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Automotive Axle Market

Automotive Axle Sales Trends are Positive. Get to Know the Key Opportunities.

Automotive Axle Market by Axle Type, Application, vehicle, End User & Region - Forecast 2022 – 2032

Automotive Axle Market Snapshot (2022-2032)

[301 Pages Report] The global automotive axle market garnered a market value of US$ 61.2 Billion in 2022 and is expected to accumulate a market value of US$ 74.60 Billion by registering a CAGR of 2% in the forecast period 2022-2032. Growth of the automotive axle market can be attributed to increasing sales of passenger vehicles in developing economies. The market for automotive axle registered a CAGR of 1% in the historical period 2017-2021.

Data Points

Key Statistics

Estimated Base Year Value (2021)

US$ 60 Billion

Expected Market Value (2022)

US$ 61.2 Billion

Anticipated Forecast Value (2032)

US$ 74.60 Billion

Projected Growth Rate (2022-2032)

2% CAGR

Growing demand for heavy duty commercial vehicles that can carry heavy loads such as long trailers are increasing sales of passenger vehicles in developing economies. Countries such as Mexico, China, and India are expected to propel the growth of the market.

The growing concerns over growing carbon emissions and their environmental repercussions have caused a shift in the consumer’s preference for hybrid and electric vehicles over conventional vehicles. This, in turn, is increasing the adaption of automotive axles in heavy vehicles. In addition, increase in sales of luxury vehicles requiring higher torque and performance are positively Inflcuening the demand for automotive axles market growth.

In addition, technological advancement has led to a surge in the adoption of lightweight axles, which provide improved efficiency and contribute to lowering the overall weight of hybrid, EV, and commercial vehicles favoring the market growth. The aftermarket services for replacing and maintaining axles in powertrains are also creating new market opportunities. Thus, a growing inclination towards EV and hybrid vehicles is anticipated to propel market growth. Moreover, the automotive industry is focusing on developing technically advanced axle that is lightweight, smaller yet more fuel and performance efficient.

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Automotive Axles Demand Analysis (2017 to 2021) Vs Market Outlook (2022 to 2032)

The global demand for automotive axles is projected to increase at a CAGR of 2% during the forecast period between 2022 and 2032, reaching a total of US$ 74.60 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 1%.

The transportation industry largely depends on heavy commercial vehicles for exporting activities. Manufacturers of cars are focusing on increasing the strength along with making them cost-efficient. In addition, the increasing purchasing power among buyers to invest in luxurious cars is expected to drive the growth of the market. Although, the COVID-19 pandemic halted the supply of passenger cars, post-pandemic, the demand for automotive axles have increased.

Furthermore, penetration of electric vehicles and hybrid vehicles is accelerating the demand and sales for automotive axles. In addition, manufacturers are planning to add smart features to automotive axles to increase the functioning of the same. Thus, automotive axles are gaining popularity due to the strength they provide.

Which are Some Prominent Drivers of Automotive Axle Market?

Get Acquainted with Key Innovations in Automotive Axles to Improve Maintenance and Performance

Recent developments in the automotive industry has opened doors for innovation of automotive axles. The latest axle innovation for heavy-duty commercial vehicles is focusing on improving maintenance and performance. The trend has led to changes in designing to regenerate torque load needs and including the appropriate axle for the electric application.

Furthermore, to meet greenhouse emission regulations, downsizing, weight reduction, and torque-carrying qualities have been prioritized in drive and steer axle development. In addition, rising vehicle electrification and innovation continues for drive axle coupled with electric powertrain, which is bolstering demand for the same.

Drive axles are developed to have faster ratios to handle bigger axle input torques caused by lowering engine revolutions per minute at highway speeds to aid engine down speeding for line-haul logistics vehicles by road transportation. Also, the increasing use of 612 configurations can be applied for building single drive axles to support engine down speeding and quicker ratios. For instance, steer axle system has improved kinematics with less bump and roll steer being transmitted to the driver through the seat or the steering wheel, which can help reduce driver fatigue.

Lightweight Automotive Axles: Vehicle Weight Reduction a Critical Factor

Manufacturers of automotive axles are focusing on developing lightweight, fuel-efficient axles that can carry heavy cargo loads. These axles are not only lightweight but also have enhanced cargo carrying capacity due to their reduced size and workhorse. Moreover, axles are being designed to incorporate significantly lighter ergonomics, leading to more efficiency than traditional axles. These axles are being developed on the basis of their scalability for light, medium, and heavy-duty rear-wheel-drive-based pickups.

Axle designs are also changing due to the evolution of powertrains in automobiles. The downsizing of the axle helps in improving vehicle traction as well as in limiting the risk of wheel slippage while accelerating on ice-covered and wet roadways.

Manufacturers are focusing on developing faster axles with lower ratios, which will help the engines operate at a slower speed. Many axles are now also including modular motor design, which provides easy service and maintenance accessibility and is scalable due to their motor interchanging capability.

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Which are the Trough Areas faced by the Automotive Axle Market?

Raw Material vs. Investment Costs: Which one is the Key Differentiator?

