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Global Trailer Axle Market to reach USD XX million by 2028.

Global Trailer Axle Market Size study, By Trailer Type (Dry van & box, Refrigerator, Chemicals & liquid, Tippers, Flatbed, others), By Axle Type (Single Axle, Tandem axle, Three or more than three-axle), By Capacity (Lower than 8, 000 lbs, 8, 000-15, 000 lbs, 15, 000-25, 000 lbs, More than 25, 000 lbs), By Application (Lightweight trailers, Medium-weight trailers, Heavy trailers), By Sales Channel (OEM, Aftermarket), and Regional Forecasts 2022-2028

Product Code: ALTAMC-54831038
Publish Date: 14-08-2022
Page: 200

Global Trailer Axle Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.

The Trailer Axle can be defined as a transverse shaft whose ends enter the wheel hub. It also supports the weight of the vehicle. Trailer Axle comprised of different components such as the beam, the swivel pin, the track rod, and the stub axle. Generally, there are two types of axles are used in trailers including leaf spring axles and torsion axles. Torsion axles are mounted directly to the frame whereas leaf spring axle attached with trailer axle with the application of U-bolts. The rising logistics and transportation Sector and rising expansion of automotive & transportation industry as well as recent product announcements from leading market players are factors that are accelerating the global market demand. For instance, according to Statista- In 2020, the logistics industry worldwide was estimated at USD 5730 billion, and the logistics industry is projected to cross USD 6930 billion by 2024. Furthermore, leading market players are coming up with innovative products to leverage the growing demand for Trailer Axles. For instance, in August 2021, SAE-SMB launched new trailer axle for car carriers in India. The new axles are compliant with CMVR (Central Motor Vehicles Rules), 1989 and regulations. Also, growing demand for heavy duty trailers across different industries and rising technological advancements in automobile sector are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a volatile cost of raw materials impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Trailer Axle Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing utilization of heavy-duty trailers across different industries and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of B2B logistics industry and presence of leading heavy duty vehicle manufacturers in the region, would create lucrative growth prospects for the global Trailer Axle Market across the Asia Pacific region.

