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

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Published: | Report ID: 4015 | Report Format : PDF

Market Insights

Commercial vehicle transportation plays an important role in industrial development and public transport. Ever-rising domestic, as well as international trade, has resulted in immense demand for prompt commercial transportation services over the course of time. In addition, with the emergence of the e-commerce and logistics industries, commercial transportation has become the most crucial mode of transportation worldwide. This has led to a substantial rise in the demand for commercial vehicles and their adjacent markets.

The term “commercial vehicle axle” refers to the central shaft designed specifically for 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 the heavy nature of work load carried by the vehicles, commercial vehicle axles are designed depending on the vehicle type and nature of the 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 fueling the commercial vehicle axle market’s 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’s growth remarkably during the forecast period.

With new safety regulations for commercial vehicles and increasing pressure on fuel efficiency, manufacturers are trying new technologies to improve vehicles’ performance. Commercial vehicle axles are also being developed within the same framework. This creates a promising avenue for the commercial vehicle axle market to bloom in the 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

By Geography

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

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., Ankai Futian Shuguang 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, MAN

This report offers the following:

  • An overview of the global markets for commercial vehicle axles
  • Market trends assessment for the period 2013–2023, with historical information for 2013–2015 and projections through 2023, with respective CAGRs 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 highlight key information about the major players operating.

Frequently Asked Questions

What is the size of Commercial Vehicle Axles Market?

The market for Commercial Vehicle Axles Market is expected to reach US$ XX Mn By 2023.

What is the Commercial Vehicle Axles Market CAGR?

The Commercial Vehicle Axles Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Commercial Vehicle Axles Market?

The report is forecasted from 2016-2023.

What is the base year considered for Commercial Vehicle Axles Market?

The base year of this report is 2015.

Who are the major players in this market?

SAF-HOLLAND, PRESS KOGYO CO., Korea Flange Co., Ankai Futian Shuguang Axle, SAIC MOTOR, HANDE, SINOTRUK, Shandong Heavy Industry Group, SG Automotive Group, Sichuan Jian’an Industrial, BPW Group, MAN, ZF, IJT Technology Holdings are some of the major players in the global market.

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