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Global Automotive Rear Axle Market

Name:
geeta narwade
Date:
2020-02-05
Phone:
9607065656
Visitor:
0
Global Automotive Rear Axle Market is expected to reach US$ XX Bn by 2026 from US$ 48.65 Bn in 2018 at CAGR of XX %. Global Automotive Rear Axle market An increasing need for fuel-efficient vehicles along with lightweight automotive parts are the factors driving the growth of the rear axles market. Moreover, hike in fuel prices, expensive vehicle cost and inflation in various countries are likely to affect the sales of the rear axle market. Instead, the suppliers are working together with automobile manufacturers to develop improved and efficient products. Increased component cost and growing market fragmentation are the barrier for growth of rear axle market. A major trend of the global automotive rear axle market is OEMs forming strategic alliances with manufacturing equipment providers to cope with the demand from vehicle manufacturers. Global automotive rear axle market is segmented by design type, vehicle type, application and region. Design type is classified into semi-floating, three- quarter floating and full-floating. Vehicle type is divided into passenger vehicles, commercial vehicles and off-road vehicles. An application is split into heavy vehicles, luxury vehicles, executive vehicles, economy vehicle, SUV, MUV, and railways. Region-wise market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Based on the design type, Semi-floating design is widely used in the market. Semi-floating axle uses a wheel hub that is directly connected to the axle shaft, which is supported by a bearing located near the wheel end of the axle tube. As such, the weight of the vehicle and any cargo need to carry by the axle shaft itself at this point. So, the axle shaft is used to transmit power to the wheel as well as support the load of the vehicle, applying a bending moment, shear force, and torsional force to the axle shaft. Semi-floating axles are both lighter in weight and cheaper to manufacture than full floating axles, however, they have a limited load capacity. On the basis of application, Railway application is dominating the global rear axle market. Railway axle is a vital part of a passenger of freight railway. Railway axles are designed to be highly reliable, while the maintenance system requires periodically regular non-destructive inspection. For More Information Visit @:https://www.maximizemarketresearch.com/market-report/global-automotive-rear-axle-market/21514/

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