Global Truck Axle Market 2020-2024

Global Truck Axle Market 2020-2024

Technavio has been monitoring the truck axle market and it is poised to grow by $ 0.55 bn during 2020-2024 progressing at a CAGR of 1% during the forecast period. Our reports on truck axle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the reduction in production cost of axle owing to advances in manufacturing technology, improvements in supply chain strategies and increase in demand for trucks.

The truck axle market analysis includes application segment and geographic landscapes.

Technavio's truck axle market is segmented as below:

By Application

  • Light-duty trucks
  • Heavy-duty trucks
  • Medium-duty trucks
By Geographic Landscapes
  • APAC
  • North America
  • Europe
  • South America
  • MEA
This study identifies the development of modular rear-axle system as one of the prime reasons driving the truck axle market growth during the next few years. Also, an increase in popularity of e-axle system and development of intelligent truck axle will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our truck axle market covers the following areas:
  • Truck axle market sizing
  • Truck axle market forecast
  • Truck axle market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading truck axle market vendors that include American Axle & Manufacturing Inc., Dana Ltd., Meritor Inc., Qingte Group Co. Ltd., Raba Automotive Holding Plc, SAF-HOLLAND SE, Shandong Heavy Industry Group Co. Ltd., Sinotruk (Hong Kong) Ltd., Sisu Axles Inc., and ZF Friedrichshafen AG. Also, the truck axle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis - Global automotive components and accessories market
      • Inputs
      • Inbound logistics
      • Operations
      • Distribution and logistics
      • Marketing and sales
      • Service
      • Industry innovations
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ billion)
      • Table Global truck axle market 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Application
    • Market segments
      • Table Application - Market share 2019-2024 (%)
    • Comparison by Application
      • Table Comparison by Application
    • Light-duty trucks - Market size and forecast 2019- 2024
      • Table Light-duty trucks - Market size and forecast 2019-2024 ($ billion)
      • Table Global truck axle market in light-duty trucks segment 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Light-duty trucks - Year-over-year growth 2019-2024 (%)
    • Heavy-duty trucks - Market size and forecast 2019-2024
      • Table Heavy-duty trucks - Market size and forecast 2019-2024 ($ billion)
      • Table Global truck axle market in heavy-duty trucks segment 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Heavy-duty trucks - Year-over-year growth 2019-2024 (%)
    • Medium-duty trucks - Market size and forecast 2019-2024
      • Table Medium-duty trucks - Market size and forecast 2019-2024 ($ billion)
      • Table Global truck axle market in medium-duty trucks segment 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Medium-duty trucks - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billion)
      • Table Truck axle market in APAC 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ billion)
      • Table Truck axle market in North America 2019-2024 ($ billion), exclusive of COVID- 19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billion)
      • Table Truck axle market in Europe 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ billion)
      • Table Truck axle market in South America 2019-2024 ($ billion), exclusive of COVID- 19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billion)
      • Table Truck axle market in MEA 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Reduction in production cost of axle owing to advances in manufacturing technology
      • Improvements in supply chain strategies
      • Increase in demand for trucks
    • Market challenges
      • High manufacturing cost of medium- and heavy-duty trucks
      • Increase in overhead cost for truck axle manufacturers due to recall of defective axles
      • Increase in axle load limit affecting truck axle sales
        • Table Impact of drivers and challenges
    • Market trends
      • Development of intelligent truck axle
      • Increase in popularity of e-axle system
      • Development of modular rear-axle system
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • American Axle & Manufacturing Inc.
      • Table American Axle & Manufacturing Inc. - Overview
      • Table American Axle & Manufacturing Inc. - Business segments
      • Table American Axle & Manufacturing Inc. - Key news
      • Table American Axle & Manufacturing Inc. - Key offerings
      • Table American Axle & Manufacturing Inc. - Segment focus
    • Dana Ltd.
      • Table Dana Ltd. - Overview
      • Table Dana Ltd. - Business segments
      • Table Dana Ltd. - Key news
      • Table Dana Ltd. - Key offerings
      • Table Dana Ltd. - Segment focus
    • Meritor Inc.
      • Table Meritor Inc. - Overview
      • Table Meritor Inc. - Business segments
      • Table Meritor Inc. - Key news
      • Table Meritor Inc. - Key offerings
      • Table Meritor Inc. - Segment focus
    • Qingte Group Co. Ltd.
      • Table Qingte Group Co. Ltd. - Overview
      • Table Qingte Group Co. Ltd. - Product and service
      • Table Qingte Group Co. Ltd. - Key offerings
    • Raba Automotive Holding Plc
      • Table Raba Automotive Holding Plc - Overview
      • Table Raba Automotive Holding Plc - Business segments
      • Table Raba Automotive Holding Plc - Key offerings
      • Table Raba Automotive Holding Plc - Segment focus
    • SAF-HOLLAND SE
      • Table SAF-HOLLAND SE - Overview
      • Table SAF-HOLLAND SE - Business segments
      • Table SAF-HOLLAND SE - Key news
      • Table SAF-HOLLAND SE - Key offerings
      • Table SAF-HOLLAND SE - Segment focus
    • Shandong Heavy Industry Group Co. Ltd.
      • Table Shandong Heavy Industry Group Co. Ltd. - Overview
      • Table Shandong Heavy Industry Group Co. Ltd. - Product and service
      • Table Shandong Heavy Industry Group Co. Ltd. - Key offerings
    • Sinotruk (Hong Kong) Ltd.
      • Table Sinotruk (Hong Kong) Ltd. - Overview
      • Table Sinotruk (Hong Kong) Ltd. - Business segments
      • Table Sinotruk (Hong Kong) Ltd. - Key offerings
      • Table Sinotruk (Hong Kong) Ltd. - Segment focus
    • Sisu Axles Inc.
      • Table Sisu Axles Inc. - Overview
      • Table Sisu Axles Inc. - Product and service
      • Table Sisu Axles Inc. - Key offerings
    • ZF Friedrichshafen AG
      • Table ZF Friedrichshafen AG - Overview
      • Table ZF Friedrichshafen AG - Business segments
      • Table ZF Friedrichshafen AG - Key news
      • Table ZF Friedrichshafen AG - Key offerings
      • Table ZF Friedrichshafen AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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