Global Truck Axle Market 2025-2029

Description

List of Tables

The truck axle market is forecasted to grow by USD 4904.3 mn during 2024-2029, accelerating at a CAGR of 5.4% during the forecast period. The report on the truck axle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by reduction in production cost of axle owing to advances in manufacturing technology, improvements in supply chain strategies, and increase in demand for trucks.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	5%
CAGR	5.4%
Incremental Value	$4904.3 mn

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's truck axle market is segmented as below:

By Application

Light-duty trucks
Heavy-duty trucks
Medium-duty trucks

By Type

Rigid axles
Drive steer axles
Non-drive steer axles

By Technology

Mechanical axles
Electric axles
Others

By End-user

OEMs
Aftermarket

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the development of intelligent truck axle as one of the prime reasons driving the truck axle market growth during the next few years. Also, increase in popularity of e-axle system and development of modular rear-axle systems will lead to sizable demand in the market.

The report on the truck axle market covers the following areas:

Truck Axle Market sizing
Truck Axle Market forecast
Truck Axle Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading truck axle market vendors that include All Truck Parts Ltd., American Axle and Manufacturing Inc., Automotive Axles Ltd., AVL List GmbH, BRIST Axle Systems Srl LLC, Cummins Inc., Dana Inc., Hendrickson Holdings LLC, Jost Werke AG, Kross Ltd., Magna International Inc., Press Kogyo Co. Ltd., Qingte Group Co. Ltd., Raba Automotive Holding Plc, SAF HOLLAND SE, Shandong Heavy Industry Group Co. Ltd., Sinotruk Hong Kong Ltd., Sisu Axles Inc., Vikrant Group, and ZF Friedrichshafen AG. Also, the truck axle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR44419

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Truck Axle Market 2019 - 2023
- Historic Market Size - Data Table on Global Truck Axle Market 2019 - 2023 ($ million)
5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.4 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ million)
5.5 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ million)
5.6 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.7 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 Impact of AI on global truck axle market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Application

8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
8.3 Light-duty trucks - Market size and forecast 2024-2029
- Chart on Light-duty trucks - Market size and forecast 2024-2029 ($ million)
- Data Table on Light-duty trucks - Market size and forecast 2024-2029 ($ million)
- Chart on Light-duty trucks - Year-over-year growth 2024-2029 (%)
- Data Table on Light-duty trucks - Year-over-year growth 2024-2029 (%)
8.4 Heavy-duty trucks - Market size and forecast 2024-2029
- Chart on Heavy-duty trucks - Market size and forecast 2024-2029 ($ million)
- Data Table on Heavy-duty trucks - Market size and forecast 2024-2029 ($ million)
- Chart on Heavy-duty trucks - Year-over-year growth 2024-2029 (%)
- Data Table on Heavy-duty trucks - Year-over-year growth 2024-2029 (%)
8.5 Medium-duty trucks - Market size and forecast 2024-2029
- Chart on Medium-duty trucks - Market size and forecast 2024-2029 ($ million)
- Data Table on Medium-duty trucks - Market size and forecast 2024-2029 ($ million)
- Chart on Medium-duty trucks - Year-over-year growth 2024-2029 (%)
- Data Table on Medium-duty trucks - Year-over-year growth 2024-2029 (%)
8.6 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

9 Market Segmentation by Type

9.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
9.3 Rigid axles - Market size and forecast 2024-2029
- Chart on Rigid axles - Market size and forecast 2024-2029 ($ million)
- Data Table on Rigid axles - Market size and forecast 2024-2029 ($ million)
- Chart on Rigid axles - Year-over-year growth 2024-2029 (%)
- Data Table on Rigid axles - Year-over-year growth 2024-2029 (%)
9.4 Drive steer axles - Market size and forecast 2024-2029
- Chart on Drive steer axles - Market size and forecast 2024-2029 ($ million)
- Data Table on Drive steer axles - Market size and forecast 2024-2029 ($ million)
- Chart on Drive steer axles - Year-over-year growth 2024-2029 (%)
- Data Table on Drive steer axles - Year-over-year growth 2024-2029 (%)
9.5 Non-drive steer axles - Market size and forecast 2024-2029
- Chart on Non-drive steer axles - Market size and forecast 2024-2029 ($ million)
- Data Table on Non-drive steer axles - Market size and forecast 2024-2029 ($ million)
- Chart on Non-drive steer axles - Year-over-year growth 2024-2029 (%)
- Data Table on Non-drive steer axles - Year-over-year growth 2024-2029 (%)
9.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

10 Market Segmentation by Technology

10.1 Market segments
- Chart on Technology - Market share 2024-2029 (%)
- Data Table on Technology - Market share 2024-2029 (%)
10.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
10.3 Mechanical axles - Market size and forecast 2024-2029
- Chart on Mechanical axles - Market size and forecast 2024-2029 ($ million)
- Data Table on Mechanical axles - Market size and forecast 2024-2029 ($ million)
- Chart on Mechanical axles - Year-over-year growth 2024-2029 (%)
- Data Table on Mechanical axles - Year-over-year growth 2024-2029 (%)
10.4 Electric axles - Market size and forecast 2024-2029
- Chart on Electric axles - Market size and forecast 2024-2029 ($ million)
- Data Table on Electric axles - Market size and forecast 2024-2029 ($ million)
- Chart on Electric axles - Year-over-year growth 2024-2029 (%)
- Data Table on Electric axles - Year-over-year growth 2024-2029 (%)
10.5 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
10.6 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)

