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Middle East and Africa Truck Axle Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Rigid Axles, Drive Steer Axles, and Non-Drive Steer Axles) and Application (Light-Duty Trucks, Medium-Duty Trucks, and Heavy-Duty Trucks)

  • ID: 5359902
  • Report
  • June 2021
  • Region: Middle East, Africa
  • 77 pages
  • The Insight Partners
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • Dana Limited
  • Qingte Group Co., Ltd.
  • SAF-HOLLAND SE
  • ZF Friedrichshafen AG
Medium-duty Trucks Segment is Expected to be the Fastest Growing during the Forecast Period of 2021-2028



According to this research study titled “MEA Truck Axle Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Type, and Application,” the market is expected to reach US$ 75.89 million by 2028 from US$ 59.95 million in 2021. The market is estimated to grow at a CAGR of 3.4% from 2021 to 2028. The report provides trends prevailing in the MEA truck axle market along with the drivers and restraints pertaining to the market growth. Emergence of electrification in truck market is the major factor driving the growth of the MEA truck axle market. However, issues associated with the high manufacturing and maintenance cost of trucks hinder the growth of MEA truck axle market.

The MEA truck axle market is segmented into type, application, and country. Based on type, the market is segmented into rigid axle, drive steer axles, and non-drive steer axles. The rigid axle segment dominated the market in the year 2020 and is also expected to be the fastest growing during forecast period. In terms of application, the truck axle market is segmented into light-duty trucks, medium-duty trucks, and heavy-duty trucks. Light-duty trucks segment dominated the market in the year 2020 and medium-duty trucks is expected to be the fastest growing during the forecast period.

While the COVID-19 pandemic and historically low oil prices are disrupting the political economy of the Gulf, the pandemic has proved the region’s tech pliability. The outbreak of the COVID-19 pandemic has undoubtedly been the major test of the Gulf’s industrialization initiative. According to the Institute of Chartered Accountants in England and Wales (ICAEW), the Middle East economy is anticipated to witness a sharp slowdown in the first half of 2020, regardless of impetus packages as well as monetary rate cuts to relax the economic setback of the COVID-19 outbreak. Further, the Middle East economy is projected to notice a pickup in the second half of 2020, after both demand and supply-side disruptions disappear.

Dana Limited; Qingte Group Co., Ltd.; SAF-HOLLAND SE; Shandong Heavy Industry Group Co., Ltd.; Sinotruk (Hong Kong) Limited; and ZF Friedrichshafen AG are among the leading companies in the MEA truck axle market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, SINOTRUK's Intelligent Pure Electric Container Truck Carried out the World's First Whole-vessel Operation Successfully.

The report segments the MEA Truck Axle market as follows:

MEA Truck Axle Market - By Type
  • Rigid Axle
  • Drive Steer Axles
  • Non-drive Steer Axles
MEA Truck Axle Market - By Application
  • Light-duty trucks
  • Medium-duty trucks
  • Heavy-duty trucks
MEA Truck Axle Market - By Country
  • South Africa
  • Rest of MEA
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Dana Limited
  • Qingte Group Co., Ltd.
  • SAF-HOLLAND SE
  • ZF Friedrichshafen AG
1. Introduction
1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. MEA Truck Axle Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. MEA Truck Axle Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth in Manufacturing Processes
5.2 Market Restraints
5.2.1 Inflated Manufacturing and Maintenance Cost of Trucks
5.3 Market Opportunities
5.3.1 Cascading Production of Trucks in Developing Countries
5.4 Future Trends
5.4.1 Occurrence of Electrification in Truck Market
5.5 Impact Analysis of Drivers and Restraints

6. Truck Axle - MEA Market Analysis
6.1 MEA Truck Axles Market Overview
6.2 MEA Truck Axle Market Revenue Forecast and Analysis

