Report overview
Commercial Vehicle Axles is an integral component of commercial vehicles. Its main function is serving to transmit driving torque to the wheel, as well as to maintain the position of the wheels relative to each other and to the vehicle body. In addition to, the axles can also bear the weight of the vehicle plus any cargo.
This report aims to provide a comprehensive presentation of the global market for Commercial Vehicle Axle System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Commercial Vehicle Axle System. This report contains market size and forecasts of Commercial Vehicle Axle System in global, including the following market information:
Global Commercial Vehicle Axle System Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Commercial Vehicle Axle System Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Commercial Vehicle Axle System companies in 2022 (%)
The global Commercial Vehicle Axle System market was valued at US$ 45770 million in 2022 and is projected to reach US$ 53650 million by 2029, at a CAGR of 2.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Commercial Vehicle Axles key players include AAM, Meritor, DANA, BPW Group, PRESS KOGYO, etc. Global top five manufacturers hold a share over 20%.
North America is the largest market, with a share over 35%, followed by Europe and Asia (China Excluded), both have a share over 35%.
In terms of product, Rear Beam Axles is the largest segment, with a share over 70%. And in terms of application, the largest application is Light Duty Truck, followed by Heavy and Mid Duty Truck, Bus, etc.
We surveyed the Commercial Vehicle Axle System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Commercial Vehicle Axle System Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Commercial Vehicle Axle System Market Segment Percentages, by Type, 2022 (%)
Front Axle
Rear Axle
Global Commercial Vehicle Axle System Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Commercial Vehicle Axle System Market Segment Percentages, by Application, 2022 (%)
Aftermarket
OEMs
Global Commercial Vehicle Axle System Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Commercial Vehicle Axle System Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Commercial Vehicle Axle System revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Commercial Vehicle Axle System revenues share in global market, 2022 (%)
Key companies Commercial Vehicle Axle System sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Commercial Vehicle Axle System sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Commercial Vehicle Axle System, market overview.
Chapter 2: Global Commercial Vehicle Axle System market size in revenue and volume.
Chapter 3: Detailed analysis of Commercial Vehicle Axle System manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Commercial Vehicle Axle System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Commercial Vehicle Axle System capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
