Global truck axle market 2024-2028

Description

List of Tables

Technavio has been monitoring the truck axle market and is forecast to grow by $ 4497.3 mn during 2023-2028, accelerating at a CAGR of 5.18% during the forecast period. Our report on the truck axle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by reduction in production cost of axle owing to advances in manufacturing technology, improvements in supply chain strategies, and increase in demand for trucks.

Technavio's truck axle market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.83%
CAGR	5.18%
Incremental Value	$4497.3mn

By Application

Light-duty trucks
Heavy-duty trucks
Medium-duty trucks

By Type

Rigid axles
Drive steer axles
Non-drive steer axles

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the development of intelligent truck axle as one of the prime reasons driving the truck axle market growth during the next few years. Also, increase in popularity of e-axle system and development of modular rear-axle systems will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the truck axle market covers the following areas:

Truck axle market sizing
Truck axle market forecast
Truck axle market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading truck axle market vendors that include All Truck Parts Ltd., American Axle and Manufacturing Holdings Inc., Automotive Axles Ltd., BRIST Axle Systems Srl LLC, Cardone Industries Inc., Cummins Inc., Dana Inc., Hendrickson Holdings LLC, Kross Ltd., Magna International Inc., Mercedes Benz Group AG, Press Kogyo Co. Ltd., Qingte Group Co. Ltd., Raba Automotive Holding Plc, SAF HOLLAND SE, Shandong Heavy Industry Group Co. Ltd., Sinotruk Hong Kong Ltd., Sisu Axles Inc., Vikrant Group, and ZF Friedrichshafen AG. Also, the truck axle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR44419

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Truck Axle Market 2018 - 2022
- Historic Market Size - Data Table on Global Truck Axle Market 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
6.3 Light-duty trucks - Market size and forecast 2023-2028
- Chart on Light-duty trucks - Market size and forecast 2023-2028 ($ million)
- Data Table on Light-duty trucks - Market size and forecast 2023-2028 ($ million)
- Chart on Light-duty trucks - Year-over-year growth 2023-2028 (%)
- Data Table on Light-duty trucks - Year-over-year growth 2023-2028 (%)
6.4 Heavy-duty trucks - Market size and forecast 2023-2028
- Chart on Heavy-duty trucks - Market size and forecast 2023-2028 ($ million)
- Data Table on Heavy-duty trucks - Market size and forecast 2023-2028 ($ million)
- Chart on Heavy-duty trucks - Year-over-year growth 2023-2028 (%)
- Data Table on Heavy-duty trucks - Year-over-year growth 2023-2028 (%)
6.5 Medium-duty trucks - Market size and forecast 2023-2028
- Chart on Medium-duty trucks - Market size and forecast 2023-2028 ($ million)
- Data Table on Medium-duty trucks - Market size and forecast 2023-2028 ($ million)
- Chart on Medium-duty trucks - Year-over-year growth 2023-2028 (%)
- Data Table on Medium-duty trucks - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
7.3 Rigid axles - Market size and forecast 2023-2028
- Chart on Rigid axles - Market size and forecast 2023-2028 ($ million)
- Data Table on Rigid axles - Market size and forecast 2023-2028 ($ million)
- Chart on Rigid axles - Year-over-year growth 2023-2028 (%)
- Data Table on Rigid axles - Year-over-year growth 2023-2028 (%)
7.4 Drive steer axles - Market size and forecast 2023-2028
- Chart on Drive steer axles - Market size and forecast 2023-2028 ($ million)
- Data Table on Drive steer axles - Market size and forecast 2023-2028 ($ million)
- Chart on Drive steer axles - Year-over-year growth 2023-2028 (%)
- Data Table on Drive steer axles - Year-over-year growth 2023-2028 (%)
7.5 Non-drive steer axles - Market size and forecast 2023-2028
- Chart on Non-drive steer axles - Market size and forecast 2023-2028 ($ million)
- Data Table on Non-drive steer axles - Market size and forecast 2023-2028 ($ million)
- Chart on Non-drive steer axles - Year-over-year growth 2023-2028 (%)
- Data Table on Non-drive steer axles - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 American Axle and Manufacturing Holdings Inc.
- American Axle and Manufacturing Holdings Inc. - Overview
- American Axle and Manufacturing Holdings Inc. - Business segments
- American Axle and Manufacturing Holdings Inc. - Key offerings
- American Axle and Manufacturing Holdings Inc. - Segment focus
12.4 Automotive Axles Ltd.
- Automotive Axles Ltd. - Overview
- Automotive Axles Ltd. - Product / Service
- Automotive Axles Ltd. - Key offerings
12.5 BRIST Axle Systems Srl LLC
- BRIST Axle Systems Srl LLC - Overview
- BRIST Axle Systems Srl LLC - Product / Service
- BRIST Axle Systems Srl LLC - Key offerings
12.6 Cardone Industries Inc.
- Cardone Industries Inc. - Overview
- Cardone Industries Inc. - Product / Service
- Cardone Industries Inc. - Key offerings
12.7 Cummins Inc.
- Cummins Inc. - Overview
- Cummins Inc. - Business segments
- Cummins Inc. - Key news
- Cummins Inc. - Key offerings
- Cummins Inc. - Segment focus
12.8 Dana Inc.
- Dana Inc. - Overview
- Dana Inc. - Business segments
- Dana Inc. - Key news
- Dana Inc. - Key offerings
- Dana Inc. - Segment focus
12.9 Hendrickson Holdings LLC
- Hendrickson Holdings LLC - Overview
- Hendrickson Holdings LLC - Product / Service
- Hendrickson Holdings LLC - Key offerings
12.10 Mercedes Benz Group AG
- Mercedes Benz Group AG - Overview
- Mercedes Benz Group AG - Business segments
- Mercedes Benz Group AG - Key news
- Mercedes Benz Group AG - Key offerings
- Mercedes Benz Group AG - Segment focus
12.11 Qingte Group Co. Ltd.
- Qingte Group Co. Ltd. - Overview
- Qingte Group Co. Ltd. - Product / Service
- Qingte Group Co. Ltd. - Key offerings
12.12 Raba Automotive Holding Plc
- Raba Automotive Holding Plc - Overview
- Raba Automotive Holding Plc - Business segments
- Raba Automotive Holding Plc - Key offerings
- Raba Automotive Holding Plc - Segment focus
12.13 SAF HOLLAND SE
- SAF HOLLAND SE - Overview
- SAF HOLLAND SE - Business segments
- SAF HOLLAND SE - Key news
- SAF HOLLAND SE - Key offerings
- SAF HOLLAND SE - Segment focus
12.14 Shandong Heavy Industry Group Co. Ltd.
- Shandong Heavy Industry Group Co. Ltd. - Overview
- Shandong Heavy Industry Group Co. Ltd. - Product / Service
- Shandong Heavy Industry Group Co. Ltd. - Key offerings
12.15 Sinotruk Hong Kong Ltd.
- Sinotruk Hong Kong Ltd. - Overview
- Sinotruk Hong Kong Ltd. - Business segments
- Sinotruk Hong Kong Ltd. - Key offerings
- Sinotruk Hong Kong Ltd. - Segment focus
12.16 Sisu Axles Inc.
- Sisu Axles Inc. - Overview
- Sisu Axles Inc. - Product / Service
- Sisu Axles Inc. - Key offerings
12.17 ZF Friedrichshafen AG
- ZF Friedrichshafen AG - Overview
- ZF Friedrichshafen AG - Business segments
- ZF Friedrichshafen AG - Key news
- ZF Friedrichshafen AG - Key offerings
- ZF Friedrichshafen AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations