Wheel Axle Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Feb-2020 | List of Tables : 84 | List of Figures : 95 | No. of Pages : 170 | Report Code : FACT4559MR |

Increasing Production of Commercial Vehicles to Amp up Demand for Wheel Axle

The industrial sector is expanding in developing countries and advancements in commercial operations in logistics has led to significant demand for commercial vehicles. Increasing demand for heavy commercial vehicles is significant in developed regions such as North America and Europe. Heavy commercial vehicles coupled with long trailers are used which generally require around 6-8 wheel Axle in order to achieve the equilibrium of load distribution. Therefore, an increase in the demand for long trailers over the forecast period will subsequently increase demand for wheel Axles.

The global wheel axle market is projected to create an absolute $ opportunity of more than US$ 23 billion, to be valued at more than US$ 87 billion by the end of the forecast period (2019 – 2029), predicts the report recently published by Fact.MR.

Burgeoning Demand for Rolling Stock to Boost the Wheel Axle Market

The governments in developing countries are increasing their focus on expanding transit facilities in their regions, owing to the growing population and rapid urbanization. The demand for rolling stock such as locomotives, carriages, and wagons is growing, as rail-vehicles possess high transportation capacity compared to other modes. Besides, privatization of the rail in Japan has encouraged leading players to manufacture enter into the business of rail transportation which has boosted rolling stock production in the region, which supports the growth of the wheel Axle market. Thus, increasing demand for rolling stock supports the growth of the wheel Axle market. Fact.MR opines that rail end-use segment is estimated to create an absolute dollar opportunity US$ 135.6 Mn, and is expected to grow at a CAGR of 4.4% during the forecast period (2019 – 2029).

Wheel Axle with Medium Torque Set to Accumulate Majority Share

Light commercial vehicles such as pickup trucks and sports utility vehicles which generate a drive torque of 300 – 600 Nm have been increasing, owing to benefits such as high load-carrying capacity as well as comfort while driving. North America and Asia Pacific registered high growth rates in the production of light commercial vehicle by 4.8% and 3.7% respectively in the last couple of years. Therefore, increasing demand for light commercial vehicles is expected to create higher-value opportunities in future years. In the Fact. MR’s report, it is projected that the wheel axles required for vehicles with drive torque between 300 – 600 Nm will hold one-third of market share in terms of value and are anticipated to grow at a CAGR of 3.3% by the end of 2029.

wheel axle market 01

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East Asia to Outpace other Regions in Global Wheel Axle Market

Rapid industrialization in the leading oriental countries such as China, Japan, and South Korea has given impetus to the economy of the region. East Asia has become the manufacturing hub of the world, especially for automotive production. China has emerged as the leading manufacturer of automobiles in the world with more than 25 million motor vehicles produced in the country in the year 2018. Therefore, East Asia has become a prominent market for manufacturers of wheel Axle. Fact.MR anticipates that East Asia is projected to hold more than 41% value share of the global wheel Axle market during the forecast period.

wheel axle market 02

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Manufacturers Focused on Expansion through Acquisitions and Product Launches

Market leaders are maintaining a strong position owing to the robust internationalization of companies through acquisitions and set up of subsidiaries across the globe. Besides, companies are introducing new products to expand in the market. For instance, in January 2020,

  • Dexter Axle Company acquired US based drive Axle & suspension manufacturer Silent Drive to expand its product portfolio
  • In April 2019, leading wheel Axle manufacturer Meritor Inc. launched a line of planetary Axles for material handling vehicles

Wheel Axle Market - Scope of the Report

Fact.MR recently published a market study on the global market for wheel axle. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the wheel axle market structure. The market study presents exclusive information about how the wheel axle market will grow during the forecast period of 2019-2029.

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the wheel axle market in the forecast period.

The study is relevant for stakeholders in the wheel axle market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the wheel axle market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.

The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the wheel axle market. It also offers actionable insights based on future trends in the wheel axle market. Furthermore, small businesses and new entrants in the wheel axle market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.

