PUBLISHER: Allied Market Research | PRODUCT CODE: 1139932
PUBLISHER: Allied Market Research | PRODUCT CODE: 1139932
Axle is a central shaft utilized for rotating the wheels as well as supports the weight of the vehicle. It is an essential component in automobile and is categorized into three types such as front, rear, and stub. The axle is controlled by the movement of the steering in the vehicle. It is utilized in cars, trucks, trailer, buses, and other vehicles. In addition, axle types used in trailers are of two types such as leaf spring axles and torsion axles. Spring axles uses a spring to support the trailer and load. Spring axles are inexpensive and relatively easy to maintain. Torsion axles are made up of a square spindle surrounded on all four sides by rubber. The spindle is connected to torsion arms that is then attached to the wheels.
The growth of the global trailer axle market is propelling, due to expansion of automotive & transportation industry, introduction of e-axle in trailers, and introduction of emission regulations for transport refrigeration units. However, fluctuating prices of raw materials used for manufacturing of axles is the factor restraining the growth of the market. Furthermore, increase in use of lightweight material for manufacturing of axle is the factor expected to offer growth opportunities during the forecast period.
With increase in adoption of trailer axles across the globe, need for charging infrastructure is also growing subsequently. Government and private organizations in several countries are working closely to setup trailer axle charging infrastructure in their region to support e-mobility. For instance, Aqua superpower, a UK based company has been rapidly building its network of marine "superchargers" across the globe. Built to the highest IP65 standards, each station provides AC and DC fast charger with a high output of 150kW, enabling fast recharging of trailer axles.
The trailer axle market is segmented on the basis of trailer type, axle type, capacity, application, sales channel, and region. By trailer type, it is segmented into dry van & box, refrigerator, chemical & liquid, tippers, flatbed, and others. By axle type, it is classified into single axle, tandem axle, and three or more than three-axle. Based on capacity, it is fragmented into lower than 8,000 lbs, 8,000-15,000 lbs, 15,000-25,000 lbs, and more than 25,000 lbs. By application, it is bifurcated into lightweight trailers, medium-weight trailers, and heavy trailers. By sales channel, it is fragmented into original equipment manufacturer (OEM), and aftermarket. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
Key Market Segments
By Trailer Type
By Axle Type
By Capacity
By Application
By Sales Channel
By Region