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Automotive Wheel Spindle Market - Global Growth, Trends and Forecast (2022- 2027) By Types, By Application, By Regions and By Key Players: GKN, NTN, SDS, Dana, Nexteer, Hyundai-Wia, IFA Rotorion, Meritor, AAM, Neapco

09 Feb, 2022 | 180 Pages
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The Automotive Wheel Spindle market is projected to grow at a CAGR of 5.8% from 2022 to 2027.



Automotive Wheel Spindle Market Overview



The automotive wheel spindle is a part of the suspension system which transmits the hub for the wheel, attaches the upper & lower control arms, holds the ball joints, springs, and steering together. Moreover, in most vehicles, the front brake caliper is also mounted on the spindle. The wheel spindles are made up of medium carbon steel which contains 30-45% carbon. Wheel spindles are the most essential components in vehicles that help them to run smoothly and stably. The wheel hub spindle is responsible for attaching the wheel to the car. A wheel hub assembly is a pre-assembled unit that features precision bearings, seals, and sensors; thus, the wheel hub spindle is a critical part of the steering system contributing to the safe steering and handling of the vehicle.



Macroeconomic and demographic trends, such as speedy urbanization, increasing incomes, and increased participation of women and youth in the labor force, have contributed to the rise in demand for mobility. Sales of passenger cars, globally, has reached 64 million units in 2019, from 49 million units in 2009, which is a 31% surge during these 10 years. Consequently, a rise in the demand for automobiles is estimated to boost the automotive wheel hub in the market. The rising average age of vehicles, worldwide, is likely to increase the demand for automotive wheels in the automotive aftermarket.  





Industry News and Updates



January 23, 2019: Hyundai Wia Develops World’s First Integrated Drive Axle-- 

Hyundai Wia has developed an innovative automobile drive shaft that simplifies the process of transmitting power from the transmission to the wheel bearings of a car. The company, an affiliate of Hyundai Motor Group that produces auto parts and machine tools, said its integrated drive axle (IDA) has changed the structure of the conventional automobile drive shafts that has lasted over 100 years.



What are the major Applications, Types, and Regions for Automotive Wheel Spindle Market?



Automotive Wheel Spindle Market is segmented based on the type, applications, companies and regions.



By Type, it is segmented into




  • Non-driven wheel

  • Driven wheel



By Applications, it is segmented into




  • Passenger Vehicle (Ex. SUV)

  • SUV & Truck

  • Commercial Vehicle (Ex. Truck)



Automotive Wheel Spindle Market Regional Analysis



Asia Pacific is predicted to be a prominent contributor to the automotive wheel spindle market's growth. The Automobile Wheel Spindle Market is dominated by countries in Southeast Asia, such as India, ASEAN, Japan, and China. The global demand for automobile wheel spindles has increased due to increased urbanisation, rising household incomes, and technological improvement in Asia Pacific Regions.



North America is predicted to have a strong growth in the Automotive Wheel Spindle Market due to increased sales of electric passenger cars and investments in electrification in the automotive sector. Europe is expected to be a moderate growth market for automotive wheel spindles due to an already established market of private vehicles, with public and commercial vehicles leading market growth. Because the economy is quickly developing in terms of automobile production and new investment in the expansion of the automotive sector, the Middle East and Africa region is also a potential market for automotive spindles.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Automotive Wheel Spindle Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Automotive Wheel Spindle Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Automotive Wheel Spindle Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 5.8% over the forecast period (2022-2027)



By Type




  • Non-driven wheel

  • Driven wheel



By Application




  • Passenger Vehicle (Ex. SUV)

  • SUV & Truck

  • Commercial Vehicle (Ex. Truck)



By Companies



GKN, NTN, SDS, Dana, Nexteer, Hyundai-Wia, IFA Rotorion, Meritor, AAM, Neapco, JTEKT, Yuandong, Wanxiang, Showa, Lingyun, Guansheng, GNA Enterprises, Fawer, Hengli, Danchuan, Lantong, Talbros Engineering, Dongfeng, Golden, Sinotruk



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



180



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Automotive Wheel Spindle Report




  • Evaluate Automotive Wheel Spindle market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.

  • Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Automotive Wheel Spindle market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.



Frequently Asked Questions



What is the growth rate of Automotive Wheel Spindle Market?



The Automotive Wheel Spindle Market is growing at a CAGR of 5.8% over the next 5 years.



Who are the key players in Automotive Wheel Spindle Market?



GKN, NTN, SDS, Dana, Nexteer, Hyundai-Wia, IFA Rotorion, Meritor, AAM, Neapco, JTEKT, Yuandong, Wanxiang, Showa, Lingyun, Guansheng, GNA Enterprises, Fawer, Hengli, Danchuan, Lantong, Talbros Engineering, Dongfeng, Golden, Sinotruk



What are the significant types of Automotive Wheel Spindle Market?



Non-driven wheel, Driven wheel



What are the major end-use applications of Automotive Wheel Spindle Market?



Passenger Vehicle (Ex. SUV), SUV & Truck, Commercial Vehicle (Ex. Truck)



On the basis of application, Which segment is likely to hold the major share in the Automotive Wheel Spindle Market?



Passenger Vehicle segment to hold the largest share in Automotive Wheel Spindle market.



All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL AUTOMOTIVE WHEEL SPINDLE MARKET BY APPLICATIONS

    3. GLOBAL AUTOMOTIVE WHEEL SPINDLE MARKET BY TYPES



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR AUTOMOTIVE WHEEL SPINDLE



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. AUTOMOTIVE WHEEL SPINDLE GROWTH

      2. APPLICATION OF AUTOMOTIVE WHEEL SPINDLE



    4. IMPACT OF COVID 19



  5. GLOBAL AUTOMOTIVE WHEEL SPINDLE MARKET, BY TYPES

    1. Non-driven wheel

    2. Driven wheel



  6. GLOBAL AUTOMOTIVE WHEEL SPINDLE MARKET, BY APPLICATION

    1. Passenger Vehicle (Ex. SUV)

    2. SUV & Truck

    3. Commercial Vehicle (Ex. Truck)



  7. GLOBAL AUTOMOTIVE WHEEL SPINDLE MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. GKN

      2.  NTN

      3.  SDS

      4.  Dana

      5.  Nexteer

      6.  Hyundai-Wia

      7.  IFA Rotorion

      8.  Meritor

      9.  AAM

      10.  Neapco

      11.  JTEKT

      12.  Yuandong

      13.  Wanxiang

      14.  Showa

      15.  Lingyun

      16.  Guansheng

      17.  GNA Enterprises

      18.  Fawer

      19.  Hengli

      20.  Danchuan

      21.  Lantong

      22.  Talbros Engineering

      23.  Dongfeng

      24.  Golden

      25.  Sinotruk





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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