Commercial Vehicle Axles Market

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.

Commercial Vehicle Axles Market 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