Global Rear Axle Market is expected to reach USD 57.77 billion by 2024. Rear axle is also termed as driving axle. It lies between driving wheels and the differential gear that transmits torque/power from the propeller shaft or directly from the gearbox to the driving wheels. The rear axle market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
The factors that are playing a major role in the growth of rear axle market are growing transport infrastructure and rising production of trailers and trucks with lightweight components. However, high production cost may restrain overall market growth in the years to come. Rear axle market is segmented based on type, application, and region. Lift, drive, dead rear axle are the types that could be explored in Rear Axle in the forecast period. The “dead rear axle” sector is estimated to grow at the highest CAGR in the years to come. The reason behind the overall market growth could be growing transportation infrastructure and is exclusively used in specific heavy construction machinery, heavy trailers and trucks, and farm machinery mainly for load bearing purpose. Browse the Full Global Rear Axle Market - Global Scenario, Industry Outlook, Analysis, Size, Trends and Forecast, 2015 To 2024 Report at - https://www.millioninsights.com/industry-reports/rear-axle-market The market may be categorized based on applications like railways, heavy vehicles, MUV, luxury vehicles, SUV, executive vehicles, economy vehicles, and others could be explored in Rear Axle in the forecast period. The heavy vehicles sector accounted for the substantial market share of Rear Axle and is estimated to continue its dominance in the years to come. The reason behind the overall market growth could be it advances customer loyalty and services toward heavy vehicles. Also, luxury vehicles sector is estimated to grow at highest CAGR in the years to come. Globally, North America accounted for the significant market share of Rear Axle and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in this region and a huge investment in All Wheel Drive (AWD) vehicles. The United States is a major consumer of Rear Axle and is estimated to lead the overall market in the years to come. Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise rising manufacturing units of the rear axle in developing countries like China, Japan, and Korea. The key players of rear axle industry are ROC Spicer Ltd., American Axle & Manufacturing Holdings, Daimler Trucks North America LLC, Dana Holding Corporation, Meritor, Inc., Automotive Axles Limited, Talbros Engineering Limited, and GNA Axles Ltd. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition. Request a Free Sample Copy of Rear Axle Market Report @ https://www.millioninsights.com/industry-reports/rear-axle-market/request-sample Market Segment: Rear Axle Type Outlook (Revenue, USD Million; 2015 - 2024) • Drive • Dead • Lift Rear Axle Application Outlook (Revenue, USD Million; 2015 - 2024) • Heavy vehicles • Luxury vehicles • Executive vehicles • Economy vehicle • SUV • MUV • Railways Rear Axle Regional Outlook (Revenue, USD Million; 2015 - 2024) • North America • Europe • Asia Pacific • RoW To read more reports of this category, Visit our blog: https://automotivemarketresearchreportss.blogspot.com
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Automotive LiDAR Market Will Grow Due To The Increasing Demand For Advanced Safety Features5/6/2021 The global Automotive LiDAR Market size is expected to value at USD 223.2 million by 2024. The market is subject to witness a substantial growth due to the increasing demand for advanced safety features in both lightweight and heavyweight vehicles, and mandatory administrative regulations for incorporation of safety measures such as AEB braking systems installations, majorly in the developed economies such as U.S. and the UK. Rise in the integration of safety systems in both autonomous and semi-autonomous vehicles owing to increasing demand from end-user is expected to drive the growth of automotive LiDAR market over the forecast period.
High-end demand for automation in booming automobile industry at various levels of vehicle production is expected to draw huge investment from industry participants, thereby propelling market growth across the globe in the years to come. Globally, the automotive LiDAR industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market. Request a Free Sample Copy of Automotive LiDAR Market Report @ https://www.millioninsights.com/industry-reports/automotive-lidar-market/request-sample LiDAR or LADAR is widely accepted surveying method that determines target distance by exemplifying the target area with pulsed laser light. LiDAR, which stands for light detection and ranging measures the reflected pulses from target location with a sensor. LiDAR displays digital 3-D representations of the target to the user. LiDAR is also used for laser scanning and 3-D scanning for application such as automotive and mobile applications. These factors are expected to offer high market potential in the Asia Pacific countries. The stringent government laws & regulation in regards to incorporation of safety systems in a vehicle is critical factor for market growth, in the recent years. Automotive LiDAR along with advanced driver-assistance system offer a full-proof collision avoidance system, which is consists of software and hardware interfaces. With reduction in the cost of hardware and addition of advanced front & rear cameras and radar is anticipated to drive demand for automotive LiDAR. Advent of cost-efficient software solution is estimated to offer an alternative source of revenue for service providers in automotive LiDAR industry. The automotive LiDAR market is broadly categorized into two major segments based on end-user application such as advanced driver-assistance system (ADAS) and autonomous cars segment. The advanced driver-assistance system (ADAS) is considered as one of the fastest growing segment in the automotive LiDAR industry with substantial revenue generation in the last couple of years. The advanced driver-assistance system (ADAS) is further divided into two sub-segments such as Automatic Emergency Braking (AEB) and Adaptive Cruise Control (ACC). The Adaptive Cruise Control (ACC) sub-segment has witnessed massive growth, in the last few years, owing to the surging incorporation of automation technologies in the car driving and safety technologies. The advanced driver-assistance system (ADAS) offer short-range and long-range radars for vehicles, which is highly preferred while parking and transferring