Key Segments of the Wheel Axle Market

Fact.MR’s study on the wheel axle market offers information divided into four key segments— end use, drive torque and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

End Use

Drive Torque

Region

  • Vehicle
    • Passenger Car
    • LCV
    • HCV
  • Rail
  • Below 300 Nm
  • 300 – 600 Nm
  • 600 – 900 Nm
  • 900 – 1200 Nm
  • 1200 – 1500 Nm
  • Above 1500 Nm
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Key Questions Answered in Fact.MR’s Wheel Axle Market Report

  • Which regions will continue to remain the most profitable regional markets for wheel axle market players?
  • Which factors will induce a change in the demand for wheel axle during the assessment period?
  • How will changing trends impact the wheel axle market?
  • How can market players capture the low-hanging opportunities in the wheel axle market in developed regions?
  • Which companies are leading the wheel axle market?
  • What are the winning strategies of stakeholders in the wheel axle market to upscale their position in this landscape?

Wheel Axle Market: Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the Wheel Axle market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.

Secondary resources referred to analysts during the preparation of the Wheel Axle market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Global Wheel Axle Market Demand Analysis 2014-2018 and Forecast, 2019-2029

    5.1. Historical Market Volume (Units) Analysis, 2014-2018

    5.2. Current and Future Market Volume (Units) Projections, 2019-2029

    5.3. Y-o-Y Growth Trend Analysis

6. Global Wheel Axle Market - Pricing Analysis

    6.1. Regional Pricing Analysis By End Use

    6.2. Pricing Analysis

7. Global Wheel Axle Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029

    7.1. Historical Market Value (US$ Mn) Analysis, 2014-2018

    7.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global GDP Growth Outlook

        8.1.2. Global Automotive Sector Outlook

        8.1.3. Global Urbanization Outlook

    8.2. Global Automotive Sector Outlook

        8.2.1. Global Automotive Production & Vehicle PARC Analysis, By Prominent Region

        8.2.2. Vehicle Production by Type in Prominent Countries

        8.2.3. Automotive Parts Manufacturer EBIT Margin by Category

        8.2.4. Global Automotive Production By Manufacturer

    8.3. Forecast Factors - Relevance & Impact

        8.3.1. Increasing Vehicle Production 

        8.3.2. Increasing Vehicle Fleet Size

        8.3.3. Growing Automotive Component Industry

        8.3.4. Demographic Changes

        8.3.5. Shift in Automotive Landscape

        8.3.6. Preference Towards Electro-mobility

        8.3.7. Stringency in Government Regulations

        8.3.8. Global Rolling Stock Industry Outlook

        8.3.9. GDP Growth

    8.4. Value Chain

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Global Wheel Axle Market Analysis 2014-2018 and Forecast 2019-2029, by End Use 

