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Automotive Stub Axle Market Expected To Grow At 7.3% CAGR Throughout 2017-2021
An axle is a central shaft for a rotating wheel or gear. On wheeled vehicles, the axle may be fixed to the wheels, rotating with them, or fixed to the vehicle, with the wheels rotating around the axle. In the former case, bearings or bushings are provided at the mounting points where the axle is supported.
The global vehicle production is the major factor to govern Automotive Stub Axle market, according to a brand new research, the global Automotive Stub Axle market expected to grow at 7.3% CAGR throughout 2017-2021.
As the production of passenger cars and light commercial vehicles is the main factor to grow the Automotive Stub Axle market, worldwide automobile production exceed 90 million in 2015, and 93 million automobiles were produced in 2016; some 68.56 million cars were produced worldwide and about 22.12 million such vehicles were produced globally in 2015, under increasing production of vehicles, the global Automotive Stub Axle Market is estimated to reach a revenue of 11.1 $Billion by 2020.


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……………………In addition, the engineering advancements with an aim to deliver highest vehicle performance will also play a key driver to fuel the Automotive Stub Axle market.
In terms of geography, Asia Pacific comprises of developing economies such as India and China, which are major global markets for automobile production. Global OEMs are investing in these countries, given the new market opportunities arising from growing economies, rising vehicle production levels as well as globally competitive automotive manufacturing hub.
Global top manufacturers operating in Automotive Stub Axle market are Meritor, Inc., ZF Friedrichshafen AG, American Axle & Manufacturing Holdings, Inc., Dana Incorporated, GKN PLC, Showa Corporation, Hyundai Wia Corporation, Gestamp, Jtekt Corporation, IFA Rotorion – Holding GmbH, RSB Group among others.
Global Automotive Stub Axle market share by region as following:

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Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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Joanna | Executive - International Business and partner Relations
E-mail: [email protected] 
Tel: 001-510-400-8520
Web: www.gosreports.com