Rear Axle Market Size, Share & Trends Analysis Report By Type (Drive Axle, Dead Axle, Lift Axle), By Application (Heavy Vehicles, Luxury Vehicles, Economy Vehicles), By Region, And Segment Forecasts, 2024

Description

Rear Axle Market Growth & Trends:

The global rear axle market size is expected to reach USD 73.1 billion by 2030, registering a CAGR of 4.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing concern over safety and security is anticipated to drive demand over the forecast period.

The increasing urbanization in the developed countries has led the consumers to seek alternatives to car ownership. Integrated mobility business and car-sharing has become the ongoing trend in the developed nations. The original equipment manufacturers are expected to diversify the product portfolio for offering services which include car-sharing to have a wider presence in all the diversified segments.

The increasing demand for value for money (VFM), which includes high mileage and fuel efficient products, is anticipated to catapult the vehicle industry. Developed markets, such as Europe and the U.S., represent the dominant share in the industry. Intense competition in the developed markets has led to a shift in the focus toward the emerging markets. Furthermore, the changing lifestyle, rise in disposable income, and stabilizing economic conditions have also led the emerging countries, such as India and China, to exhibit market growth.

The development of new technology, which includes connected cars, is a fully-digitized vehicle with advanced infotainment systems. Moreover, apps, Wi-Fi, and vehicle-to-vehicle communications have enhanced the basic safety such as position and speed, real-time location, and routing based on traffic conditions. Also, the development of smart cars, which provide a relinquishing control of vehicles with functions such as self-parking, self-braking, automatic accident avoidance features, automatic cruise control based on road conditions. The economic slowdown and falling stock prices have affected the sales of the automotive industry. China Association of Automobile Manufacturing (CAAM) confirmed a weaker growth of the sector as compared to that in 2014.

Rear Axle Market Report Highlights:

The drive axle product segment dominated the global rear axle market with a revenue share of 54.8% in 2023. Drive axles are critical components in distributing power from the engine to the wheels, ensuring optimal performance in both commercial and passenger vehicles.
The economy vehicles segment dominated the global rear axle market with a revenue share of 35.6% in 2023. Economy vehicles prioritize affordability, budget, and ROI, making them attractive to a wide range of consumers.
Europe rear axle market dominated the global rear axle market with a revenue share of 34.9% in 2023. The region's dominance is aided by its advanced automotive industry.
Asia Pacific rear axle market is expected to register the fastest CAGR of 5.2% in the global rear axle market over the forecast period. Industry growth in the region is influenced by factors such as the growing automotive industry, increased demand for commercial vehicles, potential adoption of electric vehicles, technological advancements, and government support for sustainability.

Product Code: GVR-1-68038-755-1

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Rear Axle Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Rear Axle Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Rear Axle Market: Type Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Rear Axle Market: Type Movement Analysis, USD Billion, 2023 & 2030
4.3. Drive Axle
- 4.3.1. Drive Axle Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.4. Dead Axle
- 4.4.1. Dead Axle Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.5. Lift Axle
- 4.5.1. Lift Axle Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 5. Rear Axle Market: Application Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Rear Axle Market: Application Movement Analysis, USD Billion, 2023 & 2030
5.3. Heavy Vehicles
- 5.3.1. Heavy Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.4. Luxury Vehicles
- 5.4.1. Luxury Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.5. Executive Vehicles
- 5.5.1. Executive Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.6. Economy Vehicles
- 5.6.1. Economy Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.7. SUV
- 5.7.1. SUV Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.8. MUV
- 5.8.1. MUV Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.9. Railways
- 5.9.1. Railways Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 6. Rear Axle Market: Regional Estimates & Trend Analysis

6.1. Rear Axle Market Share, By Region, 2023 & 2030, USD Billion
6.2. North America
- 6.2.1. North America Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.2.3. Canada
  - 6.2.3.1. Canada Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.2.4. Mexico
  - 6.2.4.1. Mexico Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3. Europe
- 6.3.1. Europe Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.2. UK
  - 6.3.2.1. UK Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.3. Germany
  - 6.3.3.1. Germany Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.3.4. France
  - 6.3.4.1. France Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4. Asia Pacific
- 6.4.1. Asia Pacific Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.2. Japan
  - 6.4.2.1. Japan Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.3. China
  - 6.4.3.1. China Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.4. India
  - 6.4.4.1. India Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.5. Australia
  - 6.4.5.1. Australia Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4.6. South Korea
  - 6.4.6.1. South Korea Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5. Latin America
- 6.5.1. Latin America Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.2. South Africa
  - 6.6.2.1. South Africa Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.3. Saudi Arabia
  - 6.6.3.1. Saudi Arabia Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6.4. UAE
  - 6.6.4.1. UAE Rear Axle Market Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
- 7.4.1. American Axle & Manufacturing, Inc.
  - 7.4.1.1. Participant's Overview
  - 7.4.1.2. Financial Performance
  - 7.4.1.3. Product Benchmarking
  - 7.4.1.4. Recent Developments/Strategic Initiatives
- 7.4.2. Dana Limited
  - 7.4.2.1. Participant's Overview
  - 7.4.2.2. Financial Performance
  - 7.4.2.3. Product Benchmarking
  - 7.4.2.4. Recent Developments/Strategic Initiatives
- 7.4.3. Cummins Inc.
  - 7.4.3.1. Participant's Overview
  - 7.4.3.2. Financial Performance
  - 7.4.3.3. Product Benchmarking
  - 7.4.3.4. Recent Developments/Strategic Initiatives
- 7.4.4. GKN Automotive Limited
  - 7.4.4.1. Participant's Overview
  - 7.4.4.2. Financial Performance
  - 7.4.4.3. Product Benchmarking
  - 7.4.4.4. Recent Developments/Strategic Initiatives
- 7.4.5. HYUNDAI WIA CORP.
  - 7.4.5.1. Participant's Overview
  - 7.4.5.2. Financial Performance
  - 7.4.5.3. Product Benchmarking
  - 7.4.5.4. Recent Developments/Strategic Initiatives
- 7.4.6. ZF Friedrichshafen AG
  - 7.4.6.1. Participant's Overview
  - 7.4.6.2. Financial Performance
  - 7.4.6.3. Product Benchmarking
  - 7.4.6.4. Recent Developments/Strategic Initiatives
- 7.4.7. BENTELER International Aktiengesellschaft
  - 7.4.7.1. Participant's Overview
  - 7.4.7.2. Financial Performance
  - 7.4.7.3. Product Benchmarking
  - 7.4.7.4. Recent Developments/Strategic Initiatives
- 7.4.8. Gestamp Automocion, S.A.
  - 7.4.8.1. Participant's Overview
  - 7.4.8.2. Financial Performance
  - 7.4.8.3. Product Benchmarking
  - 7.4.8.4. Recent Developments/Strategic Initiatives
- 7.4.9. Marelli Holdings Co., Ltd.
  - 7.4.9.1. Participant's Overview
  - 7.4.9.2. Financial Performance
  - 7.4.9.3. Product Benchmarking
  - 7.4.9.4. Recent Developments/Strategic Initiatives
- 7.4.10. ROC-SPICER LTD.
  - 7.4.10.1. Participant's Overview
  - 7.4.10.2. Financial Performance
  - 7.4.10.3. Product Benchmarking
  - 7.4.10.4. Recent Developments/Strategic Initiatives

Rear Axle Market Size, Share & Trends Analysis Report By Type (Drive Axle, Dead Axle, Lift Axle), By Application (Heavy Vehicles, Luxury Vehicles, Economy Vehicles), By Region, And Segment Forecasts, 2024 - 2030