Market Overview:
The global commercial vehicle axle system market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for commercial vehicles across the globe. The global commercial vehicle axle system market is segmented on the basis of type, application and region. On the basis of type, the front axle segment is expected to account for a larger share of the global commercial vehicle axle system market in 2018. This can be attributed to increased demand for front axles from OEMs across regions due to their ability to handle greater loads as compared with rear axles.
Product Definition:
A commercial vehicle axle system is a set of two or more axles that are used to support the weight of a commercial vehicle. The purpose of a commercial vehicle axle system is to distribute the weight of the vehicle evenly across all of the axles, which helps to improve traction and stability. A commercial truck with multiple axles can carry significantly more weight than a truck with a single axle.
Front Axle:
The front axle is one of the important components in a vehicle. It helps to keep the vehicle balanced and moving forward. The front axle consists of wheels, tires, and suspension system that allows it to steer the vehicle easily.
In case of two wheeled vehicles, it provides better stability while driving at high speed as compared to four wheeled vehicles due to its ability to reduce vibrations between road surfaces and passenger cabin.
Rear Axle:
Rear axle is a component of the drivetrain that helps in carrying the payload and passengers or freight in towing vehicles. It is connected to the rear of a vehicle and two or more axles can be connected to it for better distribution of load. The main function performed by rear axle is transmission ratio change, i.e., low gear for high speed and vice versa.
Application Insights:
The OEMs segment dominated the global market in 2017. The major players including Daimler, Ford, GMC, and Isuzu have their axle manufacturing plants at various locations across the world. These companies manufacture a wide range of commercial vehicles for different applications such as logistics, heavy haulage and light hauling for local markets.
OEMs sources mention that 80% of a vehicle¢â‚¬â„¢s value is represented by its engine and 20% by its drivetrain components including transmission system & final drive assembly. Companies are thus focusing on increasing their presence across key regions to capitalize on growing demand from end-users which include transport companies as well as individual consumers who require customized vehicles according to their requirements or demands.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing sales of commercial vehicles in China, India, South Korea, and Taiwan. In addition, rising demand for heavy-duty trucks is anticipated to drive regional product demand.
Europe accounted for a significant share of revenue in 2017 owing to high demand from countries such as Germany and France. However, stringent regulations by governments coupled with limited R&D capabilities are acting as major restraints for the market growth across this region.
Growth Factors:
- Increasing demand for commercial vehicles due to rising disposable income and globalization.
- Growing urbanization and industrialization, which is resulting in an increase in the demand for commercial vehicles.
- Technological advancements in axle systems that are making them more efficient and reliable.
- Stringent government regulations mandating the use of axle systems with better safety features and fuel efficiency standards in commercial vehicles.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Axle System Market Research Report
By Type
Front Axle, Rear Axle
By Application
Aftermarket, OEMs
By Companies
AAM, Meritor, DANA, ZF, PRESS KOGYO, HANDE Axle, BENTELER, Sichuan Jian'an, KOFCO, Gestamp, Shandong Heavy Industry, Hyundai Dymos, Magneti Marelli, IJT Technology Holdings, SINOTRUK, SAF-HOLLAND, SG Automotive
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Axle System Market Report Segments:
The global Commercial Vehicle Axle System market is segmented on the basis of:
Types
Front Axle, Rear Axle
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aftermarket, OEMs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AAM
- Meritor
- DANA
- ZF
- PRESS KOGYO
- HANDE Axle
- BENTELER
- Sichuan Jian'an
- KOFCO
- Gestamp
- Shandong Heavy Industry
- Hyundai Dymos
- Magneti Marelli
- IJT Technology Holdings
- SINOTRUK
- SAF-HOLLAND
- SG Automotive
Highlights of The Commercial Vehicle Axle System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Front Axle
- Rear Axle
- By Application:
- Aftermarket
- OEMs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Vehicle Axle System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A commercial vehicle axle system is a type of suspension system used on trucks, buses, and other large vehicles. It consists of two or more axles that are connected by a rotating joint. The axle systems allow the vehicles to move in different directions and at different speeds.
Some of the major companies in the commercial vehicle axle system market are AAM, Meritor, DANA, ZF, PRESS KOGYO, HANDE Axle, BENTELER, Sichuan Jian'an, KOFCO, Gestamp, Shandong Heavy Industry, Hyundai Dymos, Magneti Marelli, IJT Technology Holdings, SINOTRUK, SAF-HOLLAND, SG Automotive.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle Axle System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Vehicle Axle System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle Axle System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Vehicle Axle System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Vehicle Axle System Market Size & Forecast, 2020-2028
4.5.1 Commercial Vehicle Axle System Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle Axle System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Front Axle
5.2.2 Rear Axle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Aftermarket
6.2.2 OEMs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle Axle System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Vehicle Axle System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Front Axle
9.6.2 Rear Axle
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Aftermarket
9.10.2 OEMs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Front Axle
10.6.2 Rear Axle
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Aftermarket
10.10.2 OEMs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Front Axle
11.6.2 Rear Axle
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Aftermarket
11.10.2 OEMs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Front Axle
12.6.2 Rear Axle
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Aftermarket
12.10.2 OEMs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Front Axle
13.6.2 Rear Axle
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Aftermarket
13.10.2 OEMs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Vehicle Axle System Market: Competitive Dashboard
14.2 Global Commercial Vehicle Axle System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AAM
14.3.2 Meritor
14.3.3 DANA
14.3.4 ZF
14.3.5 PRESS KOGYO
14.3.6 HANDE Axle
14.3.7 BENTELER
14.3.8 Sichuan Jian'an
14.3.9 KOFCO
14.3.10 Gestamp
14.3.11 Shandong Heavy Industry
14.3.12 Hyundai Dymos
14.3.13 Magneti Marelli
14.3.14 IJT Technology Holdings
14.3.15 SINOTRUK
14.3.16 SAF-HOLLAND
14.3.17 SG Automotive
