Automotive Axle Market Predicted To Reach USD 69.58 Billion By 2030
San Francisco, 1 Sep 2022: The Report Automotive Axle Market Size, Share & Trends Analysis Report By Type (Drive, Dead, Lift), By Application (Front, Rear), By Vehicle Type (Passenger Car, LCV, HCV), By Region, And Segment Forecasts, 2022 - 2030 The global automotive axle market size is expected to reach USD 69.58 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 1.5% from 2022 to 2030. Factors such as increasing automobile production, a surge in the sales of heavy, light commercial, and passenger vehicles, and shifting consumer preference towards luxury vehicles with advanced features are fueling the market growth. The growing popularity of autonomous and semi-autonomous cars equipped with leading technological innovations in automobiles and their subsequent vehicle production is anticipated to further contribute to the growth of the market. Shifting consumer preference and capitali...