Global Trailer Axle Market Size study, 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

Global Trailer Axle Market Size study, 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), and Regional Forecasts 2022-2028

Global Trailer Axle Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.

The Trailer Axle can be defined as a transverse shaft whose ends enter the wheel hub. It also supports the weight of the vehicle. Trailer Axle comprised of different components such as the beam, the swivel pin, the track rod, and the stub axle. Generally, there are two types of axles are used in trailers including leaf spring axles and torsion axles. Torsion axles are mounted directly to the frame whereas leaf spring axle attached with trailer axle with the application of U-bolts. The rising logistics and transportation Sector and rising expansion of automotive & transportation industry as well as recent product announcements from leading market players are factors that are accelerating the global market demand. For instance, according to Statista- In 2020, the logistics industry worldwide was estimated at USD 5730 billion, and the logistics industry is projected to cross USD 6930 billion by 2024. Furthermore, leading market players are coming up with innovative products to leverage the growing demand for Trailer Axles. For instance, in August 2021, SAE-SMB launched new trailer axle for car carriers in India. The new axles are compliant with CMVR (Central Motor Vehicles Rules), 1989 and regulations. Also, growing demand for heavy duty trailers across different industries and rising technological advancements in automobile sector are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a volatile cost of raw materials impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Trailer Axle Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing utilization of heavy-duty trailers across different industries and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of B2B logistics industry and presence of leading heavy duty vehicle manufacturers in the region, would create lucrative growth prospects for the global Trailer Axle Market across the Asia Pacific region.

Major market players included in this report are:
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.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
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
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Trailer Axle Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

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.

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