Global Automotive Axles Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Automotive Axles Market.
Companies Mentioned are GKN, American Axle& Manufacturing, and HYUNDAI WIA, CARDONE, Dorman Products, PowerTrain Industries, Pro Comp
The global Automotive Axles market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.
Major points covered in Global Automotive Axles Market 2017 Research are:-
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global Automotive Axles market?
- What are the key market trends impacting the growth of the global Automotive Axles market?
- What are the challenges to market growth?
- Who are the key vendors in the global Automotive Axles market?
- What are the market opportunities and threats faced by the vendors in the global Automotive Axles market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global Automotive Axles market?
This independent 70 page report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Automotive Axles market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Automotive Axles in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.
The report provides a basic overview of the Automotive Axles industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.
Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is increasing preference for 6×2 axles. In the US, Class 8 trucks recorded a sales decline of about 40% in 2015. Declining freight orders are causing freight operators to opt for various ways of reducing cost per transport to maintain profitability. Vendors are favoring the use of trucks having 6×2 axle configuration. In a 6×2 axle configuration, only one pair of rear wheels is powered and the other pair is not powered, hence known as a dead axle.”
According to the report, one of the major drivers for this market is increasing sales of passenger cars. The sale of automotive axles is highly correlated with the sales of passenger cars as all passenger cars are equipped with axles. The passenger cars segment contributes to the majority of the global automotive axle market. In 2015, the global car sales increased by around 3%. In 2016, the SUVs and crossovers contributed to the majority of the sales in the passenger cars segment in China and Europe.
Further, the report states that one of the major factors hindering the growth of this market is uncertainty in Japanese OEMs over Brexit. Britain’s exit from the European Union will adversely affect Japanese firms that have invested heavily in the region. Brexit will lead to an uncertainty in the global economy and will affect the buying behavior of the consumers. Approximately 40% of the Japanese firms that operate in Britain are in the manufacturing sector. OEMs, such as Nissan, Honda, and Toyota, export more than 75% of the total vehicles manufactured in the UK to other European countries. The exports were tax free till Britain remained within the European Union.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Automotive Axles industry development trends and marketing channels are analyzed.
The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Automotive Axles on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Automotive Axles Market and assist manufacturers and investment organization to better grasp the development course of Automotive Axles Market.
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