Transparency Market
Research has published a new report that presents a comprehensive
overview of the global real axle commodity market. The report
provides insights into the factors driving the global real axle
commodity market and the restraints that the market is likely to face
in the forthcoming years. The report is titled “Rear
Axle Commodity Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2014 - 2020” and is available
on the company website for sale.
The automotive
sector is one of the booming sectors currently, and is expected to
witness significant growth during the forecast period. The automotive
sector is presently more inclined towards customer safety and comfort
as well as improved performance. In addition, emission norms passed
in various regions is fueling the usage of light-weight rear axles in
the automotive sector.
Rear Axle is one of
the most important components used in a vehicle’s manufacturing
process. A drive axle system is driven by the engine where the axle
transmits torque to the wheel. It also maintains the proximity of the
wheels relative to one another when the vehicle is in motion. The
rear axles also ensure the stability in vehicles by distributing the
weight of the vehicle equally in all its part. A non-driving axle
such as the dead axle in heavy vehicles and light trucks do not have
shafts and serves only as a steering component and suspension.
Get FREE Sample
PDF file of Rear Axle Commodity Market :
Drive axle, dead
axle and lift axle are the major types of rear axle commodities used
in vehicles. The application and use of rear axles in railways is
also of utmost significance. Straight rear axles are used for the
engine of the trains and straight dead axles are used for the wagons.
A straight axle is a rigid shaft which connects the left side of the
wheel to the right side. This ensures the fixed axis rotation of both
the wheels and such design keep the wheels stable under difficult
situations.
The major type of
rear axles is applicable in all vehicles and therefore the increasing
demand for automobiles is directly driving the market for rear axle
components. Need for compliance with various emission norms, changing
customer demands along with safety, and comfort and security needs
are boosting the demand for rear axles. Moreover, the demand for
luxury vehicles and passenger vehicles is expected to experience
exponential growth owing to higher amount of disposable income in
developing regions fueling the demand for automotive components
including rear axles. Furthermore, growing demand for fuel-efficient
vehicles with light-weight rear axle components is also expected to
drive the rear axle commodity market globally.
Major market
participants profiled in this report include American Axle
Manufacturing Inc., (U.S.), Meritor Inc., (U.S.), GNA Axles Limited
(India), Talbros Engineering Limited (India), ROC Spicer Limited
(Taiwan) and Daimler Trucks North America LLC (U.S.).
MORE INFORMATION
: http://www.tmrblog.com/2015/08/rear-axle-commodity-market.html
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