Automotive Axles Market by Vehicle Type, Axle Type, and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 179 SKU: IRTNTR75159

Automotive Axles Market Size 2023-2027

The automotive axles market size is estimated to grow by USD 21.99 billion at a CAGR of 5.81% between 2022 and 2027. The market's expansion relies on various factors, such as the rising demand for commercial vehicles, the increasing adoption of electric vehicles (EVs), and the significant growth in the premium vehicle segment. These factors collectively drive the market forward, with commercial vehicle demand indicating economic activity and infrastructure development. The shift towards EVs reflects the growing environmental consciousness and regulatory support for cleaner transport options. Additionally, the strong growth in the premium vehicle segment suggests an increasing consumer preference for higher-end, feature-rich vehicles. As these trends continue, the market is expected to witness sustained growth, driven by these key factors shaping the automotive industry.

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

This market report extensively covers market segmentation by vehicle type (passenger cars, SUVs, light commercial vehicles, heavy commercial vehicles, and others), axle type (drive axle, dead axle, and lifting axle), and geography (North America, APAC, Europe, South America, and Middle East and Africa).

By Vehicle Type

The market share growth by the passenger cars segment will be significant during the forecast period. Rapid urbanization and rising disposable income have increased the demand for automobiles. People living in emerging economies such as Brazil, India, China, and South Africa, as well as Middle Eastern countries such as the United Arab Emirates, Qatar, and Saudi Arabia, have increased disposable income, mainly due to high economic growth. Rising disposable income is driving the growth of the passenger car segment in these countries. Therefore, the increasing demand for passenger cars has increased the demand for automobile axles. 

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The passenger cars segment was valued at USD 17.03 billion in 2017. Nowadays, performance vehicles are more popular in North America and Europe, with countries such as the United States contributing significantly to the growth of performance vehicles. In the Asia-Pacific region, people's per capita income is increasing due to rapid economic growth in countries such as China and India. Such factors will increase consumer purchasing power and lead to continued growth in sales of performance vehicles. Therefore, the increase in global automobile production will drive the demand for auto parts such as axles, driving the growth of the market during the forecast period.  

By Region

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North America is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North American countries such as the US, Canada, and Mexico are the major market enablers in the region. These countries dominate the North American automobile market in terms of production volume. The regional consumer preference for large utility vehicles is one of the major driving forces underlying the high demand and sales of commercial vehicles.

The US and Canada dominate the regional commercial vehicle market, which in turn directly contributes to the automotive axles market in North America, as consumers in these countries prefer personal vehicles over public transport for commuting. Such factors will increase the demand and also support the growth of the automotive axles market in North America during the forecast period.

Market Dynamics and Customer Landscape

The market is driven by vehicle production demands, with a focus on fuel-efficient vehicles. Advanced stability systems and lightweight materials are key for enhanced performance and safety. Axles play a crucial role in determining wheel position and distributing driving torque in vehicles, particularly in heavy-duty commercial vehicles transporting long trailers or oversize loads. They are integral to both passenger vehicles and luxury vehicles, aiding in torque distribution and reducing carbon emissions. With the rise of hybrid vehicles, axles are adapting to accommodate new powertrain configurations, such as a central shaft transmitting power to rotating wheels through different axle types like full floating and semi-floating axles in the rear axle assembly. The Automotive Axles Market is crucial for heavy-duty commercial vehicles, with components like the front axle, full floating axle, semi-floating axle, and differential assembly being integral to these wheeled vehicles. The rear drive axle is especially critical, ensuring the smooth rotation of wheels, highlighting its importance in vehicle performance. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Increasing demand for commercial vehicles is the key factor driving the growth of the market. In the advanced North American automobile market, including the United States and Canada, commercial pickup trucks are popular, and sales are increasing. Rising demand for medium and heavy-duty trucks has contributed significantly to the growth of the market due to the availability of multiple axles to support heavy loads. Medium- and heavy-duty trucks have been the backbone of commercial activities, including logistics, construction, mining, and any trade-related activities.

