The global HCV axles market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 2.2 billion by 2030. The growth of this market can be attributed to the increasing demand for heavy-duty vehicles in emerging economies such as India and China, which are witnessing rapid economic growth and urbanization. The increasing demand for heavy-duty vehicles in these countries is also driving the demand for HCV axles globally.
Some Of The Growth Factors Of This Market:
- HCV Axles market growth is driven by the increasing demand for commercial vehicles and passenger cars.
- The HCV Axles market growth is also driven by the increasing demand for light trucks in emerging economies such as China and India.
- The HCV Axles market growth is also driven by the increase in vehicle production, which has led to an increase in axle production, which has led to an increase in axle sales revenue.
- The HCV Axles market growth is also driven by the increased use of axles on heavy duty trucks due to their increased weight capacity and durability over time compared with other types of truck suspensions systems such as leaf springs or torsion bars.
- The HCV Axles market growth is also driven by the introduction of new technologies that have improved performance and reduced weight.
Industry Growth Insights published a new data on “HCV Axles Market”. The research report is titled “HCV Axles Market research by Types (Above 14 Tons, 8-14 Tons, Below 8 Tons), By Applications (Semi Trailers, Straight Trucks, Fire Trucks, Dump Trucks, Buses, Others), By Players/Companies BRIST Axle Systems SRL, American Axle & Manufacturing Inc., Dana Ltd., Meritor Inc., PRESS KOGYO, HANDE Axle, Shandong Heavy Industry, Sichuan Jian'an, Magneti Marelli, SINOTRUK, Hyundai WIA”.
Scope Of The Report
Report Attributes
Report Details
Report Title
HCV Axles Market Research Report
By Type
Above 14 Tons, 8-14 Tons, Below 8 Tons
By Application
Semi Trailers, Straight Trucks, Fire Trucks, Dump Trucks, Buses, Others
By Companies
BRIST Axle Systems SRL, American Axle & Manufacturing Inc., Dana Ltd., Meritor Inc., PRESS KOGYO, HANDE Axle, Shandong Heavy Industry, Sichuan Jian'an, Magneti Marelli, SINOTRUK, Hyundai WIA
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global HCV Axles Market Report Segments:
The global HCV Axles market is segmented on the basis of:
Types
Above 14 Tons, 8-14 Tons, Below 8 Tons
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
Semi Trailers, Straight Trucks, Fire Trucks, Dump Trucks, Buses, Others
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:
- BRIST Axle Systems SRL
- American Axle & Manufacturing Inc.
- Dana Ltd.
- Meritor Inc.
- PRESS KOGYO
- HANDE Axle
- Shandong Heavy Industry
- Sichuan Jian'an
- Magneti Marelli
- SINOTRUK
- Hyundai WIA
Highlights of The HCV Axles 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:
- Above 14 Tons
- 8-14 Tons
- Below 8 Tons
- By Application:
- Semi Trailers
- Straight Trucks
- Fire Trucks
- Dump Trucks
- Buses
- Others
- 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 HCV Axles 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
HCV axles are the connecting rods in a HCV engine. They help to move the pistons and valves around, and they also help to turn the crankshaft.
Some of the major players in the hcv axles market are BRIST Axle Systems SRL, American Axle & Manufacturing Inc., Dana Ltd., Meritor Inc., PRESS KOGYO, HANDE Axle, Shandong Heavy Industry, Sichuan Jian'an, Magneti Marelli, SINOTRUK, Hyundai WIA.
The hcv axles market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. HCV Axles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. HCV Axles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. HCV Axles Market - Supply Chain
4.5. Global HCV Axles Market Forecast
4.5.1. HCV Axles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. HCV Axles Market Size (000 Units) and Y-o-Y Growth
4.5.3. HCV Axles Market Absolute $ Opportunity
5. Global HCV Axles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. HCV Axles Market Size and Volume Forecast by Type
5.3.1. Above 14 Tons
5.3.2. 8-14 Tons
5.3.3. Below 8 Tons
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global HCV Axles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. HCV Axles Market Size and Volume Forecast by Application
6.3.1. Semi Trailers
6.3.2. Straight Trucks
6.3.3. Fire Trucks
6.3.4. Dump Trucks
6.3.5. Buses
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global HCV Axles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. HCV Axles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global HCV Axles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. HCV Axles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global HCV Axles Demand Share Forecast, 2019-2026
9. North America HCV Axles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America HCV Axles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America HCV Axles Market Size and Volume Forecast by Application
9.4.1. Semi Trailers
9.4.2. Straight Trucks
9.4.3. Fire Trucks
9.4.4. Dump Trucks
9.4.5. Buses
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America HCV Axles Market Size and Volume Forecast by Type
9.7.1. Above 14 Tons
9.7.2. 8-14 Tons
9.7.3. Below 8 Tons
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America HCV Axles Demand Share Forecast, 2019-2026
10. Latin America HCV Axles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America HCV Axles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America HCV Axles Market Size and Volume Forecast by Application
10.4.1. Semi Trailers
10.4.2. Straight Trucks
10.4.3. Fire Trucks
10.4.4. Dump Trucks
10.4.5. Buses
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America HCV Axles Market Size and Volume Forecast by Type
10.7.1. Above 14 Tons
10.7.2. 8-14 Tons
10.7.3. Below 8 Tons
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America HCV Axles Demand Share Forecast, 2019-2026
11. Europe HCV Axles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe HCV Axles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe HCV Axles Market Size and Volume Forecast by Application
11.4.1. Semi Trailers
11.4.2. Straight Trucks
11.4.3. Fire Trucks
11.4.4. Dump Trucks
11.4.5. Buses
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe HCV Axles Market Size and Volume Forecast by Type
11.7.1. Above 14 Tons
11.7.2. 8-14 Tons
11.7.3. Below 8 Tons
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe HCV Axles Demand Share, 2019-2026
12. Asia Pacific HCV Axles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific HCV Axles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific HCV Axles Market Size and Volume Forecast by Application
12.4.1. Semi Trailers
12.4.2. Straight Trucks
12.4.3. Fire Trucks
12.4.4. Dump Trucks
12.4.5. Buses
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific HCV Axles Market Size and Volume Forecast by Type
12.7.1. Above 14 Tons
12.7.2. 8-14 Tons
12.7.3. Below 8 Tons
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific HCV Axles Demand Share, 2019-2026
13. Middle East & Africa HCV Axles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa HCV Axles Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa HCV Axles Market Size and Volume Forecast by Application
13.4.1. Semi Trailers
13.4.2. Straight Trucks
13.4.3. Fire Trucks
13.4.4. Dump Trucks
13.4.5. Buses
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa HCV Axles Market Size and Volume Forecast by Type
13.7.1. Above 14 Tons
13.7.2. 8-14 Tons
13.7.3. Below 8 Tons
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa HCV Axles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global HCV Axles Market: Market Share Analysis
14.2. HCV Axles Distributors and Customers
14.3. HCV Axles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BRIST Axle Systems SRL
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. American Axle & Manufacturing Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dana Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Meritor Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. PRESS KOGYO
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. HANDE Axle
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shandong Heavy Industry
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sichuan Jian'an
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Magneti Marelli
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SINOTRUK
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hyundai WIA
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
