Northern America: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in Northern America

The North American driving and non-driving axle market expanded modestly to $X in 2021, with an increase of 4% against the previous year. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.0% against 2014 indices. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Drive-Axles with Differential and Non-Driving Axles in Northern America

In value terms, driving and non-driving axle production stood at $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.5% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 15%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in Northern America

In 2021, overseas shipments of drive-axles with differential and non-driving axles decreased by -14.7% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by 15%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, driving and non-driving axle exports rose notably to $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 15%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Canada (X tons), distantly followed by the United States (X tons) were the major exporters of drive-axles with differential and non-driving axles, together generating 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of -0.4%).

In value terms, the United States ($X) remains the largest driving and non-driving axle supplier in Northern America, comprising 85% of total exports. The second position in the ranking was taken by Canada ($X), with a 15% share of total exports.

In the United States, driving and non-driving axle exports expanded at an average annual rate of +1.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, increasing by 33% against the previous year. Overall, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 209% against the previous year. Over the period under review, the export prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+26.3%).

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in Northern America

In 2021, imports of drive-axles with differential and non-driving axles in Northern America amounted to X tons, surging by 13% against 2020 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 14% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, driving and non-driving axle imports surged to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the largest importer of drive-axles with differential and non-driving axles in Northern America, with the volume of imports amounting to X tons, which was near 83% of total imports in 2021. It was distantly followed by Canada (X tons), comprising a 17% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of drive-axles with differential and non-driving axles. Canada (-5.2%) illustrated a downward trend over the same period. The United States (+9.4 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -9.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported drive-axles with differential and non-driving axles in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +5.6%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, increasing by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2020 when the import price increased by 26% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.7%).

Source: IndexBox Platform

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