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Published Date: 2015-03-31Number of Pages: 67

Rear Axle Commodity Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

The automotive sector is one of the booming sectors currently, and is expected to witness significant growth during the forecast period. The automotive sector is presently more inclined towards customer safety and comfort, as well as improved performance. Apart from this, emission norms passed in various regions is fueling the usage of light-weight rear axles in the automotive sector.

Rear Axle is one of the most important components used in a vehicle’s manufacturing process. A drive axle system is driven by the engine where the axle transmits torque to the wheel. It also maintains the proximity of the wheels relative to one another when the vehicle is in motion. The rear axles also ensure the stability in vehicles by distributing the weight of the vehicle equally in all its part. A non-driving axle such as the dead axle in heavy vehicles and light trucks do not have shafts and serves only as a steering component and suspension. 

Drive axle, dead axle and lift axle are the major types of rear axle commodities used in vehicles. The application and use of rear axles in railways is also of utmost significance. Straight rear axles are used for the engine of the trains and straight dead axles are used for the wagons. A straight axle is a rigid shaft which connects the left side of the wheel to the right side. This ensures the fixed axis rotation of both the wheels and such design keep the wheels stable under difficult situations. 

The major type of rear axles is applicable in all vehicles and therefore the increasing demand for automobiles is directly driving the market for rear axle components. Need for compliance with various emission norms, changing customer demands along with safety, comfort and security needs are boosting the demand for rear axles. Apart from this, the demand for luxury vehicles and passenger vehicles is expected to experience exponential growth owing to higher amount of disposable income in developing regions fueling the demand for automotive components including rear axles. Apart from this, growing demand for fuel-efficient vehicles with light-weight rear axle components is also expected to drive the rear axle commodity market globally.

Over the last few decades, stringent government regulations regarding fuel economy and safety are considerably influencing the automotive industry. Automobile manufacturers are required to follow Corporate Average Fuel Economy (CAFE) standards. This has driven the demand for various, improved automotive components that enable better fuel efficiency and low emission in vehicles. The rear axle, being a major automotive component, largely influences the fuel economy in vehicles. In addition to fuel-efficiency benefits, the demand for improved and lightweight rear axles from automobile manufacturers is also driven by the better on-road and off-road traction these rear axles provide to enhance the longevity of vehicles. In addition, the need for comfort, safety, and security in passenger vehicles is expected to rise in the coming years. This factor is expected to drive the growth of the rear axle commodity market. Lightweight and advanced rear axles reduce the overall weight of vehicles, enabling better handling and even weight distribution of the vehicle. Hence, these factors are estimated to drive the growth of the rear axle commodity market during the forecast period. However, rising fuel prices, higher finances for purchasing vehicles and inflation in emerging markets have adversely affected medium and heavy commercial vehicle (MHCV) manufacturers. This factor has also affected rear axle manufacturers as the rear axle is a vital automotive component used in all vehicles.

Major market participants profiled in this report include American Axle Manufacturing Inc., (U.S.), Meritor Inc., (U.S.), GNA Axles Limited (India), Talbros Engineering Limited (India), ROC Spicer Limited (Taiwan) and Daimler Trucks North America LLC (U.S.).

rear-axle-commodity-market

 

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Global Overview

3.1 Introduction

3.2 Value Chain Analysis

     3.2.1 Raw Materials

     3.2.2 Rear Axle Manufacturers

     3.2.3 Heating and Forging

     3.2.4 Machining

     3.2.5 Assembling and Inspection

     3.2.6 Rear Axles

     3.2.7 OEMs

3.3 Market Dynamics

     3.3.1 Market Drivers

             3.3.1.1 Government Regulations & Fuel Economy

             3.3.1.2 The need for higher comfort, safety, and security in vehicles

     3.3.2 Market Restraints

             3.3.2.1 Economic Slowdown

     3.3.3 Opportunities

             3.3.3.1 Automobile demand in emerging markets

3.4 Porter’s five force analysis

     3.4.1 Bargaining power of suppliers

     3.4.2 Bargaining power of buyers

     3.4.3 Threat of new entrants

     3.4.4 Threat from substitutes

     3.4.5 Degree of competition

3.5 Global Rear Axle Commodity: Market attractiveness analysis

3.6 Global Rear Axle Commodity: Company market share analysis

 

Chapter 4 Global Rear Axle Commodity Market: By Type

4.1 Major types and usage pattern

     4.1.1 Global Rear Axle Market Revenue Share, by Type, 2013 - 2020

4.2 Drive Axle

     4.2.1 Global Drive Axle Market Revenue and Forecast, 2013 – 2020, (USD Million)

4.3 Dead Axle

     4.3.1 Global Dead Axle Market Revenue and Forecast, 2013 – 2020, (USD Million)

4.4 Lift Axle

     4.4.1 Global Lift Axle Market Revenue and Forecast, 2013 – 2020, (USD Million)

 

