Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Automotive Drive Axle Market by Type (Less than or equal to3 MT, 3-14 MT, Greater than or equal to14 MT), By Application (Passenger Vehicles, Coach, Truck) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Automotive Drive Axle Market by Type (Less than or equal to3 MT, 3-14 MT, Greater than or equal to14 MT), By Application (Passenger Vehicles, Coach, Truck) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 158145 3300 Machinery & Equipment 377 239 Pages 4.6 (43)
                                          

Market Overview:


The global automotive drive axle market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. In terms of type, the less than or equal to 3 MT segment is expected to dominate the global automotive drive axle market during the forecast period owing to its low cost and easy installation. However, in terms of growth, the greater than or equal to 14 MT segment is projected to register highest CAGR during 2018-2030.


Global Automotive Drive Axle Industry Outlook


Product Definition:


The automotive drive axle is a component of the drivetrain that transmits power from the engine to the wheels. It consists of a driveshaft and one or more axles, and is typically enclosed in a housing called an axle housing. The axle housing contains gear sets that increase or decrease the speed of the driveshaft according to the needs of the vehicle. The automotive drive axle is important for transmitting power from the engine to the wheels, allowing vehicles to move forwards or backwards.


Less than or equal to3 MT:


The less than or equal to3 MT (LSM Tyre) market is expected to grow at a significant pace owing to the increasing demand for automobiles across the globe. The LSM tire has three main components, namely ply, cord and rib. As compared to normal tires which have steel belts running around the tire, LSM tires are made up of different materials such as glass fiber reinforced plastic (GRP), natural rubber and polyester resin.


3-14 MT:


3-14 MT is a type of medium-speed engine oil, which finds its major application in automotive drive axle. It has high viscosity index and low Sulfur content as compared to other conventional motor oils. The product also provides better protection against wear and tear along with improved performance, longer drain intervals between the changeovers and reduced maintenance costs due to fewer lubricant changes.


Application Insights:


Passenger vehicles accounted for the largest revenue share in 2016 and is anticipated to maintain its dominance over the forecast period. The segment is driven by increasing demand for passenger cars from developing countries such as China, India, Brazil and Mexico. Moreover, stringent government regulations regarding reduction in vehicular emissions are expected to drive demand for automotive drive axle across all applications during the forecast period.


The application of truck axles includes medium-duty commercial vehicles (less than or equal to3 tons) and heavy-duty commercial vehicles (greater than or equal to14 tons). Demand for these products has been growing steadily owing to their increased use in long-distance transport operations where durability and load capacity are key factors determining product selection. In addition, growth of various end-use industries including mining, construction materials handling along with rapid urbanization have ledto an increase in number of trucks on roads which further boosts market growth.


Regional Analysis:


Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major automotive manufacturing hubs, such as China, Japan, India and South Korea. Increasing demand for automobiles across these countries on account of rising disposable income coupled with government initiatives encouraging domestic vehicle production are likely to have a positive impact on industry growth.


Europe accounted for a significant share in terms of revenue owing to stringent emission norms implemented by various governments across European countries that are anticipated to force manufacturers operating within Europe's borders adopt more efficient drive axle technologies than those currently being used by them at their current production capacities which would result in higher unit shipments thereby positively influencing industry growth over the next eight years.


The North American regional market was dominated by U.S., which held around 54% market share owing tp high consumer preference towards vehicles equipped with advanced safety features such as airbags and anti-lock braking systems (ABS).


Growth Factors:


  • Increasing demand for lightweight vehicles: The automotive drive axle market is expected to benefit from the increasing demand for lightweight vehicles. This is because the use of a lighter drive axle can result in improved fuel efficiency and performance of the vehicle.
  • Growing popularity of electric and hybrid vehicles: The global market for electric and hybrid vehicles is growing at a rapid pace, which is likely to boost the demand for automotive drive axles in the coming years.
  • Rising disposable income levels: A rise in disposable income levels across emerging economies has led to an increase in consumer spending on automobiles, thereby boosting the demand for automotive drive axles globally.
  • Technological advancements: The development of new technologies such as all-wheel-drive systems has led to an increase in adoption rates of advanced axle technologies, thereby propelling growth prospects for this market over the forecast period. 5) Stringent emission norms: Stringent emission norms are being implemented by various governments around the world with a view to reduce environmental pollution levels from automobiles exhausts; this is likely to spur growth prospects for automotive drive axles over

Scope Of The Report

Report Attributes

Report Details

Report Title

Automotive Drive Axle Market Research Report

By Type

Less than or equal to3 MT, 3-14 MT, Greater than or equal to14 MT

By Application

Passenger Vehicles, Coach, Truck

By Companies

AAM, Meritor, Sichuan Jian'an, DANA, Ankai Futian, AxleTech, PRESS KOGYO, Benteler, RABA, HANDE, ZF, SG Automotive Group, Shandong Heavy Industry, SINOTRUK

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

239

Number of Tables & Figures

168

Customization Available

Yes, the report can be customized as per your need.


