Global Automotive Axles Market 2021-2026

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    GLOBAL AUTOMOTIVE AXLES MARKET

     

    INTRODUCTION

    The axle plays a major role in the chassis system as a supporting link between wheels and vehicle body. All forces and moments between wheel and vehicle structure are transmitted via the axle. 

     

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    The drive axle ensures that engine motive power is transferred to the wheels. The front axle also transmits the steering movements to the wheels.  

     

    AUTOMOTIVE AXLES MARKET SEGMENTATION

    By Geography

    • China
    • US
    • Europe
    • India
    • Japan
    • Latin America
    • ROW

    By Application Type

    • Front Axle
    • Rear Axle

    By Axle Type

    • Drive/Tandem
    • Dead
    • Lift

    By Vehicle Type

    • Passenger Car
    • Commercial Vehicles  

     

     AUTOMOTIVE AXLE MARKET DYNAMICS

    In 2020, sales of light trucks (including crossovers) represented over 76% of the U.S. market, an increase from 72% the year before, and a continuation of a long-term trend in the industry 

    Dana has developed a smart disconnecting all-wheel drive system. In this the primary driveline drives the front wheels all the time whereas it drives the secondary driveline whenever necessary and thus leading to better fuel efficiency

    There has been a significant shift from conventional axles to E-Axles. Dana has wider product range in e-axle than in the conventional axle portfolio. 

     

    Key benefits of E-axle among light commercial vehicles are:

    • Tighter turning radius due to a shorter wheelbase
    • Increased room between frame rails for additional battery capacity, which extends the range of the vehicle
    • Lighter weight

     

     BY AXLE TYPE

    The drive segment held a dominant share of 56.5% in 2020 based on volume and is expected to expand at the highest CAGR over the forecast period. Growing demand for all-wheel-drive vehicles would take a toll on the adoption of drive-type automotive axles.

    The lift axle segment is projected to witness considerable growth from 2021 to 2026. The lift axle shipment was recorded at XX million units in 2020 and is anticipated to expand at a CAGR of XX% over the forecast period. Lift-type automotive axles are usually used in heavy commercial vehicles as secondary automotive axles to increase the load-carrying capacity of the vehicles.

     

    RECENT PRODUCT DEVELOPMENT IN AUTOMOTIVE AXLE MARKET

    • Dana has expanded its production capacity of All-Wheel-Drive Axle Systems at the Chongqing site in China to support the additional Ford & Lincoln vehicles in the country
    • Dana will be supplying its Dana 60 AdvanTEK solid rear axle with Spicer PerformaTraK electronic locking differential to the 2021 Ram 1500 TRX pickup truck model.
    • ZF launches next generation Active Kinematics Control (AKC) active rear axle steering system. In the latest version the greater steering angle of up to 10⁰ increases the agility of long vehicles and “Steer-by-wire” technology simplifies the integration into automated driving functions.
    • The battery-electric version of the 37 buses in London is propelled by the proven ZF electric portal axle, AxTrax AVE. The electric axle can be combined with numerous drive configurations – ranging from hybrid and fuel cell drive systems to battery-electric solutions.
    • Meritor announced that production of its 14Xe all-electric, fully integrated, commercial electric powertrain for medium- and heavy-duty commercial vehicles will begin mid-2021.

     

    AUTOMOTIVE AXLES MARKET SIZE & FORECAST

     

    2021-Q1 Global Light Vehicle (LV) Production forecast to be strongly up at 10.3% increase over prior year despite shortage in the supply of semiconductors

     

    COMPETITIVE LANDSCAPE

    There are about 15 Tier-1 suppliers active in automotive axle market.

    In 2020, American Axles Manufacturing’s 39% of the overall sales is accounted by GM and thus are the leading customers of the company. Rest of the sales are mostly from FCA (Now Stellantis Group) with 17% of overall sales and Ford with 12%

    AAM’s sales for 2020, was $ 4.7B drop by almost 28% from $ 6.5B. Driveline segment sales accounted for almost 72% of the overall sales in 2020.

    Dana’s 43% of the overall sales in 2020 was driven by the light vehicles segment, whereas the commercial vehicle segment accounted for only 16%. In 2020, company made about $ 7.1B sales a drop by ~18% from 2019. 

    Meritor’s 70% of the overall sales in 2020 was made by Axles, Suspension Systems and Drivelines. In FY-2020 the overall sales dropped by almost 31% from $ 4.3B to $ 3B.

    In July 2019, Meritor completed the acquisition of Michigan based AxleTech. AxleTech will operate within Meritor’s Aftermarket, Industrial & Trailer segment.

    Automotive Axles Ltd from India made about $ 127M sales in FY-2020 a steep drop of about 51% from $ 257M in FY-2019.

     

    COMPANIES PROFILED

    1. Robert Bosch GmbH
    2. GKN Driveline
    3. Linamar Corporation
    4. ZF Friedrichshafen
    5. Dana Incorporated
    6. Continental AG
    7. Meritor
    8. Nidec Corporation
    9. Hyllion
    10. Schaeffler Group
    11. Magna International
    12. American Axle Manufacturing
    13. The Sona Group
    14. Automotive Axles Ltd

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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