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. 

 

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

 

SI No	Timeline	Company	Developments
1	December 2021	Meritor	Meritor has partnered with BAE Systems for the delivery of Electric Drivetrains for Industrial vehicles.
2	December 2021	Nidec Corporation	Nidec Corporation has laid the foundation stone for the construction of a new factory in Serbia.
3	September 2021	Vitesco Technologies	Vitesco Technologies has opened a new headquarters in Regensburg which comprises four buildings.
4	September 2021	Schaeffler	Schaeffler Automotive has moved its headquarters to Frankfurt’s Gateway Gardens district for a ten year lease.
5	June 2021	Vitesco Technologies	Vitesco Technologies has celebrated the grand new opening of a smart factory in Debrecen.
6	June 2021	Hyllion	Hyllion will render its showroom with an expansion of its Austin Headquarters.

 

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.

 

To know more about Global Electric Bus Axles Market, read our report

 

 

 

RECENT PRODUCT DEVELOPMENT IN AUTOMOTIVE AXLE MARKET

 

SI No	Timeline	Company	Developments/ Products
1	December 2021	Meritor	Meritor has been awarded by Daimler China in order to supply single rear-drive axles for heavy duty trucks.
2	July 2021	Vitesco Technologies	Vitesco Technologies has revealed the new generation of electric axle drive, EMR4. The power requirement is 80 kW to 230 kW and the weight is 25% lighter.
3	Q1-2021	DANA	The eS20D e-axle has been launched by Dana with a maximum current of 350 A and a peak power of 193 kW.
4	Q1-2021	DANA	Dana has released the new eSA201 e-Axle with a peak power of 20 kW and a maximum output torque of 13,000 Nm.
5	Q1-2021	DANA	The eS4500r Rigid e-Axle has been released by DANA for commercial and light vehicles. It has a peak power of 180 kW and the maximum output torque of 4,500 Nm.
6	Q1-2021	DANA	Dana has launched the eS9000r e-Axle for commercial vehicles with a peak power of 240 kW and a maximum output torque of 9,000 Nm.
7	Q1-2021	DANA	The eS5700r e-Axle has been released by Dana for minibuses and commercial vehicles. The maximum power is about 130 kW and the maximum output torque is 5,700 Nm.
8	Q1-2021	DANA	Dana has released the eS13.0r e-Axle which is ideal for medium-duty trucks and buses. It has a peak power of more than 150 kW and the maximum torque of 13,000 Nm.
9	2020	ZF	The front axle system RL 75 has been released by ZF for buses. The weight of the axle system is 496 kg.
10	2020	Bosch Mobility	Bosch Mobility has launched the e-Axle with an output of 50 to 300 kW and the torque will be 1000 to 5000 Nm.
11	2020	ZF	ZF has launched the Planetary Steering Axle APL 90 which can be used for all-wheel drive trucks. The maximum output torque is 35,000 Nm.
12	2020	ZF	The RL 82 EC Tag Axle System which is ideal for city and Intercity Buses with a maximum axle load of 7500 kg.
13	2020	ZF	ZF has released the new AVN 132 which is a Portal Axle for city buses and it is useful for step-free boarding in articulated buses.

 

• 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

 

 

AUTOMOTIVE AXLE MARKET COMPETITIVE LANDSCAPE

 

SI No	Timeline	Company	Updates
1	Q3-2021	Vitesco Technologies	The total revenue of Vitesco Technologies at the end of the third quarter was €1.91 billion and in 2020 the revenue was €2.2 billion.
2	Q4-2021	Meritor	At the end of the fourth quarter the sales of Meritor was $740 million and in the previous year the sales was $560 million.
3	Q3-2021	Linamar	The sales of Linamar at the end of third quarter was $1.64 billion and in 2020 the sales was $1.63 billion.
4	Q3-2021	Sonacomstar	The revenue of Sonacomstar at the end of the quarter was Rs 5.85 billion and in the previous year the revenue was Rs 3.84 billion.
5	Q3-2021	AAM	At the end of the third quarter the net sales of AAM was $1.21 billion and in 2020 the net sales was $1.41 billion.
6	August 2021	Nidec Corporation	Nidec Corporation has completed the Stock acquisition of Mitsubishi Heavy Industries Machine Tool Co Ltd.

 

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.

 

AUTOMOTIVE AXLE MARKET 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

 

THIS AUTOMOTIVE AXLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. Automotive Axles Market size and Forecast, by region, by application
2. Average B-2-B price for Automotive Axles Market, by region, per user
3. Technology trends and related opportunity for new Automotive Axles Market tech suppliers
4. Automotive Axles Market share of leading vendors, by region,
5. Coronavirus impact on Automotive Axles Market earnings