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