Trailer Axle Market Size, Trends & Forecast (2019 - 2025)
The Trailer Axle Market size is expected to be valued at USD xx billion in 2019 and reach USD 258 billion by 2025, growing at a CAGR of xx.x% between the forecast period of 2019 - 2025.
An axle is a central axis or an axis of a wheel or rotating gear. On wheeled vehicles, the axle can be attached to the caster wheels, or it can be attached to the vehicle with the wheels rotating around the axle. The operation of the axle depends on the position and type of axis. Utility vehicles, such as heavy trucks and buses, can incorporate more than two dynamic axles depending on the application and function of the vehicle, while most passenger vehicles are integrated with a dynamic axle and a dead axle.
Demand Factors
The demand for trailer axles is driven by the increase in sales and production of vehicles around the world. In addition, the demand for quiet and comfortable cabins and the reduction of vehicle maintenance costs is driving market growth. However, the volatility of commodity prices, such as steel and carbon, and the aluminum alloys used to make trailer axles, is limiting growth. In addition, the growing demand for fuel-efficient vehicles should provide key market players with the opportunity to offer low-cost, energy-efficient and light-weight products. In addition, the introduction of lightweight materials, such as steel, magnesium, aluminum, and fiberglass-reinforced polymer (GFRP) compounds used in the manufacture of shafts, is expected to stimulate market growth.
Trailer Axle Market Key Segmentation is divided as per the following Categories:
Trailer Axle Market - By Capacity
- Less than 8,000 lbs.
- 8,000-15,000 lbs.
- 15,000-25,000 lbs.
- More than 25,000 lbs.
Trailer Axle Market - By Applications
- Light trailers
- Medium weight trailers
- Heavy trailers
Trailer Axle Market - By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Regionally, the Asia-Pacific market is predicted to dominate the Trailer Axle Market with a market share of more than 35%, valued at more than US $ 2,150 million at the end of 2017, increasing at a CAGR of 6.2% during the forecast period. China, an important region in the Asia-Pacific region, and the ASEAN countries are expected to see significant growth during the forecast period. Several of the main players in Group 1 focus on market consolidation by expanding their manufacturing, sales and distribution facilities in Asia-Pacific and Latin America, and significantly reducing their manufacturing costs.
Leading Manufacturers in Trailer Axle Market as per the research report are:
Guangdong FUWA Engineering Group CO. LTD
Hendrickson Corporation
DexKo Global Inc.
BPW Group
Meritor, Inc.
Shandong Huayue
FUWA K Hitch
JOST Axle Systems
TND Trailer Axle
SAF-Holland
** Our research team can customize this research report as per your needs/queries. Please write your thoughts to sales@researchcosmos.com
Table Global Trailer Axle Market 2012-2017, by Type, in USD Million
Table Global Trailer Axle Market 2012-2017, by Type, in Volume
Table Global Trailer Axle Market Forecast 2018-2023, by Type, in USD Million
Table Global Trailer Axle Market Forecast 2018-2023, by Type, in Volume
Table DexKo Overview List
Table Trailer Axle Business Operation of DexKo (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Meritor Overview List
Table Trailer Axle Business Operation of Meritor (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table BPW Group Overview List
Table Trailer Axle Business Operation of BPW Group (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Fuwa-K-Hitch Overview List
Table Trailer Axle Business Operation of Fuwa-K-Hitch (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table SAF-HOLLAND Overview List
Table Trailer Axle Business Operation of SAF-HOLLAND (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table SAF-HOLLAND Overview List
Table Trailer Axle Business Operation of SAF-HOLLAND (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Hendrickson Overview List
Table Trailer Axle Business Operation of Hendrickson (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Shandong Huayue Overview List
Table Trailer Axle Business Operation of Shandong Huayue (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table TND Trailer Axle Overview List
Table Trailer Axle Business Operation of TND Trailer Axle (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Global Trailer Axle Sales Revenue 2012-2017, by Companies, in USD Million
Table Global Trailer Axle Sales Revenue Share, by Companies, in USD Million
Table Global Trailer Axle Sales Volume 2012-2017, by Companies, in Volume
Table Global Trailer Axle Sales Revenue Share, by Companies in 2017, in Volume
Table Trailer Axle Demand 2012-2017, by Application, in USD Million
Table Trailer Axle Demand 2012-2017, by Application, in Volume
Table Trailer Axle Demand Forecast 2018-2023, by Application, in USD Million
Table Trailer Axle Demand Forecast 2018-2023, by Application, in Volume
Table Global Trailer Axle Market 2012-2017, by Region, in USD Million
Table Global Trailer Axle Market 2012-2017, by Region, in Volume
Table Trailer Axle Market Forecast 2018-2023, by Region, in USD Million
Table Trailer Axle Market Forecast 2018-2023, by Region, in Volume
Figure Trailer Axle Industry Chain Structure
Figure Global Trailer Axle Market Growth 2012-2017, by Type, in USD Million
Figure Global Trailer Axle Market Growth 2012-2017, by Type, in Volume
Figure Global Trailer Axle Sales Revenue Share, by Companies in 2017, in USD Million
Figure Global Trailer Axle Sales Volume Share 2012-2017, by Companies, in Volume
Figure Production Development by Region
Figure Sales List by Region
+1 888 709 8757
Chat With Us