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The truck axle market is forecast to grow by$ 4.49 billion during 2023-2028, accelerating at a CAGR of 5.18% during the forecast period. The 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.Speak directly to the analyst to clarify any post sales queries you may have.
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.
The truck axle market is segmented as below:
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
The report on the truck axle market covers the following areas:
- Truck axle market sizing
- Truck axle market forecast
- Truck axle market industry analysis
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.
The publisher 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. The 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.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global truck axle market: 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.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is development of intelligent truck axle."
According to the report, one of the major drivers for this market is the reduction in production cost of axle owing to advances in manufacturing technology.
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 a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
- ZF Friedrichshafen AG
