Market Overview:
The global automotive front axle module 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 module market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into carbon steel type, steel type and others. The carbon steel type segment is expected to account for a major share of the global automotive front axle module market in 2018 owing to its low cost as compared to other types of materials used in manufacturing front axles modules. However, with technological advancements being made in this field on a regular basis, it is anticipated that other types such as aluminum alloys will gain prominence over carbon steel over time owing to their better properties including weight reduction and corrosion resistance among others.
Product Definition:
An automotive front axle module is a structural component that connects the front wheels of a vehicle to the chassis. It consists of an axle housing, bearings, and a spindle that supports the wheel. The module transmits power from the engine to the wheels and also helps to steer the vehicle. It is important for transmitting torque and steering input, and it must be strong enough to withstand loads from both braking and accelerating.
Carbon Steel Type:
Carbon steel is one of the important raw materials used in the automotive industry. It has a high demand owing to its properties such as ductility, malleability, and corrosion resistance. The growth of this market can be attributed to factors such as increasing vehicle production especially in emerging economies like India and China coupled with growing consumer preference for vehicles with long durability.
Steel Type:
The steel type used in automotive front axle module is a key component of the vehicle’s driveline. It has an important role to play while carrying heavy loads over rough terrains. The choice of material for making these modules depends on various factors such as strength, weight, cost, and durability among others.
Different types of steel are available with different characteristics which can be utilized by manufacturers according to their requirements depending upon the end-use application in automobiles.
Application Insights:
The passenger cars segment dominated the global automotive front axle module 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 improved performance and comfort on long journeys. Furthermore, stringent government regulations regarding road safety are encouraging manufacturers to adopt advanced safety technologies in their vehicles, which is further propelling product demand across all price segments of the market.
Commercial vehicle application is expected to witness significant growth over the forecast period owing to rising demand from construction and mining industries for commercial trucks and heavy-duty vehicles respectively. In addition, technological advancements coupled with increased efficiency of carbon steel type FADMs will help propel their use in light commercial vehicles (LCVs).
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 automotive production and sales in countries such as China, India, Japan, and South Korea. Furthermore, rising disposable income coupled with a growing population will also boost the market growth over the forecast period.
The European front axle module market is anticipated to grow at a CAGR of XX% from 2018 to 2030 due to stringent regulations by various regulatory bodies such as ECE 22-05 and American National Standards Institute (ANSI). In addition, technological advancements coupled with increased R&D activities are also likely contribute toward regional growth over the coming years.
In North America, Mexico has emerged as one of the major manufacturing hubs for domestic consumption along with being an export base for premium vehicles manufactured in U.S., Canada & Mexico (CMCM) region or Central & South America (CSA).
Growth Factors:
- Increasing demand for lightweight vehicles: The automotive front axle module market is expected to grow at a CAGR of 5.5% from 2017 to 2025, owing to the increasing demand for lightweight vehicles. This is because the use of lightweight materials in automotive front axle modules helps in reducing the overall weight of the vehicle, which leads to improved fuel efficiency and reduced emissions.
- Rising demand for electric and hybrid vehicles: The global market for electric and hybrid vehicles is projected to grow at a CAGR of 15% from 2017 to 2025, owing to stringent emission norms across different countries and rising consumer awareness about the benefits of electric and hybrid vehicles over traditional gasoline-powered cars. This is expected to drive growth in the automotive front axle module market during the forecast period.
- Growing popularity of SUVs: SUV sales are growing rapidly across different regions due to their superior performance as well as fuel efficiency as compared with other types of passenger cars such as sedans or hatchbacks. This is expectedto boost growth in th eautomotive front axle module market duringthe forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Front Axle Module Market Research Report
By Type
Carbon Steel Type, Steel Type, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
ZF Friedrichshafen (Germany), Meritor (USA), Kalyani (India), Press Kogyo (Japan), Wanxiang Qianchao (China), Fawer Automotive Parts (China), Korea Flange (Korea), Akashi-Kikai Industry (Japan), Aoi Machine Industry (Japan), Asano Gear Kyushu (Japan), ZF Friedrichshafen (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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Front Axle Module Market Report Segments:
The global Automotive Front Axle Module 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:
- ZF Friedrichshafen (Germany)
- Meritor (USA)
- Kalyani (India)
- Press Kogyo (Japan)
- Wanxiang Qianchao (China)
- Fawer Automotive Parts (China)
- Korea Flange (Korea)
- Akashi-Kikai Industry (Japan)
- Aoi Machine Industry (Japan)
- Asano Gear Kyushu (Japan)
- ZF Friedrichshafen (Germany)
Highlights of The Automotive Front Axle Module 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 Module 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
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- Understanding Competition Scenario
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- 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 Module is a device that helps to improve the performance of a car's front axle. It is typically installed in cars that are designed for off-road use, such as SUVs and pickup trucks. This module helps to reduce the amount of torque required to move the car forward, which can lead to improved acceleration and handling.
Some of the key players operating in the automotive front axle module market are ZF Friedrichshafen (Germany), Meritor (USA), Kalyani (India), Press Kogyo (Japan), Wanxiang Qianchao (China), Fawer Automotive Parts (China), Korea Flange (Korea), Akashi-Kikai Industry (Japan), Aoi Machine Industry (Japan), Asano Gear Kyushu (Japan), ZF Friedrichshafen (Germany).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Front Axle Module 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 Module Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Front Axle Module 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 Module 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 Module Market Size & Forecast, 2018-2028
4.5.1 Automotive Front Axle Module Market Size and Y-o-Y Growth
4.5.2 Automotive Front Axle Module Market Absolute $ Opportunity
Chapter 5 Global Automotive Front Axle Module 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 Module 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 Module 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 Module 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 Module 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 Module 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 Module Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Front Axle Module 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 Module 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 Module 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 Module Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Front Axle Module 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 Module 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 Module 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 Module Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Front Axle Module 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 Module 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 Module 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 Module Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Front Axle Module 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 Module 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 Module 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 Module Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Front Axle Module 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 Module 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 Module 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 Module Market: Competitive Dashboard
14.2 Global Automotive Front Axle Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZF Friedrichshafen (Germany)
14.3.2 Meritor (USA)
14.3.3 Kalyani (India)
14.3.4 Press Kogyo (Japan)
14.3.5 Wanxiang Qianchao (China)
14.3.6 Fawer Automotive Parts (China)
14.3.7 Korea Flange (Korea)
14.3.8 Akashi-Kikai Industry (Japan)
14.3.9 Aoi Machine Industry (Japan)
14.3.10 Asano Gear Kyushu (Japan)
14.3.11 ZF Friedrichshafen (Germany)
