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Heavy Axles Market By Wheel (Front Wheel, Rear Wheel), By Technology (Drive Axles, Non-Driven Axles) – Growth, Future Prospects And Competitive Analysis 2016 – 2024

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Published: | Report ID: 6095 | Report Format : PDF

Market Insights

The market for heavy axles used in off-highway vehicles was valued at US$ 10.7 billion in 2016, with a CAGR of 4.2%, expected to reach US$ 14.8 billion by 2024. This rise in demand for heavy axles used in off-highway vehicles is primarily attributed to the rising demand for wheeled construction and mining equipment, supported by increasing investment in the construction and mining sectors. In addition, increasing mechanization of the agricultural sector to meet the rising demand for food and other agricultural production is influencing the production of agricultural machinery. All these factors represent a positive outlook for heavy axle manufacturers and vendors across the value chain of this industry.

The key factors influencing the growth of the heavy axle market are the increasing production of off-highway vehicles such as agricultural machines, construction and mining machines, and defense vehicles. This is primary research assisting the growth of the heavy axle market. In addition, advancements in driven axle technology are also expected to drive the growth of this market due to the rising demand for driven wheels. In order to increase the mechanization of agriculture, the governments of several countries have introduced several schemes to encourage farmers to buy agricultural machinery by offering attractive subsidies. This is increasing the demand for advanced agricultural machinery in emerging markets, which represents a positive outlook for heavy axle manufacturers.

The report also includes sections on the competitive profiling of the leading players in the heavy axles market, appealing investment propositions, and market positioning of key vendors to aid in strategic decision-making.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the heavy axle industry
  • Market influencing factors, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Historical 3-year market size data (2014–2016)
  • Market Forecast for the Period 2016–2024
  • Market Investment Proposition: Key Investment Segments
  • Company profiles of leading players in the global heavy axle industry (including financial overview, product portfolio, recent developments, and major competitors)

Overall, the research study provides a holistic view of the 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 market for heavy axles is classified into the following categories:

Wheel Style

  • Front Wheel
  • Rear Wheel

By Technology

  • Driven
  • Non-driven

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

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 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)

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)

Frequently Asked Questions

What is the size of Heavy Axles Market?

The market for Heavy Axles Market is expected to reach US$ 14.8 Bn by 2024.

What is the Heavy Axles Market CAGR?

The Heavy Axles Market is expected to see significant CAGR growth over the coming years, at 4.2%.

What is the Forecast period considered for Heavy Axles Market?

The report is forecasted from 2016-2024.

What is the base year considered for Heavy Axles Market?

The base year of this report is 2015.

Who are the major players in this market?

AxleTech International, KG Industries Ltd., Meritor, Inc, Automotive Axles Limited (AAL), Dromos, SRL and Kessler + Co. are some of the major players in the global market.

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