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22 Jan 2021, 08:03 GMT+10
Market Analysis
The global automotive axle market is a prevalent one as this is considered to be an integral part of the wheeled vehicle, which helps for better steering and handling control. The market is expanding at a much faster rate, which in no time, will reach a high CAGR in the forecast period 2016-2022, reveals Market Research Future (MRFR). The growth of the automotive industry directly relates to the increasing demand for automotive axle market owing to the integration of smart and advanced gearing technology. Such technological advantages of automotive axle characterize its continued penetration.
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Factors Driving the Market
Depending upon the application axle functions differently in steering and transmission, hence, making the market more prominent for the consumers. Along with it, increasing acceptance of hybrid and electric vehicles coupled with the integration of smart and advanced gearing technology acts as a significant driving force for the global automotive axle market.
On the same time, the advancements in engineering for improving the performance of vehicles with increased demands of it are the most propelling yet essential factors for the market to grow in recent times. Moreover, the increased focus on improving power and drivetrain system encompassing components such as a clutch, transmission, and propeller shaft is also making the global automotive axle market to expand in substantial ways.
On the other hand, Europe accounts for the second largest market share led by the large automotive industry mainly set up in Germany, the U.K., and Italy. The vast speed trains network in Europe is another driver of the market.
Market Key Players
The vital player operating in the market of global automotive axle are ZF Friedrichshafen AG (Germany), American Axle & Manufacturing, Inc. (U.S.), Meritor, Inc. (U.S.), Showa Corporation (Japan), GKN Plc (U.K.) and ELBE Gelenkwellen-Service GmbH(Germany) and others.
Industry News
March 2018 - Melrose Industries took over GKN with a hostile bid of USD 11 billion after a three-month battle. GKN unsuccessfully tried to avert the proposal with its £ 4.4bn planned merger of its Driveline automotive business with US rival Dana.
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Key Questions Addressed by the Report
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact Company Name: Market Research Future Contact Person: Abhishek Sawant Email: Send Email Phone: +1 646 845 9312 Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar City: Pune State: Maharashtra Country: India Website: https://www.marketresearchfuture.com
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Tags: Automotive Axle Market Forecast, global Automotive Axle market, Automotive Axle Market Research, Automotive Axle Market Size, Automotive Axle Market Research Report, Automotive Axle Market Trend, Automotive Axle, Automotive Axle Market, Automotive Axle Industry, Automotive Axle Market Analysis
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