Global Truck Axle Market Research Report Information by Type, by Application, by Technology, and By Region -Industry Forecast Till 2032

Description

List of Tables

Global Truck Axle Market Research Report Information by Type (Rigid Axles, Drive Steer Axles and Non-Drive Steer Axles), by Application (Light-Duty Trucks, Medium-Duty Trucks and Heavy-Duty Trucks), by Technology (Mechanical Axles, Electric Axles, Hybrid Axles, Air Suspension Axles, Independent Suspension Axles, Hotchkiss Drive Unit and Central Drive), and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) -Industry Forecast Till 2032

Summary of the Market

USD 1,544.65 Million is the estimated value of the truck axle market in 2022. With a compound yearly growth rate (CAGR) of 4.78% for the forecast period (2023 - 2032), the Truck Axle Market industry is expected to rise from USD 1,611.99 Million in 2023 to USD 2,454.06 Million by 2032. Driven by elements including growing commercial transportation activities, developing e-commerce industry, and rising demand for heavy-duty vehicles across different areas, the truck axle market has shown consistent increase over the years. Furthermore, government rules meant to lower emissions and increase fuel economy have driven truck builders to concentrate on creating technologically superior axles.

For the market for truck axles, advanced axle designs present a great potential. Improved efficiency, durability, and performance of axles made possible by technological developments have allowed manufacturers to design them These designs improve the general axle functionality by considering load distribution, suspension systems, and axle geometry.

Manufacturers have created independent suspension systems, for instance, which improve comfort, control, and stability. These sophisticated suspension systems change to fit different road conditions and loads by using cutting-edge technologies including electronic control modules and air springs. These developments increase driver comfort by enhancing ride quality and lowering vibrations, therefore lowering the cargo damage risk.

Furthermore, technological developments have made smart features part of truck axles possible. Telematics systems and sensors are being included to track axle performance in real-time, therefore enabling preemptive maintenance and lowering of downtime. These smart solutions give fleet managers useful information about axle conditions, which helps them to maximize maintenance plans, reduce breakdowns, and raise general operating effectiveness.

Insight on Market Segments

Rigid axles, drive steer axles, and non-drive steer axles comprise the Truck Axle Market segmentation based on type.

Application drives the Market to be split into light-duty, medium-duty, and heavy-duty trucks.

Technology dictates mechanical axles, electric axles, hybrid axles, air suspension axles, independent suspension axles, Hotchkiss drive unit and central drive in the market segmentation.

Regional Views

Revenue-wise, North America is the most developed and biggest market for the Truck Axle Market. Driven mostly by factors including growing demand for commercial vehicles, expanding logistics and transportation sectors, and infrastructure development in emerging nations, the Asia Pacific truck axle market has shown consistent increase in recent years. Intense rivalry, both domestic and foreign axle producers, and technological developments define the market.

Driven by a strong logistics and transportation industry, the United States boasts among the biggest truck markets worldwide. High demand for commercial and off-road vehicles defines the US truck axle market. Important elements influencing the market are the expansion of e-commerce, building projects, and necessity of a strong transportation system.

Within the automotive sector of Europe, the market for truck axles is rather important. It is important in the transportation and logistics industries since it helps items to be moved between big European countries.

Among European markets, Germany has among the biggest truck axle consumption. Strong manufacturing in the nation and a reliable transportation system help to explain the demand for truck axles. Important participants in the market are German truck companies such Daimler, MAN, and Iveco.

Leading Participants

Key companies in the Truck Axle Market include Meritor, Inc., Dana Incorporated, ZF Friedrichshafen AG, American Axle & Manufacturing, Inc., SAF Holland SE, GNA Axles Limited, RABA Automotive Holding PLC, Hyundai Transys Co. LTD., Guangdong Fuwa Engineering Group Co. LTD., Jost Werke AG, and Others.

