automotive axle market share
                     Automotive Axle Market Scenario 
An axle is a central shaft of a rotating wheel or gear assembly, used ubiquitously in automotive 
and industries with rotating mechanisms. The automotive axle is the central shaft between two 
wheels, which helps the wheel rotate in an aligned way. 
Market Dynamics 
Growth Of Automotive Industries Is The Prime Driver Of Market Demand 
Automotive axle being an integral part of wheeled vehicle assembly, the growth of automotive 
industry directly is a direct driver for the demand for automotive axle market. Growing demand 
for hybrid and electric vehicles coupled with an increase in off-road vehicles is another driver 
of the market. Developments of advanced materials and adoption of front-wheel drive 
automobiles, which combine the transmission and axle into a single unit, is a stable driver of 
the market. 
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Advancement Of Technology Is A Strong Driver For Adoption Of Advanced Systems 
Integration of smart and advanced gearing technology is resulting in faster market adoption 
owing to better steering and handling control and ultimately the performance of the vehicle. 
The growth of heavy trucking is resulting in a focus on improving power and drivetrain systems 
encompassing components such as clutch, transmission, and propeller shaft and rear axle. 
The growth of heavy trucking is driving the growth of lift axle, which can be mechanically raised 
or lowered to increase the weight capacity and to distribute the weight over more wheels. 
High Cost Is A Restraint On The Market 
Increased component cost and growing market fragmentation is a barrier for the market. The 
high durability of materials used for axle manufacture also results in replacement a rare 
opportunity for the market. 
Key Vendors 
The dominant player operating in the global automotive axle market share 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. 
Industry News 
April 2017 - American Axle acquired Metaldyne for USD 3.3 billion. The deal is projected to 
generate a revenue of 7 billion. 
March 2018 - Melrose Industries took over GKN with a hostile bid of USD 11 billion after a 
three-month battle. GKN unsuccessfully tried to avert the proposal with its £ 4.4bn planned 
merger of its Driveline automotive business with US rival Dana. 
Regional Analysis 
The Asia Pacific accounts for the most significant share of the market owing to massive 
automotive sales. Both India and China have a large automotive industry, which is driving the 
Asia Pacific region market. 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 development of speed 
trains is another driver of the market. 
Europe accounts for the second largest market share led by the large automotive industry of 
Germany, U.K., and Italy. The enormous speed trains network of Europe is another driver of 
the market. The North America region is dominated by the U.S. and is driven by heavy vehicle 
segment. 
Segmentation 
To generate a better assessment of the market potential, the global automotive axle market is 
segmented into type, material, propeller shaft type and regions. 
Based on the type, the market is bisected into the front axle and rear axle. 
Based on material, the market is segmented into alloy, and carbon fiber. 
Based on propeller shaft type, the market is segmented into the single, and multi-piece. 
Based on regions, the market is segregated into North America, Europe, Asia Pacific, Middle 
East and Africa. 
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