Jul 18, 2017   SOURCE: BusinessWire

Global Automotive Axles Market 2017-2021 - Key vendors are GKN, American Axle & Manufacturing & Hyundai Wia - Research and Markets

The "Global Automotive Axles Market 2017-2021" report has been added to Research and Markets' offering.

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

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.

The latest trend gaining momentum in the market is increasing preference for 6x2 axles. In the US, Class 8 trucks recorded a sales decline of about 40% in 2015. Declining freight orders are causing freight operators to opt for various ways of reducing cost per transport to maintain profitability.

Vendors are favoring the use of trucks having 6x2 axle configuration. In a 6x2 axle configuration, only one pair of rear wheels is powered and the other pair is not powered, hence known as a dead axle.

One of the major drivers for this market is increasing sales of passenger cars. The sale of automotive axles is highly correlated with the sales of passenger cars as all passenger cars are equipped with axles.

The passenger cars segment contributes to the majority of the global automotive axle market. In 2015, the global car sales increased by around 3%.

Key vendors

  • GKN
  • American Axle& Manufacturing
  • Hyundai Wia

Other prominent vendors

  • CARDONE Dorman Products
  • PowerTrain Industries
  • Pro Comp

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by application

Part 07: Geographical segmentation

Part 08: Key leading countries

Part 09: Market drivers

Part 10: Impact of drivers

Part 11: Market challenges

Part 12: Impact of drivers and challenges

Part 13: Market trends

Part 14: Vendor landscape

Part 15: Key vendor analysis

Part 16: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/b5vlpn/global_automotive