Chapter 5 Global Rear Axle Commodity Market - By Application

5.1 The application of rear axle in vehicles

     5.1.1 Global Rear Axle Commodity Market Revenue Share, by Application, 2013 and 2020

5.2 Heavy Vehicles

     5.2.1 Global Heavy Vehicles Market, 2013 – 2020, (USD Million)

5.3 Luxury Vehicles

     5.3.1 Global Luxury Vehicles Market, 2013 – 2020, (USD Million)

5.4 Executive Vehicles

     5.4.1 Global Executive Vehicles Market, 2013 – 2020 (USD Million)

5.5 Economy Vehicles

     5.5.1 Global Economy Vehicles Market, 2013 – 2020, (USD Million)

5.6 SUVs

     5.6.1 Global SUVs Market 2013 – 2020, (USD Million)

5.7 MUVs

     5.7.1 Global MUVs Market, 2013 – 2020, (USD Million)

5.8 Railways

     5.8.1 Global Railways Market, 2013 – 2020, (USD Million)

 

Chapter 6 Global Rear Axle Commodity Market, By Geography:

6.1 Global Rear Axle Commodity Market: Regional Overview

     6.1.1 Global Rear Axle Commodity Market Revenue Share, by Geography, 2013 and 2020

6.2 North America

     6.2.1 North America Rear Axle Commodity Market, 2013 – 2020, (USD Million)

     6.2.2 North America Rear Axle Commodity Market, by Type, 2013 – 2020, (USD Million)

     6.2.3 North America Rear Axle Commodity Market, by Application, 2013 – 2020, (USD Million)

6.3 Europe

     6.3.1 Europe Rear Axle Commodity Market, 2013 – 2020, (USD Million)

     6.3.2 Europe Rear Axle Commodity Market, by Type, 2013 – 2020, (USD Million)

     6.3.3 Europe Rear Axle Commodity Market, by Application, 2013 – 2020, (USD Million)

6.4 Asia Pacific (APAC)

     6.4.1 Asia Pacific Rear Axle Commodity Market, 2013 – 2020, (USD Million)

     6.4.2 Asia Pacific Rear Axle Commodity Market, by Type, 2013 – 2020, (USD Million)

     6.4.3 Asia Pacific Rear Axle Commodity Market, by Application, 2013 – 2020 (USD Million)

6.5 Rest of the World (RoW)

     6.5.1 Rest of the World Rear Axle Commodity Market, 2013 – 2020, (USD Million)

     6.5.2 Rest of the World Rear Axle Commodity Market, by Type, 2013 – 2020, (USD Million)

     6.5.3 Rest of the World Rear Axle Commodity Market, by Application, 2013 – 2020, (USD Million)

 

Chapter 7 Company Profiles

7.1 American Axle & Manufacturing Holdings, Inc.

     7.1.1 Company overview

     7.1.2 Financial overview

     7.1.3 Business strategy

     7.1.4 Recent developments

7.2 Meritor, Inc.

     7.2.1 Company overview

     7.2.2 Financial overview

     7.2.3 Business strategy

     7.2.4 Recent developments

7.3 Daimler Trucks North America LLC

     7.3.1 Company overview

     7.3.2 Financial overview

     7.3.3 Business strategies

     7.3.4 Recent developments

7.4 ROC Spicer Ltd.

     7.4.1 Company overview

     7.4.2 Financial overview

     7.4.3 Business strategies

     7.4.4 Recent developments

7.5 Talbros Engineering Limited

     7.5.1 Company overview

     7.5.2 Financial overview

     7.5.3 Business strategies

     7.5.4 Recent developments

7.6 GNA Axles Ltd.

     7.6.1 Company overview

     7.6.2 Financial overview

     7.6.3 Business strategies

List of Figures

 

FIG. 1 Value Chain Analysis of Rear Axle Commodity Market

FIG. 2 Rear Axle Commodity: Porter’s five forces analysis

FIG. 3 Rear Axle Commodity Market attractiveness, by region

FIG. 4 Global Rear Axle Commodity Market: Company market share analysis, 2013 (%)

FIG. 5 Global Rear Axle Usage Pattern, 2013 and 2020

FIG. 6 Global Drive Axle Market Revenue and Forecast, 2013 – 2020, (USD Million)

FIG. 7 Global dead axle market revenue and forecast, 2013 – 2020, (USD Million)

FIG. 8 Global Lift Axle Market Revenue and Forecast, 2013 – 2020, (USD Million)

FIG. 9 Global Rear Axle Commodity Market Revenue Share, by Application, 2013 – 2020

FIG. 10 Global Heavy Vehicles Market, 2013 – 2020, (USD Million)

FIG. 11 Global Luxury Vehicles Market, 2013 – 2020, (USD Million)

FIG. 12 Global Executive Vehicles Market, 2013 – 2020, (USD Million)

FIG. 13 Global Economy Vehicles Market, 2013 – 2020, (USD Million)

FIG. 14 Global SUVs Market, 2013 – 2020, (USD Million)

FIG. 15 Global MUVs Market, 2013 – 2020, (USD Million)

FIG. 16 Global Railways Market, 2013 – 2020, (USD Million)

FIG. 17 Global Rear Axle Commodity Market Revenue Share, by Geography, 2013 and 2020

