Automotive drive axle is an integral component of vehicles, especially for the rear wheels. Its main function is to transmit driving torque to the wheel, as well as to maintain the position of the wheels relative and the vehicle body. Automotive drive axle is mainly used in the commercial vehicles. While for the passenger vehicles, such as multi-purpose vehicles (MPV) and minibus, automotive drive axle is also a necessary component.
Market competition is fierce. Although AAM and Meritor have big share, the market concentration is relatively low. In this report, the top 14 listed companies only occupy about 32% of the market in 2015.
For the fierce competition between suppliers, the price and gross margin is expected to decrease further.
Briefly speaking, in the next few years, Automotive Drive Axle industry will still be a highly energetic industry. Although sales of Automotive Drive Axle brought a lot of opportunities, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the Automotive Drive Axle field hastily.


According to this study, over the next five years the Automotive Drive Axle market will register a -0.2% CAGR in terms of revenue, the global market size will reach US$ 58300 million by 2024, from US$ 59000 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Drive Axle business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Drive Axle market by product type, application, key manufacturers and key regions and countries.

This study considers the Automotive Drive Axle 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.
?3 MT
3-14 MT
?14 MT
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4: and forecast to 2024 in section 11.8.
Passenger Vehicles
Coach
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.
AAM
Meritor
Sichuan Jian'an
DANA
Ankai Futian
AxleTech
PRESS KOGYO
Benteler
RABA
HANDE
ZF
SG Automotive Group
Shandong Heavy Industry
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 Automotive Drive Axle 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 Automotive Drive Axle market by identifying its various subsegments.
Focuses on the key global Automotive Drive Axle 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 Automotive Drive Axle 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 Automotive Drive Axle 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.