According to a new market report published by Transparency Market Research “Rear Axle Commodity Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” the market was valued at USD 35,837.4 million in 2013, which is expected to reach USD 45,997.4 million by 2020; growing at a CAGR of 3.7% from 2014 to 2020.

Browse the full Rear Axle Commodity Market Report @ :
http://www.transparencymarketresearch.com/rear-axle-commodity-market.html

Exponential growth in demand for rear axles, owing to increasing demand for automobiles is one of the major factors fueling the demand in the rear axle commodity market. The rear axle commodity market has been classified into three segments based on type. These include drive axle, dead or lazy axle and lift axle. In addition, the rear axle commodity market has been segmented into heavy vehicles, luxury vehicles, executive vehicles, economy vehicles, SUV’s, MUV’s and railways on the basis of applications.

Drive axle held the largest market share in the rear axle commodity market. Drive axle is the axle that is driven by the engine and therefore, it is required in all vehicles. Among the various application segments, the economy vehicles segment held the largest market share. Increasing demand for fuel-efficient passenger vehicles with high comfort and safety among developing countries of Asia Pacific is one of the major factors fueling demand in the rear axle commodity market. India and China are the major markets for passenger vehicles in the Asia Pacific. Moreover, the increasing stringent emission norms across various countries are also expected to boost the demand for improved and light-weight rear axles during the forecast period.

Browse the full Rear Axle Commodity Market Press Release @ :
http://www.transparencymarketresearch.com/pressrelease/rear-axle-commodity-market.htm

In 2013, Asia Pacific accounted for the largest market share in the rear axle commodity market as there has been exponential growth in the automobile industry in the region. However, with increasing amount of disposable income Asia Pacific is one of the fastest growing regional markets.

American Axle & Manufacturing Holdings Inc., Dana Holding Corporation, Meritor Inc. and Magna International among others are some of the key players in the rear axle

commodity market. The market has been segmented as follows:

Rear Axle Commodity: By geography
North America
Europe
Asia Pacific
Rest of the World

The report provides a cross-sectional analysis of all the below mentioned segments with respect to the above mentioned regions.

Rear Axle Commodity Market: By Type
Drive Axle
Dead Axle or Lazy Axle
Lift Axle

Rear Axle Commodity Market: By Application
Heavy Vehicles
Luxury Vehicles
Executive Vehicles
Economy Vehicles
SUV’s
MUV’s
Railways

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