Global Automotive Axles Market Will Reach at CAGR of 4.93% by Year 2021 Industry Size, Share, Analysis and Forecasts

Latest industry research report on: Global Automotive Axles Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts


Albany, NY -- (SBWIRE) -- 07/05/2017 -- An axle is a central shaft used for rotating the wheels or gears. It provides power to the wheels from the engines. It also bears the weight of the vehicle. There are two types of axles, namely, live and dead axles. Live axles are responsible for driving the wheels. In a rear-drive wheel, rear axles are live axles, whereas in a front-drive wheel, front axles are live axles. Dead axles are used for distributing the load and are equipped in non-driven wheels.

Technavios analysts forecast the global automotive axles market to grow at a CAGR of 4.93% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive axles market for 2017-2021. To calculate the market size, the report considers the include new installations/shipments/sales/volume.

The market is divided into the following segments based on geography:

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Technavio's report, Global Automotive Axles Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
American Axle& Manufacturing

Other prominent vendors
Dorman Products
PowerTrain Industries
Pro Comp

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Market driver
Increasing sales of passenger cars
For a full, detailed list, view our report

Market challenge
Uncertainty in Japanese OEMs over Brexit
For a full, detailed list, view our report

Market trend
Increasing preference for 6x2 axles
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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