Introduction
Rear Axle Market was valued at USD XX Billion in 2019 and is projected to reach USD XX billion by 2025, at a CAGR of XX% from 2020-2025. Due to the Increasing demand in Fuel-efficient Vehicles and uncompromising rules and norms by the government regarding emission are expected to drive the market growth for the forecast year. The demand for adoption has been increasing on technology regarding the cost advantages for consumer, safety, optimum comfort etc. Rising production of vehicles with lightweight fuel-efficient automotive parts has also significantly bestowed to growth. Due to fulfill the consumer demand Lightweight Rear axles are developed. Rear axles undergo wear and tear under difficult conditions and are considered to be the vital type for steering, load bearing, and driving a vehicle. For reducing emissions, they produce safer and cleaner vehicle which led to development of alternative fuel vehicles. The increasing demand for Value for Money (VFM), which includes high mileage and fuel efficient products, is anticipated to catapult the vehicle industry in the emerging countries.
Geographical Overview
At a global level, the North America region was holding the highest market share in 2015. Due to the growing demand for All Wheel Drive (AWD) vehicle, the market growth is increasing. The National Highway Traffic Safety Administration (NHTSA) and Department of Transportation (DOT) mandate the application of drives in the headlights and taillights of the vehicles. Europe is expected to offer a huge market for Rear Axle. Whereas, Asia Pacific region is considered the fastest-growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. China, India, Brazil are offering ample opportunities for the growth of Rear Axle Market with its high population base. Key factors such as Purchasing Power, Infrastructure development, low penetration for automobiles in the emerging nations, Advanced navigation technology in the automobiles are driving Rear Axle Market in the Asia Pacific region.
Segmental Overview
Rear Axle Market is segmented as per below specifications -
By Type:
• Drive
• Dead
• Lift
By Application:
• Heavy vehicles
• Luxury Vehicles
• Executive vehicles
• Economy Vehicles
• SUV
• MUV
• Railways
Competitor Analysis
Rear Axle Market has presence of some of the key major players across globe which includes
• American Axle & Manufacturing Holdings
• Dana Holding Corporation
• Meritor, Inc.
• Daimler Trucks North America LLC
• ROC Spicer Ltd.
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.
By Region:
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
Highlights of the report
What is Rear Axle Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation
Market size projection based on Historical & current market trends
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations
Chapter 1 Research Objective
1.1 Need of the Research Report
1.2 Client Objectives
1.3 Offered Solutions
Chapter 2 Recommendations
2.1 Executive Summary
2.1.1 Market Overview
2.1.2 Competitive Insights
2.1.3 Segmental Analysis
2.1.4 Geographical Market Details
2.2 Lead Generation
2.3 Consultant
2.4 Return on Investment
Chapter 3 Research Methodology
3.1 Chromatus Database
3.2 Paid Sources
3.3 Primary Data Collection
3.3.1 Email Surveys
3.3.2 Telephonic Interviews
3.3.3 Face to Face Interviews
3.4 Secondary Data Collection
3.4.1 Annual Reports
3.4.2 Government Publications
3.4.3 Trade Data
3.4.4 Association Data
3.4.5 Research Papers/ Blogs/ News Articles
3.5 Expert Advisory Panel
3.6 Data Analytics Model
Chapter 4 Rear Axle Market Overview
4.1 Parent Market Overview
4.2 Patent Analysis
4.3 PESTEL Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.3.5 Legal
4.4 SWOT Analysis
4.4.1 Strengths
4.4.2 Weakness
4.4.3 Opportunities
4.4.4 Threats
4.5 Regulations
4.6 Value Chain/ Supply Chain Analysis
4.7 Procurement & Vendor Analysis
4.8 Porters Five Analysis
4.8.1 Threat of new entrants
4.8.2 Bargaining power of suppliers
4.8.3 Bargaining power of buyers
4.8.4 Threat of substitutes
4.8.5 Competitive rivalry
Chapter 5 Regional Analysis
Global Rear Axle Market Estimation and Forecast, 2015 - 2024 (USD Billion)
