New Zealand markets closed
  • NZX 50

    11,065.71
    -134.33 (-1.20%)
     
  • NZD/USD

    0.5710
    -0.0021 (-0.36%)
     
  • NZD/EUR

    0.5817
    -0.0015 (-0.26%)
     
  • ALL ORDS

    6,678.70
    -81.90 (-1.21%)
     
  • ASX 200

    6,474.20
    -80.80 (-1.23%)
     
  • OIL

    81.86
    +0.63 (+0.78%)
     
  • GOLD

    1,676.10
    +7.50 (+0.45%)
     
  • NASDAQ

    11,164.78
    -329.05 (-2.86%)
     
  • FTSE

    6,921.83
    +40.24 (+0.58%)
     
  • Dow Jones

    29,225.61
    -458.13 (-1.54%)
     
  • DAX

    12,061.75
    +86.20 (+0.72%)
     
  • Hang Seng

    17,222.83
    +56.96 (+0.33%)
     
  • NIKKEI 225

    25,937.21
    -484.84 (-1.83%)
     
  • NZD/JPY

    82.4070
    -0.3400 (-0.41%)
     

Trailer Axle Market to Garner $9.36 Billion by 2031: Says Allied Market Research

·7-min read
Allied Market Research
Allied Market Research

Rapid expansion of the automotive & transportation industries and introduction of e-axle in trailers drive the growth of the global trailer axle market. Based on application, the medium-weight trailers segment held the major share in 2021. By region, on the other hand, the market across LAMEA would manifest the fastest CAGR by 2030.

Portland, OR, Aug. 03, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global trailer axle market was estimated at $5.93 billion in 2021 and is expected to hit $9.36 billion by 2031, registering a CAGR of 4.8% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

Download Report (339 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/2934

Trailer Axle Industry Report coverage & details:

Report Coverage

Details

Forecast Period

2022­–2031

Base Year

2021

Market Size in 2021

$5.93 Billion

Market Size in 203

$9.36 Billion

CAGR

4.8%

No. of Pages in Report

303

Segments Covered

Trailer Type, Axle Type, Capacity, Application, Sales Channel, and Region.

Drivers

Rapid expansion of the automotive & transportation industries

Introduction of e-axle in trailers

Opportunities

Increase in use of lightweight materials for manufacturing of axles

Emergence of emission regulations for transport refrigeration units

Restrains

Fluctuating prices of raw materials used for manufacturing of axles

Covid-19 scenario-

  • Decreasing demand and supply outlook from the COVID-19 crisis restrictions in end-use industries such as manufacturing, electronics, and textile & apparel, and construction impacted the global trailer axle market negatively.

  • Operations with limited workforce capacity worsened the market condition even more. However, as the global situation is getting back to normalcy, the market for trailer axle has also started gaining traction.

The global trailer axle market is analyzed across Trailer Type, Axle Type, Capacity, Application, Sales Channel, and Region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

Based on trailer type, the dry van & box segment accounted for nearly one-third of the total market share in 2021, and is anticipated to rule the roost by 2031. The others segment, however, would register the fastest CAGR of 7.4% during the forecast period. The other segments analyzed in the report include Refrigerator, Chemicals & liquid, Tippers, and Flatbed.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/2934

Based on Axle type, the tandem axle segment contributed to nearly two-fifths of the total market revenue in 2021, and is expected to lead the trail by the end of 2031. The three or more than three-axle segment, on the other hand, would exhibit the fastest CAGR of 6.1% throughout the forecast period. The single axle segment is also analyzed in the report.

Based on sales channel, the OEM segment contributed to 89.1% of the total market revenue in 2021, and is expected to dominate by 2031. At the same time, the aftermarket segment would showcase the fastest CAGR of 6.2% throughout the forecast period.

Based on application, the medium-weight trailers segment held more than two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The heavy trailers segment, simultaneously, would manifest the fastest CAGR of 6.2% throughout the forecast period. The lightweight trailer segment is also assessed in the report.

Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/2934

Based on region, the market across Asia-Pacific generated more than half of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The LAMEA region, at the same time, would manifest the fastest CAGR of 7.1% during the forecast period. The other regions studied in the report include North America and Europe.

The key market players analyzed in the global trailer axle market report include BPW Group, Dana Incorporated, DexKo Global Inc., GuangZhou TND Axle Co., Ltd., Hendrickson Corporation, American Axle & Manufacturing, Inc., Dexter Axle Company, Hitachi Ltd., SAF-Holland, Schmitz Cargobull, Shandong Huayue, ZF Friedrichshafen AG, FUWA K Hitch, and JOST Axle Systems, Meritor, Inc. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.

Buy Complete Report Now! https://www.alliedmarketresearch.com/checkout-final/cea62b827af5632f4446ec1a452bb2bb

Similar Reports We Have on Automotive Industry:

E-axle Market by Drive Type (Forward Wheel Drive, Rear Wheel Drive, and All-wheel Drive), Component (Combining Motors, Power Electronics, Transmission, and Others), and Vehicle Type (ICE Vehicle (Passenger & Commercial Vehicles), and Electric Vehicles): Global Opportunity Analysis and Industry Forecast, 2018–2030.

Commercial Vehicle Axles Market by Product (Dead Axle, Live Axle, and Tandem Axle) and Application (Freight Transport and Passenger Transport) - Global Opportunity Analysis and Industry Forecast, 2017-2030.

Automotive Front Axle Market by Type (Carbon Steel Type, Steel Type, and Others) and Application (Passenger Cars and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Rail Axles Market by Axle Type (Hollow and Solid Axles), End Use (High Speed Railway, Fast Speed Railway, Subway, and Other End Users), Sales Channel (OEMs and Aftermarket), and Product Type (Less Than 600 mm, 600–1000 mm, 1000–1100 mm, and Above 1100 mm): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Real Axle Steering Market by Product Type (Single/Central Actuator and Dual Actuator), Application (Passenger Vehicle and Light Commercial Vehicle) and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Truck Axle Market by Type (Rigid Axles, Drive Steer Axles, and Non-Drive Steer Axles), Application (Light-Duty Trucks, Medium-Duty Trucks, and Heavy-Duty Trucks): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Automotive Transaxle Market by Types (Front Engine & Front Wheel Drive, Rear Engine & Rear Wheel Drive, Front Engine & Rear Wheel Drive, and All Wheel Drive), Operation (Manual and Automatic), Vehicle Type (Passenger Cars and Commercial Vehicles), and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Automotive Axle & Propeller Shaft Market by Type (Live Axle, Dead Axle, Tandem Axle, Single Piece Propeller Shaft, Multi Piece Propeller Shaft, Slip in Tube Propeller Shaft), by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), by Sales Channel (Original Equipment Manufacturer, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020-2030.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

Follow Us on | Facebook | Twitter | LinkedIn |