Market Overview:
The global automotive front axle market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. The global automotive front axle market has been segmented on the basis of type, application and region. On the basis of type, the carbon steel type segment is expected to account for a major share of the global automotive front axle market in 2018. This can be attributed to its low cost as compared to other types of steel used in manufacturing automotive front axles. However, with technological advancements being made in this field, it is likely that other types of steel will gain prominence over carbon steel in terms of usage for manufacturing automotive front axles during the forecast period.
Product Definition:
The automotive front axle is a component of the front suspension system in automobiles and light trucks. It attaches the front wheels to the car body and allows them to rotate. The automotive front axle is typically a steel shaft with u-joints at each end that connects to the wheel hubs.
Carbon Steel Type:
Carbon steel is one of the important types of steels. It has a higher carbon content (by volume) than alloy or stainless steel and by far less than silicon or manganese steels. Carbon steel is hard, brittle, tough and strong but also very rigid and heavy.
Steel Type:
The steel type used in automotive front axle is a key component of the vehicle design. It has an important impact on the performance and durability of vehicles. The different types of steels include carbon, low alloy, high strength & corrosion resistance, stainless steel and specialty alloys among others. Specialty alloys are used for specific applications in automobiles such as racing cars or off-road vehicles among others.
Application Insights:
The passenger cars segment dominated the global automotive front axle market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to increasing demand for passenger vehicles with higher safety standards and comfort levels by consumers across the globe. In addition, stringent government regulations regarding reduction in CO2 emissions from vehicles are expected to drive industry growth over the forecast period.
Commercial vehicle application is projected to witness significant growth during the forecast period owing to rising demand from construction and mining industries globally for heavy-duty trucks with high payload capacity and long distances travelled per day. Furthermore, technological advancements coupled with increased efficiency of commercial vehicles are anticipated to further fuel product demand over the coming years.
Rising penetration of electric buses in European countries including Spain, Italy and France on account of improving air quality due largelyto declining diesel bus sales is expected to positively impact industry expansion over next few years across various regions worldwide including North America.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth owing to increasing automobile production and sales in countries such as China, India, Japan, and South Korea. Moreover, rising disposable income levels coupled with a growing population will also contribute toward regional market growth.
The European front axle market is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing to stringent government regulations regarding vehicle emissions along with increasing demand for lightweight vehicles that improve fuel economy characteristics as well as safety features such as airbags and anti-lock braking systems (ABS). In addition, stringent government regulations on carbon dioxide emissions are likely boost the adoption of hybrid electric vehicles which have smaller carbon dioxide emission rates than their counterparts fueled by internal combustion engines (ICEs). This factor is also projected to drive regional market growth over the forecast period.
Growth Factors:
- Increasing demand for lightweight vehicles: The automotive front axle market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for lightweight vehicles. This is because lightweight vehicles offer better fuel efficiency and performance as compared to heavyweight vehicles.
- Rising demand for electric and hybrid cars: The global market for electric and hybrid cars is projected to grow at a CAGR of over 15% during the forecast period, which will result in an increase in the demand for automotive front axles. This is because electric and hybrid cars require more powerful front axles as compared to traditional gasoline-powered cars.
- Growing popularity of SUVs and crossovers: The popularity of SUVs and crossovers is growing rapidly across the globe, which is resulting in an increase in their sales volume. This will lead to an increase in the demand for automotive front axles over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Front Axle Market Research Report
By Type
Carbon Steel Type, Steel Type, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
Thyssenkrupp (Germany), ZF Friedrichshafen (Germany), Dana (USA), American Axle & Manufacturing (USA), Dongfeng Motor Parts and Components Group (China), Press Kogyo (Japan), IJT Technology Holdings (Japan), Bharat Forge (India), Fawer Automotive Parts (China), Korea Flange (Korea), Thyssenkrupp (Germany)
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Front Axle Market Report Segments:
The global Automotive Front Axle market is segmented on the basis of:
Types
Carbon Steel Type, Steel Type, Others
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 Cars, Commercial Vehicles
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:
- Thyssenkrupp (Germany)
- ZF Friedrichshafen (Germany)
- Dana (USA)
- American Axle & Manufacturing (USA)
- Dongfeng Motor Parts and Components Group (China)
- Press Kogyo (Japan)
- IJT Technology Holdings (Japan)
- Bharat Forge (India)
- Fawer Automotive Parts (China)
- Korea Flange (Korea)
- Thyssenkrupp (Germany)
Highlights of The Automotive Front 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:
- Carbon Steel Type
- Steel Type
- Others
- By Application:
- Passenger Cars
- Commercial Vehicles
- 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 Automotive Front 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
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?
The automotive front axle is a type of axle used in automobiles and other vehicles. It typically consists of a hub, with the wheel at its center, and four or more arms that support the weight of the vehicle.
Some of the key players operating in the automotive front axle market are Thyssenkrupp (Germany), ZF Friedrichshafen (Germany), Dana (USA), American Axle & Manufacturing (USA), Dongfeng Motor Parts and Components Group (China), Press Kogyo (Japan), IJT Technology Holdings (Japan), Bharat Forge (India), Fawer Automotive Parts (China), Korea Flange (Korea), Thyssenkrupp (Germany).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Front Axle Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Front Axle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Front Axle Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Front Axle Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Front Axle Market Size & Forecast, 2018-2028
4.5.1 Automotive Front Axle Market Size and Y-o-Y Growth
4.5.2 Automotive Front Axle Market Absolute $ Opportunity
Chapter 5 Global Automotive Front Axle Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Front Axle Market Size Forecast by Type
5.2.1 Carbon Steel Type
5.2.2 Steel Type
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Front Axle Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Front Axle Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Front Axle Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Front Axle Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Front Axle Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Front Axle Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Front Axle Market Size Forecast by Type
9.6.1 Carbon Steel Type
9.6.2 Steel Type
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Front Axle Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Front Axle Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Front Axle Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Front Axle Market Size Forecast by Type
10.6.1 Carbon Steel Type
10.6.2 Steel Type
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Front Axle Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Front Axle Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Front Axle Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Front Axle Market Size Forecast by Type
11.6.1 Carbon Steel Type
11.6.2 Steel Type
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Front Axle Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Front Axle Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Front Axle Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Front Axle Market Size Forecast by Type
12.6.1 Carbon Steel Type
12.6.2 Steel Type
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Front Axle Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Front Axle Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Front Axle Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Front Axle Market Size Forecast by Type
13.6.1 Carbon Steel Type
13.6.2 Steel Type
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Front Axle Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Front Axle Market: Competitive Dashboard
14.2 Global Automotive Front Axle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thyssenkrupp (Germany)
14.3.2 ZF Friedrichshafen (Germany)
14.3.3 Dana (USA)
14.3.4 American Axle & Manufacturing (USA)
14.3.5 Dongfeng Motor Parts and Components Group (China)
14.3.6 Press Kogyo (Japan)
14.3.7 IJT Technology Holdings (Japan)
14.3.8 Bharat Forge (India)
14.3.9 Fawer Automotive Parts (China)
14.3.10 Korea Flange (Korea)
14.3.11 Thyssenkrupp (Germany)
