Market Overview:
The global driving axle market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles and passenger cars across the globe. Additionally, factors such as rising disposable income, technological advancements, and growing urbanization are also contributing to the growth of this market. The global driving axle market is segmented on the basis of type into non-disconnected and disconnected driving axles. The non-disconnected driving axle segment is expected to hold a larger share in terms of revenue in 2018 owing to its high adoption rate across passenger cars and commercial vehicles.
Product Definition:
A driving axle is a powered axle that transmits power from the engine or motor to the wheels. Driving axles are found on all types of vehicles, including cars, trucks, buses and trains. The importance of a driving axle is that it delivers power to the wheels, which allows the vehicle to move forward or backward.
Non-disconnected:
Non-disconnected, it's usage and growth factor in the market for driving axle is expected to witness significant growth over the forecast period. The market is anticipated to grow at a CAGR of XX% from 2017 - 2025. Increasing demand for fuel efficient vehicles coupled with stringent government regulations on emission control is expected to drive the non-disconnected, its usage and growth factor in the market over next eight years.
Disconnected:
Disconnected systems are used in the automotive industry to reduce the parasitic losses that occur due to electrical connections. These losses cause significant problems such as heating of wires and cables, which results in increased energy consumption and a drop in performance. The loss of current can also induce vibrations, shakes, and other mechanical issues into the system resulting into reduced life expectancy of components.
Application Insights:
The commercial vehicle segment dominated the global driving axle market in 2017, accounting for over 60.0% share of the overall revenue. The segment is expected to witness significant growth owing to rising demand for trucks and buses from various end-use industries, such as construction, mining and quarrying, etc. Furthermore, technological advancements in connected vehicles are expected to open new opportunities for commercial vehicle manufacturers across the globe.
The passenger car segment is projected to expand at a CAGR of XX% from 2018 to 2030 during the forecast period owing to increasing consumer preference towards this mode of transportation due largely on cost-effectiveness and ease of use compared with other forms such as bicycles or motorcycles that may require additional training or licenses before being driven on public roads or highways respectively which can be time consuming.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% of the total revenue in 2017 owing to high demand from developing countries such as China, India, and Japan. Moreover, increasing sales of passenger cars are anticipated to drive growth over the coming years.
Europe was another major regional market that accounted for a share of more than 20% in terms of volume in 2017 on account rising R&D activities by various automotive manufacturers coupled with technological innovations across this region. North America also held a significant share due to growing demand from U.S., which is one of the largest markets globally owing increasing R&D investments by various companies along with consumer preferences towards electric vehicles (EVs).
Growth Factors:
- Increasing demand for commercial vehicles: The global Driving Axle market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for commercial vehicles from various end-use industries such as automotive, transportation, and logistics.
- Growing urbanization and industrialization: The growth of the Driving Axle market is also attributed to the rising levels of urbanization and industrialization across the globe. This has led to an increase in the demand for commercial vehicles, which in turn is fueling the growth of this market.
- Technological advancements: The development of new technologies has helped reduce fuel consumption and emissions from commercial vehicles, thereby propelling their sales worldwide. This is resulting in an increase in demand for Driving Axles globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Driving Axle Market Research Report
By Type
Non-disconnected, Disconnected
By Application
Passenger Car, Commercial Vehicle
By Companies
Hyundai Mobis, Jmcg, AAM, Fujian Sanming Gearbox, Sichuan Jian'an Industry, Jiaxing Minhui Auto Part, Qingzhou Beilian Industry, Hubei Tate Mechanical & Electrical, Yuanan Yongan Axle, Ocap Group, Dana Incorporated, Benteler, Jtekt
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Driving Axle Market Report Segments:
The global Driving Axle market is segmented on the basis of:
Types
Non-disconnected, Disconnected
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 Car, Commercial Vehicle
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:
- Hyundai Mobis
- Jmcg
- AAM
- Fujian Sanming Gearbox
- Sichuan Jian'an Industry
- Jiaxing Minhui Auto Part
- Qingzhou Beilian Industry
- Hubei Tate Mechanical & Electrical
- Yuanan Yongan Axle
- Ocap Group
- Dana Incorporated
- Benteler
- Jtekt
Highlights of The Driving Axle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-disconnected
- Disconnected
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Driving 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
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Driving axle is a component of a vehicle's transmission that transfers power from the engine to the wheels. It typically has four or more gears and is located at the rear of the vehicle.
Some of the key players operating in the driving axle market are Hyundai Mobis, Jmcg, AAM, Fujian Sanming Gearbox, Sichuan Jian'an Industry, Jiaxing Minhui Auto Part, Qingzhou Beilian Industry, Hubei Tate Mechanical & Electrical, Yuanan Yongan Axle, Ocap Group, Dana Incorporated, Benteler, Jtekt.
The driving axle market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Driving 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. Driving Axle Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Driving Axle Market - Supply Chain
4.5. Global Driving Axle Market Forecast
4.5.1. Driving Axle Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Driving Axle Market Size (000 Units) and Y-o-Y Growth
4.5.3. Driving Axle Market Absolute $ Opportunity
5. Global Driving 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. Driving Axle Market Size and Volume Forecast by Type
5.3.1. Non-disconnected
5.3.2. Disconnected
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Driving 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. Driving Axle Market Size and Volume Forecast by Application
6.3.1. Passenger Car
6.3.2. Commercial Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Driving 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. Driving 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 Driving 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. Driving 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 Driving Axle Demand Share Forecast, 2019-2026
9. North America Driving 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 Driving 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 Driving Axle Market Size and Volume Forecast by Application
9.4.1. Passenger Car
9.4.2. Commercial Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Driving Axle Market Size and Volume Forecast by Type
9.7.1. Non-disconnected
9.7.2. Disconnected
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 Driving Axle Demand Share Forecast, 2019-2026
10. Latin America Driving 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 Driving 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 Driving Axle Market Size and Volume Forecast by Application
10.4.1. Passenger Car
10.4.2. Commercial Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Driving Axle Market Size and Volume Forecast by Type
10.7.1. Non-disconnected
10.7.2. Disconnected
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 Driving Axle Demand Share Forecast, 2019-2026
11. Europe Driving 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 Driving 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 Driving Axle Market Size and Volume Forecast by Application
11.4.1. Passenger Car
11.4.2. Commercial Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Driving Axle Market Size and Volume Forecast by Type
11.7.1. Non-disconnected
11.7.2. Disconnected
11.8. Basis Point Share (BPS) Analysis 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
1.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Driving Axle Demand Share, 2019-2026
12. Asia Pacific Driving 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 Driving 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 Driving Axle Market Size and Volume Forecast by Application
12.4.1. Passenger Car
12.4.2. Commercial Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Driving Axle Market Size and Volume Forecast by Type
12.7.1. Non-disconnected
12.7.2. Disconnected
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 Driving Axle Demand Share, 2019-2026
13. Middle East & Africa Driving 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 Driving 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 Driving Axle Market Size and Volume Forecast by Application
13.4.1. Passenger Car
13.4.2. Commercial Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Driving Axle Market Size and Volume Forecast by Type
13.7.1. Non-disconnected
13.7.2. Disconnected
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 Driving Axle Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Driving Axle Market: Market Share Analysis
14.2. Driving Axle Distributors and Customers
14.3. Driving Axle Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hyundai Mobis
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Jmcg
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AAM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fujian Sanming Gearbox
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sichuan Jian'an Industry
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jiaxing Minhui Auto Part
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Qingzhou Beilian Industry
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hubei Tate Mechanical & Electrical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yuanan Yongan Axle
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ocap Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dana Incorporated
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Benteler
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Jtekt
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
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