Product Code: MRFR/AM/10217-

1 EXECUTIVE SUMMARY

1.1 GLOBAL TRUCK AXLE MARKET, BY TYPE
1.2 GLOBAL TRUCK AXLE MARKET, BY APPLICATION
1.3 GLOBAL TRUCK AXLE MARKET, BY TECHNOLOGY
1.4 GLOBAL TRUCK AXLE MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 KEY BUYING CRITERIA

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP DOWN & BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 EXPANSION OF E-COMMERCE AND LOGISTICS INDUSTRY
- 4.2.2 INFRASTRUCTURE DEVELOPMENT AND CONSTRUCTION ACTIVITIES
- 4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 FLUCTUATING RAW MATERIAL PRICES
- 4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
- 4.4.1 TECHNOLOGICAL ADVANCEMENTS AND INNOVATION
4.5 IMPACT OF COVID-19 ON GLOBAL ECONOMY
4.6 IMPACT OF COVID-19 ON THE GLOBAL TRUCK AXLE MARKET
4.7 SUPPLY CHAIN IMPACT
- 4.7.1 IMPACT ON MANUFACTURER/DEVELOPER
- 4.7.2 IMPACT ON COMPONENT/SERVICES SUPPLIER
- 4.7.3 IMPACT ON DISTRIBUTION/LOGISTICS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIALS AND COMPONENTS SUPPLIERS
- 5.1.2 MANUFACTURING & ASSEMBLY
- 5.1.3 DISTRIBUTION & SALES
- 5.1.4 RETAILERS AND END-USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL TRUCK AXLE MARKET, BY TYPE

6.1 OVERVIEW
6.2 GLOBAL TRUCK AXLE MARKET SIZE, MARKET ESTIMATES & FORECAST BY TYPE, 2019-2032
- 6.2.1 GLOBAL TRUCK AXLE MARKET SIZE: MARKET ESTIMATES & FORECAST BY TYPE, 2019-2032

7 GLOBAL TRUCK AXLE MARKET, BY APPLICATION

7.1 OVERVIEW
7.2 GLOBAL TRUCK AXLE MARKET SIZE, MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2032
- 7.2.1 GLOBAL TRUCK AXLE MARKET SIZE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2032

8 GLOBAL TRUCK AXLE MARKET, BY TECHNOLOGY

8.1 OVERVIEW
8.2 GLOBAL TRUCK AXLE MARKET SIZE, MARKET ESTIMATES & FORECAST BY TECHNOLOGY, 2019-2032
- 8.2.1 GLOBAL TRUCK AXLE MARKET SIZE: MARKET ESTIMATES & FORECAST BY TECHNOLOGY, 2019-2032

9 GLOBAL TRUCK AXLE MARKET, BY REGION

9.1 OVERVIEW
9.2 NORTH AMERICA
- 9.2.1 U.S.
- 9.2.2 CANADA
- 9.2.3 MEXICO
9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.2 FRANCE
- 9.3.3 UK
- 9.3.4 SPAIN
- 9.3.5 ITALY
- 9.3.6 REST OF EUROPE
9.4 ASIA PACIFIC
- 9.4.1 CHINA
- 9.4.2 INDIA
- 9.4.3 JAPAN
- 9.4.4 SOUTH KOREA
- 9.4.5 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
- 9.5.1 SAUDI ARABIA
- 9.5.2 UAE
- 9.5.3 SOUTH AFRICA
- 9.5.4 REST OF MIDDLE EAST & AFRICA
9.6 SOUTH AMERICA
- 9.6.1 BRAZIL
- 9.6.2 ARGENTINA
- 9.6.3 REST OF SOUTH AMERICA

10 COMPETITIVE LANDSCAPE

10.1 COMPETITIVE OVERVIEW
10.2 COMPETITIVE BENCHMARKING
10.3 MAJOR PLAYERS IN THE GLOBAL TRUCK AXLE MARKET
10.4 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE GLOBAL TRUCK AXLE MARKET
10.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 10.5.1 PRODUCT LAUNCH/PRODUCT DEVELOPMENT
- 10.5.2 ACQUISITION/PARTNERSHIP

11 COMPANY PROFILES

11.1 MERITOR, INC
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
11.2 DANA INCORPORATED
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
11.3 ZF FRIEDRICHSHAFEN AG
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
11.4 AMERICAN AXLE & MANUFACTURING, INC.
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS/SERVICES OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES
11.5 SAF HOLLAND SE
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS/SERVICES OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
11.6 GNA AXLES LIMITED
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS/SERVICES OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGIES
11.7 RABA AUTOMOTIVE HOLDING PLC
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS/SERVICES OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGIES
11.8 HYUNDAI TRANSYS CO. LTD.
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS/SERVICES OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGIES
11.9 GUANGDONG FUWA ENGINEERING GROUP CO. LTD.
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES
11.10 JOST WERKE AG
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 SWOT ANALYSIS
- 11.10.6 KEY STRATEGIES

12 APPENDIX

12.1 REFERENCES