Automotive Transaxle is a mechanical component that combines the function of transmission axle and differential into a single integrated assembly. The automotive transaxle receives torque from the engine and directly sends it to the drive axles. Short drive axles are used to connect the transaxle output to the drive wheels and hub. Automotive transaxle can be operated both manually and automatically. Most of the vehicles that have torque converters have automotive transaxle units because transaxles are compact in size which helps them to increase the performance of the vehicles.
Transaxles are used in front-engine front-wheel drive, front-engine rear-wheel drive, and rear-engine rear-wheel drive. Rise in the powerful and advanced vehicles have led the manufacturers of automotive transaxle to focus on lightweight materials which will help in weight reduction of the component which will simultaneously increase the fuel efficiency of the vehicle. Moreover, transaxle manufacturers are designing transaxle longitudinal transmission for front-wheel drive, rear-wheel drive and all-wheel drive and transaxle transmission for only front-wheel & all-wheel drive.
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FACTS AT A GLANCE
Companies: Toyota Motor Corporation, Magna International, Weddle Industries, Volkswagen Group, General Motors and Ford Motor Company, among others.
Coverage: All major geographies and key segments
Segments: Automotive Transaxle Market Segmented By Manual and Automatic operation with vehicle type such as Passenger Cars and Commercial Vehicles
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the trailer axle market over the forecast period.
The study is relevant for stakeholders in the trailer axle market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the trailer axle market can leverage the information and statistics presented in PMR’s research report.
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The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the trailer axle market. The study also offers actionable insights based on the future trends in the trailer axle market. Furthermore, regional players and new entrants in the trailer axle market can also use the information presented in this report to make business decisions and gain momentum in the market.
The automotive transaxle market is directly correlated with the production of automobiles. The prevalence of transaxle integrated vehicle grow with the increase in demand for front wheels drive vehicles. Its small compact design offer several benefits such as improved safety owing to increased weight in the front of the car.
This also helps in reduction of the drivetrain weight leading it to increase the efficiency of the vehicles. These factors are estimated to accelerate the growth of the market across the forecast period. One of the biggest advantage of transaxle is its engine and drive train noise is it central location in the engine compartment which helps for quieter operations.
Additionally, transaxle integrated vehicles offer a smooth ride due to its less unsprung weight. The increasing demand for compact and high-performance cars also supports the growth of the automotive transaxle market. Nowadays, many high-performance transaxles are available in the market according to the requirement of the vehicle. Many racing cars utilize the high-performance transaxle due to tis reduced weight which helps them to increase the speed.
Further, increasing demand for hybrid engine cars in the emerging and developed economies for high fuel efficiency is also one of the prominent factors which will fuel the sales of automobiles.
This factor is anticipated to directly impact the growth of automotive transaxle market. Transaxle manufacturers are also developing hybrid transaxles for their vehicles to improve their performance and efficiency.
Increase in demand for alternative transmission vehicles such as CVT may stagnant the growth of the automotive transaxle market.
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