The market for heavy axles used in off-highway vehicles was estimated US$ 10.7 Bn in 2016 which is expected to reach US$ 14.8 Bn by 2024 at a CAGR of 4.2% through the forecast period. This rise in demand for heavy axle used in off-highway vehicles is primarily attributed to rising demand for wheeled construction and mining equipment supported by increasing investment in construction and mining sectors. In addition, increasing mechanization of agricultural sector to meet rising demand of food and other agricultural production is influencing the production of agricultural machineries. All these factors represents a positive outlook for heavy axle manufacturers and vendors across the value chain of this industry.
The key factors influencing the growth of heavy axles market are the increasing production of off-highway vehicles such as agricultural machineries, construction and mining machineries and defense vehicles. This is primary research assisting the growth of heavy axles market. In addition, advancement in driven axle technology is also expected drive the growth of this market due rising demand for driven wheels. In order to increase the mechanization government of several countries have introduced several schemes to encourage farmers to buy agricultural machinery by offering attractive subsidy. This is increasing the demand for advanced agricultural machineries in emerging markets which represents positive outlook for heavy axle manufacturers.
1.1.1 USP and Key Offerings
The report titled “Heavy Axle Market- Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the overall heavy axle market along with the market size and estimates for the duration 2014 to 2024. The said research study covers in-depth analysis of multiple market segments based on type of wheel, technology and different geographies. The report include market estimates in terms of both revenue and volume for regional markets (North America, Europe, Asia Pacific and Rest of the world) as well as for major countries in the region.
In order to assist in strategic decision making, the report also includes competitive profiling of the leading players in heavy axles market, attractive investment proposition and, and market positioning of key vendors sections. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the treatment global heavy axles market, offering market size and estimates for the period from 2014 to 2024, keeping in mind the above-mentioned factors.
The global heavy axles market is classified into following categories:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
Chapter 2 Executive Summary
2.1 Global Heavy Axles Market Portraiture
2.2 Global Heavy Axles Market, by Wheel Type, 2016 & 2024 (Value %)
2.3 Global Heavy Axles Market, by Technology, 2016 (US$ Bn)
2.4 Global Heavy Axles Market, by Geography, 2016 (Value %)
Chapter 3 Global Heavy Axles Market Overview
3.1 Market Definition and Scope
3.1.1 Drivers
3.1.2 Challenges
3.1.3 Opportunities
3.3 Attractive Investment Proposition
3.4 Competitive Analysis: Global Heavy Axles Market, 2016 (Value %)
Chapter 4 Global Heavy Axles Market Analysis, By Wheel Type
4.1 Overview
4.2 Front Wheel
4.3 Rear Wheel
Chapter 5 Global Heavy Axles Market Analysis, by Technology
5.1 Introduction
5.2 Drive Axles
5.3 Non-Driven Axles
Chapter 6 Global Heavy Axles Market, Regional Analysis
6.1 Overview
6.1.1 Market Share Analysis by Geography, 2015 Vs 2024
6.2 North America Heavy Axles Market, 2014 – 2024, (US$ Bn)
6.2.1 North America Heavy Axles Market Revenue, By Country, 2014 – 2024 (US$ Bn)
6.2.1.1 U.S. Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.2.1.2 U.S. Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.2.1.3 Rest of North America Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.2.1.4 Rest of North America Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.2.2 North America Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.2.3 North America Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.3 Europe Heavy Axles Market, 2014 – 2024, (US$ Bn)
6.3.1 Europe Heavy Axles Market Revenue, By Country, 2014 – 2024 (US$ Bn)
6.3.1.1 UK Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.3.1.2 UK Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.3.1.3 Germany Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.3.1.4 Germany Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.3.1.5 France Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.3.1.6 France Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.3.1.7 Rest of Europe Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.3.1.8 Rest of Europe Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.3.2 Europe Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.3.3 Europe Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.4 Asia Pacific Heavy Axles Market, 2014 – 2024, (US$ Bn)
6.4.1 Asia Pacific Heavy Axle Market Revenue, By Country, 2014 – 2024 (US$ Bn)
6.4.1.1 Japan Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.4.1.2 Japan Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.4.1.3 China Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.4.1.4 China Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.4.1.5 India Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.4.1.6 India Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.4.1.7 Rest of Asia Pacific Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.4.1.8 Rest of Asia Pacific Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.4.2 Asia Pacific Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.4.3 Asia Pacific Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.5 Rest of the World Heavy Axles Market, 2014 – 2024, (US$ Bn)
6.5.1 Rest of the World Heavy Axle Market Revenue, By Region, 2014 – 2024 (US$ Bn)
6.4.1.1 Latin America Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.4.1.2 Latin America Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.4.1.3 Middle East and Africa Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.4.1.4 Middle East and Africa Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
