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 contains market size and forecasts of Commercial Vehicle Axles in global, including the following market information:
Global Commercial Vehicle Axles Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Commercial Vehicle Axles Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Commercial Vehicle Axles companies in 2021 (%)
The global Commercial Vehicle Axles market was valued at 45770 million in 2021 and is projected to reach US$ 53650 million by 2028, at a CAGR of 2.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Front Axles Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Commercial Vehicle Axles include AAM, Meritor, DANA, PRESS KOGYO, SAF-HOLLAND, BPW Group, MAN, ZF and Korea Flange, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Commercial Vehicle Axles 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 Axles Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Commercial Vehicle Axles Market Segment Percentages, by Type, 2021 (%)
Front Axles
Rear Beam Axles
Global Commercial Vehicle Axles Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Commercial Vehicle Axles Market Segment Percentages, by Application, 2021 (%)
Bus
Heavy and Mid Duty Truck
Light Duty Truck
Others
Global Commercial Vehicle Axles Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Commercial Vehicle Axles Market Segment Percentages, By Region and Country, 2021 (%)
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 Axles revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Commercial Vehicle Axles revenues share in global market, 2021 (%)
Key companies Commercial Vehicle Axles sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Commercial Vehicle Axles sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
AAM
Meritor
DANA
PRESS KOGYO
SAF-HOLLAND
BPW Group
MAN
ZF
Korea Flange
RABA
IJT Technology Holdings
AxleTech International
Dongfeng DANA
Shaanxi HanDe
FAW Heavy
CNHTC
Zoomlion
Guangxi Fangsheng
SG Automotive Group
Qingte Group