Trailer Axle Market is Expected to Surpass US$ 6.5 Bn by 2029

Published On : 11/22/2021

Brisk rate of industrialization, buckling international trade activities, and considerable increase in disposable income in emerging economies such as India, China, and Brazil, collectively continue to offer an indirect push to the trailer axle market. Increasing demand for durability of automobiles is anticipated to drive the global automotive trailer axle market.

By the end of 2019, the market value of trailer axles is set to reach US$ 6.5 Bn and is expected to witness 5% CAGR through 2029. With a sizeable incremental $ opportunity facing trailer axle market over the projection period, major opportunities are expected to be emerging through strong demand for heavy-duty trailers in developing economies of Latin America, followed by Russia and China.

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FACTS AT A GLANCE

Companies: Meritor, Inc.,Hendrickson Corporation,BPW Group,SAF-Holland S.A,Guangdong Fuwa Engineering Group Co., Ltd.,Schmitz Cargobull,Gigant – Trenkamp & Gehle GmbH,Guangzhou TND Axle Co., Ltd.,Redneck Trailer Supplies,JOST Axle Systems,York Transport Equipment (Asia) Pte Ltd.,H D TRAILERS PVT LTD,Rogers Willex,Dexter Axle Company

Coverage: All major geographies and key segments

Segments: Trailer Axle Market Segmented By Modular Trailer, Snowmobile Trailer Axle with Capacity of 8000 to Above 15,000 Tones

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-

Trailer Axle Market – Scope of the ReportPersistence Market Research (PMR) recently published a study report on the global trailer axle market. The report provides detailed valuation on the key market dynamics such as drivers, trends, opportunities, and restraints, along with detailed information about the trailer axle market structure. This market research report presents exclusive facts and figures about how the trailer axle market will grow over the forecast period.

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Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the trailer axle market over the forecast period.

The study is relevant for stakeholders in the trailer axle market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the trailer axle market can leverage the information and statistics presented in PMR’s research report.

The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the trailer axle market. The study also offers actionable insights based on the future trends in the trailer axle market. Furthermore, regional players and new entrants in the trailer axle market can also use the information presented in this report to make business decisions and gain momentum in the market.

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