In the developing and emerging economies of the Asia-Pacific region, the demand for commercial vehicles is indeed increasing due to improving socio-economic conditions, infrastructure development, expanding employment opportunities, and growth in the manufacturing sector. This trend is driving the need for advanced vehicle features such as stability systems, hybrid vehicles, fuel-efficient technologies, and reduced carbon emissions to meet the growing transportation demands while addressing environmental concerns. Additionally, improvements in road infrastructure are also contributing to the increased demand for commercial vehicles in these regions. This is expected to drive the demand for various vehicles, such as medium- and heavy-duty trucks, across regions during the forecast period.

Significant Market Trends

The increase in popularity of e-axle systems is the primary trend in the market. The demand for electric vehicles is driving demand for high efficiency and extended range on a single charge. By integrating the electric motor into the rigid rear axle, the vehicle weight is reduced by up to 100 kg. Efficiency is further enhanced by the development of the e-axle system, such as the integration of the electric motor and rigid rear axle into a single Streamline module. This system allows the elimination of propulsion systems that rely on centrally located engines and cardan shafts to transmit power to the rear wheels.

Moreover, these e-axles are designed to drop into existing suspension, which makes it easier to fit in any truck structure. In addition to weight reduction, the freed-up space can be used for the installation of a battery with a longer range. These developments and the increasing popularity of e-axles will positively impact the market during the forecast period.

Major Automotive Axles Market Challenge

The decline in automotive production due to the global semiconductor chip shortage is a major challenge to the growth of the market. A global chip shortage has led automakers to halt production lines for short periods as supply shortages hamper car production. For instance, in February 2023, Renault Group (Renault) announced that the production plans in India would experience a decline due to the automotive chip shortage. Similarly, in 2022, General Motors (GM) experienced a decline in automotive sales due to an ongoing chip shortage. The company delivered more than 2.3 vehicles in China in 2022, which is 21% down from 2021.

Thus, the current global crisis created by the shortage of semiconductor chips has decelerated automotive production in various parts of the globe. Such factors will negatively impact the application of automotive components such as automotive axles, which, in turn, will hamper the growth of the market during the forecast period.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Cardone Industries Inc.: The company offers automotive axles such as CV Axle Assembly 66-5235HD, CV Axle Assembly 66-6057, and CV Axle Assembly 66-5185HD. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • American Axle and Manufacturing Holdings Inc.
  • BorgWarner Inc.
  • Carraro SpA
  • Cummins Inc.
  • Dana Inc.
  • Dorman Products Inc.
  • GESTAMP AUTOMOCION SA
  • GNA Axles Ltd.
  • Hirta Industry Co. Ltd.
  • Hyundai Motor Group
  • KOREA FLANGE Co. Ltd.
  • Magna International Inc.
  • Melrose Industries Plc
  • Mercedes Benz Group AG
  • Press Kogyo Co. Ltd.
  • Robert Bosch GmbH

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2022 for the following segments.

  • Vehicle Type Outlook 
    • Passenger cars
    • SUVs
    • Light commercial vehicles
    • Heavy commercial vehicles
    • Others
  • Axel Type Outlook 
    • Drive axle
    • Dead axle
    • Lifting axle
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market in the commercial vehicle sector is driven by the demand for efficient and durable axles, particularly drive axles and lift axles. Manufacturers are increasingly using lightweight materials such as aluminum, steel, and composite materials to reduce vehicle weight and improve fuel efficiency. The market is also influenced by initiatives like The Electric Vehicles Initiative (EVI), which promotes the adoption of electric vehicles and lightweight axles. However, challenges such as the high cost of composite materials and the risk of counterfeit products impact market growth. Despite these challenges, the market is expected to grow, driven by the need for environmentally friendly and fuel-efficient vehicles.

