Trailer Axle Market to Cross US$ 8,879.2 Mn by 2025

Global Market Study
on Trailer Axle: Asia
Pacific to Lead in
Terms of Revenue Growth Through 2025
The global sales of automotive trailer axles is estimated to be valued at US$
5,979.9 Mn in 2017 and is projected to grow at a CAGR of 5.1% over the
forecast period and be valued at US$ 8,879.2 Mn by 2025. In terms of volume,
the global trailer axle market stood at 3,168‘000 Units in 2017 and is expected
to reach 4,549‘000 Units by 2025 end. The market is slated to expand at a
CAGR of 4.6% in terms of volume over the forecast period. According to a
recently published report by Persistence Market Research titled “Trailer Axle
Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025),”
manufacturers in the global trailer axle market are concentrating on a strategy
of introducing new sales channel specific product offerings, such as high
capacity trailers axles for heavy duty work to better address customer specific
requirements. Moreover, market players have been channelizing efforts towards
strengthening their distribution channels while also focusing on direct sales and
financing options.
Global Trailer Axle Market: Key Regional Takeaways
The North America market is expected to witness relatively steady growth
during the forecast period
Substantial growth in the Latin America market is attributed to the increasing
demand for trailer axles by OEMs to meet growing demand from Brazil and the
rest of Latin America
Significant trailer production is anticipated in the European market. The trailer
axle market in Europe is anticipated to witness relatively stable growth during
the forecast period
Asia Pacific is predicted to witness robust growth owing to a growing trailer
production in China and ASEAN countries
Turkey, South Africa, and Iran are expected to dominate the Middle East &
Africa trailer axle market
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Global Trailer Axle Market: Forecast by Sales Channel
By sales channel the market is segmented into OEM and aftermarket. In terms
of sales channel, the OEM segment is expected to be the most attractive and
dominating segment throughout the forecast period as trailer axles are rarely
replaced.
Global Trailer Axle Market: Forecast by Capacity
On the basis of capacity the market is segmented into <8000 lbs, 8000-15000
lbs and more than 15000 lbs. The 8,000-15,000 lbs segment remains lucrative
and will dominate global market demand over the forecast period, primarily due
to the fact that these trailer axles are quite popular and are relatively costefficient.
Global Trailer Axle Market: Forecast by Region
Five key geographies have been covered in this report to facilitate a detailed
understanding of the global market. Lower trailer production in MEA has
contributed to low share and incremental $ opportunity. Asia Pacific is
anticipated to lead the global market in terms of revenue, with an estimated
market share of more than 40% by 2025 end.
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Global Trailer Axle Market: Key Players
Some of the top companies operating in the global trailer axle market that have
been featured in this report include Meritor, Inc., Hendrickson Corporation,
BPW Group, SAF-Holland S.A, Guangdong Fuwa Engineering Group Co.,
Ltd., Schmitz Cargobull, Gigant - Trenkamp & Gehle GmbH, Guangzhou TND
Axle Co., Ltd., Redneck Trailer Supplies, JOST Axle Systems, York Transport
Equipment (Asia) Pte Ltd., H D TRAILERS PVT LTD, Rogers Willex and
Dexter Axle Company.
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