Global Truck Axle Market 2021-2026

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    GLOBAL TRUCK AXLE MARKET

     

    INTRODUCTION

    Transport plays a vital role in the proper functioning of every economic system. The success of a company specializing in timber haulage depends not only on the transportation system, but also on the cooperation of all entities associated with its supply chain.

     

    The Axle provisioned under the Drivetrain requirements of the trucks is one of the major factors of importance to have the weight distribution to be accurate and pinpoint as per the requirements. It also aims at providing the required wheel distribution characteristics to the truck at all times of operations.

     

    infographic: Truck Axle Market, Truck Axle Market Size, Truck Axle Market Trends, Truck Axle Market Forecast, Truck Axle Market Risks, Truck Axle Market Report, Truck Axle Market Share

     

    In individual countries, institutions responsible for public transport and public roads have the power to limit the total weight of a truck unit (gross vehicle weight) with the simultaneous possibility of limiting permissible axle weights or increasing them in relation to those specified in EU regulations, as well as indicating the roads to be used by such vehicles.

     

    Front shaft carries the burden of the front part of the car likewise as it facilitates steering and absorbs  shocks because of paved  surface  variations.  The  front  axles  square  measure typically dead axles, however square measure live axles in little cars of compact styles and conjointly just in case of machine drive.

     

    Front axles can be live axles and dead axles.  A live front axle  contains  the  differential  mechanism through  which  the engine power flows towards the front wheels. Thereby the front and Rear Axle and Shaft arrangement are of major importance to the truck operators at all times.

     

     

    GLOBAL TRUCK AXLE MARKET DYNAMICS

    There is a strong correlation between pavement design standards and carrying capacity of the vehicles due to static and dynamic forces generated in the course of the movement of the vehicles. It is because of this correlation that countries prescribe maximum permissible gross vehicle weight and maximum allowable axle loads. While such norms have been laid down in India also, these are quite liberal in relation to the road pavement strength.

     

    The currently permissible axle load is 10.2 tonnes although most of the roads have been designed for an axle load of 8.16 tonnes. It is, however, a rare trucker who adheres to the prescribed norms. Carrying one-and-a-half times the permissible load is commonplace. The rampant overloading results in extensive damage to the road network which is already under stress.

     

    There is rare adherence to the preferred axle requirements as per the government rules of various nations of safe operations at all times. There are several possible basic vehicle wheel and axle arrangements: single wheel, dual wheel; single axle, tandem axle and tridem axle.

     

    infographic: Truck Axle Market, Truck Axle Market Size, Truck Axle Market Trends, Truck Axle Market Forecast, Truck Axle Market Risks, Truck Axle Market Report, Truck Axle Market Share

     

     

    Their number and configuration greatly influence the dynamic loads transmitted to the road surface. It is for this reason that multiple axles can carry much greater payloads for given strength of road pavement. The Indian standards do not differentiate between a driven and non-driven or steered axle. The European standards, however, make such a distinction.

     

    It is important to note that the equivalency relationship may vary from country to country on account of specific local conditions. Deviations from the fourth power law would significantly modify the vehicle damage factors.

     

    GLOBAL TRUCK AXLE MARKET SEGMENTATION

     

    The Global truck axle market can be segmented into following categories for further analysis.

     

    Truck Axle Market By Truck Application

    • Light Duty Trucks
    • Medium Duty trucks
    • Heavy Duty Trucks
    • Common Usage Trucks

     

    Truck Axle Market By Truck Haulage Type

    • Long Haulage Trucks
    • Short Haulage Trucks
    • Medium Haulage Trucks

     

    Truck Axle Market By Volume Categorization Type

    • Large Scale Packaging Provisioners
    • Small Scale Packaging Provisioners
    • Omni Business Packaging Provisioners
    • Medium Scale Packaging Provisioners

     

    Truck Axle Market By Type of Axle

    • Rigid Axles
    • Drive Steer Axles
    • Non-Drive Steer Axles

     

    Truck Axle Market By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    infographic: Truck Axle Market, Truck Axle Market Size, Truck Axle Market Trends, Truck Axle Market Forecast, Truck Axle Market Risks, Truck Axle Market Report, Truck Axle Market Share

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL TRUCK AXLE MARKET

    It is well recognized that the use of improved vehicle technology offers great potential for reducing pavement costs related to heavy vehicle use. This brings out the need for research in various aspects of interaction between vehicle design and road surface, an area that has so far been neglected. It is well known that Indian trucks are a product of an outdated technology – two-axle rigid trucks fitted with steel leaf spring suspension.

     

    The key issue is the interface between regulatory stability and technological change. It is often the case in India, not just in trucking but in a swathe of other areas as well, that standards have a tendency to be set in stone. The result is a sort of technological freeze. Recent trends in vehicle technology underscore the need for legislation aimed at promoting the road-friendliness of heavy vehicles.

     

    There has been the recent integration of the Axle Lubrication management System ,which features a ring gear cover with a valve that actively regulates the oil level. This reduces the churning associated with the ring gear moving through the oil. Combined with advanced pinion bearing design reduces parasitic loss for up to a total 1.5% fuel economy improvement compared with classic Detroit axles.

     

    Bosch showcased several future-focused powertrain concepts, including the eCity Truck diesel hybrid system for light commercial vehicles that uses an electric axle. The eAxle is a scalable, modular platform with the motor, power electronics, and transmission forming a single compact unit.

     

    The eAxle is a compact, cost-attractive electric drive solution for battery-electric vehicles and hybrid applications. The electric motor, power electronics and transmission are combined in a compact unit directly powering the vehicle’s axle. This aids in making electric drives less complex but simpler.

