Truck Axle Market to Expand at a Healthy CAGR of 5.1% through 2028

The Truck Axle Market in North America, is expected to reach US$ 545.38 million by 2028 from US$ 384.38 million in 2021. The market is estimated to grow at a CAGR of 5.1% from 2021 to 2028.

The North America truck axle market has been analyzed based on three major countries — the US, Canada, and Mexico. The US is estimated to hold the largest share in the truck axle market during the forecast period. The projected growth of the truck axle market in the US is attributed to the established market players, increase in productivity, significant cost saving in overall operation is anticipated to fuel growth of the market during the forecast period. Also, enhanced focus on new product development is the major factor driving the growth of the North America truck axle market.

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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Truck Axle market. The researcher provides an extensive analysis of the North America Truck Axle market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

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Major key players covered in this report:

• American Axle & Manufacturing, Inc.
• Dana Limited
• Meritor, Inc.
• Qingte Group Co., Ltd.
• Rába Automotive Holding Plc.
• SAF-HOLLAND SE
• Shandong Heavy Industry Group Co., Ltd.
• Sinotruk (Hong Kong) Limited
• ZF Friedrichshafen AG

NORTH AMERICA TRUCK AXLE MARKET SEGMENTATION

North America Truck Axle Market, by Type

• Rigid Axle
• Drive Steer Axles
• Non-drive Steer Axles

North America Truck Axle Market, by Application

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

Order a Copy of this North America Truck Axle Market research report at – https://www.businessmarketinsights.com/buy/single/TIPRE00023002

The research on the North America Truck Axle market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the North America Truck Axle market on the basis of end user, product type, application, and demography for the forecast period 2021–2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Truck Axle market.

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