Technavio recognizes the following companies as the key
players in the global commercial vehicle axle market: American Axle &
Manufacturing, AXLETECH, Dana, Meritor, and SAF-HOLLAND.
Commenting on the report, an analyst from Technavio’s team said: “One trend
affecting this market is the growing demand for e-axles in commercial vehicles.
There is a growing preference for e-axles in plug-in hybrid and battery
electric vehicles, as these axles provide better load distribution, thereby
improving fuel economy. OEMs are focusing on increasing fuel efficiency due to
stringent emission norms and the growing popularity of fuel-efficient vehicles
among the end-users.”
Looking for more
information on this market? Request a free sample report - https://marketreportscenter.com/request-sample/585327
According to the report, one driver influencing this market
is the rising demand for commercial vehicles in emerging countries. Increased
connectivity of motorways and insufficient rail network in emerging countries
such as India and China are driving road mode of freight transport. This is expected
to drive the demand for additional commercial vehicles and induce OEMs to
produce more commercial vehicle axles.
Further, the report states that one challenge affecting this
market is the preference for freight trains to replace commercial vehicles for
transportation. Freight transport by railways contributes far less emissions
compared with road transport. Increasing preference for fuel-efficient and
on-time transport for freight is driving the market for electric locomotive
engines for freight transportation. Freight transportation by rail is estimated
to be five times more fuel-efficient compared with freight transportation
through road, as railways have the capacity to transport more cargo without
being affected by traffic gridlock.
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 and vendor landscape in
addition to a SWOT analysis of the key vendors.
The market is
expected to grow at a CAGR of 4.47%
About Commercial
Vehicle Axle
An axle is a central shaft used for rotating the wheels. It
provides rotary power to the wheels from the engines. It also bears the weight
of the vehicle.
Technavio’s analysts
forecast the Global Commercial Vehicle Axle Market to grow at a CAGR of 5.04%
during the period 2018-2022.
Browse Full Research
Report with Table of Content @ https://marketreportscenter.com/reports/585327/global-commercial-vehicle-axle-market-2018-2022
Covered in this
report
The report covers the present scenario and the growth
prospects of the global commercial vehicle axle market. To calculate the market
size, the report considers the revenue generated from the adoption of Commercial
Vehicle Axle in LCV segment.
The market is divided
into the following segments based on geography:
·
• Americas
·
• APAC
·
• EMEA
Technavio's report, global commercial vehicle axle market
2018-2022, has been prepared based on an in-depth market analysis with inputs
from industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
Key vendors
·
• American
Axle & Manufacturing
·
• AXLETECH
·
• Dana
·
• Meritor
·
•
SAF-HOLLAND
Market driver
·
• Rising
demand for commercial vehicles in emerging countries
·
• For a
full, detailed list, view our report
Market challenge
·
• Freight
trains to replace commercial vehicles for transportation
·
• For a
full, detailed list, view our report
Get Exclusive Discount on This Report @ https://marketreportscenter.com/request-discount/585327
About Market Reports Center:
Market Reports Center is an e-commerce platform
obliging the needs of knowledge workers, experts, professionals who are subject
to market research information for their work, or to make strategic business
decisions. We are dedicated to create a comprehensive offering of market
research which is accurate, credible and affordable.
Market Reports Center currently has more than 4,
00,000 plus titles and 50+ Publishers on our platform and growing consistently.
We cover more than 35 industry verticals being: Automotive, Electronics,
Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Construction,
Agriculture, Food, Beverages, Banking & Finance, Media and Government,
Public Sector Studies.
Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
Email: info@marketreportscenter.com
Website: https://marketreportscenter.com
No comments:
Post a Comment