Rear Axle Commodity Market Grow at CAGR of 3.7% from 2014 to 2020

Growing demand for fuel-efficient vehicles and strict government regulations are the major factors driving the global rear axle commodity market, states Transparency Market Research in its latest report. The study, titled “Rear Axle Commodity Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, states that registering a modest CAGR of 3.7% from 2014 to 2020, the value of the global rear axle commodity market is likely to grow from US$35,837.4 million in 2013 to US$45,997.4 million in 2020.

Get free sample report:http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=4255

Automotive axles enjoy a vital role in the functioning of a vehicle as they bear the weight of the vehicle, cargo as well as passengers, in addition to providing torque to the wheels and stability to the entire vehicle. Rear axles bear the brunt of mechanical wear and tear and as a result rear axle commodity manufacturers have been striving to provide maximum comfort, safety, efficiency, and cost advantage in their product offerings. Manufacturers are focusing on developing light-weight rear axle commodities with greater axle ratios and reduced power loss. This has resulted in improved and more efficient products, lending a boost to the overall rear axle commodity market.By type, the rear axle commodity market is fragmented into dead axle, lift axle, and drive axle. Drive axle accounted for the majority, given that is required in all vehicles. 

 

On the basis of application, the rear axle commodity market is segmented into luxury vehicles, heavy vehicles, economy vehicles, executive vehicles, MUVs, SUVs, and railways. Presently, the economy vehicles segment dominates the overall rear axle commodity market. Growing disposable income in developing countries is expected to boost the demand for rear axle commodities in the luxury and passenger vehicles segment. The use of rare axles in railways is also rather significant as it lends stability to the engine as well as wagons under difficult conditions.

The four main regions covered in the global rear axle commodity market report are North America, Europe, Asia Pacific, and Rest of the World. Europe presently dominates the worldwide market for rear axle commodity. However, the report indicates that the developed markets of Europe and North America are likely to reach maturation by the end of the forecast period, making room for other developing markets. The Asia Pacific rear axle commodity market is expected to register the fastest growth in coming years owing to substantial development in the automobile industry. In addition, rising disposable income and growing interest shown by automobile and auto-parts manufacturers are expected to boost the demand for rear axle commodities over the next five years.

 

The major players operating in the global rear axle commodity market include GNA Axles Ltd., ROC Spicer Ltd., Talbros Engineering Limited, American Axle & Manufacturing Holdings, Inc., Daimler Trucks North America LLC, and Meritor, Inc. These companies are profiled in the research report on the basis of attributes such as company and financial overview, business strategies, and recent developments. 

 

Browse the full Rear Axle Commodity Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/rear-axle-commodity-market.html

 

Rear Axle Commodity Market: By type

Rear Axle Commodity Market: By application

Rear Axle Commodity Market: By geography

About Us

 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.