11 Market Segmentation by End-user

11.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
11.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
11.3 OEMs - Market size and forecast 2024-2029
- Chart on OEMs - Market size and forecast 2024-2029 ($ million)
- Data Table on OEMs - Market size and forecast 2024-2029 ($ million)
- Chart on OEMs - Year-over-year growth 2024-2029 (%)
- Data Table on OEMs - Year-over-year growth 2024-2029 (%)
11.4 Aftermarket - Market size and forecast 2024-2029
- Chart on Aftermarket - Market size and forecast 2024-2029 ($ million)
- Data Table on Aftermarket - Market size and forecast 2024-2029 ($ million)
- Chart on Aftermarket - Year-over-year growth 2024-2029 (%)
- Data Table on Aftermarket - Year-over-year growth 2024-2029 (%)
11.5 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

12 Customer Landscape

12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

13 Geographic Landscape

13.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
13.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
13.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
13.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
13.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
13.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
13.8 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
13.9 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
13.10 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
13.11 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
13.12 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
13.13 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ million)
- Data Table on Australia - Market size and forecast 2024-2029 ($ million)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
13.14 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
13.15 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
13.16 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
13.17 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
13.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

14 Drivers, Challenges, and Opportunity/Restraints

14.1 Market drivers
14.2 Market challenges
14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
14.4 Market opportunities/restraints

15 Competitive Landscape

15.1 Overview
15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
15.3 Landscape disruption
- Overview on factors of disruption
15.4 Industry risks
- Impact of key risks on business

16 Competitive Analysis

16.1 Companies profiled
- Companies covered
16.2 Company ranking index
- Company ranking index
16.3 Market positioning of companies
- Matrix on companies position and classification
16.4 American Axle and Manufacturing Inc.
- American Axle and Manufacturing Inc. - Overview
- American Axle and Manufacturing Inc. - Business segments
- American Axle and Manufacturing Inc. - Key news
- American Axle and Manufacturing Inc. - Key offerings
- American Axle and Manufacturing Inc. - Segment focus
- SWOT
16.5 Automotive Axles Ltd.
- Automotive Axles Ltd. - Overview
- Automotive Axles Ltd. - Product / Service
- Automotive Axles Ltd. - Key offerings
- SWOT
16.6 AVL List GmbH
- AVL List GmbH - Overview
- AVL List GmbH - Product / Service
- AVL List GmbH - Key offerings
- SWOT
16.7 BRIST Axle Systems Srl LLC
- BRIST Axle Systems Srl LLC - Overview
- BRIST Axle Systems Srl LLC - Product / Service
- BRIST Axle Systems Srl LLC - Key offerings
- SWOT
16.8 Cummins Inc.
- Cummins Inc. - Overview
- Cummins Inc. - Business segments
- Cummins Inc. - Key news
- Cummins Inc. - Key offerings
- Cummins Inc. - Segment focus
- SWOT
16.9 Dana Inc.
- Dana Inc. - Overview
- Dana Inc. - Business segments
- Dana Inc. - Key news
- Dana Inc. - Key offerings
- Dana Inc. - Segment focus
- SWOT
16.10 Hendrickson Holdings LLC
- Hendrickson Holdings LLC - Overview
- Hendrickson Holdings LLC - Product / Service
- Hendrickson Holdings LLC - Key offerings
- SWOT
16.11 Jost Werke AG
- Jost Werke AG - Overview
- Jost Werke AG - Product / Service
- Jost Werke AG - Key offerings
- SWOT
16.12 Qingte Group Co. Ltd.
- Qingte Group Co. Ltd. - Overview
- Qingte Group Co. Ltd. - Product / Service
- Qingte Group Co. Ltd. - Key offerings
- SWOT
16.13 Raba Automotive Holding Plc
- Raba Automotive Holding Plc - Overview
- Raba Automotive Holding Plc - Business segments
- Raba Automotive Holding Plc - Key offerings
- Raba Automotive Holding Plc - Segment focus
- SWOT
16.14 SAF HOLLAND SE
- SAF HOLLAND SE - Overview
- SAF HOLLAND SE - Business segments
- SAF HOLLAND SE - Key news
- SAF HOLLAND SE - Key offerings
- SAF HOLLAND SE - Segment focus
- SWOT
16.15 Shandong Heavy Industry Group Co. Ltd.
- Shandong Heavy Industry Group Co. Ltd. - Overview
- Shandong Heavy Industry Group Co. Ltd. - Product / Service
- Shandong Heavy Industry Group Co. Ltd. - Key offerings
- SWOT
16.16 Sinotruk Hong Kong Ltd.
- Sinotruk Hong Kong Ltd. - Overview
- Sinotruk Hong Kong Ltd. - Business segments
- Sinotruk Hong Kong Ltd. - Key offerings
- Sinotruk Hong Kong Ltd. - Segment focus
- SWOT
16.17 Sisu Axles Inc.
- Sisu Axles Inc. - Overview
- Sisu Axles Inc. - Product / Service
- Sisu Axles Inc. - Key offerings
- SWOT
16.18 ZF Friedrichshafen AG
- ZF Friedrichshafen AG - Overview
- ZF Friedrichshafen AG - Business segments
- ZF Friedrichshafen AG - Key news
- ZF Friedrichshafen AG - Key offerings
- ZF Friedrichshafen AG - Segment focus
- SWOT

17 Appendix

17.1 Scope of the report
17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
17.3 Currency conversion rates for US$
- Currency conversion rates for US$
17.4 Research methodology
- Research methodology
17.5 Data procurement
- Information sources
17.6 Data validation
- Data validation
17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
17.8 Data synthesis
- Data synthesis
17.9 360 degree market analysis
- 360 degree market analysis
17.10 List of abbreviations
- List of abbreviations