Global Market Insights Rear Axle Market .pdf
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Global Rear Axle Market Analysis and Industry
Forecast, 2017 – 2024: Global Market Insights Inc.
The Report on “Rear Axle Market Size, Industry Analysis Report, Regional
Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea,
Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development
Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024”,
Rear Axle Market size is influenced by global automotive industry growth which is
undergoing a great transformation owing to increase in demand for automobiles in
Growing demand of various improved automobile components for better fuel
efficiency and minimum emission in vehicles will drive the growth of rear axle market
in forecasted time frame.
The automobile makers are now shifting their focus on the design of undercarriage
components to reduce overall weight and emission. Therefore, efforts are being
made to provide lightweight yet strong components as they are vital for load bearing,
steering, and driving a vehicle to undergo wear and tear under tough conditions. It
provides ease of handling and safety by reducing overall weight of the automobiles.
Dead is used in heavy trucks and trailers, farm equipment and certain heavy
construction machinery for load bearing purpose. Lift is a component which is widely
used in some dump trucks and trailers which need to be mechanically raised or
lowered. It is primarily configured to increase the weight capacity or to distribute the
weight of cargo over more wheels. Increasing transport structure across the globe
leading to a surge in connectivity amongst numerous countries, thereby influencing
the manufacturing of trucks and trailers with lightweight components will drive the
growth of rear axle market in forecasted time frame.
Cutting-edge navigation technologies in automobile industry with a vehicle to vehicle
communication, supported by an enormous thriving of new amenities such as
accident avoidance and automatic brakes will further propel rear axle market growth
in the Asia pacific region.
North American automobile industry is witnessing rising adoption of All Wheel Drive
(AWD) vehicles and manufacturers are investing in this major opportunity. Most of
the vehicle growth production will come from Japanese, Europe, And South Korean
The major players in the market are Meritor, Dana Daimler Trucks, ROC Spicer Ltd,
North America LLC, and Holding Corporation. The manufacturers are focused on the
production of lightweight vehicles with revolutionized technology for surviving the
competition in the market. Other potential players include GNA Axles Ltd and Tabors
Engineering Limited. The entry into new markets of BRIC and the Asian countries is
expected to result in a surge in demand for economy vehicles. The alliance of OEMs
with suppliers and manufacturers for innovation will lead to the growth of rear axle
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available for
key industries such as chemicals, advanced materials, technology, renewable
energy and biotechnology.
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