Hollow Axles - Global Strategic Business Report

Global Hollow Axles Market to Reach $1.5 Billion by 2030

The global market for Hollow Axles estimated at US$942.1 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2022-2030. Mainline Trains, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$651.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Freight Trains segment is readjusted to a revised 5.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $256.7 Million, While China is Forecast to Grow at 10.1% CAGR

The Hollow Axles market in the U.S. is estimated at US$256.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$340.9 Million by the year 2030 trailing a CAGR of 10.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Select Competitors (Total 34 Featured) -

• Dana, Inc.
• GKN Plc
• Hyundai Wia Corporation
• JTEKT Corporation
• Nexteer;

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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