According to a new market report published by Credence Research Inc “Heavy Axles Market was valued at US$ 10.7 Bn in 2016, and is expected to reach US$ 14.8 Bn by 2024, expanding at a CAGR of 4.2% from 2016 to 2024.
The purpose of the report is to illustrate the state of the market of Heavy Axles, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2016, and also, to build a forecast for the growth of the industry in the medium term until 2024.
As of 2016, the global heavy vehicle axles market is dominated by the rear axle segment. The segment contributed nearly 61.9% of the total market volume. This is due to the fact that most of the heavy off-highway vehicles have rear axle as their drive axle. The overall rising trend of constructing multiple wheel-ends for better efficiency and load stability, the rear axle segment growth is expected to remain strong throughout the forecast period. Contrarily, due to limited use of front axle as a drive axle (typically in 4-wheel drive) the segment share is expected to remain low throughout the forecast period.
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- AxleTech International
- KG Industries Ltd.
- Meritor, Inc
- Automotive Axles Limited (AAL)
- Dana Limited
- Dromos, SRL and Kessler + Co
- Oerlikon Graziano SpA
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Heavy Axles buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
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What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Heavy Axles contains:
Analysis and forecast of Heavy Axles market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Heavy Axles market;
Assessment and forecast of Heavy Axles market development;
Financial and business profiles of the leading companies in the Heavy Axles industry.
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– Up to date working Heavy Axles data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Heavy Axles for the period 2018 to 2026
– Planned Heavy Axles additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Heavy Axles projects by region, key countries, and companies
– Details of major planned Heavy Axles projects in the world up to 2026
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