The fluctuating cost of raw materials used for manufacturing automotive axles is creating major restraints for the growth of the market. In addition, the prices of the metals used for making axles such as steel, copper, and aluminum are rising rapidly. As per World Bank projections, global copper prices are slated to reach US$ 7,500 in 2022, further expected to incline to US$ 8,250 by 2032.

This, in turn, is negatively affecting the profit revenue for automotive axle manufacturers. In addition, majority of automobile manufacturers source their automotive components from manufacturing hubs such as China.

In addition, high initial cost of technologically advanced and lightweight axles is another major restraining factor to market growth. In addition, the high-cost aftermarket service is encouraging the sales of counterfeit products, which are of low cost and less quality but can compromise the performance of the vehicle. This, in turn, is negatively affecting the growth of the market. Furthermore, the aftermarket service cost of maintenance and replacement can also prove to be a hefty investment depending on the model of the vehicle and car brand.

Region-Wise Insights

How will Automotive Axle Market Demand progress in the Asia Pacific?

Capitalize on the rising Vehicle Output for Widening Profit Margins

Asia Pacific consists of the largest number of people investing in passenger cars. It is estimated that by the end of the first quarter of 2022, there were approximately 1.45 billion vehicles in the world, out of which over 1 billion were passenger cars. Furthermore, about 1/3rd of them are produced in the Asia Pacific, with a per capita ownership of 0.14. Naturally, demand for automotive related accessories and equipment, including automotive axles, are on the incline.

With China and India being epicentres of the Asia Pacific automotive industry, bulk of all automotive axle manufacturers operate in these two countries. The region is characterized by significant developments with regard to new product launches and key innovations. For instance, in June 2022, Hande Axle introduced a new LCV with the HDZ295 Axle. The vehicle is specially developed, with a low bed, suitable for short distance transportation.

Likewise, Automotive Axles Limited (AAL) is a prominent axle manufacturer in India, offering drive axles, non-drive axles, front steer axles and specialty & defence axles among other products. It provides these products to the major domestic and global manufacturers of trucks & buses pertaining to segments such as light, medium & heavy commercial vehicles, military & off-highway vehicles, aftermarket and exports. As per Future Market Insights, the Asia Pacific is expected to possess nearly 36% market share for automotive axles in the assessment period 2022-2032.

How attractive are Growth Prospects for Automotive Axles in North America?

Find Major Revenue Pools in the Luxury Cars Sector

The growing demand for commercial and luxury vehicles especially in U.S. and Canada is augmenting the growth of automotive axles in the region. As per a report by CNN, while overall passenger car sales dipped 10% in 2020, luxury car sales doubled in the U.S. For cars costing over US$ 100,000, sales in the country inclined 63% in Q4 2020.

In addition, the presence of key manufacturers such as DANA Incorporated, Meritor Inc. and American Axle & Manufacturing, Inc. has opened doors for automotive axles in North America. In February 2022, American Axle & Manufacturing Inc. secured multiple next-generation full-size truck front and rear axle programs with global OEM customers, which are expected to generate over US$ 10 billion of lifetime revenues from mid-decade to beyond 2030.

Meritor Inc., another significant player, offers the MS-150 Single Rear Drive Axle which are suitable for linehaul and city delivery applications. Its simplistic design delivers performance at reduced maintenance and operating costs. North America is expected to hold 25% market share for automotive axles in the assessment period 2022-2032.

Technological Advancement Favouring Growth of Automotive Axles in Europe?

Smart Features fuelling sales of Automotive Axles

Europe is the hotspot for technological advancements of the automotive industry. Thus, development of passenger and heavy vehicles is carried out on a large scale. In addition, integration of smart features into axles is fuelling the growth of automotive axles in the region.

When it comes to smart axles, Kogel is a pioneer in that regard. Specially designed for Kögel trailers, it further enhances the trailers' driving properties. This not only increases the payload of Kögel trailers, but also extends their service life due to higher levels of engineering expertise on the axle. The new axle achieves optimum maintenance-friendliness, the main requirement of Kögel customers, also resulting in higher cost-efficiency.

Furthermore, research and development to make automotive axles cost-efficient is underway. All these factors are driving the demand for automotive axles in the region. Thus, owing to the aforementioned reasons, Europe is expected to hold 20% market share in the automotive axles in the forecast period 2022-2032.

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Category-Wise Insights

Passenger Vehicles Accelerating Sales of Automotive Axles?

Manufacturers leveraging Personal Mobility Trends to enhance Sales Prospects

By vehicle type, passenger cars are expected to hold 45% of the global automotive axle market revenue. The coronavirus pandemic played a key role in the increasing investments in passenger vehicles, amid a rising preference for personal mobility over public transport. This effectively translated into higher sales for auto manufacturers, especially in the entry-level vehicles category.

Even as normalcy has been restored, this preference for personal mobility is not expected to wane anytime soon, thus motivating major automotive axle manufacturers to expand their foothold in the passenger vehicles segment.

Better Traction Increasing Dependability on Drive Axles?

Ductile Strength Increasing integration of Drive Axles

All-wheel and front-wheel drive axle are becoming popular popularity among manufacturers and consumers both. This is owing to their ability to have better traction in different terrains. Moreover, drive axles possess better strength to carry heavier loads without causing problems.

Furthermore, growing demand for passenger and commercial vehicles especially in Asia Pacific, Europe, and North America is anticipated to boost the demand for different drive-type axles. Thus, by type, drive axles are expected to possess 60% market share for automotive axles in the sales indicator period 2022-2032.

Start-Ups for Automotive Axle Market

Key start-up players in the automotive axles are Pony.ai, Kavak, WM Motor, Chehaoduo, ZongMu Technology, ECARX, SouChe Holdings, Youxia Motors and Hozon Auto. From offering new and innovative product lines to consolidating their market presence, these aforementioned start-ups have left no stone unturned. Some specific instances of key automotive axle start-ups are as follows:

  • In July 2022, self-driving start-up Pony.ai announced its decision to mass produce autonomous driving trucks in China, in collaboration with equipment manufacturing giant Sany Heavy Industry. The trucks are slated to come with “Level 4” autonomous driving technology, which would allow full self-driving on highways and urban roads, and will also feature advanced axle and drivetrain systems
  • In June 2021, ZongMu Technology announced a receipt of US$ 190 Million is a Series D Round funding to enhance R&D and mass production capabilities of ADS and ADAS controllers, cameras, millimeter wave radars and ultrasonics. The funding will also involve development of high-grade automotive axle systems for high-powered new energy vehicles

Market Competition

Key players in the automotive axles market are ZF Friedrichshafen AG, Melrose Industries PL, American Axle & Manufacturing, Inc., Meritor Inc., Dana Incorporated, Daimler AG, Talbros Engineering Limited and GNA Group.

  • In June 2022, Meritor Inc. launched Protec independent front suspension for motorcoach applications. The company is focusing on offering specifically designed suspension for heavy load requirements of motorcoaches.
  • In December 2021, Meritor Inc. announced that it has entered into an agreement with Beijing Foton Daimler Automotive Co Ltd., Daimler truck’s joint venture in China. The company will produce custom version of long haul tandem and single rear drive axles for heavy duty on highway tractors.

Report Scope

Report Attribute

Details

Market Value in 2022

US$ 61.2 Billion

Market Value in 2032

US$ 74.6 Billion

Growth Rate

CAGR of 2% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2017-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in US$ Million and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Axle Type
  • Application
  • Vehicle Type
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel

Key Companies Profiled

  • Dana Incorporated
  • American Axle and Manufacturing Inc.
  • Daimler AG
  • Meritor Inc.
  • GNA Group
  • Melrose Industries Plc.
  • ZF Friedrichshafen AG
  • BorgWarner Inc.
  • Hyundai Wia Corporation
  • Talbros Engineering Limited

Customization

Available Upon Request

Key Segments Profiled in the Automotive Axle Market Industry Survey

Automotive Axle Market by Axle Type :

  • Dead Automotive Axle
  • Drive Automotive Axle
  • Lift Automotive Axle

Automotive Axle Market by Application :

  • Front Automotive Axle
  • Rear Automotive Axle

Automotive Axle Market by Vehicle Type :

  • Automotive Axle for Passenger Cars
  • Automotive Axle for Light Commercial Vehicles
  • Automotive Axle for Heavy Commercial Vehicles

Automotive Axle Market by Region :

  • North America Automotive Axle Market
  • Latin America Automotive Axle Market
  • Europe Automotive Axle Market
  • Asia Pacific Automotive Axle Market
  • Middle East & Africa Automotive Axle Market

Frequently Asked Questions

FMI projects the global automotive axle market to expand at a 2% value CAGR by 2032

The global automotive axle market is estimated at a market value of US$ 61.2 Billion

The global automotive axle market is expected to garner a market value of US$ 74.60 Billion

Asia Pacific is expected to possess 36% market share for automotive axles

ZF Friedrichshafen AG, Melrose Industries PL, American Axle & Manufacturing, Inc., Meritor Inc., Dana Incorporated, Daimler AG, Talbros Engineering Limited, GNA Group are some prominent automotive axle manufacturers

North America is expected to hold 25% market share for automotive axles

Europe is expected to hold 20% market share for automotive axles in 2022

Passenger cars are expected to hold nearly 45% market share for automotive axles in the forecast period 2022-2032.

Table of Content

1. Global Automotive Axle Market - Executive Summary

    1.1. Global Market Overview

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Fact.MR Analysis and Recommendations

2. Global Automotive Axle Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Introduction and Definition

3. Market Risks and Trends Assessment

    3.1. Risk Assessment

        3.1.1. COVID-19 Crisis and Impact on Automotive Axle

        3.1.2. COVID-19 Crisis and Impact on Aprotic Solvent Prices

        3.1.3. COVID-19 Impact Benchmark with Previous Crisis

            3.1.3.1. Change in Automotive Axle Demand

            3.1.3.2. Before and After COVID-19 Crisis (Projected)

            3.1.3.3. Before and After Sub-prime Crisis – 2008 (Actual)

            3.1.3.4. Change in Demand post Recovery Period (After Each Crisis)

        3.1.4. Impact on Market and Value (US$ Bn)

            3.1.4.1. Likely Loss of Value in 2020

            3.1.4.2. Mid-term and Long Term Forecast

            3.1.4.3. Quarter by Quarter Demand and Recovery Assessment

        3.1.5. Anticipated Demand and Value Recovery Curve

            3.1.5.1. Likelihood of U-Shape Recovery

            3.1.5.2. Likelihood of L-Shape Recovery

        3.1.6. Recovery Period Assessment by Key Countries

        3.1.7. Recovery Assessment by Key Market Segments

        3.1.8. Action Points and Recommendations for Suppliers

        3.1.9. Impact on Trade Balance

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Axle Type Development Trends

4. Market Background and foundation Data Points

    4.1. Need of the Hour for Industries

    4.2. Automotive Axle – Strategic Priorities

    4.3. Life Cycle Stage

    4.4. Importance of Technology

    4.5. Use Cases of Automotive Axle

    4.6. Forecast Factors: Relevance and Impact

    4.7. Investment Feasibility Matrix

    4.8. PESTLE Analysis

    4.9. Porter’s Five Forces Analysis

    4.10. Market Dynamics

        4.10.1. Drivers

        4.10.2. Restraints

        4.10.3. Opportunity Analysis

        4.10.4. Trend

5. Global Automotive Axle Market Demand (US$ Bn) Analysis 2017-2021 and Forecast, 2022-2032

    5.1. Historical Market Value (US$ Bn) Analysis, 2017-2021

    5.2. Current and Future Market Value (US$ Bn) Projections, 2022-2032

        5.2.1. Y-o-Y Growth Trend Analysis

        5.2.2. Absolute $ Opportunity Analysis

6. Global Automotive Axle Market Analysis 2017-2021 and Forecast 2022-2032, By Axle Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Value (US$ Bn) Analysis By Axle Type, 2017-2021

    6.3. Current and Future Market Value (US$ Bn) Analysis and Forecast By Axle Type, 2022-2032

        6.3.1. Dead

        6.3.2. Drive

        6.3.3. Lift

    6.4. Market Attractiveness Analysis By Axle Type

7. Global Automotive Axle Market Analysis 2017-2021 and Forecast 2022-2032, by Application

    7.1. Introduction / Key Findings

    7.2. Historical Market Value (US$ Bn) Analysis By Application , 2017-2021

    7.3. Current and Future Market Value (US$ Bn) Analysis and Forecast By Application, 2022-2032

        7.3.1. Front

        7.3.2. Rear

    7.4. Market Attractiveness Analysis By Application

8. Global Automotive Axle Market Analysis 2017-2021 and Forecast 2022-2032, by Vehicle Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Value (US$ Bn) Analysis By Vehicle Type, 2017-2021

    8.3. Current and Future Market Value (US$ Bn) Analysis and Forecast By Vehicle Type, 2022-2032

        8.3.1. Passenger Cars

        8.3.2. Light Commercial Vehicles

        8.3.3. Heavy Commercial Vehicles

    8.4. Market Attractiveness Analysis By Vehicle Type

9. Global Automotive Axle Market Analysis 2017-2021 and Forecast 2022-2032, by Region

    9.1. Introduction / Key Findings

    9.2. Historical Market Value (US$ Bn) Analysis By Region, 2017-2021

    9.3. Current and Future Market Value (US$ Bn) Analysis and Forecast By Region, 2022-2032

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Europe

        9.3.4. Asia Pacific

        9.3.5. Middle East and Africa (MEA)

    9.4. Market Attractiveness Analysis By Region

10. North America Automotive Axle Market Analysis 2017-2021 and Forecast 2022-2032

    10.1. Introduction / Key Findings

    10.2. Historical Market Value (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021

    10.3. Market Value (US$ Bn) Forecast By Market Taxonomy, 2022-2032

        10.3.1. By Country

            10.3.1.1. U.S.

            10.3.1.2. Canada

        10.3.2. By Axle Type

        10.3.3. By Application

    10.4. Market Attractiveness Analysis

        10.4.1. By Country

        10.4.2. By Axle Type

        10.4.3. By Application

11. Latin America Automotive Axle Market Analysis 2017-2021 and Forecast 2022-2032

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021

    11.3. Current and Future Market Value (US$ Bn) Analysis and Forecast By Region, 2022-2032

        11.3.1. By Country

            11.3.1.1. Brazil

            11.3.1.2. Mexico

            11.3.1.3. Rest of Latin America

        11.3.2. By Axle Type

        11.3.3. By Application

        11.3.4. By Vehicle Type

    11.4. Market Attractiveness Analysis

        11.4.1. By Country

        11.4.2. By Axle Type

        11.4.3. By Application

        11.4.4. By Vehicle Type

12. Europe Automotive Axle Market Analysis 2017-2021 and Forecast 2022-2032

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021

    12.3. Current and Future Market Value (US$ Bn) Analysis and Forecast By Region, 2022-2032

        12.3.1. By Country

            12.3.1.1. Germany

            12.3.1.2. France

            12.3.1.3. Italy

            12.3.1.4. Spain

            12.3.1.5. U.K

            12.3.1.6. Rest of Europe

        12.3.2. By Axle Type

        12.3.3. By Application

        12.3.4. By Vehicle Type

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Axle Type

        12.4.3. By Application

        12.4.4. By Vehicle Type

13. Asia Pacific Automotive Axle Market Analysis 2017-2021 and Forecast 2022-2032

    13.1. Introduction / Key Findings

    13.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021

    13.3. Current and Future Market Value (US$ Bn) Analysis and Forecast By Region, 2022-2032

        13.3.1. By Country

            13.3.1.1. China

            13.3.1.2. Japan

            13.3.1.3. South Korea

            13.3.1.4. India

            13.3.1.5. Malaysia

            13.3.1.6. Singapore

            13.3.1.7. Australia

            13.3.1.8. New Zealand

            13.3.1.9. Rest of APAC

        13.3.2. By Axle Type

        13.3.3. By Application

        13.3.4. By Vehicle Type

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Axle Type

        13.4.3. By Application

        13.4.4. By Vehicle Type

14. Middle East and Africa Automotive Axle Market Analysis 2017-2021 and Forecast 2022-2032

    14.1. Introduction / Key Findings

    14.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021

    14.3. Current and Future Market Value (US$ Bn) Analysis and Forecast By Region, 2022-2032

        14.3.1. By Country

            14.3.1.1. GCC Countries

            14.3.1.2. South Africa

            14.3.1.3. Israel

            14.3.1.4. Rest of Middle East and Africa (MEA)

        14.3.2. By Axle Type

        14.3.3. By Application

        14.3.4. By Vehicle Type

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Axle Type

        14.4.3. By Application

        14.4.4. By Vehicle Type

15. Market Structure Analysis

    15.1. Market Analysis by Tier of Companies

    15.2. Market Concentration

    15.3. Market Share Analysis of Top Players

    15.4. Market Presence Analysis

16. Competition Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Competition Deep Dive

    16.4. Dana Inc.

        16.4.1. Company Overview

        16.4.2. Axle Type Overview

        16.4.3. SWOT Analysis

        16.4.4. Key Developments

    16.5. American Axle and Manufacturing Inc.

        16.5.1. Company Overview

        16.5.2. Axle Type Overview

        16.5.3. SWOT Analysis

        16.5.4. Key Developments

    16.6. Daimler AG

        16.6.1. Company Overview

        16.6.2. Axle Type Overview

        16.6.3. SWOT Analysis

        16.6.4. Key Developments

    16.7. Meritor Inc.

        16.7.1. Company Overview

        16.7.2. Axle Type Overview

        16.7.3. SWOT Analysis

        16.7.4. Key Developments

    16.8. GNA Group

        16.8.1. Company Overview

        16.8.2. Axle Type Overview

        16.8.3. SWOT Analysis

        16.8.4. Key Developments

    16.9. Melrose Industries Inc.

        16.9.1. Company Overview

        16.9.2. Axle Type Overview

        16.9.3. SWOT Analysis

        16.9.4. Key Developments

    16.10. ZF Friedrichshafen AG

        16.10.1. Company Overview

        16.10.2. Axle Type Overview

        16.10.3. SWOT Analysis

        16.10.4. Key Developments

    16.11. BorgWarner Inc.

        16.11.1. Company Overview

        16.11.2. Axle Type Overview

        16.11.3. SWOT Analysis

        16.11.4. Key Developments

    16.12. Hyundai Wia Corporation

        16.12.1. Company Overview

        16.12.2. Axle Type Overview

        16.12.3. SWOT Analysis

        16.12.4. Key Developments

    16.13. Talbros Engineering Ltd.

        16.13.1. Company Overview

        16.13.2. Axle Type Overview

        16.13.3. SWOT Analysis

        16.13.4. Key Developments

17. Assumptions And Acronyms Used

18. Research Methodology

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List of Tables

Table 1: Global Automotive Axle Market Value (US$ Bn) Analysis, by Axle Type, 2017-2021

Table 2: Global Automotive Axle Market Value (US$ Bn) Analysis, by Axle Type, 2022-2032

Table 3: Global Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Axle Type, 2022-2032

Table 4: Global Automotive Axle Market Value (US$ Bn) Analysis, by Application, 2017-2021

Table 5: Global Automotive Axle Market Value (US$ Bn) Analysis, by Application, 2022-2032

Table 6: Global Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Application, 2022-2032

Table 7: Global Automotive Axle Market Value (US$ Bn) Analysis, by Vehicle Type, 2017-2021

Table 8: Global Automotive Axle Market Value (US$ Bn) Analysis, by Vehicle Type, 2022-2032

Table 9: Global Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Vehicle Type, 2022-2032

Table 10: Global Automotive Axle Market Value (US$ Bn) Analysis, by Region, 2017-2021

Table 11: Global Automotive Axle Market Value (US$ Bn) Analysis, by Region, 2022-2032

Table 12: Global Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Region, 2022-2032

Table 13: North America Automotive Axle Market Value (US$ Bn) Analysis, by Country, 2017-2021

Table 14: North America Automotive Axle Market Value (US$ Bn) Analysis, by Country, 2022-2032

Table 15: North America Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Country, 2022-2032

Table 16: North America Automotive Axle Market Value (US$ Bn) Analysis, by Axle Type, 2017-2021

Table 17: North America Automotive Axle Market Value (US$ Bn) Analysis, by Axle Type, 2022-2032

Table 18: North America Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Axle Type, 2022-2032

Table 19: North America Automotive Axle Market Value (US$ Bn) Analysis, by Application, 2017-2021

Table 20: North America Automotive Axle Market Value (US$ Bn) Analysis, by Application, 2022-2032

Table 21: North America Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Application, 2022-2032

Table 22: North America Automotive Axle Market Value (US$ Bn) Analysis, by Vehicle Type, 2017-2021

Table 23: North America Automotive Axle Market Value (US$ Bn) Analysis, by Vehicle Type, 2022-2032

Table 24: North America Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Vehicle Type, 2022-2032

Table 25: Latin America Automotive Axle Market Value (US$ Bn) Analysis, by Country, 2017-2021

Table 26: Latin America Automotive Axle Market Value (US$ Bn) Analysis, by Country, 2022-2032

Table 27: Latin America Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Country, 2022-2032

Table 28: Latin America Automotive Axle Market Value (US$ Bn) Analysis, by Axle Type, 2017-2021

Table 29: Latin America Automotive Axle Market Value (US$ Bn) Analysis, by Axle Type, 2022-2032

Table 30: Latin America Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Axle Type, 2022-2032

Table 31: Latin America Automotive Axle Market Value (US$ Bn) Analysis, by Application, 2017-2021

Table 32: Latin America Automotive Axle Market Value (US$ Bn) Analysis, by Application, 2022-2032

Table 33: Latin America Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Application, 2022-2032

Table 34: Latin America Automotive Axle Market Value (US$ Bn) Analysis, by Vehicle Type, 2017-2021

Table 35: Latin America Automotive Axle Market Value (US$ Bn) Analysis, by Vehicle Type, 2022-2032

Table 36: Latin America Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Vehicle Type, 2022-2032

Table 37: Europe Automotive Axle Market Value (US$ Bn) Analysis, by Country, 2017-2021

Table 38: Europe Automotive Axle Market Value (US$ Bn) Analysis, by Country, 2022-2032

Table 39: Europe Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Country, 2022-2032

Table 40: Europe Automotive Axle Market Value (US$ Bn) Analysis, by Axle Type, 2017-2021

Table 41: Europe Automotive Axle Market Value (US$ Bn) Analysis, by Axle Type, 2022-2032

Table 42: Europe Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Axle Type, 2022-2032

Table 43: Europe Automotive Axle Market Value (US$ Bn) Analysis, by Application, 2017-2021

Table 44: Europe Automotive Axle Market Value (US$ Bn) Analysis, by Application, 2022-2032

Table 45: Europe Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Application, 2022-2032

Table 46: Europe Automotive Axle Market Value (US$ Bn) Analysis, by Vehicle Type, 2017-2021

Table 47: Europe Automotive Axle Market Value (US$ Bn) Analysis, by Vehicle Type, 2022-2032

Table 48: Europe Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Vehicle Type, 2022-2032

Table 49: Asia Pacific Automotive Axle Market Value (US$ Bn) Analysis, by Country, 2017-2021

Table 50: Asia Pacific Automotive Axle Market Value (US$ Bn) Analysis, by Country, 2022-2032

Table 51: Asia Pacific Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Country, 2022-2032

Table 52: Asia Pacific Automotive Axle Market Value (US$ Bn) Analysis, by Axle Type, 2017-2021

Table 53: Asia Pacific Automotive Axle Market Value (US$ Bn) Analysis, by Axle Type, 2022-2032

Table 54: Asia Pacific Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Axle Type, 2022-2032

Table 55: Asia Pacific Automotive Axle Market Value (US$ Bn) Analysis, by Application, 2017-2021

Table 56: Asia Pacific Automotive Axle Market Value (US$ Bn) Analysis, by Application, 2022-2032

Table 57: Asia Pacific Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Application, 2022-2032

Table 58: Asia Pacific Automotive Axle Market Value (US$ Bn) Analysis, by Vehicle Type, 2017-2021

Table 59: Asia Pacific Automotive Axle Market Value (US$ Bn) Analysis, by Vehicle Type, 2022-2032

Table 60: MEA Automotive Axle Market Value (US$ Bn) Analysis, by Country, 2017-2021

Table 61: MEA Automotive Axle Market Value (US$ Bn) Analysis, by Country, 2022-2032

Table 62: MEA Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Country, 2022-2032

Table 63: MEA Automotive Axle Market Value (US$ Bn) Analysis, by Axle Type, 2017-2021

Table 64: MEA Automotive Axle Market Value (US$ Bn) Analysis, by Axle Type, 2022-2032

Table 65: MEA Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Axle Type, 2022-2032

Table 66: MEA Automotive Axle Market Value (US$ Bn) Analysis, by Application, 2017-2021

Table 67: MEA Automotive Axle Market Value (US$ Bn) Analysis, by Application, 2022-2032

Table 68: MEA Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Application, 2022-2032

Table 69: MEA Automotive Axle Market Value (US$ Bn) Analysis, by Vehicle Type, 2017-2021

Table 70: MEA Automotive Axle Market Value (US$ Bn) Analysis, by Vehicle Type, 2022-2032

Table 71: MEA Automotive Axle Market Value (US$ Bn) Opportunity Analysis, by Vehicle Type, 2022-2032

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Principal Consultant
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List of Charts

Figure 1: Global Automotive Axle Market Value (US$ Bn) Historical Analysis, 2017-2021

Figure 2: Global Automotive Axle Market Value (US$ Bn) Forecast and Analysis, 2022-2032

Figure 3: Global Automotive Axle Market Value Y-o-Y Growth and Forecast, 2017-2032

Figure 4: Global Automotive Axle Market Incremental $ Opportunity, 2022-2032

Figure 5: Global Automotive Axle Market Share and BPS Analysis by Axle Type, 2022 & 2032

Figure 6: Global Automotive Axle Market Y-o-Y Growth Projections by Axle Type, 2022-2032

Figure 7: Global Automotive Axle Market Attractiveness Analysis by Axle Type, 2022-2032

Figure 8: Global Automotive Axle Market Share and BPS Analysis by Application, 2022 & 2032

Figure 9: Global Automotive Axle Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 10: Global Automotive Axle Market Attractiveness Analysis by Application, 2022-2032

Figure 11: Global Automotive Axle Market Share and BPS Analysis by Vehicle Type, 2022 & 2032

Figure 12: Global Automotive Axle Market Y-o-Y Growth Projections by Vehicle Type, 2022-2032

Figure 13: Global Automotive Axle Market Attractiveness Analysis by Vehicle Type, 2022-2032

Figure 14: Global Automotive Axle Market Share and BPS Analysis by Region, 2022 & 2032

Figure 15: Global Automotive Axle Market Y-o-Y Growth Projections by Region, 2022-2032

Figure 16: Global Automotive Axle Market Attractiveness Analysis by Region, 2022-2032

Figure 17: North America Automotive Axle Market Value (US$ Bn) Historical Analysis, 2017-2021

Figure 18: North America Automotive Axle Market Value (US$ Bn) Forecast and Analysis, 2022-2032

Figure 19: North America Automotive Axle Market Value Y-o-Y Growth and Forecast, 2032

Figure 20: North America Automotive Axle Market Incremental $ Opportunity, 2022-2032

Figure 21: North America Automotive Axle Market Share Analysis by Country, 2022 & 2032

Figure 22: North America Automotive Axle Market Y-o-Y Growth Projection by Country, 2022-2032

Figure 23: North America Automotive Axle Market Attractiveness Analysis by Country, 2022-2032

Figure 24: North America Automotive Axle Market Share and BPS Analysis by Axle Type, 2022 & 2032

Figure 25: North America Automotive Axle Market Y-o-Y Growth Projections by Axle Type, 2022-2032

Figure 26: North America Automotive Axle Market Attractiveness Analysis by Axle Type, 2022-2032

Figure 27: North America Automotive Axle Market Share and BPS Analysis by Application, 2022 & 2032

Figure 28: North America Automotive Axle Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 29: North America Automotive Axle Market Attractiveness Analysis by Application, 2022-2032

Figure 30: North America Automotive Axle Market Share and BPS Analysis by Vehicle Type, 2022 & 2032

Figure 31: North America Automotive Axle Market Y-o-Y Growth Projections by Vehicle Type, 2022-2032

Figure 32: North America Automotive Axle Market Attractiveness Analysis by Vehicle Type, 2022-2032

Figure 33: Latin America Automotive Axle Market Value (US$ Bn) Historical Analysis, 2017-2021

Figure 34: Latin America Automotive Axle Market Value (US$ Bn) Forecast and Analysis, 2022-2032

Figure 35: Latin America Automotive Axle Market Value Y-o-Y Growth and Forecast, 2017-2032

Figure 36: Latin America Automotive Axle Market Incremental $ Opportunity, 2022-2032

Figure 37: Latin America Automotive Axle Market Share Analysis by Country, 2022 & 2032

Figure 38: Latin America Automotive Axle Market Y-o-Y Growth Projection by Country, 2022-2032

Figure 39: Latin America Automotive Axle Market Attractiveness Analysis by Country, 2022-2032

Figure 40: Latin America Automotive Axle Market Share and BPS Analysis by Axle Type, 2022 & 2032

Figure 41: Latin America Automotive Axle Market Y-o-Y Growth Projections by Axle Type, 2022-2032

Figure 42: Latin America Automotive Axle Market Attractiveness Analysis by Axle Type, 2022-2032

Figure 43: Latin America Automotive Axle Market Share and BPS Analysis by Application, 2022 & 2032

Figure 44: Latin America Automotive Axle Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 45: Latin America Automotive Axle Market Attractiveness Analysis by Application, 2022-2032

Figure 46: Latin America Automotive Axle Market Share and BPS Analysis by Vehicle Type, 2022 & 2032

Figure 47: Latin America Automotive Axle Market Y-o-Y Growth Projections by Vehicle Type, 2022-2032

Figure 48: Latin America Automotive Axle Market Attractiveness Analysis by Vehicle Type, 2022-2032

Figure 49: Europe Automotive Axle Market Value (US$ Bn) Historical Analysis, 2017-2021

Figure 50: Europe Automotive Axle Market Value (US$ Bn) Forecast and Analysis, 2022-2032

Figure 51: Europe Automotive Axle Market Value Y-o-Y Growth and Forecast, 2017-2032

Figure 52: Europe Automotive Axle Market Incremental $ Opportunity, 2022-2032

Figure 53: Europe Automotive Axle Market Share Analysis by Country, 2022 & 2032

Figure 54: Europe Automotive Axle Market Y-o-Y Growth Projection by Country, 2022-2032

Figure 55: Europe Automotive Axle Market Attractiveness Analysis by Country, 2022-2032

Figure 56: Europe Automotive Axle Market Share and BPS Analysis by Axle Type, 2022 & 2032

Figure 57: Europe Automotive Axle Market Y-o-Y Growth Projections by Axle Type, 2022-2032

Figure 58: Europe Automotive Axle Market Attractiveness Analysis by Axle Type, 2022-2032

Figure 59: Europe Automotive Axle Market Share and BPS Analysis by Application, 2022 & 2032

Figure 60: Europe Automotive Axle Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 61: Europe Automotive Axle Market Attractiveness Analysis by Application, 2022-2032

Figure 62: Europe Automotive Axle Market Share and BPS Analysis by Vehicle Type, 2022 & 2032

Figure 63: Europe Automotive Axle Market Y-o-Y Growth Projections by Vehicle Type, 2022-2032

Figure 64: Europe Automotive Axle Market Attractiveness Analysis by Vehicle Type, 2022-2032

Figure 65: Asia Pacific Automotive Axle Market Value (US$ Bn) Historical Analysis, 2017-2021

Figure 66: Asia Pacific Automotive Axle Market Value (US$ Bn) Forecast and Analysis, 2022-2032

Figure 67: Asia Pacific Automotive Axle Market Value Y-o-Y Growth and Forecast, 2017-2032

Figure 68: Asia Pacific Automotive Axle Market Incremental $ Opportunity, 2022-2032

Figure 69: Asia Pacific Automotive Axle Market Share Analysis by Country, 2022 & 2032

Figure 70: Asia Pacific Automotive Axle Market Y-o-Y Growth Projection by Country, 2022-2032

Figure 71: Asia Pacific Automotive Axle Market Attractiveness Analysis by Country, 2022-2032

Figure 72: Asia Pacific Automotive Axle Market Share and BPS Analysis by Axle Type, 2022 & 2032

Figure 73: Asia Pacific Automotive Axle Market Y-o-Y Growth Projections by Axle Type, 2022-2032

Figure 74: Asia Pacific Automotive Axle Market Attractiveness Analysis by Axle Type, 2022-2032

Figure 75: Asia Pacific Automotive Axle Market Share and BPS Analysis by Application, 2022 & 2032

Figure 76: Asia Pacific Automotive Axle Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 77: Asia Pacific Automotive Axle Market Attractiveness Analysis by Application, 2022-2032

Figure 78: Asia Pacific Automotive Axle Market Share and BPS Analysis by Vehicle Type, 2022 & 2032

Figure 79: Asia Pacific Automotive Axle Market Y-o-Y Growth Projections by Vehicle Type, 2022-2032

Figure 80: Asia Pacific Automotive Axle Market Attractiveness Analysis by Vehicle Type, 2022-2032

Figure 81: MEA Automotive Axle Market Value (US$ Bn) Historical Analysis, 2017-2021

Figure 82: MEA Automotive Axle Market Value (US$ Bn) Forecast and Analysis, 2022-2032

Figure 83: MEA Automotive Axle Market Value Y-o-Y Growth and Forecast, 2017-2032

Figure 84: MEA Automotive Axle Market Incremental $ Opportunity, 2022-2032

Figure 85: MEA Automotive Axle Market Share Analysis by Country, 2022 & 2032

Figure 86: MEA Automotive Axle Market Y-o-Y Growth Projection by Country, 2022-2032

Figure 87: MEA Automotive Axle Market Attractiveness Analysis by Country, 2022-2032

Figure 88: MEA Automotive Axle Market Share and BPS Analysis by Axle Type, 2022 & 2032

Figure 89: MEA Automotive Axle Market Y-o-Y Growth Projections by Axle Type, 2022-2032

Figure 90: MEA Automotive Axle Market Attractiveness Analysis by Axle Type, 2022-2032

Figure 91: MEA Automotive Axle Market Share and BPS Analysis by Application, 2022 & 2032

Figure 92: MEA Automotive Axle Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 93: MEA Automotive Axle Market Attractiveness Analysis by Application, 2022-2032

Figure 94: MEA Automotive Axle Market Share and BPS Analysis by Vehicle Type, 2022 & 2032

Figure 95: MEA Automotive Axle Market Y-o-Y Growth Projections by Vehicle Type, 2022-2032

Figure 96: MEA Automotive Axle Market Attractiveness Analysis by Vehicle Type, 2022-2032

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