Market Research Reprots- Worldwide Commercial Vehicle Axle Market

Commercial Vehicle Axle Market by
Application Type & Geography - 2022
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.”
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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.