Major market players included in this report are:
American Axle & Manufacturing, Inc
BPW Bergische Achsen KG
Dana Incorporated
Hendrickson USA, L.L.C.
Meritor, Inc.
Schmitz Cargobull
ZF Friedrichshafen AG
DexKo Global
Guangdong Fuwa Engineering Group Co., Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Trailer Type
Dry van & box
Chemicals & liquid
By Axle Type
Single Axle
Tandem axle
Three or more than three-axle
By Capacity
Lower than 8, 000 lbs
8, 000-15, 000 lbs
15, 000-25, 000 lbs
More than 25, 000 lbs
By Application
Lightweight trailers
Medium-weight trailers
Heavy trailers
By Sales Channel
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Trailer Axle Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Trailer Axle Market, by Region, 2020-2028 (USD Million)
1.2.2. Trailer Axle Market, by Trailer Type, 2020-2028 (USD Million)
1.2.3. Trailer Axle Market, by Axle Type, 2020-2028 (USD Million)
1.2.4. Trailer Axle Market, by Capacity, 2020-2028 (USD Million)
1.2.5. Trailer Axle Market, by Application, 2020-2028 (USD Million)
1.2.6. Trailer Axle Market, by Sales Channel, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Trailer Axle Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Trailer Axle Market Dynamics
3.1. Trailer Axle Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing logistics and transportation Sector. Rising expansion of automotive & transportation industry Recent product announcements from leading market players.
3.1.2. Market Challenges Volatile cost of raw materials.
3.1.3. Market Opportunities Growing demand for heavy duty trailers across different industries. Rising technological advancements in automobile sector.
Chapter 4. Global Trailer Axle Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Trailer Axle Market, by Trailer Type
6.1. Market Snapshot
6.2. Global Trailer Axle Market by Trailer Type, Performance – Potential Analysis
6.3. Global Trailer Axle Market Estimates & Forecasts by Trailer Type 2018-2028 (USD Million)
6.4. Trailer Axle Market, Sub Segment Analysis
6.4.1. Dry van & box
6.4.2. Refrigerator
6.4.3. Chemicals & liquid
6.4.4. Tippers
6.4.5. Flatbed
6.4.6. others
Chapter 7. Global Trailer Axle Market, by Axle Type
7.1. Market Snapshot
7.2. Global Trailer Axle Market by Axle Type, Performance – Potential Analysis
7.3. Global Trailer Axle Market Estimates & Forecasts by Axle Type 2018-2028 (USD Million)
7.4. Trailer Axle Market, Sub Segment Analysis
7.4.1. Single Axle
7.4.2. Tandem axle
7.4.3. Three or more than three-axle
Chapter 8. Global Trailer Axle Market, by Capacity
8.1. Market Snapshot
8.2. Global Trailer Axle Market by Capacity, Performance – Potential Analysis
8.3. Global Trailer Axle Market Estimates & Forecasts by Capacity 2018-2028 (USD Million)
8.4. Trailer Axle Market, Sub Segment Analysis
8.4.1. Lower than 8,000 lbs
8.4.2. 8,000-15,000 lbs
8.4.3. 15,000-25,000 lbs
8.4.4. More than 25,000 lbs
Chapter 9. Global Trailer Axle Market, by Application
9.1. Market Snapshot
9.2. Global Trailer Axle Market by Application, Performance – Potential Analysis
9.3. Global Trailer Axle Market Estimates & Forecasts by Application 2018-2028 (USD Million)
9.4. Trailer Axle Market, Sub Segment Analysis
9.4.1. Lightweight trailers
9.4.2. Medium-weight trailers
9.4.3. Heavy trailers
Chapter 10. Global Trailer Axle Market, by Sales Channel
10.1. Market Snapshot
10.2. Global Trailer Axle Market by Sales Channel, Performance – Potential Analysis
10.3. Global Trailer Axle Market Estimates & Forecasts by Sales Channel 2018-2028 (USD Million)
10.4. Trailer Axle Market, Sub Segment Analysis
10.4.1. OEM
10.4.2. Aftermarket
Chapter 11. Global Trailer Axle Market, Regional Analysis
11.1. Trailer Axle Market, Regional Market Snapshot
11.2. North America Trailer Axle Market
11.2.1. U.S. Trailer Axle Market Trailer Type estimates & forecasts, 2018-2028 Axle Type estimates & forecasts, 2018-2028 Capacity estimates & forecasts, 2018-2028 Application estimates & forecasts, 2018-2028 Sales Channel estimates & forecasts, 2018-2028
11.2.2. Canada Trailer Axle Market
11.3. Europe Trailer Axle Market Snapshot
11.3.1. U.K. Trailer Axle Market
11.3.2. Germany Trailer Axle Market
11.3.3. France Trailer Axle Market
11.3.4. Spain Trailer Axle Market
11.3.5. Italy Trailer Axle Market
11.3.6. Rest of Europe Trailer Axle Market
11.4. Asia-Pacific Trailer Axle Market Snapshot
11.4.1. China Trailer Axle Market
11.4.2. India Trailer Axle Market
11.4.3. Japan Trailer Axle Market
11.4.4. Australia Trailer Axle Market
11.4.5. South Korea Trailer Axle Market
11.4.6. Rest of Asia Pacific Trailer Axle Market
11.5. Latin America Trailer Axle Market Snapshot
11.5.1. Brazil Trailer Axle Market
11.5.2. Mexico Trailer Axle Market
11.6. Rest of The World Trailer Axle Market

Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. American Axle & Manufacturing, Inc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
12.2.2. BPW Bergische Achsen KG
12.2.3. Dana Incorporated
12.2.4. Hendrickson USA, L.L.C.
12.2.5. Meritor, Inc.
12.2.6. SAF-HOLLAND S.A.
12.2.7. Schmitz Cargobull
12.2.8. ZF Friedrichshafen AG
12.2.9. DexKo Global
12.2.10. Guangdong Fuwa Engineering Group Co., Ltd.
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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