Trailer Axle Market By Trailer Type (Dry van & box, Refrigerator, Chemicals & liquid, Tippers, Flatbed, others), By Axle Type (Single Axle, Tandem axle, Three or more than three-axle), By Capacity (Lower than 8,000 lbs, 8,000-15,000 lbs, 15,000-25,000 lbs, More than 25,000 lbs), By Application (Lightweight trailers, Medium-weight trailers, Heavy trailers), By Sales Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2031
Axle is a central shaft utilized for rotating the wheels as well as supports the weight of the vehicle. It is an essential component in automobile and is categorized into three types such as front, rear, and stub. The axle is controlled by the movement of the steering in the vehicle. It is utilized in cars, trucks, trailer, buses, and other vehicles. In addition, axle types used in trailers are of two types such as leaf spring axles and torsion axles. Spring axles uses a spring to support the trailer and load. Spring axles are inexpensive and relatively easy to maintain. Torsion axles are made up of a square spindle surrounded on all four sides by rubber. The spindle is connected to torsion arms that is then attached to the wheels.
The growth of the global trailer axle market is propelling, due to expansion of automotive & transportation industry, introduction of e-axle in trailers, and introduction of emission regulations for transport refrigeration units. However, fluctuating prices of raw materials used for manufacturing of axles is the factor restraining the growth of the market. Furthermore, increase in use of lightweight material for manufacturing of axle is the factor expected to offer growth opportunities during the forecast period.
With increase in adoption of trailer axles across the globe, need for charging infrastructure is also growing subsequently. Government and private organizations in several countries are working closely to setup trailer axle charging infrastructure in their region to support e-mobility. For instance, Aqua superpower, a UK based company has been rapidly building its network of marine “superchargers” across the globe. Built to the highest IP65 standards, each station provides AC and DC fast charger with a high output of 150kW, enabling fast recharging of trailer axles.
The trailer axle market is segmented on the basis of trailer type, axle type, capacity, application, sales channel, and region. By trailer type, it is segmented into dry van & box, refrigerator, chemical & liquid, tippers, flatbed, and others. By axle type, it is classified into single axle, tandem axle, and three or more than three-axle. Based on capacity, it is fragmented into lower than 8,000 lbs, 8,000-15,000 lbs, 15,000-25,000 lbs, and more than 25,000 lbs. By application, it is bifurcated into lightweight trailers, medium-weight trailers, and heavy trailers. By sales channel, it is fragmented into original equipment manufacturer (OEM), and aftermarket. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the trailer axle market analysis from 2021 to 2031 to identify the prevailing trailer axle market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the trailer axle market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global trailer axle market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Trailer Type
Dry van box
Refrigerator
Chemicals liquid
Tippers
Flatbed
others
By Axle Type
Single Axle
Tandem axle
Three or more than three-axle
By Capacity
Lower than 8,000 lbs
8,000-15,000 lbs
15,000-25,000 lbs
More than 25,000 lbs
By Application
Lightweight trailers
Medium-weight trailers
Heavy trailers
By Sales Channel
OEM
Aftermarket
By Region
North America
U.S.
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Rest of Europe
Asia-Pacific
Rest of Asia-Pacific
China
Japan
India
Australia
LAMEA
Latin America
Middle East
Africa
Key Market Players
American Axle & Manufacturing, Inc
BPW Bergische Achsen KG
Dana Incorporated
Hendrickson USA, L.L.C.
Meritor, Inc.
SAF-HOLLAND S.A.
Schmitz Cargobull
ZF Friedrichshafen AG
DexKo Global
Guangdong Fuwa Engineering Group Co., Ltd.
Guangzhou TND Axle Co., Ltd
Jost Werke AG
Jiangling Group Shandong Huayue Vehicle Parts Co., Ltd
Rogers Axle & Spring Works, Willex Trailer and Axle Sales
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