Market Research Logo

Rear Axle Market Analysis By Type (Drive, Dead, Lift), By Application (Heavy Vehicles, Luxury Vehicles, Executive Vehicles, Economy Vehicles, SUV, MUV, Railways), By Region, And Segment Forecasts, 2015 - 2024

Rear Axle Market Analysis By Type (Drive, Dead, Lift), By Application (Heavy Vehicles, Luxury Vehicles, Executive Vehicles, Economy Vehicles, SUV, MUV, Railways), By Region, And Segment Forecasts, 2015 - 2024

The global rear axle market is expected to reach USD 57.77 billion by 2024, according to a new report by Grand View Research, Inc. The increasing concern over safety and security is anticipated to drive demand over the forecast period.

The increasing urbanization in the developed countries has led the consumers to seek alternatives to car ownership. Integrated mobility business and car-sharing has become the ongoing trend in the developed nations. The original equipment manufacturers are expected to diversify the product portfolio for offering services which include car-sharing to have a wider presence in all the diversified segments.

The increasing demand for value for money (VFM), which includes high mileage and fuel efficient products, is anticipated to catapult the vehicle industry. Developed markets, such as Europe and the U.S., represent the dominant share in the industry. Intense competition in the developed markets has led to a shift in the focus toward the emerging markets. Furthermore, the changing lifestyle, rise in disposable income, and stabilizing economic conditions have also led the emerging countries, such as India and China, to exhibit market growth.

The development of new technology, which includes connected cars, is a fully-digitized vehicle with advanced infotainment systems. Moreover, apps, Wi-Fi, and vehicle-to-vehicle communications have enhanced the basic safety such as position and speed, real-time location, and routing based on traffic conditions. Also, the development of smart cars, which provide a relinquishing control of vehicles with functions such as self-parking, self-braking, automatic accident avoidance features, automatic cruise control based on road conditions. The economic slowdown and falling stock prices have affected the sales of the automotive industry. China Association of Automobile Manufacturing (CAAM) confirmed a weaker growth of the sector as compared to that in 2014.

Further key findings from the study suggest:

In 2015, the drive axles segment accounted for over 40% of the overall revenue. Numerous interconnecting systems have been incorporated with the drive shaft to increase efficiency, control the movement, and power. With the engine power turning the axle to create movement, drive shafts are used in a broad spectrum of vehicles.

The economy vehicles segment is estimated to witness an enormous growth and is anticipated to reach over USD 22.0 billion by 2024. The demand is reflected in the shorter lead times in development, higher fuel economy, lower vehicle noise, and higher engine power. Rear axles used in these vehicles which offer better fuel consumption and lower noise levels.

The Asia Pacific rear axle market is expected to grow at a CAGR of 4.9% from 2016 to 2024. Emerging countries, such as South Africa, India, and Malaysia, are expected to boost the overall industry demand. SA exhibited a significant growth under the motor industry development program. Economy vehicles are expected to dominate the overall market in context with the rear axle application.

Notable companies operating in the rear axle market include American Axle & Manufacturing Holdings, Dana Holding Corporation, Meritor, Inc., Daimler Trucks North America LLC, and ROC Spicer Ltd.


Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Rear Axle - Industry snapshot and key buying criteria, 2015 - 2024
Chapter 3 Rear Axle Industry Outlook
3.1 Market segmentation
3.2 Rear Axle market size and growth prospects
3.3 Rear axle value chain analysis
3.4 Rear axle market dynamics
3.4.1 Market driver analysis
3.4.1.1 Fuel economy and government regulations
3.4.1.2 Need of higher comfort, safety and security in vehicles
3.4.2 Market restraint analysis
3.4.2.1 Economic slowdown
3.5 Key opportunities prioritized
3.6 Industry analysis - Porter’s
3.7 Rear axle company market share analysis, 2014
3.8 Rear Axle Market- PESTEL analysis
Chapter 4 Rear Axle Type Outlook
4.1 Rear axle type market share by component, 2015 & 2024
4.2 Drive Axle
4.2.1 Market estimates and forecasts, 2015 - 2024
4.3 Dead Axle
4.3.1 Market estimates and forecasts, 2015 - 2024
4.4 Lift Axle
4.4.1 Market estimates and forecasts, 2015 - 2024
Chapter 5 Rear Axle Application Outlook
5.1 Rear Axle market share by application, 2015 & 2024
5.2 Heavy Vehicles
5.2.1 Market estimates and forecasts, 2015 - 2024
5.3 Luxury Vehicles
5.3.1 Market estimates and forecasts, 2015 - 2024
5.4 Executive Vehicles
5.4.1 Market estimates and forecasts, 2015 - 2024
5.5 Economy Vehicles
5.5.1 Market estimates and forecasts, 2015 - 2024
5.6 SUV
5.6.1 Market estimates and forecasts, 2015 - 2024
5.7 MUV
5.7.1 Market estimates and forecasts, 2015 - 2024
5.8 Railways
5.8.1 Market estimates and forecasts, 2015 - 2024
Chapter 6 Rear Axle Regional Outlook
6.1 Rear axle market share by region, 2015 & 2024
6.2 North America
6.3 North America market by Rear Axle type, 2015 - 2024
6.4 North America market by Rear Axle application, 2015 - 2024
6.5 Europe
6.5.1 Europe market by Rear Axle type, 2015 - 2024
6.5.2 Europe market by Rear Axle Application, 2015 - 2024
6.6 APAC
6.6.1 APAC market by Rear Axle type, 2015 - 2024
6.6.2 APAC market by Rear Axle Application, 2015 - 2024
6.7 RoW
6.7.1 RoW market by Rear Axle type, 2015 - 2024
6.7.2 RoW market by Rear Axle Application, 2015 - 2024
Chapter 7 Competitive Analysis
7.1 American Axle & Manufacturing Holdings
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.1.4 Strategic Initiatives
7.2 Dana Holding Corporation
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.2.4 Strategic Initiatives
7.3 Daimler Trucks North America LLC
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Strategic Initiatives
7.4 GNA Axles Ltd.
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.4.4 Strategic Initiatives
7.5 Hema Endustri A.S.
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Meritor Inc.
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.6.4 Strategic Initiatives
7.7 ROC Spicer Ltd.
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.8 Talbros Engineering Limited
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.9 ZF Friedrichshafen AG
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Product Benchmarking
7.9.4 Strategic Initiatives
7.10 GKN plc
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.10.4 Strategic Initiatives
List of Tables
TABLE 1 Rear Axle - Industry snapshot and key buying criteria, 2015 - 2024
TABLE 2 Global rear axle market, 2015 - 2024 (USD Million)
TABLE 3 Global rear axle market by region, 2015 - 2024 (USD Million)
TABLE 4 Global Rear axle market by type, 2015 - 2024 (USD Million)
TABLE 5 Global GPON market by application, 2015 - 2024 (USD Million)
TABLE 6 PON Equipment- Key market driver impact
TABLE 7 Rear Axle - Key market restraint impact
TABLE 8 Drive Axle, 2015 - 2024 (USD Million)
TABLE 9 Drive Axle, by region, 2015 - 2024 (USD Million)
TABLE 10 Dead Axle demand, 2015 - 2024 (USD Million)
TABLE 11 Dead Axle demand by region, 2015 - 2024 (USD Million)
TABLE 12 Lift Axle demand, 2015 - 2024 (USD Million)
TABLE 13 Lift Axle demand by region, 2015 - 2024 (USD Million)
TABLE 14 Heavy Vehicles demand, 2015 - 2024 (USD Million)
TABLE 15 Heavy Vehicles demand by region, 2015 - 2024 (USD Million)
TABLE 16 Luxury Vehicles demand, 2015 - 2024 (USD Million)
TABLE 17 Luxury Vehicles demand by region, 2015 - 2024 (USD Million)
TABLE 18 Executive Vehicles demand, 2015 - 2024 (USD Million)
TABLE 19 Executive Vehicles demand by region, 2015 - 2024 (USD Million)
TABLE 20 Economy Vehicles demand, 2015 - 2024 (USD Million)
TABLE 21 Economy Vehicles demand by region, 2015 - 2024 (USD Million)
TABLE 22 SUV demand, 2015 - 2024 (USD Million)
TABLE 23 SUV demand by region, 2015 - 2024 (USD Million)
TABLE 24 MUV demand, 2015 - 2024 (USD Million)
TABLE 25 MUV demand by region, 2015 - 2024 (USD Million)
TABLE 26 Railways demand, 2015 - 2024 (USD Million)
TABLE 27 Railways demand by region, 2015 - 2024 (USD Million)
TABLE 28 North America market by Rear Axle type, 2015 - 2024 (USD Million)
TABLE 29 North America market by Rear Axle application, 2015 - 2024 (USD Million)
TABLE 30 Europe market by Rear Axle type, 2015 - 2024 (USD Million)
TABLE 31 Europe market by Rear Axle application, 2015 - 2024 (USD Million)
TABLE 32 APAC market by Rear Axle type, 2015 - 2024 (USD Million)
TABLE 33 APAC market by Rear Axle application, 2015 - 2024 (USD Million)
TABLE 34 RoW market by Rear Axle type, 2015 - 2024 (USD Million)
TABLE 35 RoW market by Rear Axle application, 2015 - 2024 (USD Million)
List of Figures
FIG. 1 Rear axle market segmentation
FIG. 2 Rear Axle market, 2015 - 2024 (USD Million)
FIG. 3 Rear axle value chain analysis
FIG. 4 Rear axle market dynamics
FIG. 5 Key opportunities - Prioritized
FIG. 6 Rear Axle- Porter’s
FIG. 7 Company Market Share
FIG. 8 Rear Axle Market- PESTEL analysis
FIG. 9 Rear Axle type market share by component, 2015 & 2024
FIG. 10 Rear Axle market share by component, 2015 & 2024
FIG. 11 Rear Axle market share by region, 2015 & 2024

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report