FIG. 18 North America Rear Axle Commodity Market, 2013 – 2020, (USD Million)

FIG. 19 Europe Rear Axle Commodity Market, 2013 – 2020, (USD Million)

FIG. 20 Asia Pacific  Rear Axle Commodity Market, 2013 – 2020, (USD Million)

FIG. 21 Rest of the World Rear Axle Commodity Market, 2013 – 2020, (USD Million)

FIG. 22 American Axle & Manufacturing Holdings, Inc. annual revenue 2011 – 2013, (USD million)

FIG. 23 Meritor, Inc. annual revenue, 2011 – 2013 (USD million)

FIG. 24 Daimler Trucks North America LLC annual revenue, 2011 – 2013 (USD million)

FIG. 25 Talbros Engineering Limited, annual revenue, 2011 – 2013 (USD million)

List of Tables

 

TABLE 1 Global Rear Axle Commodity  market snapshot

TABLE 2 Drivers of Rear Axle Commodity   Market: Impact analysis

TABLE 3 Restraints of the Rear Axle Commodity   Market: Impact analysis

TABLE 4 North America Rear Axle Commodity   market by technology, market size and forecast, 2013 – 2020 (in USD million)

TABLE 5 North America Rear Axle Commodity   market by application, market size and forecast, 2013 – 2020 (in USD million)

TABLE 6 Europe Rear Axle Commodity   market by technology, market size and forecast, by type 2013 – 2020 (in USD million)

TABLE 7 Europe Rear Axle Commodity   market by application, market size and forecast, 2014 – 2020 (in USD million)

TABLE 8 Asia Pacific Rear Axle Commodity   market by technology, market size and forecast, 2013 – 2020 (in USD million)

TABLE 9 Asia Pacific Rear Axle Commodity   market by application, market size and forecast, 2013 – 2020 (in USD million)

TABLE 10 Rest of the World Rear Axle Commodity   market by technology, market size and forecast, 2013 – 2020 (in USD million)

TABLE 11 Rest of the World Rear Axle Commodity   market by application, market size and forecast, 2013 – 2020 (in USD million)

 

Automotive axles play a major role in the operation of a vehicle. The axles bear the entire weight of the vehicle, cargo and passengers and live axles perform the additional task of providing the torque to the wheels. Rear axles also ensure the function of steering, driving and braking of the vehicles. Stringent emission norms by the government and demand for fuel-efficient vehicles are driving the market of light-weight automotive components. Light-weight rear axles are designed to meet the consumer demand but the challenge for the manufacturers is to maintain its quality. 

 

Rear axles, being the most vital component in a vehicle go through a lot of mechanical wear and tear under difficult conditions. Therefore, the quality of light-weight rear axles cannot be compromised. The rear axle manufacturers are striving to provide optimum comfort, safety and cost advantage to the consumers by their product offerings. The suppliers are focusing on light-weight rear axle components with higher axle ratios and low power losses under harsh functioning conditions. To achieve the same, the suppliers are working jointly with the automobile manufacturers to develop improved and efficient products. 

 

The increasing need for fuel-efficient vehicles along with light-weight automotive parts and the increase in the production of vehicles are the two factors driving the growth and research in this market. The rise in the fuel prices globally have become the prime concern for the consumers and the demand for passenger vehicles is expected to rise in the coming years. It is also of utmost significance to consider the fluctuation in the price of raw materials which is affecting the profitability of the suppliers.

 

The several developing nations in Asia-Pacific make it the highly attractive regional market comparatively. At present, Europe holds the largest market share in rear axle commodity market followed by Asia Pacific, but the focus is expected to shift towards the Asia Pacific markets in the coming years. The markets in North America and Europe being saturated; the increasing demand for All Wheel Drive (AWD) vehicles will serve as a great opportunity for the rear axle manufacturers in the regions. 

 

The key participants in this market are American Axle Manufacturing Inc., (U.S.), Meritor Inc., (U.S.), GNA Axles Limited (India), Talbros Engineering Limited (India), ROC Spicer Limited (Taiwan) and Daimler Trucks North America LLC (U.S.).

 

The report segments the rear axle commodity market by type into - drive axle, dead axle and lift axle, by application into - heavy vehicles, luxury vehicles, executive vehicles, economy vehicles, SUV, MUV and railways and by geography into - North America, Europe, Asia Pacific and Rest of the World (RoW). The revenues ($million) have also been mentioned for the above mentioned segments and sub-segments. The porter’s five force analysis and value chain analysis are also covered in the report along with qualitative data relating to the drivers, restraints and opportunities governing the global rear axle commodity market.

 

The report segments the rear axle commodity market as:

 

Rear Axle Commodity Market: By type

  • Drive Axle
  • Dead Axle
  • Lift Axle

Rear Axle Commodity Market: By application

  • Heavy Vehicles
  • Luxury Vehicles
  • Executive Vehicles
  • Economy Vehicles
  • SUV
  • MUV
  • Railways

Rear Axle Commodity Market: By geography

  • North America
  • Europe
  • Asia Pacific
  • RoW


 
 
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