An axle is a part of the transmission assembly of an automobile. The main purpose of an axle is to bear the weight of the vehicle and also maintain the position of wheels relative to each other and to the vehicle body. Axles can either be live-axles or non-driving axles. In an automobile, live axles help in transmitting the power from engine on to wheels via the drive shaft.
The global average price of Axle Shaft is in the decreasing trend, from 63.48 USD/Unit in 2011 to 61.43 USD/Unit in 2015. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of Axle Shaft includes Half Shaft, Propeller Shaft and Axle Shaft, and the proportion of Half Shaft in 2015 is about 76%.
Europe region is the largest supplier of Axle Shaft, with a production market share nearly 22% in 2015. China is the second largest supplier of Axle Shaft Media, enjoying production market share nearly 27% in 2015.
According to this study, over the next five years the Axle Shaft market will register a 2.2% CAGR in terms of revenue, the global market size will reach USD 16500 million by 2024, from USD 14500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Axle Shaft business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Axle Shaft market by product type, application, key manufacturers and key regions and countries.
This study considers the Axle Shaft value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Propeller Shaft
Half Shaft
Axle Shaft
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Vehicle (Ex. SUV)
SUV & Truck
Commercial Vehicle (Ex. Truck)
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
GKN
NTN
SDS
Dana
Nexteer
Hyundai-Wia
IFA Rotorion
Meritor
AAM
Neapco
JTEKT
Yuandong
Wanxiang
Showa
Lingyun
Guansheng
GNA Enterprises
Fawer
Hengli
Danchuan
Lantong
Talbros Engineering
Dongfeng
Golden
Sinotruk
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Axle Shaft consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Axle Shaft market by identifying its various subsegments.
Focuses on the key global Axle Shaft manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Axle Shaft with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Axle Shaft submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
