive Vehicle
10.1.4 Economy Vehicle
10.1.5 Suv
10.1.6 Muv
10.1.7 Railway
11. Rear Axle- By Geography (Market Size -$Million / $Billion)11.1 Rear Axle Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Rear Axle- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Rear Axle- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Rear Axle - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Rear Axle - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Rear Axle Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Rear Axle Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Rear Axle Market - Key Company List by Country Premium
15. Rear Axle Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 American Axle Manufacturing Holding
15.3 Dana Holding Corporation
15.4 Daimler Truck Llc
15.5 Gna Axle Ltd
15.6 Hema Endustri A S
15.7 Meritor Inc
15.8 Roc Spicer Ltd
15.9 Talbros Engineering Limited
15.10 Zf Friedrichshafen Ag
15.11 Gkn Plc
15.12 Company 11
15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Rear Axle Market - Appendix16.1 Abbreviations
16.2 Sources
17. Rear Axle Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends