The growth of the Automotive Axle Market Share has been strong in recent years, on account of the high demand for heavy commercial vehicles in emerging countries like India, China, among others. There is a growing need for heavy-duty lifting operations, since these are conducted by heavy commercial vehicles with lift axle installed. Such factors are bound to boost the sales of commercial vehicles in these countries and aid in market growth in the coming years.

Key Vendors

The dominant player operating in the global [FURL=https://www.marketresearchfuture.com/reports/automotive-axle-market-2343]Automotive Axle Market Share[/FURL] 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

April 2017 - American Axle acquired Metaldyne for USD 3.3 billion. The deal is projected to generate a revenue of 7 billion.

Regional Analysis

The Asia Pacific accounts for the most significant share of the market owing to massive automotive sales. Both India and China have a large automotive industry, which is driving the Asia Pacific region market. Factors such as availability of low-cost labor and innovations in engineering rising vehicle production and development of globally competitive automotive manufacturing hub are driving the demand for automotive Axle. The development of speed trains is another driver of the market.

Europe accounts for the second largest market share led by the large automotive industry of Germany, U.K., and Italy. The enormous speed trains network of Europe is another driver of the market. The North America region is dominated by the U.S. and is driven by heavy vehicle segment.

Segmentation

To generate a better assessment of the market potential, the global Automotive Axle Market Share is segmented into type, material, propeller shaft type and regions.

Based on the type, the market is bisected into the front axle and rear axle.

Based on material, the market is segmented into alloy, and carbon fiber.

Based on propeller shaft type, the market is segmented into the single, and multi-piece.

Based on regions, the market is segregated into North America, Europe, Asia Pacific, Middle East and Africa.

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