The market is a critical component of the automotive industry, catering to various segments like heavy-duty commercial vehicles, long-haul trailers, and luxury passenger cars. Front and rear axles play a pivotal role in the vehicle's stability, load distribution, and overall performance. Manufacturers are increasingly focusing on lightweight materials such as carbon fiber to improve fuel efficiency and reduce environmental repercussions. The market also includes aftermarket services for axle maintenance and replacement. With the rise of vehicle electrification and the demand for environmentally friendly solutions, the automotive axles market is poised for significant growth, especially in regions with major manufacturing hubs.

Market Scope

Report Coverage

Details

Page number

179

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.81%

Market growth 2023-2027

USD 21.99 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.4

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 30%

Key countries

US, Canada, China, Japan, and Germany

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

American Axle and Manufacturing Holdings Inc., BorgWarner Inc., Cardone Industries Inc., Carraro SpA, Cummins Inc., Dana Inc., Dorman Products Inc., GESTAMP AUTOMOCION SA, GNA Axles Ltd., Hirta Industry Co. Ltd., Hyundai Motor Group, KOREA FLANGE Co. Ltd., Magna International Inc., Melrose Industries Plc, Mercedes Benz Group AG, Press Kogyo Co. Ltd., Robert Bosch GmbH, SAF HOLLAND SE, Talbros Automotive Components Ltd., and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period.

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Axle Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global automotive axles market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global automotive axles market 2017 - 2021 ($ million)
    • 4.2 Vehicle type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ million)
    • 4.3 Axle type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Axle type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Vehicle Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Vehicle Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Vehicle Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Vehicle Type
      • Exhibit 32: Chart on Comparison by Vehicle Type
      • Exhibit 33: Data Table on Comparison by Vehicle Type
    • 6.3 Passenger cars - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Passenger cars - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)
    • 6.4 SUVs - Market size and forecast 2022-2027
      • Exhibit 38: Chart on SUVs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on SUVs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on SUVs - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on SUVs - Year-over-year growth 2022-2027 (%)
    • 6.5 Light commercial vehicles - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Light commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Light commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Light commercial vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Light commercial vehicles - Year-over-year growth 2022-2027 (%)
    • 6.6 Heavy commercial vehicles - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Heavy commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Heavy commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Heavy commercial vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Heavy commercial vehicles - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Vehicle Type
      • Exhibit 54: Market opportunity by Vehicle Type ($ million)
      • Exhibit 55: Data Table on Market opportunity by Vehicle Type ($ million)