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2014 – 2018

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2019 – 2029

        9.3.1. Vehicle

            9.3.1.1. Passenger Car

            9.3.1.2. LCV

            9.3.1.3. HCV

        9.3.2. Rail

    9.4. Market Attractiveness Analysis By End Use 

10. Global Wheel Axle Market Analysis 2014-2018 and Forecast 2019-2029, by Drive Torque

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Drive Torque, 2014 – 2018

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Drive Torque, 2019 – 2029

        10.3.1. Below 300 Nm

        10.3.2. 300-600 Nm

        10.3.3. 600-900 Nm

        10.3.4. 900-1200 Nm

        10.3.5. 1200-1500 Nm

        10.3.6. Above 1500 Nm

    10.4. Market Attractiveness Analysis By Drive Torque

11. Global Wheel Axle Market Analysis 2014-2018 and Forecast 2019-2029, by Region

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2014 – 2018

    11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2019 – 2029

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. Europe

        11.3.4. East Asia

        11.3.5. South Asia & Oceania

        11.3.6. Middle East and Africa (MEA)

    11.4. Market Attractiveness Analysis By Region

12. North America Wheel Axle Market Analysis 2014-2018 and Forecast 2019-2029

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 – 2018

    12.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 – 2029

        12.4.1. By Country

            12.4.1.1. U.S.

            12.4.1.2. Canada

        12.4.2. By End Use

        12.4.3. By Drive Torque

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By End Use

        12.5.3. By Drive Torque

    12.6. Market Trends

    12.7. Key Market Participants - Intensity Mapping

    12.8. Drivers and Restraints - Impact Analysis

13. Latin America Wheel Axle Market Analysis 2014-2018 and Forecast 2019-2029

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 – 2018

    13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 – 2029

        13.4.1. By Country

            13.4.1.1. Brazil

            13.4.1.2. Mexico

            13.4.1.3. Argentina

            13.4.1.4. Rest of Latin America

        13.4.2. By End Use

        13.4.3. By Drive Torque

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By End Use

        13.5.3. By Drive Torque

    13.6. Market Trends

    13.7. Key Market Participants - Intensity Mapping

    13.8. Drivers and Restraints - Impact Analysis

14. Europe Wheel Axle Market Analysis 2014-2018 and Forecast 2019-2029

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 – 2018

    14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 – 2029

        14.4.1. By Country

            14.4.1.1. Germany

            14.4.1.2. France

            14.4.1.3. Italy

            14.4.1.4. Spain

            14.4.1.5. U.K.

            14.4.1.6. Belgium

            14.4.1.7. Russia

            14.4.1.8. Rest of Europe

        14.4.2. By End Use

        14.4.3. By Drive Torque

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By End Use

        14.5.3. By Drive Torque

    14.6. Market Trends

    14.7. Key Market Participants - Intensity Mapping

    14.8. Drivers and Restraints - Impact Analysis

15. East Asia Wheel Axle Market Analysis 2014-2018 and Forecast 2019-2029

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 – 2018

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 – 2029

        15.4.1. By Country

            15.4.1.1. China

            15.4.1.2. Japan

            15.4.1.3. South Korea

        15.4.2. By End Use

        15.4.3. By Drive Torque

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By End Use

        15.5.3. By Drive Torque

    15.6. Market Trends

    15.7. Key Market Participants - Intensity Mapping

    15.8. Drivers and Restraints - Impact Analysis

16. South Asia & Oceania Wheel Axle Market Analysis 2014-2018 and Forecast 2019-2029

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 – 2018

    16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 – 2029

    16.5. By Country

            16.5.1.1. India

            16.5.1.2. Thailand

            16.5.1.3. Malaysia

            16.5.1.4. Indonesia

            16.5.1.5. Rest of South Asia & Oceania

        16.5.2. By End Use

        16.5.3. By Drive Torque

    16.6. Market Attractiveness Analysis

        16.6.1. By Country

        16.6.2. By End Use

        16.6.3. By Drive Torque

    16.7. Market Trends

    16.8. Key Market Participants - Intensity Mapping

    16.9. Drivers and Restraints - Impact Analysis

17. Middle East and Africa Wheel Axle Market Analysis 2014-2018 and Forecast 2019-2029

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014 – 2018

    17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 – 2029

        17.4.1. By Country

            17.4.1.1. Iran

            17.4.1.2. Turkey

            17.4.1.3. South Africa

            17.4.1.4. Rest of Middle East and Africa

        17.4.2. By End Use

        17.4.3. By Drive Torque

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By End Use

        17.5.3. By Drive Torque

    17.6. Market Trends

    17.7. Key Market Participants - Intensity Mapping

    17.8. Drivers and Restraints - Impact Analysis

18. Market Structure Analysis

    18.1. Market Analysis by Tier of Companies (Wheel Axle)

    18.2. Market Concentration

    18.3. Market Share Analysis of Top Players

    18.4. Market Presence Analysis

        18.4.1. Regional Footprint of Players

        18.4.2. Product Footprint by Players

        18.4.3. Channel Footprint by Players

19. Competition Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking

    19.3. Competition Deep Dive 

        19.3.1. ZF Friedrichshafen AG

            19.3.1.1. Overview

            19.3.1.2. Product Portfolio

            19.3.1.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.1.4. Sales Footprint

