About Automotive Drive Axle
Automotive Drive Axle is the major component of vehicles power train System. Drive axle drives the vehicle wheels by taking power from the source of transmission which may vary from the motor in the electric vehicle to engine in the mechanical vehicle. In this process, Source of energy is transmitted to the power to differential gearbox through Shaft and from differential, drive axle then gets the input power and rotates or drives the wheels of the vehicle. The demand for drive axle is expected to rise in future with a rise in demand for vehicles in emerging countries.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Automotive Drive Axle market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
American Axle & Manufacturing, Inc. (United States), Meritor Inc. (United States), Sichuan Jian'an (China), DANA Incorporated (United States), Ankai Futian (China), AxleTech International Holding Inc. (United States), Benteler International AG (Germany), RABA (Hungary), ZF Friedrichshafen AG (Germany) and SG Automotive Group (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are SINOTRUK (China), Press Kogyo Co. Ltd (Japan) and HANDE Axle Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Drive Axle market by Type (Full Floating Axle and Semi Floating Axle), Application (Front Axle and Rear Axle) and Region.
On the basis of geography, the market of Automotive Drive Axle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle Type, the sub-segment i.e. Passenger Vehicles will boost the Automotive Drive Axle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Innovation Aimed At Improving Manufacturing Process
Market Growth Drivers:
Increasing Global Vehicle Production Coupled With Increased Safety and Comfort Demands
Challenges:
Complex Structure
Restraints:
Fluctuations in Raw Material Prices and Stringent Government Rules and Regulation
Opportunities:
Rising Opportunity in Emerging Nation and Collaboration & Tie ups of Leading Players
Market Leaders and their expansionary development strategies
In September 2021, Dana Incorporated announced the launch of e-Axles for Class 7 and 8 Vehicles and expand its Spicer Electrified™ e-Powertrain offerings. The new e-Axles complement Dana's heavy-duty electric-vehicle (EV) e-Propulsion systems. It is capable to generate from 52,000 Nm to 69,000 Nm of nominal output torque as well as supports GAWR from 21,000 to 30,000 pounds for single e-Axle and 40,000 to 52,000 pounds for tandem e-Axle propulsion.
In February 2022, Cummins Inc. announced that it will acquire Meritor, Inc., the global leader in mobility, braking, drivetrain, aftermarket, and electric powertrain solutions for commercial vehicles and industrial markets. The acquisition will strengthen Cummins’ powertrain components portfolio and accelerate the development of electrified power solutions as commercial vehicles transform to become electric and autonomous.
Key Target Audience
Automotive Drive Axle Manufacturer, Automotive Drive Axle Supplier, Raw Material Supplier, Association and Governmet Bodies, Research Companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.