Home / Automotive & Transportation / Commercial Vehicle Axles: Market Growth, Future Prospects & Competitive Analysis, 2016 - 2023

Commercial Vehicle Axles: Market Growth, Future Prospects & Competitive Analysis, 2016 - 2023

Overview:

Commercial vehicle transportation plays an important role in industrial development and public transport. Ever-rising domestic as well as international trades has resulted into immense demand for prompt commercial transportation service, over the period of time. In addition, with the emergence of ecommerce and logistics industry, commercial transportation has become the most crucial mode of transportation worldwide. This has led to substantial rise in the demand for commercial vehicles and its adjacent markets.

Commercial vehicle axle refers to the central shaft designed specifically for the commercial vehicles. These axles are designed for commercial vehicles including buses, semi-trucks, big hauling trucks, oil tankers and trailers. These axles are classified as per the application, size of the vehicle and load to be carried. Due to heavy nature or work load carried by the vehicles, commercial vehicle axles are designed depending upon the vehicle type and nature of application being carried out. This makes commercial vehicle axles one of the most crucial components for the overall commercial vehicle industry.

The most significant factor fuelling the commercial vehicle axle market growth is the ever-rising demand for new commercial vehicles across the world. Growing domestic and international trade is expected to continue escalating the demand for heavy commercial vehicles in the coming years. This is estimated to further drive the market growth remarkably during the forecast period. With new safety regulation for commercial vehicles and increasing pressure of fuel efficiency, manufacturers are trying for new technologies to improve vehicle’s performance. Commercial vehicle axles are also being developed within the same prospect. This creates a promising avenue for commercial vehicle axles market to bloom in forthcoming period.

The global commercial vehicle axles market is segmented on the following bases:

  • By Position
    • Front axle
    • Rear axle
  • By Type
    • Semi floating axle
    • Three quarter floating axle
    • Full floating axle
    • By Working
    • Live axle
    • Dead axle
  • By Application
    • Freight transport
    • Passenger transport
  • Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • CIS Countries
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • South Asia
      • Australasia
      • Rest of Asia Pacific
    • Middle East & Africa
      • GCC Countries
      • North Africa
      • South Africa
      • Rest of MEA
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America

Key players identified for the Commercial Vehicle Axles Market include but are not limited to:

American Axle & Manufacturing, Meritor, Benteler, RABA, AxleTechInternational, SAF-HOLLAND, PRESS KOGYO CO., Korea Flange Co., AnkaiFutianShuguang Axle, SAIC MOTOR, HANDE, SINOTRUK, Shandong Heavy Industry Group, SG Automotive Group, Sichuan Jian’an Industrial, BPW Group, MAN, ZF, IJT Technology Holdings, Dongfeng DANA, Shaanxi HanDe, FAW Heavy, CNHTC, Zoomlion, Guangxi Fangsheng, SG Automotive Group, Qingte Group and others.

This report offers:

  • An overview of the global markets for Commercial vehicle axles.
  • Market trends assessment for the period 2013 - 2023, with historical information for 2013to 2015, and projections through 2023, with respective CAGR during 2016- 2023
  • Qualitative assessment tools such as market drivers, challenges and future prospects in the market
  • Market competition scrutiny tools such as market positioning analysis
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating.
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