Several automotive companies are showing interest in the automotive axle market as there has been an increasing need for lightweight automotive and associated parts. One of the leading automotive manufacturers, planning to invest in the automotive axle market, approached Straits for detailed insights on the market forecasts. The client categorically sought for following insights
Besides, the client was also interested in the pricing landscape in terms of revenue and sales (million units).
The report continued with secondary research by studying political, economic, social, and legal parameters. This first stage helped to understand significant drivers, restraints, and opportunities on a global scale.
The market, being in the evolving stage, is prone to technological and regulatory developments. Hence, an exhaustive study of the dynamics mentioned above was conducted at a regional level. This concluded in meeting the requirement of briefing the rising export opportunities of the market based on law flexibility and also examine the potential regions for expansion.
The second stage involved primary research where several market players and automotive parts suppliers were contacted to study their viewpoint toward the development of their market and also the production capacity, clientele, and product line. This stage helped in a brief understanding of the competitive ecosystem and the scenario of consumer adaptability in the market, thereby addressing the client's requirement of 'how beneficial is the shift towards multi-axle commercial vehicles.’
The final stage — utilizing various market engineering approaches — derived market estimates and forecasts for the automotive axle market.
This data helped the client to get an overview of the market and accelerate the process of investment.
The report on the automotive axle market aided the client in understanding the market trends, including competitive analysis, regulatory framework, and regional analysis through growth drivers, competitive intensity, and detailed market estimations and forecast till 2026.
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Straits Research was approached by a consultant actively operating in the rental car sector. The client sought market insights on the rental car industry and stressed on procuring data specific to top companies operating in the market along with their annual revenue and other asset information such as fleet size.
Intense primary and secondary research were conducted to fulfill the client's requirements by understanding the economic and social factors not only promoting the market for rental sectors but also the challenges of conventional alternatives at the regional level. The regions covered in the study were North America, Europe, Asia-Pacific, South America, the Middle East, and Africa.
The client's primary focus highlighted the competitive landscape covering every specific region; hence, the study was conducted not only to understand the operations in the areas but also provided with a detailed overview of the top five players in the market contributing half of the overall share.
The report also delivered insights regarding consumer behavior specific to every region and the market forecasts, helping our client in its study.
Our report aided the client in getting more in-depth insights into various competitors in the market. Additionally, it offered the client insights about the regional competition, which helped the client to penetrate different regions, eventually gaining a substantial customer base after understanding consumer behavior.
Market estimates and forecasts were provided for each segment at the regional level. The market size in terms of revenue and capacity was included in the report for the forecast period, 2016–2026.