Global Commercial Vehicle Axle Market 2018-2022

Overview of the global commercial vehicle axle market

Technavio’s market research analysts have identified the rising demand for commercial vehicles in emerging countries as one of the primary factors that will trigger the growth of the commercial vehicle axle market in the coming years. Axles are one of the major components of commercial vehicles and the high sales volume of commercial vehicles determines the production and sales of commercial vehicle axles. Emerging countries such as China and India are the major manufacturing hubs in the world. These countries handle a large amount of inventory and they transport these materials to several locations such as port and warehouse. In India and China, the increased connectivity of motorways and lack of sufficient rail network are driving the road mode of freight transport. These factors are certainly going to drive the demand for additional commercial vehicles. Our analysts predicted that in terms of units, the market will grow at a CAGR of more than 5% by 2022.

The growing demand for e-axles in commercial vehicles is one of the key trends in the commercial vehicle axle market. E-axles are gaining traction in plug-in hybrid and battery electric vehicles as they offer better load distribution and enhance fuel economy. Moreover, the stringent emission norms and the growing popularity of fuel-efficient vehicles among the end-users is compelling the OEMs to focus on increasing the efficiency. The demand for e-axles is increasing owing to their lighter weight and better packaging in a confined space.

Companies covered

The commercial vehicle axle market appears to be marginally concentrated due to the presence of few key vendors. This industry research report offers in-depth analysis of the competitive strategies adopted by the vendors to sustain among the competitors in the car axle market. Technavio’s analysts also study the key market areas along with the product offerings of the vendors in the commercial vehicle axle market.

The report includes an analysis of a number of companies in this marketspace including -

• American Axle & Manufacturing
• AXLETECH
• Dana
• Meritor
• SAF-HOLLAND

Segmentation by application and analysis of the commercial vehicle axle market

• LCV
• M&HCV

The M&HCV segment accounted for the major share of the car axle market during 2017. However, the rise in the manufacturing sector and increasing need for last-mile delivery would increase the market share for the LCV segment in the forthcoming years.

Geographical segmentation and analysis of the commercial vehicle axle market

• Americas
• APAC
• EMEA

In terms of geography, APAC accounted for the majority of shares in the car axle market during 2017. Due to the increasing demand for logistics and transportation, this region has the highest growth in the sales of commercial vehicles. Moreover, the M&HCVs market in APAC is driven by increasing investments in infrastructural development.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global commercial vehicle axle market?
• What are the key market trends impacting the growth of the global commercial vehicle axle market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial vehicle axle market?
• What are the market opportunities and threats faced by the vendors in the global commercial vehicle axle market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global commercial vehicle axle market?

Technavio also offers customization on reports based on specific client requirement.