Trailer Axle Market Report 2026

The trailer axle market size has grown strongly in recent years. It will grow from $4.39 billion in 2025 to $4.62 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to growth in freight transportation, expansion of road logistics networks, increase in construction hauling needs, rising agricultural produce transportation, demand for higher load carrying capacity.

The trailer axle market size is expected to see strong growth in the next few years. It will grow to $5.66 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to growth in e commerce logistics, expansion of cold chain transportation, infrastructure development projects, demand for fuel efficient trailers, increasing adoption of advanced suspension systems. Major trends in the forecast period include rising demand for heavy duty trailer axles, increasing adoption of multi axle configurations, focus on load stability and safety enhancement, growing preference for lightweight axle designs, expansion of custom axle solutions for specific trailers.

The growing prominence of the automobile market is anticipated to propel the trailer axle market. Economic growth and improving living standards have enhanced purchasing power, leading to higher demand for automobiles. In addition, the COVID-19 pandemic triggered a sharp rise in demand for personal mobility across the globe. This increase in automotive demand has resulted in higher vehicle production, thereby boosting the demand for trailer axles. For instance, in May 2025, according to the European Automobile Manufacturers’ Association (ACEA), a Belgium-based automotive industry body, car production in South America increased by 1.7% in 2024 compared to 2023, mainly driven by Brazil, which recorded a 6.3% growth with production reaching around 1.9 million vehicles. At the same time, global bus production totaled 362,005 units last year, reflecting a 10.3% rise from 2023. Hence, the expanding automobile market is expected to drive growth in the trailer axle market.

Leading companies in the trailer axle market are concentrating on the development of innovative solutions, including air and mechanical suspension systems, to improve vehicle stability, load-bearing capacity, and overall ride quality for trailer applications. Air suspension systems use compressed air stored in flexible bellows to absorb road shocks and deliver a smoother ride, whereas mechanical suspension systems depend on conventional springs, dampers, and linkages to support loads and manage vehicle motion. For instance, in August 2023, Hendrickson, a US-based manufacturer of suspension systems and components, introduced a new portfolio of air and mechanical suspensions and axles for trailer applications in India. The newly launched offerings include air suspension systems that utilize compressed air to support vehicle weight, helping minimize vibration and component wear, as well as mechanical suspensions designed to deliver high durability under heavy-load conditions. These solutions cater to a wide range of trailer types, enhancing ride comfort, fuel efficiency, and cargo protection while maintaining compatibility with existing chassis configurations. This strategic launch aligns with the rising demand for efficient and dependable trailer solutions within India’s expanding logistics and transportation industry.

In January 2024, DexKo Global Inc., a US-based manufacturer of trailer running gear, acquired Cerka Industries Ltd. for an undisclosed sum. This acquisition is intended to enhance DexKo’s presence in the trailer component market throughout Canada. Cerka Industries, a Canadian company, specializes in the production of trailer axles and the distribution of components to dealers and OEMs.

Major companies operating in the trailer axle market are DexKo Global Inc., Meritor Inc., BPW Bergische Achsen KG, Guangdong Fuwa Engineering Group Co. Ltd., JOST Werke AG, SAF-Holland S.A., Hendrickson Holdings LLC, Shandong Huayue Vehicle Parts Co. Ltd., TND Trailer Axle Co. Ltd., Schmitz Cargobull AG, York Transport Equipment (Asia) Pte Ltd., Dexter Axle Company, American Axle & Manufacturing Inc., Dana Incorporated, ZF Friedrichshafen AG, Lippert Components Inc., Al-Ko Kober SE, GKN Wheels & Structures Ltd., AxleTech International SAS, Ingersoll Axles Corp., Torsion-Flex, Rockwell American, Hayes Axle Inc., Timbren Industries Inc.

North America was the largest region in the trailer axle market in 2025. The regions covered in the trailer axle market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the trailer axle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The trailer axle market consists of sales of spring and torsion type axle. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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