Press release
Trailer Axle Market is Poised to Reach 4,549‘000 Units by 202
According to a recently published report by Persistence Market Research titled “Trailer Axle Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025),” manufacturers in the global trailer axle market are concentrating on a strategy of introducing new sales channel specific product offerings, such as high capacity trailers axles for heavy duty work to better address customer specific requirements. Moreover, market players have been channelizing efforts towards strengthening their distribution channels while also focusing on direct sales and financing options.
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The North America market is expected to witness relatively steady growth during the forecast period ,Substantial growth in the Latin America market is attributed to the increasing demand for trailer axles by OEMs to meet growing demand from Brazil and the rest of Latin America
Significant trailer production is anticipated in the European market. The trailer axle market in Europe is anticipated to witness relatively stable growth during the forecast period
Asia Pacific is predicted to witness robust growth owing to a growing trailer production in China and ASEAN countries,Turkey, South Africa, and Iran are expected to dominate the Middle East & Africa trailer axle market
By sales channel the market is segmented into OEM and aftermarket. In terms of sales channel, the OEM segment is expected to be the most attractive and dominating segment throughout the forecast period as trailer axles are rarely replaced.On the basis of capacity the market is segmented into
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