DUBLIN--(BUSINESS WIRE)--Aug 21, 2018--The "Rear Axle Commodity Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global rear axle commodity market to grow with a CAGR of 4.1% over the forecast period of 2018-2024.

Increasing need for fuel efficient vehicles along with light weight automotive parts are the factors driving the growth of the rear axles commodity market.

However, hike in fuel prices, expensive vehicle cost and inflation in various countries is likely to affect the sales of the rear axle commodity market.

On the other hand, the suppliers are working together with the automobile manufacturers to develop improved and efficient products.

Furthermore, the demand for passenger vehicles is expected to provide several growth opportunities for the key players in the rear axle's commodity market.

In addition, need for compliance with various emissions norms, changing consumer demand along with safety comfort and security needs are enhancing the demand for the rear axle's commodity market over the years to come.

Among the geographies, Europe holds the largest share in the rear axle's commodity market followed by Asia pacific.

Moreover, leading companies are setting up manufacturing plants in countries such as China, India, and Brazil along with Russia and countries in Eastern Europe due to the low cost of manufacturing vehicles.

Moreover, the increasing demand for All Wheel Drive (AWD) vehicles is anticipated to serve as a great opportunity for the rear axle manufacturers in the Europe and North American regions.

Key Topics Covered

1. Preface

2. Executive Summary

3. Global Rear Axle Commodity Market Overview

4. Global Rear Axle Commodity Market by Type

5. Global Rear Axle Commodity Market by Application

6. Global Rear Axle Commodity Market by Region 2018-2024

7. Companies Covered

Daimler Trucks North America LLC ROC Spicer Limited Talbros Engineering Limited GNA Axles Limited Meritor Inc. American Axle Manufacturing Inc.

For more information about this report visit https://www.researchandmarkets.com/research/mrh9dq/rear_axle?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180821005585/en/

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Related Topics:Automotive Drivetrain and Transmission Components

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/21/2018 01:35 PM/DISC: 08/21/2018 01:35 PM

http://www.businesswire.com/news/home/20180821005585/en