GLOBAL TRAILER AXLE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Trailer Axle Market, By Trailer Type (Dry van & box, Refrigerator, Chemicals & liquid, Tippers, Flatbed, Others), By Axle Type (Single Axle, Tandem axle, Three or more than three-axle), By Application (Lightweight trailers, Medium-weight trailers, Heavy trailers), By Sales Channel (OEM and Aftermarket), and Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024
Code : CMI6920
Pages :146
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market Concentration and Competitive Landscape

Global Trailer Axle Market Concentration By Players

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Market Driver: Demand for Enhanced Safety and Fuel Efficiency Features

Stringent government norms regarding fuel consumption and emissions from commercial vehicles have prompted axle manufacturers to engineer advanced products. There is an increasing demand among fleet operators and OEMs for trailer axles integrated with advanced technologies to enhance operational safety, driver convenience and fuel savings. Some of the latest innovations adopted in trailer axles include electronic braking systems, air suspension with auto-leveling control and automatic tire inflation systems. Electronic braking systems (EBS) facilitate optimized ABS control along with integration with vehicle management systems for automatic wheel-end inspections and diagnostics. These smart braking systems enable trailers to comply with evolving brake regulations and deliver improved brake diagnostics, modulation and stability during braking.

Key Players