The Trailer Axle Global Market Report 2023, provides comprehensive information on the trailer axle market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/trailer-axle-global-market-report
The global trailer axle market is expected to grow from $3.87 billion in 2022 to $4.07 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The trailer axle market is expected to grow to $4.90 billion in 2027 at a CAGR of 4.8%.
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Technological advancement is a key trend in the trailer axle market. Major players in the trailer axle market are innovating new technologies, such as e-axle, to sustain in the market. An e-axle combines one or more electric motors with power-control electronics, two- or three-speed reduction gearing, and the axle’s center. For instance, in 2022, Woolworths Group, a Sydney-based retailer, conducted testing of Australia’s first “e-axle trailer,” which produces electricity using the kinetic energy of its axle and wheels. A battery that can power the refrigeration system and reduce diesel consumption is fueled by the electricity produced by the trailer’s axle and wheels.
The trailer axle market is segmented:
1) By Axle Type: Single Axle , Tandem axle, Three or more than three-axle
2) By Trailer Type: Dry van and box , Refrigerator, Chemicals and Liquid, Tippers, Flatbed, Other Trailers
3) By Application: Lightweight Trailers, Medium-weight Trailers, Heavy Trailers
North America was the largest region in the trailer axle market in 2022.
The table of contents in TBRC’s trailer axle market report includes:
- Executive Summary
- Trailer Axle Market Characteristics
- Trailer Axle Market Trends And Strategies
- Trailer Axle Market – Macro Economic Scenario
- Trailer Axle Market Size And Growth
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- Africa Trailer Axle Market
- Trailer Axle Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Trailer Axle Market
- Trailer Axle Market Future Outlook and Potential Analysis
- Appendix
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