Research and Forecast of Automotive Drive Axle Market in China, 2014-2018 mainly analyzes the policies, characteristics, competition pattern, market supply and demand, latest trend and development tendency in automotive drive axle industry. According to the statistics from China Association of Automobile Manufacturers, in 2013, the output and sales of automobile in China are 22.1168 million and 21.9841 million. In 2014, the economy can be expected to keep appropriate fast growth in China, and automobile market will grow at the rate of about 10%, the huge automobile market capacity will bring sound development space for automotive drive axle.
With the increasing market demand of single-stage axle, many OEMs and vehicle axle manufacturers began to develop single-stage axle to meet market demand since the second half of 2008. Guangxi Fangsheng Group has developed high torque single-stage reduction rear axle by analyzing the technology of heavy-duty truck axle and combining the demands of Dongfeng Liuzhou Motor Co., Ltd and Beiqi Foton Motor Co., Ltd. etc OEMs.
Experts predict that the single-stage axle will become the main axle equipped for the medium, long distance logistics transportation vehicle, 75% of drive axles in domestic heavy-duty vehicle will be single-stage axle.