5.1 North America Market
5.1.1 U.S.
5.1.2 Canada
5.1.3 Mexico
5.2 Europe Market
5.2.1 UK
5.2.2 Germany
5.2.3 Mexico
Chapter 6 Company Profile
6.1 American Axle & Manufacturing Holdings
6.1.1 Introduction
6.1.2 Financial Overview
6.1.3 Product Portfolio
6.1.4 Recent Developments
6.1.5 SWOT Analysis
6.2 Dana Holdings Corporation
6.3 Meritor, Inc.
6.4 Daimler Trucks North America LLC
6.5 ROC Spicer
Chapter 7 Competitor Analysis
7.1 Company Ranking
7.2 Key Innovators
7.3 Market Leader
7.4 Emerging Players
7.5 Strategic Alliances
7.6 Competitive Matrix of 12 Companies
Chapter 8 Global Rear Axle Market by Type Estimation and Forecast, 2015 - 2024 (USD Billion)
8.1 Drive
8.2 Dead
8.3 Lift
Chapter 9 Global Rear Axle Market by Application Estimation and Forecast, 2015 - 2024 (USD Billion)
9.1 Heavy Vehicles
9.2 Luxury Vehicles
9.3 Executive Vehicles
9.4 Economy Vehicles
9.5 SUV
9.6 MUV
9.7 Railways
Chapter 11 Appendix
11.1 Data Sources
11.2 Abbreviations
11.3 About US
11.4 Disclaimer
11.5 Key Notes
Table 1 Global Rear Axle Market, by Region, 2015 - 2024 (USD Billion)
Table 2 Global Rear Axle Market, by Product Type, 2015 - 2024 (USD Billion)
Table 3 Global Rear Axle Market, by Consumption Type, 2015 - 2024 (USD Billion)
Table 4 Global Rear Axle Market, by Distribution Type, 2015 - 2024 (USD Billion)
Table 5 North America Rear Axle Market 2015 - 2024 (USD Billion)
Table 6 North America Rear Axle Market by Product Type 2015 - 2024 (USD Billion)
Table 7 North America Rear Axle Market by Consumption Type 2015 - 2024 (USD Billion)
Table 8 North America Rear Axle Market by Distribution Type 2015 - 2024 (USD Billion)
Table 9 US Rear Axle Market 2015 - 2024 (USD Billion)
Table 10 Canada Rear Axle Market 2015 - 2024 (USD Billion)
Table 11 Europe Rear Axle Market 2015 - 2024 (USD Billion)
Table 12 Europe Rear Axle Market by Product Type 2015 - 2024 (USD Billion)
Table 13 Europe Rear Axle Market by Consumption Type 2015 - 2024 (USD Billion)
Table 14 Europe Rear Axle Market by Distribution Type 2015 - 2024 (USD Billion)
Table 15 UK Rear Axle Market 2015 - 2024 (USD Billion)
Table 16 Germany Rear Axle Market 2015 - 2024 (USD Billion)
Table 17 France Rear Axle Market 2015 - 2024 (USD Billion)
Table 18 Spain Rear Axle Market 2015 - 2024 (USD Billion)
Table 19 Italy Rear Axle Market 2015 - 2024 (USD Billion)
Table 20 Russia & CIS Rear Axle Market 2015 - 2024 (USD Billion)
Table 21 Rest of Europe Rear Axle Market 2015 - 2024 (USD Billion)
Table 22 Asia Pacific Rear Axle Market 2015 - 2024 (USD Billion)
Table 23 Asia Pacific Rear Axle Market by Product Type 2015 - 2024 (USD Billion)
Table 24 Asia Pacific Rear Axle Market by Consumption Type 2015 - 2024 (USD Billion)
Table 25 Asia Pacific Rear Axle Market by Distribution Type 2015 - 2024 (USD Billion)
Table 26 China Rear Axle Market 2015 - 2024 (USD Billion)
Table 27 Japan Rear Axle Market 2015 - 2024 (USD Billion)
Table 28 India Rear Axle Market 2015 - 2024 (USD Billion)
Table 29 South Korea Rear Axle Market 2015 - 2024 (USD Billion)
Table 30 ASEAN Rear Axle Market 2015 - 2024 (USD Billion)
Table 31 Rest of Asia Pacific Rear Axle Market 2015 - 2024 (USD Billion)
Table 32 Latin America Rear Axle Market 2015 - 2024 (USD Billion)
Table 33 Latin America Rear Axle Market by Product Type 2015 - 2024 (USD Billion)
Table 34 Latin America Rear Axle Market by Consumption Type 2015 - 2024 (USD Billion)
Table 35 Latin America Rear Axle Market by Distribution Type 2015 - 2024 (USD Billion)
Table 36 Brazil Rear Axle Market 2015 - 2024 (USD Billion)
Table 37 Argentina Rear Axle Market 2015 - 2024 (USD Billion)
Table 38 Rest of Latin America Rear Axle Market 2015 - 2024 (USD Billion)
Table 39 Middle East Rear Axle Market 2015 - 2024 (USD Billion)
Table 40 Middle East Rear Axle Market by Product Type 2015 - 2024 (USD Billion)
Table 41 Middle East Rear Axle Market by Consumption Type 2015 - 2024 (USD Billion)
Table 42 Middle East Rear Axle Market by Distribution Type 2015 - 2024 (USD Billion)
Table 43 Africa Rear Axle Market 2015 - 2024 (USD Billion)
Table 44 Africa Rear Axle Market by Product Type 2015 - 2024 (USD Billion)
Table 45 Africa Rear Axle Market by Consumption Type 2015 - 2024 (USD Billion)
Table 46 Africa Rear Axle Market by Distribution Type 2015 - 2024 (USD Billion)
Fig. 1 Primary Research Method
Fig. 2 Secondary Research Method
Fig. 3 Value chain analysis
Fig. 4 PESTEL Analysis
Fig. 5 SWOT Analysis
Fig. 6 Porters Five forces analysis
Fig. 7 Rear Axle Market: Penetration & growth prospect mapping
Fig. 8 Rear Axle Market: Competitive snapshot
Fig. 9 Rear Axle Market: Segmental snapshot
Fig. 10 Market Overview
Fig. 11 Rear Axle Market: Product Analysis, 2015 - 2024
Fig. 12 Rear Axle Market: Regional Analysis, 2015 - 2024
Fig. 13 Rear Axle Market: Competitive Matrix
Fig. 14 Rear Axle Market: Revenue Mix