Commercial Vehicle Demand and EV Adoption Accelerate the Global Automotive Axles Market to 2027

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Aug 01, 2023, 20:15 ET

DUBLIN, Aug. 1, 2023 /PRNewswire/ -- The "Global Automotive Axles Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.

The automotive axles market is poised for substantial growth, with a projected increase of USD 21,994.05 million during the forecast period of 2022-2027, demonstrating an accelerated CAGR of 5.81%.

This forecast is detailed in a comprehensive report encompassing market analysis, trends, growth drivers, challenges, and vendor analysis covering approximately 25 key companies.

The automotive axles market is segmented as follows:

By Vehicle Type:

Passenger Cars
SUVs (Sports Utility Vehicles)
Light Commercial Vehicles
Heavy Commercial Vehicles
Others

By Axle Type:

Drive Axle
Dead Axle
Lifting Axle

By Geographical Landscape:

North America
APAC (Asia-Pacific)
Europe
South America
Middle East and Africa

The report identifies the following key factors driving the growth of the automotive axles market:

Increasing demand for commercial vehicles
Growing adoption of electric vehicles (EVs)
High growth volume for the premium vehicle segment

The report provides a comprehensive analysis of the automotive axles market, including:

Automotive axles market sizing
Automotive axles market forecast
Automotive axles market industry analysis

The report includes the following companies:

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.
ZF Friedrichshafen AG

For more information about this report visit https://www.researchandmarkets.com/r/jlslkm

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SOURCE Research and Markets