6.4.2 RoW Heavy Axles Market Revenue, By Wheel Type, 2014 – 2024 (US$ Bn)
6.4.3 RoW Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
Chapter 7 Company Profiles
7.1 AxleTech International
7.2 KG Industries Ltd.
7.3 Meritor, Inc
7.4 Automotive Axles Limited (AAL)
7.5 Dana Limited
7.6 Dromos, SRL and Kessler + Co
7.7 Oerlikon Graziano SpA
List Of Tables :
TABLE 1 Global Heavy Axles Market, By Pump Functionality, 2014 – 2023 (US$ Bn)
TABLE 2 Heavy Axles Market, by Product Type, 2014 – 2024 (US$ Bn)
TABLE 3 North America Heavy Axles Market Revenue, By Country, 2014 – 2024 (US$ Bn)
TABLE 4 U.S. Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 5 U.S. Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 6 Rest of North America Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 7 Rest of North America Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 8 North America Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 9 North America Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 10 Europe Heavy Axles Market Revenue, By Country, 2014 – 2024 (US$ Bn)
TABLE 11 UK Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 12 UK Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 13 Germany Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 14 Germany Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 15 France Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 16 France Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 17 Rest of Europe Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 18 Rest of Europe Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 19 Europe Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 20 Europe Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 21 Asia Pacific Heavy Axles Market Revenue, By Country, 2014 – 2024 (US$ Bn)
TABLE 22 Japan Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 23 Japan Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 24 China Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 25 China Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 26 India Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 27 India Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 28 Rest of Asia Pacific Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 29 Rest of Asia Pacific Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 30 Asia Pacific Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 31 Asia Pacific Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 32 Rest of the World Heavy Axles Market, By Region, 2014 – 2023 (US$ Bn)
TABLE 33 Latin America Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 34 Latin America Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 35 Middle East and Africa Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 36 Middle East and Africa Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 37 Rest of the World Heavy Axles Market, By Wheel Type, 2014 – 2023 (US$ Bn)
TABLE 38 Rest of the World Heavy Axles Market Revenue, By Technology, 2014 – 2024 (US$ Bn)
TABLE 39 AxleTech International: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 40 KG Industries Ltd.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 41 Meritor, Inc: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 42 Automotive Axles Limited (AAL): Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 43 Dana Limited: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 44 Dromos, SRL and Kessler + Co: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 45 Oerlikon Graziano SpA: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
List Of Figures :
FIG. 1 Heavy Axles Market: Research Methodology
FIG. 2 Global Heavy Axles Market, by Wheel Type, 2016 & 2024 (Value %)
FIG. 3 Global Heavy Axles Market, by Technology, 2016 (US$ Bn)
FIG. 4 Global Heavy Axles Market, by Geography, 2016 (Value %)
FIG. 5 Attractive Investment Proposition: Global Heavy Axles Market, 2016
FIG. 6 Competitive Analysis: Global Heavy Axles Market, 2015 (Value %)
FIG. 7 Global Front Wheel Axle Market, 2014 - 2024 (US$ Bn)
FIG. 8 Global Rear Wheel Axle Market, 2014 - 2024 (US$ Bn)
FIG. 9 Global Driven Axles Market, 2014 – 2024 (US$ Bn)
FIG. 10 Global Non-driven Axles Market, 2014 – 2024 (US$ Bn)
FIG. 11 Market Share Analysis by Geography, 2015 Vs 2024 (%)
FIG. 12 North America Heavy Axles Market Revenue, 2014 – 2024 (US$ Bn)
FIG. 14 Europe Heavy Axles Market Revenue, 2014 – 2024 (US$ Bn)
FIG. 15 Asia Pacific Heavy Axles Market Revenue, 2014 – 2024 (US$ Bn)
FIG. 16 Rest of the World Heavy Axles Market Revenue, 2014 – 2024 (US$ Bn)
We have considered heavy axles used in following type of heavy vehicles:
Agricultural equipment accounts for the largest application segment for heavy axles. Potential equipment used across agriculture sector includes high power tractors, baling equipment and harvesting equipment among others. Modernizing agricultural practices in emerging economies may significantly spur the production of such equipment in the coming years. Construction equipment is the second largest application segment for heavy axles. The demand for construction operations to meet residential, commercial and industrial development needs particularly in urban areas is expected to boost the demand for construction equipment globally. This is expected to increase the production of construction equipment manufactured across the world. A rise in the housing and commercial construction projects will boost the demand for construction equipment and in turns for heavy axles.
The global heavy axles market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the world is further classified into South America, Africa and Middle East.
In addition, we have covered following major countries in each regional market:
Asia Pacific was the largest regional market for heavy axles in 2015 and expected to maintain its dominating position through the forecast period with increasing number of travelers particularly in India and China.
India is one of the largest tractor producers in the world and accounts for around 20% of the global tractor production. In 2015, India produced around 400,000 tractors out of this 350,000 units were sold in the domestic market and remaining were exported to Australia, Thailand, United States, Bangladesh, South Africa, Belgium and more than other 50 countries across the world. Heavy axles market in India is expected to witness considerable growth with increasing production of agricultural and construction machineries in the country.
