Further, the report states that one challenge affecting this market is the preference for freight trains to
replace commercial vehicles for transportation. Freight transport by railways contributes far less
emissions compared with road transport. Increasing preference for fuel-efficient and on-time transport
for freight is driving the market for electric locomotive engines for freight transportation. Freight
transportation by rail is estimated to be five times more fuel-efficient compared with freight
transportation through road, as railways have the capacity to transport more cargo without being
affected by traffic gridlock.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
The market is expected to grow at a CAGR of 4.47%
About Commercial Vehicle Axle
An axle is a central shaft used for rotating the wheels. It provides rotary power to the wheels from the
engines. It also bears the weight of the vehicle.
Technavio’ s analysts forecast the Global Commercial Vehicle Axle Market to grow at a CAGR of 5.04%
during the period 2018-2022.
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https://marketreportscenter.com/reports/585327/global-commercial-vehicle-axle-market-2018-2022
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial vehicle axle
market. To calculate the market size, the report considers the revenue generated from the adoption of
Commercial Vehicle Axle in LCV segment.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, global commercial vehicle axle market 2018-2022, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers the market landscape and
its growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
Key vendors