            19.3.1.5. Strategy Overview

                19.3.1.5.1. Marketing Strategy

                19.3.1.5.2. Product Strategy

                19.3.1.5.3. Channel Strategy

        19.3.2. Dana Incorporated

            19.3.2.1. Overview

            19.3.2.2. Product Portfolio

            19.3.2.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.2.4. Sales Footprint

            19.3.2.5. Strategy Overview

                19.3.2.5.1. Marketing Strategy

                19.3.2.5.2. Product Strategy

                19.3.2.5.3. Channel Strategy

        19.3.3. American Axle and Manufacturing Holdings

            19.3.3.1. Overview

            19.3.3.2. Product Portfolio

            19.3.3.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.3.4. Sales Footprint

            19.3.3.5. Strategy Overview

                19.3.3.5.1. Marketing Strategy

                19.3.3.5.2. Product Strategy

                19.3.3.5.3. Channel Strategy

        19.3.4. Meritor, Inc.

            19.3.4.1. Overview

            19.3.4.2. Product Portfolio

            19.3.4.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.4.4. Sales Footprint

            19.3.4.5. Strategy Overview

                19.3.4.5.1. Marketing Strategy

                19.3.4.5.2. Product Strategy

                19.3.4.5.3. Channel Strategy

        19.3.5. Gestamp Automocion SA

            19.3.5.1. Overview

            19.3.5.2. Product Portfolio

            19.3.5.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.5.4. Sales Footprint

            19.3.5.5. Strategy Overview

                19.3.5.5.1. Marketing Strategy

                19.3.5.5.2. Product Strategy

                19.3.5.5.3. Channel Strategy

        19.3.6. Automotive Axles Limited

            19.3.6.1. Overview

            19.3.6.2. Product Portfolio

            19.3.6.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.6.4. Sales Footprint

            19.3.6.5. Strategy Overview

                19.3.6.5.1. Marketing Strategy

                19.3.6.5.2. Product Strategy

                19.3.6.5.3. Channel Strategy

        19.3.7. Press Kogyo Co Ltd

            19.3.7.1. Overview

            19.3.7.2. Product Portfolio

            19.3.7.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.7.4. Sales Footprint

            19.3.7.5. Strategy Overview

                19.3.7.5.1. Marketing Strategy

                19.3.7.5.2. Product Strategy

                19.3.7.5.3. Channel Strategy

        19.3.8. U.S. Axle, Inc.

            19.3.8.1. Overview

            19.3.8.2. Product Portfolio

            19.3.8.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.8.4. Sales Footprint

            19.3.8.5. Strategy Overview

                19.3.8.5.1. Marketing Strategy

                19.3.8.5.2. Product Strategy

                19.3.8.5.3. Channel Strategy

        19.3.9. Hyundai Transys Inc.

            19.3.9.1. Overview

            19.3.9.2. Product Portfolio

            19.3.9.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.9.4. Sales Footprint

            19.3.9.5. Strategy Overview

                19.3.9.5.1. Marketing Strategy

                19.3.9.5.2. Product Strategy

               19.3.9.5.3. Channel Strategy

        19.3.10. GKN Automotive

            19.3.10.1. Overview

            19.3.10.2. Product Portfolio

            19.3.10.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.10.4. Sales Footprint

            19.3.10.5. Strategy Overview

                19.3.10.5.1. Marketing Strategy

                19.3.10.5.2. Product Strategy

                19.3.10.5.3. Channel Strategy

        19.3.11. Other Prominent Players

            19.3.11.1. Overview

            19.3.11.2. Product Portfolio

            19.3.11.3. Profitability by Market Segments (Product/Channel/Region)

            19.3.11.4. Sales Footprint

            19.3.11.5. Strategy Overview

                19.3.11.5.1. Marketing Strategy

                19.3.11.5.2. Product Strategy

                19.3.11.5.3. Channel Strategy

20. Assumptions and Acronyms Used

21. Research Methodology

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Wheel Axle Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029