    Jindal Steel and Power Limited (JSPL) is the first and only Indian company to develop 60E1 1175 Heat Treated(HT) Rails for high-speed, high-axle-load applications. The Indian Railways have forecast a need for 1.8 million metric tonnes (MT) of these high-grade 60E1 1175 Heat Treated (HT) Rails per year.

     

    Indian Railways has begun updating its track system to accommodate a 25-tonne axle weight and travel at a speed of up to 200 kilometres per hour. JSPL is devoted to producing specialty rails to meet the needs of Indian Railways and metro rail corporations, making India Atmanirbhar in rail procurement for various uses.

     

    These rails will be utilised in dedicated freight corridors with high axel loads, such as bullet trains. Jindal Steel and Power Limited’s newly developed 60E1 1175 Heat Treated (HT) Rails have been authorised by the Research Designs and Standards Organisation (RDSO).

     

    The Railway Board/RDSO had previously given permission for JSPL manufactured 60E1 1080 HH Rails based on inspection and testing done by the RDSO team. Metro Rail Corporations, High-Speed Corridors, and Bullet Trains are the primary users of these rails.

     

    In terms of rail profile and chemistry, these rails are equal to European R350HT grade, however they must pass more severe Quality tests.

     

    infographic: Truck Axle Market, Truck Axle Market Size, Truck Axle Market Trends, Truck Axle Market Forecast, Truck Axle Market Risks, Truck Axle Market Report, Truck Axle Market Share

     

     

    GLOBAL TRUCK AXLE MARKET NEW ACQUISITION

     

    Redneck Inc. and Redline Products LLC’s equity interests have been fully acquired, according to a statement from DexKo Global Inc.’s subsidiary Dexter Axle Company (collectively, Redneck). The transaction’s financial details weren’t made public.

     

    Based in Springfield, Mo. All around North America, Redneck provides trailer axles and other parts for trailers. operating 20 locations across 17 states while having close to 400 employees. Redneck provides manufacturer, dealer, and retail customers with thousands of stocked trailer components and accessories.

     

    Dexter, situated in Elkhart, Indiana, has manufacturing and distribution facilities and has employees in both the United States and Canada. According to a press release, Dexter has established a reputation as a reliable brand among manufacturers and distributors of utility trailers, recreational vehicles, marine, heavy duty, agricultural, and speciality equipment.

     

    With a wider geographic reach, a more comprehensive product offering, and improved customer service, the relationship between Dexter and Redneck presents chances to improve services and add value to business partners.

     

    This collaboration will increase our capacity to offer dependable goods to producers, distributors, dealers, and service facilities. Redneck has long been a supporter of the Dexter brand, and this acquisition gives them a new channel through which to market our goods to their clients.

     

    RECENT LAUNCH

    The four-axle, 8×2, dual-tyre lift axle, DTLA truck was unveiled by Ashok Leyland Ltd., the Hinduja Group’s flagship company, and was constructed on the AVTR modular truck platform. 

     

    The new truck, known as the AVTR 4120, has a 5-tonne payload increase over regular 8×2 trucks and has a 40.5-tonne gross vehicle weight capacity. It also boasts a lower overall cost of operation. It gives customers the freedom to operate over a wide GVW range, from 28T to 40.5T. 

     

    The AVTR 4120 is offered with 200 HP and 250 HP, as well as cowl and three-cabin versions. It is backed by customer support and includes digital solutions like i-Alert sophisticated telematics and remote diagnostics.

     

    TRUCK AXLE MARKET COMPETITIVE LANDSCAPE

    There has been varied integration of the axles of development in the Global truck axles market at all times in the trucks to provision better haulage and carrying capability for the goods. This places the technology integration at the extreme end of the sustainable product mobilization in the Global industries.

     

    Dana Global Automotive has introduced and Designed for Class I, IV, and V industrial lift trucks, the Spicer 141 axle is a scalable, modular platform built for heavy loads while offering durability, reliability, and ease of maintenance.  Spicer 141 axle offers a wide range of ratios to optimize tractive performance.

     

    The new series of axles, available with wet brake and drum brake configurations, includes a variety of mast and frame mounting options. Its new lifetime wet brake offering comes standard with an internal spring-applied hydraulic-release (SAHR) parking brake to support industry safety initiatives.

     

    AxleTech has been one of the other competitors in the race towards technological upgradation and propagation to enhance the trucks safety capability at all times of operations. AxleTech provides a range of steerable axles with axle capacities of up to 37,000 lb (16.8 T) under PSC Model for heavy-duty vocational trucks. Our product line is designed to meet the trend of increased driveline torque, tire sizes, and loading requirements that provide an extra ruggedness for prolonged life

     

    infographic: Truck Axle Market, Truck Axle Market Size, Truck Axle Market Trends, Truck Axle Market Forecast, Truck Axle Market Risks, Truck Axle Market Report, Truck Axle Market Share

     

    The PACCAR 40k axle, which targets line haul applications. Its inter-axle differential, rear axle ratio range and gross combination weight rating are optimized for use with the PACCAR MX engine and transmission. This PACCAR proprietary offering allows the manufacturer to develop the entire powertrain, maximizing the reliability, efficiency, and weight of all components

     

    TRUCK AXLE MARKET COMPANIES PROFILED

    THIS TRUCK AXLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Truck Axle Market size and Forecast, by region, by application
    2. Average B-2-B price for Truck Axle Market, by region, per user
    3. Technology trends and related opportunity for new Truck Axle Market tech suppliers
    4. Truck Axle Market share of leading vendors, by region,
    5. Coronavirus impact on Truck Axle Market earnings
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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