Market Overview:
The global passenger car and light truck 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 growth of the global passenger car and light truck axle market can be attributed to the increasing demand for passenger cars and light trucks across the globe. Passenger cars are witnessing an increase in demand due to their fuel efficiency, comfort, style, safety features, etc., which is propelling the growth of the global passenger car axle market. Additionally, rising disposable income levels coupled with changing lifestyles are also fuelling the demand for luxury cars that require high-quality axles.
Product Definition:
A passenger car axle is a vehicle component that transmits power from the engine to the wheels. It consists of a shaft, bearings, and a housing. The axle is responsible for transferring torque from the engine to the wheels and for bearing the weight of the vehicle. Passenger car axles are typically made from steel or aluminum.
Light truck axles are similar to passenger car axles but are stronger and can handle more weight. They are used in vehicles such as pickup trucks and SUVs.
Front Axle:
The front axle is a component that is at the front of a vehicle, typically in the form of two wheels or one wheel with an independent suspension system. The function of the front axle is to act as a support for the body and load during braking and turning.
In automobiles, it generally does this by means of its steering knuckle (if it has one) or by using four semi-circular cross-sectioned arms attached to its frame structure at each corner.
Rear Axle:
Rear axle is a component of vehicle rear suspension that helps in preventing the vehicle from rolling. It also provides additional traction during braking and turning. The main function of rear axle is to transfer the drive torque from engine to wheel, which is achieved by free rotation or by coupling with another object via a differential.
The selection of appropriate rear axles depends on various factors such as load capacity, speed, steering system requirements and driving conditions among others.
Application Insights:
Passenger vehicles accounted for the largest share in 2017 and are anticipated to maintain their dominance over the forecast period. The segment is driven by growing demand for passenger cars from developing countries such as China, India, Brazil and Mexico. Moreover, increasing sales of passenger cars in developed countries including Germany, U.K., France and Spain are expected to fuel industry growth over the forecast period.
Medium commercial vehicles or trucks include those with a GVWR of 4 tons or more; these generally serve long-distance routes where low maintenance costs are acceptable because they can be offset by higher utilization rates on fewer units of equipment per day (OEE).
The heavy-duty commercial vehicle axle market is estimated to witness significant growth during the forecast period owing to its use in buses.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue in 2017. The region is expected to continue its dominance over the forecast period owing to rapid industrialization and urbanization, which has led to an increase in passenger car production. Furthermore, increasing disposable income levels coupled with rising vehicle ownership are projected to further fuel demand for passenger cars and light trucks over the next eight years.
Europe accounted for a significant share of global volume sales in 2017 due to high demand from several key markets including Germany, France, Italy and U.K., among others.
Growth Factors:
- Increasing demand for lightweight vehicles: The global trend of downsizing and weight reduction in passenger cars is expected to drive the demand for passenger car axles.
- Growing popularity of electric vehicles: Electric vehicles are gaining popularity due to their environment-friendly nature and tax benefits offered by various governments around the world. This is expected to boost the demand for electric vehicle axles in the coming years.
- Rising urbanization: The growth of cities and increasing population density are leading to an increase in transportation needs, which is driving the demand for passenger car axles worldwide.
- Technological advancements: Axle manufacturers are focusing on developing new technologies that can improve axle performance and durability, thereby boosting market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Car & Light Truck Axles Market Research Report
By Type
Front Axle, Rear Axle
By Application
Passenger Vehicles, Medium Commercial Vehicles, Heavy Duty Commercial Vehicles, Light Duty Commercial Vehicles
By Companies
FHWA Class, General Motors, AAM, ZF Friedrichshafen, Dana, Meritor, Korea Flange, Hyundai Dymos, SeAH Besteel, Press Kogyo, FHWA Class, ILJIN, Timken, Gestamp, Magneti Marelli, GKN, Ford, Fiat
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Car & Light Truck Axles Market Report Segments:
The global Passenger Car & Light Truck Axles market is segmented on the basis of:
Types
Front Axle, Rear Axle
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, Medium Commercial Vehicles, Heavy Duty Commercial Vehicles, Light Duty 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:
- FHWA Class
- General Motors
- AAM
- ZF Friedrichshafen
- Dana
- Meritor
- Korea Flange
- Hyundai Dymos
- SeAH Besteel
- Press Kogyo
- FHWA Class
- ILJIN
- Timken
- Gestamp
- Magneti Marelli
- GKN
- Ford
- Fiat
Highlights of The Passenger Car & Light Truck Axles 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:
- Front Axle
- Rear Axle
- By Application:
- Passenger Vehicles
- Medium Commercial Vehicles
- Heavy Duty Commercial Vehicles
- Light Duty 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 Passenger Car & Light Truck Axles 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?
Passenger car and light truck axles are the components that connect the wheels to the vehicle's frame. They typically have a number of different sizes, which allow for a variety of wheel sizes.
Some of the major companies in the passenger car & light truck axles market are FHWA Class, General Motors, AAM, ZF Friedrichshafen, Dana, Meritor, Korea Flange, Hyundai Dymos, SeAH Besteel, Press Kogyo, FHWA Class, ILJIN, Timken, Gestamp, Magneti Marelli, GKN, Ford, Fiat.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Car & Light Truck Axles 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 Passenger Car & Light Truck Axles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Car & Light Truck Axles 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 Passenger Car & Light Truck Axles 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 Passenger Car & Light Truck Axles Market Size & Forecast, 2020-2028
4.5.1 Passenger Car & Light Truck Axles Market Size and Y-o-Y Growth
4.5.2 Passenger Car & Light Truck Axles 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 Front Axle
5.2.2 Rear Axle
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 Vehicles
6.2.2 Medium Commercial Vehicles
6.2.3 Heavy Duty Commercial Vehicles
6.2.4 Light Duty Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Car & Light Truck Axles 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 Passenger Car & Light Truck Axles 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 Front Axle
9.6.2 Rear Axle
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 Vehicles
9.10.2 Medium Commercial Vehicles
9.10.3 Heavy Duty Commercial Vehicles
9.10.4 Light Duty 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 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 Front Axle
10.6.2 Rear Axle
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 Vehicles
10.10.2 Medium Commercial Vehicles
10.10.3 Heavy Duty Commercial Vehicles
10.10.4 Light Duty 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 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 Front Axle
11.6.2 Rear Axle
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 Vehicles
11.10.2 Medium Commercial Vehicles
11.10.3 Heavy Duty Commercial Vehicles
11.10.4 Light Duty 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 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 Front Axle
12.6.2 Rear Axle
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 Vehicles
12.10.2 Medium Commercial Vehicles
12.10.3 Heavy Duty Commercial Vehicles
12.10.4 Light Duty 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) 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 Front Axle
13.6.2 Rear Axle
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 Vehicles
13.10.2 Medium Commercial Vehicles
13.10.3 Heavy Duty Commercial Vehicles
13.10.4 Light Duty 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 Passenger Car & Light Truck Axles Market: Competitive Dashboard
14.2 Global Passenger Car & Light Truck Axles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FHWA Class
14.3.2 General Motors
14.3.3 AAM
14.3.4 ZF Friedrichshafen
14.3.5 Dana
14.3.6 Meritor
14.3.7 Korea Flange
14.3.8 Hyundai Dymos
14.3.9 SeAH Besteel
14.3.10 Press Kogyo
14.3.11 FHWA Class
14.3.12 ILJIN
14.3.13 Timken
14.3.14 Gestamp
14.3.15 Magneti Marelli
14.3.16 GKN
14.3.17 Ford
14.3.18 Fiat
