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South America 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: 5359966
  • Report
  • June 2021
  • 96 pages
  • The Insight Partners
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • Dana Limited
  • Meritor, Inc.
  • Qingte Group Co., Ltd.
  • SAF-HOLLAND SE
  • ZF Friedrichshafen AG
Light-duty Trucks Segment to Dominate SAM Truck Axle Market during 2021-2028.



According to this research study titled “SAM Truck Axle Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Type, and Application,” the market is expected to reach US$ 54.16 million by 2028 from US$ 43.71 million in 2021. The market is estimated to grow at a CAGR of 3.1% from 2021 to 2028. The report provides trends prevailing in the SAM truck axle market along with the drivers and restraints pertaining to the market growth. Rising focus on new product development is one of the major factors driving the growth of the SAM truck axle market. However, issues associated with the costly manufacturing and maintenance of trucks hinder the growth of SAM truck axle market.

The SAM 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.

Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, Ecuador, and Argentina, among others. Governments in SAM have taken an array of actions to protect its citizens and contain COVID-19’s spread; therefore, imposed lockdowns to promote social distancing. As per the Brazil automaker’s association, it is anticipated that the sales of automotive will recover to pre-COVID-19 levels by 2025. Also, several automakers in the country have witnessed a sharp decline in their production capabilities. According to Anfavea, the automakers association, the automotive production is expected to witness a fall of 45% in 2020 compared to 2019. Also, the auto exports are expected to witness a decline of 53% for the same duration. Recently, Ford Motors announced to close its three production facilities and stop manufacturing operations in SAM region.

American Axle & Manufacturing, Inc.; Dana Limited; Meritor, Inc; Qingte Group Co., Ltd.; Rába Automotive Holding Plc.; SAF-HOLLAND SE; Shandong Heavy Industry Group Co., Ltd.; Sinotruk (Hong Kong) Limited; and ZF Friedrichshafen AG, are among the leading companies in the SAM 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 2020, Dana Launches Production of Spicer Electrified eS9000r e-Axle for Class 4 and 5 Commercial Vehicles.

The report segments the SAM Truck Axle market as follows:

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

FEATURED COMPANIES

  • Dana Limited
  • Meritor, Inc.
  • 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. SAM Truck Axle Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. SAM Truck Axle Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Developments in Manufacturing Processes
5.2 Market Restraints
5.2.1 Costly Manufacturing and Maintenance Cost of Trucks
5.3 Market Opportunities
5.3.1 Gush in Production of Trucks in Developing Countries
5.4 Future Trends
5.4.1 Introduction of Electrification in Truck Market
5.5 Impact Analysis of Drivers and Restraints

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

7. SAM Truck Axle Market Revenue and Forecast to 2028 - Type
7.1 Overview
7.2 SAM Truck Axle Market, by Type (2020 and 2028)
7.3 Rigid Axles
7.3.1 Overview
7.3.2 Rigid Axles: SAM 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: SAM 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: SAM Truck Axle Market Revenue and Forecast to 2028 (US$ Million)

8. SAM Truck Axle Market Revenue and Forecast to 2028 - Application
8.1 Overview
8.2 SAM Truck Axle Market, by Application (2020 and 2028)
8.3 Light-Duty Trucks
8.3.1 Overview
8.3.2 Light-Duty Trucks: SAM 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: SAM 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: SAM Truck Axle Market Revenue and Forecast to 2028 (US$ Million)

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

10. SAM 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 American Axle & Manufacturing, Inc.
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 Qingte Group Co., Ltd.
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 Meritor, Inc.
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 Rába Automotive Holding Plc.
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 Dana 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 SAF-HOLLAND SE
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
12.7 Shandong Heavy Industry Group Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sinotruk (Hong Kong) Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 ZF Friedrichshafen AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments

13. Appendix
13.1 About the Publisher
13.2 Word Index

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

List of Figures
Figure 1. SAM Truck Axle Market Segmentation
Figure 2. SAM Truck Axle Market Segmentation - By Country
Figure 3. SAM Truck Axle Market Overview
Figure 4. Rigid Axle Segment Held the Largest Market Share in the SAM Truck Axle Market, by Type
Figure 5. Light - Duty Trucks Segment Held the Largest Market Share in the SAM Truck Axle Market, By Application
Figure 6. Brazil was the Largest Revenue Contributor in the SAM Truck Axle Market
Figure 7. SAM - PEST Analysis
Figure 8. SAM Truck Axle Market: Ecosystem Analysis
Figure 9. SAM Truck Axle Market Impact Analysis of Drivers and Restraints
Figure 10. SAM Truck Axle Market Revenue Forecast and Analysis (US$ Million)
Figure 11. SAM Truck Axle Market, by Type (2020 and 2028)
Figure 12. SAM Rigid Axles: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. SAM Drive Steer Axles: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Non-Drive Steer Axles: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. SAM Truck Axle Market, by Application (2020 and 2028)
Figure 16. SAM Light-Duty Trucks: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Medium-Duty Trucks: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. SAM High-duty Trucks: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. SAM: Truck Axle Market, by Key Country-Revenue 2020 (US$ Million)
Figure 20. SAM: Truck Axle Market Revenue Share, by Key Country (2020 & 2028)
Figure 21. Brazil: Truck Axle Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Rest of SAM: Truck Axle Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic in SAM Countries
Note: Product cover images may vary from those shown
  • American Axle & Manufacturing, Inc.
  • Dana Limited
  • Meritor, Inc.
  • Qingte Group Co., Ltd.
  • Rába Automotive Holding Plc.
  • 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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