    7 Market Segmentation by Axle Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Axle Type - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Axle Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Axle Type
      • Exhibit 58: Chart on Comparison by Axle Type
      • Exhibit 59: Data Table on Comparison by Axle Type
    • 7.3 Drive axle - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Drive axle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Drive axle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Drive axle - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Drive axle - Year-over-year growth 2022-2027 (%)
    • 7.4 Dead axle - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Dead axle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Dead axle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Dead axle - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Dead axle - Year-over-year growth 2022-2027 (%)
    • 7.5 Lifting axle - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Lifting axle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Lifting axle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Lifting axle - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Lifting axle - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Axle Type
      • Exhibit 72: Market opportunity by Axle Type ($ million)
      • Exhibit 73: Data Table on Market opportunity by Axle Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 American Axle and Manufacturing Holdings Inc.
              • Exhibit 127: American Axle and Manufacturing Holdings Inc. - Overview
              • Exhibit 128: American Axle and Manufacturing Holdings Inc. - Business segments
              • Exhibit 129: American Axle and Manufacturing Holdings Inc. - Key offerings
              • Exhibit 130: American Axle and Manufacturing Holdings Inc. - Segment focus
            • 12.4 BorgWarner Inc.
              • Exhibit 131: BorgWarner Inc. - Overview
              • Exhibit 132: BorgWarner Inc. - Business segments
              • Exhibit 133: BorgWarner Inc. - Key news
              • Exhibit 134: BorgWarner Inc. - Key offerings
              • Exhibit 135: BorgWarner Inc. - Segment focus
            • 12.5 Cardone Industries Inc.
              • Exhibit 136: Cardone Industries Inc. - Overview
              • Exhibit 137: Cardone Industries Inc. - Product / Service
              • Exhibit 138: Cardone Industries Inc. - Key offerings
            • 12.6 Carraro SpA
              • Exhibit 139: Carraro SpA - Overview
              • Exhibit 140: Carraro SpA - Product / Service
              • Exhibit 141: Carraro SpA - Key offerings
            • 12.7 Cummins Inc.
              • Exhibit 142: Cummins Inc. - Overview
              • Exhibit 143: Cummins Inc. - Business segments
              • Exhibit 144: Cummins Inc. - Key offerings
              • Exhibit 145: Cummins Inc. - Segment focus
            • 12.8 Dana Inc.
              • Exhibit 146: Dana Inc. - Overview
              • Exhibit 147: Dana Inc. - Business segments
              • Exhibit 148: Dana Inc. - Key news
              • Exhibit 149: Dana Inc. - Key offerings
              • Exhibit 150: Dana Inc. - Segment focus
            • 12.9 Dorman Products Inc.
              • Exhibit 151: Dorman Products Inc. - Overview
              • Exhibit 152: Dorman Products Inc. - Product / Service
              • Exhibit 153: Dorman Products Inc. - Key offerings
            • 12.10 GESTAMP AUTOMOCION SA
              • Exhibit 154: GESTAMP AUTOMOCION SA - Overview
              • Exhibit 155: GESTAMP AUTOMOCION SA - Business segments
              • Exhibit 156: GESTAMP AUTOMOCION SA - Key offerings
              • Exhibit 157: GESTAMP AUTOMOCION SA - Segment focus
            • 12.11 Hyundai Motor Group
              • Exhibit 158: Hyundai Motor Group - Overview
              • Exhibit 159: Hyundai Motor Group - Business segments
              • Exhibit 160: Hyundai Motor Group - Key offerings
              • Exhibit 161: Hyundai Motor Group - Segment focus
            • 12.12 Magna International Inc.
              • Exhibit 162: Magna International Inc. - Overview
              • Exhibit 163: Magna International Inc. - Business segments
              • Exhibit 164: Magna International Inc. - Key news
              • Exhibit 165: Magna International Inc. - Key offerings
              • Exhibit 166: Magna International Inc. - Segment focus
            • 12.13 Melrose Industries Plc
              • Exhibit 167: Melrose Industries Plc - Overview
              • Exhibit 168: Melrose Industries Plc - Business segments
              • Exhibit 169: Melrose Industries Plc - Key offerings
              • Exhibit 170: Melrose Industries Plc - Segment focus
            • 12.14 Mercedes Benz Group AG
              • Exhibit 171: Mercedes Benz Group AG - Overview
              • Exhibit 172: Mercedes Benz Group AG - Product / Service
              • Exhibit 173: Mercedes Benz Group AG - Key offerings
            • 12.15 Robert Bosch GmbH
              • Exhibit 174: Robert Bosch GmbH - Overview
              • Exhibit 175: Robert Bosch GmbH - Business segments
              • Exhibit 176: Robert Bosch GmbH - Key news
              • Exhibit 177: Robert Bosch GmbH - Key offerings
              • Exhibit 178: Robert Bosch GmbH - Segment focus
            • 12.16 Talbros Automotive Components Ltd.
              • Exhibit 179: Talbros Automotive Components Ltd. - Overview
              • Exhibit 180: Talbros Automotive Components Ltd. - Product / Service
              • Exhibit 181: Talbros Automotive Components Ltd. - Key offerings
            • 12.17 ZF Friedrichshafen AG
              • Exhibit 182: ZF Friedrichshafen AG - Overview
              • Exhibit 183: ZF Friedrichshafen AG - Business segments
              • Exhibit 184: ZF Friedrichshafen AG - Key news
              • Exhibit 185: ZF Friedrichshafen AG - Key offerings
              • Exhibit 186: ZF Friedrichshafen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 187: Inclusions checklist
                • Exhibit 188: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 189: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 190: Research methodology
                • Exhibit 191: Validation techniques employed for market sizing
                • Exhibit 192: Information sources
              • 13.5 List of abbreviations
                • Exhibit 193: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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