ACCESS Newswire
24 Mar 2020, 19:01 GMT+10
Increasing concerns over decreasing carbon emissions propel the demand for wheel axles that enhance fuel efficiency.
ROCKVILLE, MD / ACCESSWIRE / March 24, 2020 / Exponential industrial production in developing countries coupled with surging demand for quality products in developed countries is increasing demand for logistic fleets across the globe. On this backdrop, the wheel axle market is expected to register tremendous growth during the forecast period. The global wheel axle market will be valued at over US$ 87 Bn by the end of 2029, finds a Fact.MR study.
'Multiplying growth in automotive production will continue to bolster growth for the wheel axle market. Market players are adopting strategic partnerships and mergers & acquisitions to garner profits,' says the Fact.MR Analyst.
Wheel Axle Market - Key Takeaways
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Wheel Axle Market - Key Driving Factors
Wheel Axle Market- Key Constraint
Uncertainty of raw material prices continues to pose a challenge for wheel axle manufacturers and end users in automotive industry verticals.
Explore the complete wheel axle market report with detailed market segmentation, 95 illustrative figures, and 84 data tables at -
https://www.factmr.com/report/4559/wheel-axle-market
Competitive Landscape
The competition in the wheel axle market is fairly fragmented, with major players proactively pursuing consolidation strategies. Research and development of fuel efficient wheel axle manufacturing will provide competitive advantage during the forecast period. Wheel axle manufacturers that may shape the competitive landscape are, but not limited to, Automotive Axles Ltd, Meritor, Rockwell American, GNA Axles Ltd, Daimler Trucks North America and ROC Spicer Ltd.
About the Report
This 170-page study offers readers a comprehensive market forecast of the wheel axle market. Global, regional and country level analysis of the latest industry trends impacting the wheel axle market are covered in this Fact.MR study. The report offers compelling insights on wheel axle market on the basis of end-use (vehicle (passenger car, LCV, and HCV), and Rail), drive type (below 300 Nm, 300-600 Nm, 600-900 Nm, 900-1200 Nm, 1200-1500 Nm, and above 1500 Nm), and across six regions (Middle East and Africa, South Asia & Oceania, East Asia, Europe, Latin America, North America).
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About Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at Fact.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the Automotive sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Fact.MR's latest automotive market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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PR- https://www.factmr.com/media-release/1338/global-wheel-axle-market
SOURCE: FactMR
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