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North 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: 5359967
  • Report
  • June 2021
  • Region: North America
  • 98 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
  • MORE
Rigid Axle Segment to Dominate North America Truck Axle Market during 2021-2028.



According to this research study titled “North America Truck Axle Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Type, and Application,” the market is expected to reach US$ 545.38 million by 2028 from US$ 384.38 million in 2021. The market is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The report provides trends prevailing in the North America truck axle market along with the drivers and restraints pertaining to the market growth. Enhanced focus on new product development is the major factor driving the growth of the North America truck axle market. However, issues associated with the elevated manufacturing and maintenance cost of trucks hinder the growth of North America truck axle market.

The North America 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.

In North America, increasing number of infected individuals have led the governments in various countries to impose lockdowns. Most of the manufacturing facilities were either temporarily shut or are operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the North American manufacturers in 2020. Majority of the manufacturing plants are shut down, municipalities are functioning slowly compared to past, and the automotive, manufacturing, and semiconductor industries are at a halt, which is negatively impacting the truck axle market. As per Geotab Inc.'s study, a significant drop has been witnessed in commercial transportation activity in the US and Canada. With a decline in commercial transportation activity, the growth of truck axle market in the region has been negatively impacted. However, the manufacturing plants, automotive industry, and several other businesses have now started functioning slowly, which may improve the growth of the truck axle market to some extent in the coming quarters. The impact of COVID-19 is short-term on the market and it is likely to decrease in the coming quarters.

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 North America 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 to Acquire Portion of Light-Vehicle Thermal Business from Modine Manufacturing Company.

The report segments the North America Truck Axle market as follows:

North America Truck Axle Market - By Type
  • Rigid Axle
  • Drive Steer Axles
  • Non-drive Steer Axles
North America Truck Axle Market - By Application
  • Light-duty trucks
  • Medium-duty trucks
  • Heavy-duty trucks
North America Truck Axle Market - By Country
  • US
  • Canada
  • Mexico
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
  • MORE
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. North America Truck Axle Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. North America Truck Axle Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Progress in Manufacturing Processes
5.2 Market Restraints
5.2.1 Elevated Manufacturing and Maintenance Cost of Trucks
5.3 Market Opportunities
5.3.1 Rising Production of Trucks in Developing Countries
5.4 Future Trends
5.4.1 Emergence of Electrification in Truck Market
5.5 Impact Analysis of Drivers and Restraints

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

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

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

9. North America Truck Axle Market - Country Analysis
9.1 Overview
9.1.1 North America: Truck Axle Market, by Key Country
9.1.1.1 US: Truck Axle Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Truck Axle Market, by Type
9.1.1.1.2 US: Truck Axle Market, by Application
9.1.1.2 Canada: Truck Axle Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Truck Axle Market, by Type
9.1.1.2.2 Canada: Truck Axle Market, by Application
9.1.1.3 Mexico: Truck Axle Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Truck Axle Market, by Type
9.1.1.3.2 Mexico: Truck Axle Market, by Application

10. North America 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. North America Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Truck Axle Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Truck Axle Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Truck Axle Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Truck Axle Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Truck Axle Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: Truck Axle Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Truck Axle Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 9. List of Abbreviation

List of Figures
Figure 1. North America Truck Axle Market Segmentation
Figure 2. North America Truck Axle Market Segmentation - By Country
Figure 3. North America Truck Axle Market Overview
Figure 4. Rigid Axle Segment Held the Largest Market Share in the North America Truck Axle Market, by Type
Figure 5. Light-Duty Trucks Segment Held the Largest Market Share in the North America Truck Axle Market, By Application
Figure 6. US is the Largest Revenue Contributor in the North America Truck Axle Market
Figure 7. North America - PEST Analysis
Figure 8. North America Truck Axle Market: Ecosystem Analysis
Figure 9. North America Truck Axle Market Impact Analysis of Drivers and Restraints
Figure 10. North America Truck Axle Market Revenue Forecast and Analysis (US$ Million)
Figure 11. North America Truck Axle Market, by Type (2020 and 2028)
Figure 12. North America Rigid Axles: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Drive Steer Axles: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Non-Drive Steer Axles: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Truck Axle Market, by Application (2020 and 2028)
Figure 16. Light-Duty Trucks: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Medium-Duty Trucks: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. High-duty Trucks: Truck Axle Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America: Truck Axle Market, by Key Country-Revenue 2020 (US$ Million)
Figure 20. North America: Truck Axle Market Revenue Share, by Key Country (2020 & 2028)
Figure 21. US: Truck Axle Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Canada: Truck Axle Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Mexico: Truck Axle Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic in North American 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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