Truck Axle Market Scope And Analysis

Report Code : TIPRE00020405
Category : Automotive and Transportation

No. of Pages : 150

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Truck Axle Market Analysis, Size, and Growth (2021-2028)

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Truck Axle Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 1,680.79 Million
Market Size by 2031	US$ 2,538.50 Million
Global CAGR (2023 - 2031)	5.3%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Rigid Axles Drive Steer Axles Non-drive Steer Axles By Application Light-duty trucks Medium-duty trucks Heavy-duty trucks
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	American Axle Manufacturing Inc Dana Limited Meritor Inc Qingte Group Co Ltd Raba Automotive Holding Plc SAF HOLLAND SE Shandong Heavy Industry Group Co Ltd Sinotruk Hong Kong Limited Sisu Axles Inc

Truck Axle Market News and Recent Developments

The truck axle market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Truck Axle Market are listed below:

Ashok Leyland has launched a new 3-axle 6×2 Dual Tyre Lift Axle (DTLA) truck, AVTR 3120. With this launch, Ashok Leyland becomes the first and only player in the country to have a full range of DTLA trucks with 31T, 40.5T, and 47.5T GVW nodes. (Source: Source: Press Release, December 2021)
ReFuels N.V., one of Europe's leading suppliers of renewable biomethane (Bio-CNG) for the decarbonization of heavy goods vehicles, today announces that Scania UK has launched a new three-axle (6×2) CNG truck, significantly increasing the addressable market to include the preferred vehicle class of UK fleet operators. (Source: Press Release, June 2024)

Truck Axle Market Report Coverage and Deliverables

The “Truck Axle Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Truck axle market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Truck axle market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST and SWOT analysis
Truck axle market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the truck axle market
Detailed company profiles