Transparency Market
Research has published a new report that presents a comprehensive overview of
the global real axle commodity market. The report provides insights into the factors
driving the global real axle commodity market and the restraints that the
market is likely to face in the forthcoming years. The report is titled “Rear Axle Commodity Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is
available on the company website for sale.
Based on in-depth
research, the report states that the global real axle market, which stood at
US$35.8 bn in 2013, will reach US$45.9 bn in 2020. If the figures estimated in
the report hold true, the market will exhibit a moderate yet positive CAGR of
3.7% during 2014-2020. Rear axle commodity affixed to a vehicle is crucial
for its functioning, since it bears the entire weight of the vehicle, cargo, as
well as passengers. Automotive axles also provide torque to wheels, apart from
ensuring stability of the vehicle. Since real axles bear the maximum mechanical
wear and tear, manufacturers strive to provide maximum safety, comfort,
efficiency, and cost-effectiveness in their product offerings. Presently,
manufacturers are focusing on developing more efficient yet lightweight rear
axles with enhanced ratios and lesser power loss. This has led to the launch of
improved rear axles with enhanced power, which in turn boosts the global market
for rear axle commodity.
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Information: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4255
For the purpose of the
study, the report segments the rear axle commodity market into lift axle, dead
axle, and drive axle. Of these, the drive axle segment accounts for a majority
share of the global real axle commodity market. In terms of application, the
market is classified into economy vehicles, heavy vehicles, luxury vehicles,
SUVs, MUVs, executive vehicles, and railways. Economy vehicles dominate the
global rear axle commodity market at present. The use of rear axles is also very
significant for railways, since it lends stability to the engine and wagons,
particularly under difficult conditions.
Key regional segments of
the global rear axle commodity market include North America, Asia Pacific,
Europe, and Rest of the World. At present, Europe dominates the global market.
However, the report cites that the automotive industry in North America and
Europe has already reached maturity, hence the rear axle commodity market will
not experience much gains from these markets. On the other hand, emerging
markets in Asia Pacific exhibits impressive opportunities, making the region
the fastest growing market for rear axle commodity. Robust development of the
automotive industry in Asia Pacific is anticipated to boost the demand for rear
axle commodity in the region.
To study the competitive
landscape of the market, the report profiles some of the leading players in the
market such as ROC Spicer Ltd., GNA Axles Ltd., American Axle &
Manufacturing Holdings, Inc., Talbros Engineering Limited, Meritor, Inc., and
Daimler Trucks North America LLC.
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