According to a market report by Lucintel, the future of the global trailer axle market looks promising with opportunities in the lightweight trailer, medium-weight trailer, and heavy trailer markets. The global trailer axle market is expected to reach an estimated $9.1 billion by 2030 from $6.9 billion in 2024, at a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing automotive sectors, rise in freight transportation, and emergence of e-axle in trailers.
A more than 150-page report to understand trends, opportunity and forecast in trailer axle market to 2030 by trailer type (dry van & box, refrigerator, chemicals & liquid, tippers, flatbed, and others), axle type (single axle, tandem axle, and three or more than three-axle), application (lightweight trailers, medium-weight trailers, and heavy trailers), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the trailer type category, dry van & box segment is expected to witness the highest growth over the forecast period.
Within the application category, heavy trailer is expected to witness the highest growth over the forecast period.
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In terms of regions, APAC is expected to witness the highest growth over the forecast period.
Jiangling Group Shandong Huayue Vehicle Parts, Hendrickson, Rogers Axle & Spring Works, Willex Trailer and Axle Sales, Meritor, Guangzhou TND Axle, American Axle & Manufacturing, DexKo Global, BPW Bergische Achsen, JOST Werke are the major suppliers in the trailer axle market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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