Automotive Rear Axle Market is expected to reach US$ 72.0Bn by 2026 from US$ 46.0Bn in 2017 at CAGR of 5.76%.

Global automotive rear axle market is segmented by design type, vehicle type, application and region. Design type is classified into semi-floating, three- quarter floating and full-floating. Vehicle type is divided into passenger vehicles, commercial vehicles and off-road vehicles. An application is split into heavy vehicles, luxury vehicles, executive vehicles, economy vehicle, SUV, MUV, and railways. Region-wise divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Global Automotive Rear Axle Market

An increasing need for fuel-efficient vehicles along with lightweight automotive parts are the factors driving the growth of the rear axles market. Moreover, hike in fuel prices, expensive vehicle cost and inflation in various countries are likely to affect the sales of the rear axle market. Instead, the suppliers are working together with automobile manufacturers to develop improved and efficient products. Increased component cost and growing market fragmentation is a barrier for the market is major restraint of the rear axle market. A major trend of the global automotive rear axle market is OEMs forming strategic alliances with manufacturing equipment providers to cope with the demand from vehicle manufacturers.

Based on the design type, Semi-floating design is widely used in the market. Semi-floating axle uses a wheel hub that is directly connected to the axle shaft, which is supported by a bearing located near the wheel end of the axle tube. As such, the weight of the vehicle and any cargo need to carry by the axle shaft itself at this point. So, the axle shaft is used to transmit power to the wheel as well as support the load of the vehicle, applying a bending moment, shear force, and torsional force to the axle shaft. Semi-floating axles are both lighter in weight and cheaper to manufacture than full floating axles, however, they have a limited load capacity.

On the basis of application, Railway application is dominating the global rear axle market. Railway axle is a vital part of a passenger of freight railway. According to railway axles are designed to be highly reliable, while the maintenance system requires periodically regular non-destructive inspection.

In terms of region, Europe is expected to capture a sizeable market share of the global automotive rear axle market. The North American rear axle market, although saturated also provides growth opportunities due to the advent of AWD vehicles. Active research on the drive train and computer control equipment lead to advance designs and acts for the market. The Asian and African markets, with their increasing population and increased disposable income, attract manufacturers with the availability of low-cost labour and infrastructure.

Key players operating in the global automotive rear axle market, 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. xles Ltd, Meritor, Rockwell American, GNA Axles Ltd, Daimler Trucks North America and ROC Spicer Ltd.

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Scope of the Global Automotive Rear Axle Market

Global Automotive Rear Axle market, by Design Type

• Semi-Floating
• Three-quarter Floating
• Full-Floating
Global Automotive Rear Axle market, by Vehicle type

• Passenger vehicle
• Commercial Vehicle
• Off-Road Vehicle
Global Automotive Rear Axle market, by Application

• Heavy vehicles
• Luxury vehicles
• Executive vehicles
• Economy vehicle
• SUV
• MUV
• Railways
Global Automotive Rear Axle market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in the Global Automotive Rear Axle Market

• American Axle & Manufacturing Inc.
• Seohan Auto Usa Corporation
• Zf Chassis Systems Tuscaloosa LLC
• Automotive Axles Limited
• Guru Nanak Auto Enterprises Ltd.
• Hefei Aam Automotive Driveline
• Chassis System Co. Ltd.
• xles Ltd, Meritor
• Rockwell American
• GNA Axles Ltd
• Daimler Trucks North America




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