The rear axle is a prime component in the powertrain of an automotive vehicle and it is used in rear-wheel drive vehicles. It lies between the driving wheels and differential gear to transmit power from the differential gear to the driving wheels. The rear axle carries majority of the weight of the automotive vehicle and plays a major role in the power transmission from the engine to the driving wheel. It is also a prime source of power loss in the driveline and hence improvements in the rear axle may have a significant impact on the fuel efficiency of the vehicle. Deployment of a rear axle in an automobile depends on the gross weight of the vehicle. For instance, large heavy-duty vehicles weighing over 8,500 lb. are deployed with 2 rear axles. Rear axles are also used to add an extra wheel in an automobile for large weight hauling applications. As each tire in an automobile has a maximum load capacity (rating), thus vehicles used for hauling heavy weights may require an extra wheel. This extra wheel is added with the installation of an additional rear axle.
Automotive Rear Axle Market: Drivers and Challenges
One of the major factors driving the growth of the rear axle market is increasing global automotive production. Global automotive production in 2014 improved 2.5% in comparison to 2013 and increased another 1% in 2015 to achieve 90.7 million units. Further, the increasing need for high capacity lifting applications is fueling demand for the rear axle market as the equipment is primarily installed in heavy duty vehicles. Moreover, logistics operations of heavy weight equipment such as electrical machines and new vehicles is expected to increase the adoption of rear axles in the near future.
The production process for a rear axle is dependent on the variant of rear axle and specific vehicle type. Hence, each type of variant demands individual planning efforts. Catering to customer demand and simultaneously maintaining competitive pricing is a key challenge faced by manufacturers.
OEMs forming strategic alliances with manufacturing equipment providers to cope with the demand from vehicle manufacturers is a major trend identified in the global automotive rear axle market.
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Automotive Rear Axle Market: Key Developments
Majority of developments in the automotive rear axle market are focused towards providing light weight product solutions, primarily to assist vehicle manufacturers to comply with latest fuel efficiency standards.
Automotive Rear Axle Market: Segmentation
The global automotive rear axle market can segmented by design type, vehicle type and geography.
Based on design type, the global automotive rear axle market can be segmented into: Semi- floating Three- quarter floating Full-floating
Semi-floating type is expected to hold the largest market share as it is most commonly used in passenger vehicles and low commercial vehicles. Whereas, full-floating type is mostly preferred in heavy commercial vehicles and trucks.
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The global automotive rear axle market can be segment by vehicle type as: Passenger Vehicles Commercial Vehicles Light Commercial Vehicles Heavy Commercial Vehicles SUV Coaches & Buses Off-Road Vehicles
Automotive Rear Axle Market: Overview
The global automotive rear axle market is expected to register a single-digit growth rate during the forecast period. In terms of market revenue and volume, Asia Pacific is expected to remain dominant during the forecast period since this region accounts for the largest share in terms of global automobile production. Western Europe and North America are also expected to register significant growth in the global automotive rear axle market, as automobile production is expected to grow in these regions as well.
Automotive Rear Axle Market: Key Players
Examples of some industry participants in the global automotive rear axle market are: American Axle & Manufacturing Inc., Seohan Auto Usa Corporation, Zf Chassis Systems Tuscaloosa LLC, Automotive Axles Limited, Guru Nanak Auto Enterprises Ltd. and Hefei Aam Automotive Driveline & Chassis System Co. Ltd.
The report covers exhaustive analysis on: Global Automotive Rear Axle Market Segments Global Automotive Rear Axle Market Dynamics Historical Actual Market Size, 2013 – 2015 Global Automotive Rear Axle Market Size & Forecast 2016 to 2026 Supply & Demand Value Chain Global Automotive Rear Axle Market Current Trends/Issues/Challenges Competition & Companies involved Technology Value Chain Global Automotive Rear Axle Market Drivers and Restraints
Regional analysis for Global Automotive Rear Axle Market includes North America US & Canada Latin America Brazil, Argentina & Others Western Europe EU5 Nordics Benelux Eastern Europe Russia Poland Rest of Eastern Europe Asia Pacific Australia and New Zealand (ANZ) Greater China India ASEAN Rest of Asia Pacific Japan Middle East and Africa GCC Countries North Africa South Africa Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights: Detailed overview of parent market Changing market dynamics of the industry In-depth market segmentation Historical, current and projected market size in terms of value Recent industry trends and developments Competitive landscape Strategies of key players and product offerings Potential and niche segments/regions exhibiting promising growth A neutral perspective towards market performance Must-have information for market players to sustain and enhance their market footprint
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