active cruise controls. LiDAR (light detection and ranging) allows 3D mapping of surrounding area with the help of dead reckoning sensors and perform odometry operations. The ultrasound aspect of advanced driver-assistance system (ADAS) helps in parking, pedestrian detection and other obstacle detection. For further inquiries, about - Global Automotive LiDAR Industry Analysis, Size, Growth, Trends and Forecast 2014 - 2024, click on this link – https://www.millioninsights.com/industry-reports/automotive-lidar-market The automotive LiDAR market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in automotive industry, higher approval rate on the account of administrative regulations, mandate installation of automobile safety systems in both lightweight and heavyweight vehicles, and existence of well-established automotive industry in the region. Asia-Pacific region is predicted to hold major market share in the automotive LiDAR with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with increasing adoption of LiDAR sensors in dynamic remote sensing applications and collision avoidance technologies, favorable government laws & regulations and significant investment by the leading industry players considering potential growth opportunities in the region. The key players in the automotive LiDAR industry are Continental AG, Denso Co., LeddarTech, Velodyne LiDAR, Inc., Novariant, Inc., Robert Bosch GmbHand Quanergy Systems, Inc. Market Segment: LiDAR Application Type Outlook (Revenue, USD Million, 2014 - 2024) • Advanced Driver Assistance Systems(ADAS) • Automatic Emergency Braking (AEB) • Adaptive Cruise Control (ACC) • Autonomous Cars LiDAR Regional Outlook (Revenue, USD Million, 2014 - 2024) • North America • U.S. • Canada • Europe • Germany • UK • Asia Pacific • China • India • Japan • Latin America • Brazil • Mexico • The Middle East & Africa To read more reports of this category, Visit our blog: https://automotivemarketresearchreports.tumblr.com The global Fire Trucks Market size is expected to value at USD 7.41 Billion by 2024. The market is subject to witness a substantial growth due to increasing focus towards fire safety and growing demand for advanced firefighting tools, particularly in the developed economies across the globe. Mass production of fire trucks has led to sale of sixteen thousand units in fiasco year. Rising prevalence of fire breakout incidences and high-end demand for effective transportation solution for firefighters are expected to boost the growth of fire truck market over the next seven years. Globally, the fire trucks industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the market.
Advanced application of water trucks is the fire fighter department. Specialized trucks with automated systems are used for fire prevention, which are equipped with motors and various gears. Public use of water trucks has found major preference in recent years to supply water in large quantities in areas having low water availability. The key function of a fire truck involves transportation of firefighters. Fire trucks also carry necessary equipment and water with chemical composition to deal with a fire incident. Request a Free Sample Copy of Fire Trucks Market Report @ https://www.millioninsights.com/industry-reports/fire-truck-market-size/request-sample Favorable government laws & regulation to employ and promote use of fire trucks for medical emergency services and rescue operations are expected to stimulate market growth. The recent technological advancements in the field of fire apparatus and related equipment coupled with development of novel products such as aerial fire apparatus and fire engine are helping to lower the fatality rate in fire-related incidents. Development of wild land fire engine and wild land water tender are expected to widen scope of the fire trucks market over the forecast period. The fire truck industry is broadly categorized into three major segments based on end-user application such as residential & commercial segment, enterprises & airports segments, military segment, and others. The residential & commercial application is considered as one of the fastest growing segment in the fire truck market with substantial revenue generation in the last couple of years. Growing demand for fire trucks from residential & commercial segment is attributed to growing global population and rapid urbanization. In addition, the residential & commercial application segment saw massive boom, in last few years, majorly in the in developed economies such as the U.K., France, the U.S. and Canada. Enterprises & airports segment has also witnessed substantial growth, in the recent years, owing to the rising number of Aircraft Rescue Fire Fighting (ARFF) vehicles to perform airport safety and rescue operations. Enterprises & airports segment is expected to generate higher revenue over next seven years, due to the increasing number of airports and air passenger traffic. Browse the Full Global Fire Trucks Market - Global Scenario, Industry Outlook, Analysis, Size, Trends and Forecast, 2011 To 2024 Report at - https://www.millioninsights.com/industry-reports/fire-truck-market-size The fire trucks industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies, favorable government regulations, substantial requirement of advanced safety infrastructure, and existence of well-established industrial infrastructure in the region. Asia-Pacific region is predicted to hold major market share in the fire trucks with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with presence of key low-cost manufacturers, rising demand from commercial & residential sector, high production capacity and supply, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the fire truck industry are Danko Emergency Equipment Co., Emergency One Incorporated, Spartan Motors, Inc., Xuzhou Handler Special Vehicle Co., Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., BrontoSkylift Oy, J. Morita Co., Boise Mobil Equipment, Inc., Alexis Fire Equipment Co., W. S. Darley & Co., KME Co., Albert Ziegler GmbH, and Gimaex International Co. Market Segment: Fire Trucks Application Outlook (Volume, Units; Revenue, USD Million, 2011 - 2024) • Residential & Commercial • Enterprises & Airports • Military • Others Fire Trucks Regional Outlook (Volume, Units; Revenue, USD Million, 2011 - 2024) • China • North America • Europe, Middle East & Africa (EMEA) • Asia Pacific • Rest of the World To read more reports of this category, Visit our blog: https://automotivemarketreports.home.blog |
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