Automotive Axle Industry
                      
Summary 
Global Automotive Axle Industry, by Type (front axle, rear axle), By Material (alloy, and carbon fiber), 
By Propeller Shaft Type (single, and multi piece) - Forecast 2016-2022 
Automotive Axle Industry Scenario 
An axle is a central shaft of a rotating wheel or gear assembly, used ubiquitously in automotive 
and industries with rotating mechanisms. The automotive axle is the central shaft between two 
wheels, which helps the wheel rotate in an aligned way. 
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High Cost Is A Restraint On The Market 
Increased component cost and growing market fragmentation is a barrier for the market. The 
high durability of materials used for axle manufacture also results in replacement a rare 
opportunity for the market. 
Key Vendors 
The dominant player operating in the global Automotive Axle Industry 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) and 
others. 
Industry News 
April 2017 - American Axle acquired Metaldyne for USD 3.3 billion. The deal is projected to 
generate a revenue of 7 billion. 
March 2018 - Melrose Industries took over GKN with a hostile bid of USD 11 billion after a 
three-month battle. GKN unsuccessfully tried to avert the proposal with its £ 4.4bn planned 
merger of its Driveline automotive business with US rival Dana. 
Regional Analysis 
The Asia Pacific accounts for the most significant share of the market owing to massive 
automotive sales. Both India and China have a large automotive industry, which is driving the 
Asia Pacific region market. Factors such as availability of low-cost labor and innovations in 
engineering rising vehicle production and development of globally competitive automotive 
manufacturing hub are driving the demand for automotive Axle. The development of speed 
trains is another driver of the market. 
Europe accounts for the second largest market share led by the large automotive industry of 
Germany, U.K., and Italy. The enormous speed trains network of Europe is another driver of 
the market. The North America region is dominated by the U.S. and is driven by heavy vehicle 
segment. 
Segmentation 
To generate a better assessment of the market potential, the global Automotive Axle Industry 
is segmented into type, material, propeller shaft type and regions. 
Based on the type, the market is bisected into the front axle and rear axle. 
Based on material, the market is segmented into alloy, and carbon fiber. 
Based on propeller shaft type, the market is segmented into the single, and multi-piece. 
Based on regions, the market is segregated into North America, Europe, Asia Pacific, Middle 
East and Africa. 
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