Automotive Axle Market Research Report - Global Forecast to 2022Posted by sagark on March 25th, 2020 Automotive Axle Market Scenario An axle is a central shaft of a rotating wheel or gear assembly, used ubiquitously in automotive and industries with rotating mechanisms. The automotive axle is the central shaft between two wheels, which helps the wheel rotate in an aligned way. The latest report published by Market Research Future (MRFR) suggests that the global automotive metal stamping market is set to garner an impressive CAGR during the forecast period mainly owing to the booming automotive industry coupled with rising demand for smart automobiles. Key Vendors The dominant player operating in the global automotive axle market 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. March 2018 - Melrose Industries took over GKN with a hostile bid of USD 11 billion after a three-month battle. GKN unsuccessfully tried to avert the proposal with its £ 4.4bn planned merger of its Driveline automotive business with US rival Dana. 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 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. Access Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/automotive-axle-market-2343 Like it? Share it! More by this author |