The global Automotive E-Axle Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2023-2032. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Automotive E-Axle market include Continental AG, ZF Friedrichshafen AG, Melrose Industries PLC, Dana Limited, Robert Bosch GmbH, Meritor, Inc., LINAMAR, NIDEC CORPORATION, Schaeffler AG, Magna International Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The automotive e-axle market is thriving due to the surging demand for electric vehicles (EVs) worldwide. As the automotive industry undergoes a profound shift toward electrification, E-Axle systems are pivotal in optimizing efficiency and performance. These integrated systems consolidate the electric motor, power electronics, and, in some cases, a transmission into a single unit, streamlining design complexities and enhancing overall vehicle efficiency. Stringent emission regulations, coupled with advancements in electric motor technology, are compelling automakers to invest in E-Axle solutions to meet environmental standards and offer cleaner, fuel-efficient vehicles. The space and weight savings achieved through E-Axle integration are particularly valuable in electric and hybrid vehicle design, contributing to improved range and efficiency. Government incentives, growing consumer awareness of environmental issues, and collaborative efforts between automakers and technology suppliers further drive the adoption of E-Axle systems, marking them as a crucial component in the evolution of electric mobility.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive e-axle. The growth and trends of automotive e-axle industry provide a holistic approach to this study.
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Market Segmentation
This section of the automotive e-axle market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Front
- Rear
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive E-Axle market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The global automotive axle market size is estimated to reach USD 115,444.3 million by 2025, registering a CAGR of 4.1% over the forecast period, according to a study conducted by Radiant Insights, Inc.
The growing demand for road freight transport, which would subsequently trigger the demand for light and heavy commercial vehicles, also bodes well for the growth of the market.
The road freight transport market witnessed continuous growth over the past five successive years and grew by 4.5% between 2016 and 2017.
The demand for automotive axles relies directly on automotive production.
It is estimated to retain its dominant position over the forecast period owing to the significant investments occurring in the automotive industry in emerging economies, such as China and India.
The market can be described as a moderately consolidated market.
SummaryGlobal Automotive Axle Market, by Type (front axle, rear axle), By Material (alloy, and carbon fiber), By Propeller Shaft Type (single, and multi piece) - Forecast 2022Automotive Axle Market OverviewThe growth of the automotive industry is anticipated to influence a significant increase in the demand for automotive axles directly.
Rising acceptance of hybrid and electric vehicles and integration of advanced and smart gearing technology are contributing substantially to the global automotive axle market growth.
Furthermore, intensifying focus on improving power and drivetrain systems surrounding systems like clutch, transmission, propeller shaft, and the rear axle are driving prominent growth to the market.
The latest report published by Market Research Future (MRFR) suggests the proliferation of growth in the global automotive axle market during the forecast period of 2018-2023.
However, increasing cost of components and additional vehicular weight are likely to refrain the market from growing at a faster pace.Key VendorsThe 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.
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 global wheel axle market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth.
Further, the wheel axle market report emphasizes the adoption pattern of the wheel axle across various industries.The wheel axle market report highlights the following players:ZF Friedrichshafen AGDana IncorporatedMeritor, Inc.Gestamp Automocion SAOthersThe wheel axle market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.The global wheel axle market is projected to grow at a value CAGR of more than 3% between 2019 and 2029, surpassing a valuation of US$ 87 Billion by the end of 2029.
The logistics industry has been experiencing a boost owing to disruptions in the industry such as block-chain technology, digitalization, and the trend of third & fourth-party logistics.
The demand for wheel axle has flourished owing to an increase in production and sales of commercial vehicles.
Besides, developed countries are privatizing train transportation, allowing private players to operate in the railway transportation business which has bolstered the wheel axle market.
India & UK have started incorporating private sector players in the train transportation business.
