Market Overview:
The global driven axle market is estimated to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles and passenger vehicles across the globe. Additionally, the growing demand for electric and hybrid vehicles is also expected to fuel the growth of this market during the forecast period. The global driven axle market can be segmented on the basis of type into integral and split axles. The integral axle segment is expected to hold a major share of this market during the forecast period owing to its high strength and durability as compared to split axles. On the basis of application, this market can be divided into passenger vehicle, commercial vehicle, and others (mining, construction equipment etc.).
Product Definition:
In a vehicle, the driven axle is the one that is turned by the engine. It is usually located in the middle of the car and it powers all four wheels. The importance of a driven axle is that it provides power to move the car.
Integral:
The global integral is expected to grow at a CAGR of XX% in the coming years. The growth can be attributed to increasing penetration of electric vehicles and shifting preference towards automated driving systems.
Integral is used as an alternative drivetrain for automobiles, which eliminates the need for transmission and drives the vehicle’s output shaft directly.
Split:
The split is a method to distribute the weight of the vehicle across more than two axles. The most common example of split is seen in school busses, where they have four wheels on each side and are driven by a single engine.
Advantages: It helps to reduce steering effort and increases stability while driving at high speed. Also, it reduces wear & tear on drivetrain components as well as tires due to less stress applied throughout its length.
Application Insights:
The others application segment includes farm vehicles, construction and agricultural machinery, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and buses. LCV is expected to be the fastest-growing segment over the forecast period owing to increasing demand for such products in countries like India and China. In addition, HCV is also expected to witness significant growth owing to its applications in mining sites, construction sites, highways & roadsides maintenance etc. The passenger vehicle segment was dominated by North America with a market share of over 60% in 2017 due largely to increased production of passenger cars particularly from Mexico along with other Latin American countries such as Argentina and Brazil.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization and urbanization. Rapidly growing automotive industry coupled with increasing investments in developing countries such as India, China, Thailand, Indonesia, etc., is anticipated to drive axle demand over the forecast period.
Europe accounted for a significant share of global axle production owing to presence of major automobile manufacturers such as Daimler AG; BMW Group; Fiat Chrysler Automobiles N.V.; Ford Motor Company; Mercedes-Benz AG DaimlerChrysler LLC.; Porsche GmbH & Co., Ltd.; Volkswagen Group ( AUDI , SEAT , SKODA ); Volvo Car Corporation; Jaguar Land Rover Limited among others.
Growth Factors:
- Increasing demand for commercial vehicles: The global market for commercial vehicles is expected to grow at a CAGR of more than 5% during the forecast period. This will lead to an increase in demand for driven axle systems, as they are used in most types of commercial vehicles.
- Technological advancements: Driven axle systems are becoming increasingly sophisticated, with new features such as automatic traction control and anti-lock braking systems being introduced. This is likely to lead to an increase in their adoption by vehicle manufacturers worldwide.
- Rising fuel prices: The cost of fuel has been on the rise globally in recent years, and this is likely to lead to an increase in demand for fuel-efficient driven axle systems.
- Stringent emissions regulations: Governments around the world are introducing stringent emissions regulations, which is leading vehicle manufacturers towards adopting more fuel-efficient technologies such as driven axle systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Driven Axle Market Research Report
By Type
Integral, Split
By Application
Passenger Vehicle, Commercial Vehicle, Others
By Companies
AAM, Meritor, Sichuan Jian'an, DANA, Meritor(AxleTech), PRESS KOGYO, Benteler, RABA, ZF, 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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Driven Axle Market Report Segments:
The global Driven Axle market is segmented on the basis of:
Types
Integral, Split
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 Vehicle, Commercial Vehicle, Others
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:
- AAM
- Meritor
- Sichuan Jian'an
- DANA
- Meritor(AxleTech)
- PRESS KOGYO
- Benteler
- RABA
- ZF
- Sinotruk
Highlights of The Driven 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:
- Integral
- Split
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Others
- 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 Driven 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
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- Consumer Insights
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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?
A driven axle is a type of axle that uses a differential to transmit power between the wheels. This allows the vehicle to move more easily in tight spaces or on uneven surfaces.
Some of the key players operating in the driven axle market are AAM, Meritor, Sichuan Jian'an, DANA, Meritor(AxleTech), PRESS KOGYO, Benteler, RABA, ZF, Sinotruk.
The driven axle market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Driven 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 Driven Axle Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Driven 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 Driven 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 Driven Axle Market Size & Forecast, 2020-2028 4.5.1 Driven Axle Market Size and Y-o-Y Growth 4.5.2 Driven Axle Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Integral
5.2.2 Split
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Driven 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 Driven 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Integral
9.6.2 Split
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 Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Integral
10.6.2 Split
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 Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Integral
11.6.2 Split
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 Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Integral
12.6.2 Split
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 Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Integral
13.6.2 Split
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) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.10.3 Others
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 Driven Axle Market: Competitive Dashboard
14.2 Global Driven Axle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AAM
14.3.2 Meritor
14.3.3 Sichuan Jian'an
14.3.4 DANA
14.3.5 Meritor(AxleTech)
14.3.6 PRESS KOGYO
14.3.7 Benteler
14.3.8 RABA
14.3.9 ZF
14.3.10 Sinotruk