Market Developments to Propel the Growth of the Global Automotive Axle Market

The global automotive axle market is anticipated to grow at a considerable CAGR of 1.5% during the forecast period (2023-2030). The growing developments in the automotive axle market are driving the growth of the global automotive axle market. For instance, in September 2022, Automotive supplier Hitachi Astemo signed a contract with Honda to manufacture electric axles for the carmaker’s medium and large battery electric vehicles (EVs) from 2026. At the same time, Hitachi Astemo aims to additionally expand its electrification business. As a system integrator, Hitachi Astemo is to supply a high-performance, integrated drive unit for Honda. According to the supplier, the e-axle system combines a silicon carbide inverter, a low-loss and efficient motor and a compact transmission from an external manufacturer. 

Browse the full report description of “Automotive Axle Market Size, Share & Trends Analysis Report by Type (Drive, Dead, Lift), by Application (Front, Rear), by Vehicle Type (Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)) Forecast Period (2022-2030)” at https://www.omrglobal.com/industry-reports/automotive-axle-market

Further, in June 2022, Schaeffler has developed 4-in-1 electric axle. This axle integrates thermal management system as well as the electric motor, power electronics, and transmission into the axle drive. This makes the axle drive more compact and lighter and ensures greater comfort. Furthermore, in August 2019, Meritor, Inc. has grown its manufacturing footprint in India by 25.0% with a $36.5 million axle assembly facility at Automotive Axles, its joint venture with Kalyani Group in Mysore, India. Meritor, the Troy, Michigan-based maker of drivetrain, mobility, braking and aftermarket components for commercial vehicle and industrial markets, also is opening a research and development center in Mysore. The new facilities in India are anticipated to support the company’s market positions. The new assembly facility will serve customers in the commercial vehicle, off-highway and defense sectors.

Market Coverage

• The market number available for – 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

• Segment Covered- 

o By Type

o By Application

o By Vehicle Type

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- including American Axle & Manufacturing, Inc., Dana Inc., Daimler AG, GNA Group, and Meritor Inc., among others.

Key questions addressed by the report

• What is the market growth rate?

• Which segment and region dominate the market in the base year?

• Which segment and region will project the fastest growth in the market?

• Who is the leader in the market?

• How are players addressing challenges to sustain growth?

• Where is the investment opportunity?

Global Automotive Axle Market Report Segment

By Type 

• Drive
• Dead
• Lift 

By Application

• Front
• Rear

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV) 

Global Automotive Axle Market Report Segment by Region

North America

• United States

• Canada

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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