Automotive Axle Market Research Report - Global Forecast to 2027

Automotive Axle Market, by Type (front axle, rear axle), By Material (alloy, and carbon fiber), By Propeller Shaft Type (single, and multi piece) - Forecast 2020-2027

ID: MRFR/AM/1727-HCR | February 2021 | Region: Global | 110 pages

Automotive Axle Market Synopsis:


The growth of automotive industry directly translates into increasing demand for automotive axle market. Automotive axle is an integral part of wheeled vehicle which helps for better steering and handling control. Depending upon its position and application axle serves different functions of steering and transmission. Increasing acceptance of hybrid and electric vehicles and integration of smart and advanced gearing technology acts as a major driving factor for the automotive axle market. Growing vehicle demand as well as engineering advancement for improving performance of vehicle are some of the factors which drives the demand for the market. Moreover, focus on improving power and drivetrain systems encompassing components such as clutch, transmission, and propeller shaft and rear axle driving the growth of the market.

However, increased component cost and additional vehicle weight are some of the factors which act as a barrier for the market.


Study Objectives of Automotive Axle markets Market.



  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Automotive Axle markets Market.

  • To provide insights about factors affecting the market growth.

  • To analyze the Automotive Axle markets market based porter’s five force analysis etc.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segment by type, material , propeller shaft type and sub-segments

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Conveyor system


Key Players: 


The major player operating in the market of Global Automotive Axle 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).


Automotive Axle market: Segmentation


Global Automotive Axle market Segmentation

Regional Analysis


Asia pacific is dominating the market due to majority of automotive sales in the region as well as shift towards electrification which helps the market in this region. Development of automotive manufacturing industries in developing economies such as china and India are driving the market for automotive Axle. Factors such as availability of low-cost manual as well as innovations in engineering focusing towards fuel efficiency and sustainability, rising vehicle production levels as well as globally competitive automotive manufacturing hub are some of the factors pushing the market of automotive Axle.

Whereas, Europe holds the largest market share in rear axle commodity market followed by Asia pacific due to factors such as strict emission norms laid down by the government and a significant rise in the demand for light-weight rear axles in vehicles in the region.


Market Size of Global Automotive Axle Market by Regions (USD Billion) Market Size of Global Automotive Axle Market by Regions (USD Billion)




Target Audience:



  • Organizations

  • Manufacturer

  • Research Institute / Education Institute

  • Potential Investors


Product Analysis:



  • Product matrix which gives a detailed comparison of the market for different recycled product types


Additional Information:



  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators


Geographic Analysis:



  • Geographical analysis across 15 countries


Company Information:



  • Profiling of 10 key  market players

  • In-depth analysis including SWOT analysis, and strategy  information of related to report title

  • Competitive landscape including emerging trends adopted by major companies


The report for Global Automotive Axle Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   Substantial CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Material, Propeller Shaft Type,
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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).
  Key Market Opportunities   Focus on improving power and drivetrain systems encompassing components such as clutch, transmission, and propeller shaft and rear axle
  Key Market Drivers

  • Increasing acceptance of hybrid and electric vehicles and integration of smart and advanced gearing technology
  • Growing vehicle demand as well as engineering advancement for improving performance of vehicle


  • Frequently Asked Questions (FAQ) :


    The automotive axle market can surge at a considerably high CAGR in the assessment period.

    MRFR estimates the automotive axle market to touch a lucrative value by 2022.

    GKN Plc (U.K.), Showa Corporation (Japan), and ELBE Gelenkwellen-Service GmbH(Germany) are some reputed companies in the automotive axle market.

    Carbon fiber and alloy are extensively used for the production of automotive axle.

    Multi piece propeller shafts are used mostly in automotive axle. Other type of propeller shafts used is single type.