The report covers the present scenario and the growth prospects of the Global Commercial Vehicle Axles Market for 2018-2025. To calculate the market size, the report considers the in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

City of Industry, CA -- (SBWire) -- 06/15/2018 --This report studies the global Commercial Vehicle Axles market status and forecast, categorizes the global Commercial Vehicle Axles market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

Commercial Vehicle Axles is an integral component of commercial vehicles. Its main function is serving to transmit driving torque to the wheel, as well as to maintain the position of the wheels relative to each other and to the vehicle body. In addition to, the axles can also bear the weight of the vehicle plus any cargo.

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In the coming years there is an increasing demand for commercial vehicles in the regions of Europe and Asia-Oceania, mainly in China, India and Japan, is expected to drive the market for more advanced Commercial Vehicle Axles. Rapid industrialization, development of road infrastructure, and stable rise in commercial activity, particularly with regard to logistics, distribution and public transportation will drive growth in Asia-Oceania markets.

Globally, the Commercial Vehicle Axles industry market is concentrated as the manufacturing technology of Commercial Vehicle Axles is relatively matures than some high-tech equipment. And some enterprises, like AAM, Meritor, DANA etc. are well-known for the wonderful performance of their Commercial Vehicle Axles and related services. At the same time, United States is remarkable in the global Commercial Vehicle Axles industry because of their market share and technology status of Commercial Vehicle Axles.

The consumption volume of Commercial Vehicle Axles is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Commercial Vehicle Axles industry may not keep that fast. But it is surely forecasted that the market of Commercial Vehicle Axles is still promising.

The global Commercial Vehicle Axles market is valued at 40100 million US$ in 2017 and will reach 48600 million US$ by the end of 2025, growing at a CAGR of 2.4% during 2018-2025.

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The major players covered in this report

AAM

Meritor

DANA

PRESS KOGYO

SAF-HOLLAND

BPW Group

MAN

ZF

Korea Flange

RABA

IJT Technology Holdings

AxleTech International

Dongfeng DANA

Shaanxi HanDe

FAW Heavy

CNHTC

Zoomlion

Guangxi Fangsheng

SG Automotive Group

Qingte Group