Commercial Vehicle Axles is an integral component of commercial vehicles. Its main function is serving to transmit driving torque to the wheel, as well as to maintain the position of the wheels relative to each other and to the vehicle body. In addition to, the axles can also bear the weight of the vehicle plus any cargo.
In the coming years there is an increasing demand for commercial vehicles in the regions of Europe and Asia-Oceania, mainly in China, India and Japan, is expected to drive the market for more advanced Commercial Vehicle Axles. Rapid industrialization, development of road infrastructure, and stable rise in commercial activity, particularly with regard to logistics, distribution and public transportation will drive growth in Asia-Oceania markets.
Globally, the Commercial Vehicle Axles industry market is concentrated as the manufacturing technology of Commercial Vehicle Axles is relatively matures than some high-tech equipment. And some enterprises, like AAM, Meritor, DANA etc. are well-known for the wonderful performance of their Commercial Vehicle Axles and related services. At the same time, United States is remarkable in the global Commercial Vehicle Axles industry because of their market share and technology status of Commercial Vehicle Axles.
The consumption volume of Commercial Vehicle Axles is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Commercial Vehicle Axles industry may not keep that fast. But it is surely forecasted that the market of Commercial Vehicle Axles is still promising.
According to this study, over the next five years the Commercial Vehicle Axles market will register a 2.6% CAGR in terms of revenue, the global market size will reach USD 46700 million by 2024, from USD 40100 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Commercial Vehicle Axles business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Vehicle Axles market by product type, application, key manufacturers and key regions and countries.
This study considers the Commercial Vehicle Axles value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Front Axles
Rear Beam Axles
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Bus
Heavy and Mid Duty Truck
Light Duty Truck
Other Commercial Vehicle
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
AAM
Meritor?
DANA
PRESS KOGYO
SAF-HOLLAND
BPW Group
MAN
ZF
Korea Flange
RABA
IJT Technology Holdings
AxleTech International
Dongfeng DANA
Shaanxi HanDe
FAW Heavy
CNHTC
Zoomlion
Guangxi Fangsheng
SG Automotive Group
Qingte Group
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Commercial Vehicle Axles consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Commercial Vehicle Axles market by identifying its various subsegments.
Focuses on the key global Commercial Vehicle Axles manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Commercial Vehicle Axles with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Commercial Vehicle Axles submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
