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(I-AutoNewsWire.com, September 05, 2019 ) Market Overview Rear axle is the last member of the powertrain. In most of the automobiles, the rear axle is the driving axle. It lies between driving wheels and the differential gear. Rear axle is the most critical component in a vehicle goes through a lot of mechanical wear and tear under challenging conditions. So, the quality of light-weight rear axles cannot be compromised. The rear axle manufacturers are trying to provide maximum comfort, safety, and cost advantage to the consumers buy their products. The suppliers are trying to offer light-weight rear axle components with higher axle ratios and low power losses under severe functioning conditions.
Market Dynamics The increase in demand for passenger vehicles is expected to grow due to the high disposable income in developing countries; this is driving the global automotive rear axle commodity market.. The increasing demand for all-wheel drive (AWD), with a powertrain capable of providing power to all its wheels at increased maneuvering. This has driven the global automotive rear axle commodity market. Rear Axle Commodity Market Restraints The increasing price of fuel in the upcoming years along with rising in the cost of automotive with latest axle technologies had been a significant restraint for global automotive rear axle commodity market.
Market Segmentation By product type The Half floating rear axle is at the center of the axle casing. The whole weight of the vehicle is first transmitted to suspension spring than to the axle casing, rear axle, wheel, and ground. Three quarter floating rear axle is on the outer side of casing between the wheel and the axle casing. The main advantage of this is that the significant part of the load is taken by the axle casing and not by the axle. It only takes care of the rotating and transmits the power. Banjo axle is a single shaft. The banjo axle construction is often used for lighter and smaller vehicles. Split axle shaft is used with the central housing contain the differential gear, and it is fitted with a tube on each side to carry the half axles and bearing. Key market segments covered By Type Full floating axle Semi-floating axle Three quarter floating axle By design type Banjo axle Split shaft Carrier axle By vehicle type Passenger car Commercial vehicle Heavy duty vehicle By Sales Channel OEM Aftermarket
Company Profiles Talbros Engineering Limited American Axle and Manufacturing Holdings, Inc. GNA Axles Ltd. Others
Geographical Analysis Asia Pacific Europe North America South America Rest of the World
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