Global Automotive Drive Axle Market Report Segments:

The global Automotive Drive Axle market is segmented on the basis of:

Types

Less than or equal to3 MT, 3-14 MT, Greater than or equal to14 MT

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Passenger Vehicles, Coach, Truck

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. AAM
  2. Meritor
  3. Sichuan Jian'an
  4. DANA
  5. Ankai Futian
  6. AxleTech
  7. PRESS KOGYO
  8. Benteler
  9. RABA
  10. HANDE
  11. ZF
  12. SG Automotive Group
  13. Shandong Heavy Industry
  14. SINOTRUK

Global Automotive Drive Axle Market Overview


Highlights of The Automotive Drive Axle Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Less than or equal to3 MT
    2. 3-14 MT
    3. Greater than or equal to14 MT
  1. By Application:

    1. Passenger Vehicles
    2. Coach
    3. Truck
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Drive Axle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Automotive Drive Axle Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


An automotive drive axle is a type of axle used in automobiles. It typically consists of a central shaft with several gears around it, and is connected to the differential or transmission. The axle provides power to the wheels by turning them.

Some of the major companies in the automotive drive axle market are AAM, Meritor, Sichuan Jian'an, DANA, Ankai Futian, AxleTech, PRESS KOGYO, Benteler, RABA, HANDE, ZF, SG Automotive Group, Shandong Heavy Industry, SINOTRUK.

The automotive drive axle market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Automotive Drive Axle Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Automotive Drive Axle Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Automotive Drive Axle Market - Supply Chain
   4.5. Global Automotive Drive Axle Market Forecast
      4.5.1. Automotive Drive Axle Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Automotive Drive Axle Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Automotive Drive Axle Market Absolute $ Opportunity

5. Global Automotive Drive Axle Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Automotive Drive Axle Market Size and Volume Forecast by Type
      5.3.1. Less than or equal to3 MT
      5.3.2. 3-14 MT
      5.3.3. Greater than or equal to14 MT
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Automotive Drive Axle Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Automotive Drive Axle Market Size and Volume Forecast by Application
      6.3.1. Passenger Vehicles
      6.3.2. Coach
      6.3.3. Truck
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Automotive Drive Axle Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Automotive Drive Axle Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Automotive Drive Axle Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Automotive Drive Axle Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Automotive Drive Axle Demand Share Forecast, 2019-2026

9. North America Automotive Drive Axle Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Automotive Drive Axle Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Automotive Drive Axle Market Size and Volume Forecast by Application
      9.4.1. Passenger Vehicles
      9.4.2. Coach
      9.4.3. Truck
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Automotive Drive Axle Market Size and Volume Forecast by Type
      9.7.1. Less than or equal to3 MT
      9.7.2. 3-14 MT
      9.7.3. Greater than or equal to14 MT
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Automotive Drive Axle Demand Share Forecast, 2019-2026

10. Latin America Automotive Drive Axle Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Automotive Drive Axle Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Automotive Drive Axle Market Size and Volume Forecast by Application
      10.4.1. Passenger Vehicles
      10.4.2. Coach
      10.4.3. Truck
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Automotive Drive Axle Market Size and Volume Forecast by Type
      10.7.1. Less than or equal to3 MT
      10.7.2. 3-14 MT
      10.7.3. Greater than or equal to14 MT
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Automotive Drive Axle Demand Share Forecast, 2019-2026

11. Europe Automotive Drive Axle Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Automotive Drive Axle Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Automotive Drive Axle Market Size and Volume Forecast by Application
      11.4.1. Passenger Vehicles
      11.4.2. Coach
      11.4.3. Truck
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Automotive Drive Axle Market Size and Volume Forecast by Type
      11.7.1. Less than or equal to3 MT
      11.7.2. 3-14 MT
      11.7.3. Greater than or equal to14 MT
   11.8. Basis Point Share (BPS) Analyss by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Automotive Drive Axle Demand Share, 2019-2026

12. Asia Pacific Automotive Drive Axle Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Automotive Drive Axle Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Automotive Drive Axle Market Size and Volume Forecast by Application
      12.4.1. Passenger Vehicles
      12.4.2. Coach
      12.4.3. Truck
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Automotive Drive Axle Market Size and Volume Forecast by Type
      12.7.1. Less than or equal to3 MT
      12.7.2. 3-14 MT
      12.7.3. Greater than or equal to14 MT
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Automotive Drive Axle Demand Share, 2019-2026

13. Middle East & Africa Automotive Drive Axle Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Automotive Drive Axle Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Automotive Drive Axle Market Size and Volume Forecast by Application
      13.4.1. Passenger Vehicles
      13.4.2. Coach
      13.4.3. Truck
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Automotive Drive Axle Market Size and Volume Forecast by Type
      13.7.1. Less than or equal to3 MT
      13.7.2. 3-14 MT
      13.7.3. Greater than or equal to14 MT
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Automotive Drive Axle Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Automotive Drive Axle Market: Market Share Analysis
   14.2. Automotive Drive Axle Distributors and Customers
   14.3. Automotive Drive Axle Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. AAM
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Meritor
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Sichuan Jian'an
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. DANA
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Ankai Futian
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. AxleTech
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. PRESS KOGYO
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Benteler
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. RABA
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. HANDE
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. ZF
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. SG Automotive Group
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Shandong Heavy Industry
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. SINOTRUK
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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