Global Commercial Vehicle Axles Market Growth 2023-2029

Global Commercial Vehicle Axles Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Commercial Vehicle Axles Industry Forecast” looks at past sales and reviews total world Commercial Vehicle Axles sales in 2022, providing a comprehensive analysis by region and market sector of projected Commercial Vehicle Axles sales for 2023 through 2029. With Commercial Vehicle Axles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Commercial Vehicle Axles industry.

This Insight Report provides a comprehensive analysis of the global Commercial Vehicle Axles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Commercial Vehicle Axles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Commercial Vehicle Axles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Vehicle Axles and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Commercial Vehicle Axles.

The global Commercial Vehicle Axles market size is projected to grow from US$ 43510 million in 2022 to US$ 51690 million in 2029; it is expected to grow at a CAGR of 51690 from 2023 to 2029.

Global Commercial Vehicle Axles key players include AAM, Meritor, DANA, BPW Group, PRESS KOGYO, etc. Global top five manufacturers hold a share over 20%.

North America is the largest market, with a share over 35%, followed by Europe and Asia (China Excluded), both have a share over 35%.

In terms of product, Rear Beam Axles is the largest segment, with a share over 70%. And in terms of application, the largest application is Light Duty Truck, followed by Heavy and Mid Duty Truck, Bus, etc.

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.

Market Segmentation:

Segmentation by type

Front Axles

Rear Beam Axles

Segmentation by application

Bus

Heavy and Mid Duty Truck

Light Duty Truck

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Commercial Vehicle Axles market?

What factors are driving Commercial Vehicle Axles market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Commercial Vehicle Axles market opportunities vary by end market size?

How does Commercial Vehicle Axles break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.