7. MEA Truck Axle Market Revenue and Forecast to 2028 - Type
7.1 Overview
7.2 MEA Truck Axle Market, by Type (2020 and 2028)
7.3 Rigid Axles
7.3.1 Overview
7.3.2 Rigid Axles: MEA Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
7.4 Drive Steer Axles
7.4.1 Overview
7.4.2 Drive Steer Axles: MEA Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
7.5 Non-drive Steer Axles
7.5.1 Overview
7.5.2 Non-drive Steer Axles: MEA Truck Axle Market Revenue and Forecast to 2028 (US$ Million)

8. MEA Truck Axle Market Revenue and Forecast to 2028 - Application
8.1 Overview
8.2 MEA Truck Axle Market, by Application (2020 and 2028)
8.3 Light-Duty Trucks
8.3.1 Overview
8.3.2 Light-Duty Trucks: MEA Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
8.4 Medium-Duty Trucks
8.4.1 Overview
8.4.2 Medium-Duty Trucks: MEA Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
8.5 High-Duty Trucks
8.5.1 Overview
8.5.2 High-duty Trucks: MEA Truck Axle Market Revenue and Forecast to 2028 (US$ Million)

9. MEA Truck Axle Market - Country Analysis
9.1 Overview
9.1.1 MEA: Truck Axle Market, by Key Country
9.1.1.1 South Africa: Truck Axle Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Truck Axle Market, by Type
9.1.1.1.2 South Africa: Truck Axle Market, by Application
9.1.1.2 Rest of MEA: Truck Axle Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Rest of MEA: Truck Axle Market, by Type
9.1.1.2.2 Rest of MEA: Truck Axle Market, by Application

10. MEA Truck Axle Market - COVID-19 Impact Analysis
10.1 Overview

11. Industry Landscape
11.1 Overview
11.2 Market Initiative

12. Company Profiles
12.1 Qingte Group Co., Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Dana Limited
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 SAF-HOLLAND SE
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Shandong Heavy Industry Group Co., Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sinotruk (Hong Kong) Limited
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ZF Friedrichshafen AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments

13. Appendix
13.1 About the Publisher
13.2 Word Index

List of Tables
Table 1. MEA Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA: Truck Axle Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Truck Axle Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Truck Axle Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 5. Rest of MEA: Truck Axle Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of MEA: Truck Axle Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 7. List of Abbreviation

List of Figures
Figure 1. MEA Truck Axle Market Segmentation
Figure 2. MEA Truck Axle Market Segmentation - By Country
Figure 3. MEA Truck Axle Market Overview
Figure 4. Rigid Axle Segment Held the Largest Market Share in the MEA Truck Axle Market, by Type
Figure 5. Light - Duty Trucks Segment Held the Largest Market Share in the MEA Truck Axle Market, By Application
Figure 6. South Africa was the Largest Revenue Contributor in the MEA Truck Axle Market
Figure 7. Middle East and Africa - PEST Analysis
Figure 8. Truck Axle Market: Ecosystem Analysis
Figure 9. MEA Truck Axle Market Impact Analysis of Drivers and Restraints
Figure 10. MEA Truck Axle Market Revenue Forecast and Analysis (US$ Million)
Figure 11. MEA Truck Axle Market, by Type (2020 and 2028)
Figure 12. MEA Rigid Axles: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Drive Steer Axles: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Non-Drive Steer Axles: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Truck Axle Market, by Application (2020 and 2028)
Figure 16. MEA Light-Duty Trucks: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Medium-Duty Trucks: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA High-duty Trucks: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA: Truck Axle Market, by Key Country-Revenue 2020 (US$ Million)
Figure 20. MEA: Truck Axle Market Revenue Share, by Key Country (2020 & 2028)
Figure 21. South Africa: Truck Axle Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Rest of MEA: Truck Axle Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic in Middle East and Africa Countries
Note: Product cover images may vary from those shown
  • Dana Limited
  • Qingte Group Co., Ltd.
  • SAF-HOLLAND SE
  • Shandong Heavy Industry Group Co., Ltd.
  • Sinotruk (Hong Kong) Limited
  • ZF Friedrichshafen AG
Note: Product cover images may vary from those shown
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