COVID-19 Pandemic Impact on Truck Axle Market 2020-2024 | Technavio

The truck axle market is expected to register a CAGR of almost 1% during 2020-2024, as per the latest research report by Technavio. The report offers detailed analysis about the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Global Truck Axle Market 2020-2024 (Graphic: Business Wire).

Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on truck axle market. Download free report sample on the impact of COVID-19 pandemic analysis.

Due to the extensive spread of the virus across the globe, the Consumer Discretionary Industry is anticipated to have Negative & Indirect impact. The truck axle market will showcase Negative impact during 2020-2024.

Truck Axle Market 2020-2024: Segmentation

Truck Axle Market is segmented as below:

• Application
  • Light-duty trucks
  • Heavy-duty trucks
  • Medium-duty trucks
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • MEA

APAC region will account for the highest incremental growth during the forecast period due to the presence of developed automotive markets, including Japan, South Korea, and Australia, and growth in the sales of commercial vehicles.

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Increase in popularity of e-axle system has been an instrumental factor in influencing the growth of truck axle market. Other market drivers include reduction in production cost of axle owing to advances in manufacturing technology and improvements in supply chain strategies. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.

Key Considerations for Market Forecast

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre as well as post COVID-19 market estimates
• Quarterly impact analysis as the spread reaches global level and updates on market estimates

Get more insights about the global trends impacting the future of truck axle market, get free sample at: https://www.technavio.com/talk-to-us?report=IRTNTR44419

Truck Axle Market 2020-2024: Vendor Analysis

The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include American Axle & Manufacturing Inc., Dana Ltd., Meritor Inc., Qingte Group Co. Ltd., Raba Automotive Holding Plc, SAF-HOLLAND SE, Shandong Heavy Industry Group Co. Ltd., Sinotruk (Hong Kong) Ltd., Sisu Axles Inc., and ZF Friedrichshafen AG.

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TOC

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Light-duty trucks - Market size and forecast 2019-2024
• Heavy-duty trucks - Market size and forecast 2019-2024
• Medium-duty trucks - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• American Axle & Manufacturing Inc.
• Dana Ltd.
• Meritor Inc.
• Qingte Group Co. Ltd.
• Raba Automotive Holding Plc
• SAF-HOLLAND SE
• Shandong Heavy Industry Group Co. Ltd.
• Sinotruk (Hong Kong) Ltd.
• Sisu Axles Inc.
• ZF Friedrichshafen AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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