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Tandem Axle-Global Market Insights and Sales Trends 2025
Synopsis
The global Tandem Axle market size is expected to reach US$ 6402.4 million by 2029, growing at a CAGR of 6.1% from 2023 to 2029. The market is mainly driven by the significant applications of Tandem Axle in various end use industries. The expanding demands from the Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles,, are propelling Tandem Axle market. Light-duty Axle, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Heavy-duty Axle segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Tandem Axle market, driven by demand from China, the second largest economy with some signs of stabilising, the Tandem Axle market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Tandem Axle, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Tandem Axle market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Tandem Axle market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Tandem Axle sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Tandem Axle covered in this report include AAM, Meritor, DANA, ZF, PRESS KOGYO, HANDE Axle, BENTELER, Sichuan Jian'an and KOFCO, etc.
The global Tandem Axle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
AAM
Meritor
DANA
ZF
PRESS KOGYO
HANDE Axle
BENTELER
Sichuan Jian'an
KOFCO
Gestamp
Shandong Heavy Industry
Hyundai Dymos
Magneti Marelli
SINOTRUK
Hyundai WIA
SAF-HOLLAND
SG Automotive
IJT Technology Holdings
Global Tandem Axle market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Tandem Axle market, Segment by Type:
Light-duty Axle
Heavy-duty Axle
Global Tandem Axle market, by Application
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Tandem Axle manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Tandem Axle in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Tandem Axle market size is expected to reach US$ 6402.4 million by 2029, growing at a CAGR of 6.1% from 2023 to 2029. The market is mainly driven by the significant applications of Tandem Axle in various end use industries. The expanding demands from the Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles,, are propelling Tandem Axle market. Light-duty Axle, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Heavy-duty Axle segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Tandem Axle market, driven by demand from China, the second largest economy with some signs of stabilising, the Tandem Axle market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Tandem Axle, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Tandem Axle market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Tandem Axle market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Tandem Axle sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Tandem Axle covered in this report include AAM, Meritor, DANA, ZF, PRESS KOGYO, HANDE Axle, BENTELER, Sichuan Jian'an and KOFCO, etc.
The global Tandem Axle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
AAM
Meritor
DANA
ZF
PRESS KOGYO
HANDE Axle
BENTELER
Sichuan Jian'an
KOFCO
Gestamp
Shandong Heavy Industry
Hyundai Dymos
Magneti Marelli
SINOTRUK
Hyundai WIA
SAF-HOLLAND
SG Automotive
IJT Technology Holdings
Global Tandem Axle market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Tandem Axle market, Segment by Type:
Light-duty Axle
Heavy-duty Axle
Global Tandem Axle market, by Application
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Tandem Axle manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Tandem Axle in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Tandem Axle Market Overview
1.1 Tandem Axle Product Overview
1.2 Tandem Axle Market Segment by Type
1.2.1 Light-duty Axle
1.2.2 Heavy-duty Axle
1.3 Global Tandem Axle Market Size by Type
1.3.1 Global Tandem Axle Market Size Overview by Type (2018-2029)
1.3.2 Global Tandem Axle Historic Market Size Review by Type (2018-2023)
1.3.3 Global Tandem Axle Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Tandem Axle Sales Breakdown by Type (2018-2023)
1.4.2 Europe Tandem Axle Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Tandem Axle Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Tandem Axle Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Tandem Axle Sales Breakdown by Type (2018-2023)
2 Global Tandem Axle Market Competition by Company
2.1 Global Top Players by Tandem Axle Sales (2018-2023)
2.2 Global Top Players by Tandem Axle Revenue (2018-2023)
2.3 Global Top Players by Tandem Axle Price (2018-2023)
2.4 Global Top Manufacturers Tandem Axle Manufacturing Base Distribution, Sales Area, Product Type
2.5 Tandem Axle Market Competitive Situation and Trends
2.5.1 Tandem Axle Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Tandem Axle Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Tandem Axle as of 2022)
2.7 Date of Key Manufacturers Enter into Tandem Axle Market
2.8 Key Manufacturers Tandem Axle Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Tandem Axle Status and Outlook by Region
3.1 Global Tandem Axle Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Tandem Axle Historic Market Size by Region
3.2.1 Global Tandem Axle Sales in Volume by Region (2018-2023)
3.2.2 Global Tandem Axle Sales in Value by Region (2018-2023)
3.2.3 Global Tandem Axle Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Tandem Axle Forecasted Market Size by Region
3.3.1 Global Tandem Axle Sales in Volume by Region (2024-2029)
3.3.2 Global Tandem Axle Sales in Value by Region (2024-2029)
3.3.3 Global Tandem Axle Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Tandem Axle by Application
4.1 Tandem Axle Market Segment by Application
4.1.1 Passenger Vehicles
4.1.2 Light Commercial Vehicles
4.1.3 Heavy Commercial Vehicles
4.2 Global Tandem Axle Market Size by Application
4.2.1 Global Tandem Axle Market Size Overview by Application (2018-2029)
4.2.2 Global Tandem Axle Historic Market Size Review by Application (2018-2023)
4.2.3 Global Tandem Axle Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Tandem Axle Sales Breakdown by Application (2018-2023)
4.3.2 Europe Tandem Axle Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Tandem Axle Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Tandem Axle Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Tandem Axle Sales Breakdown by Application (2018-2023)
5 North America Tandem Axle by Country
5.1 North America Tandem Axle Historic Market Size by Country
5.1.1 North America Tandem Axle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Tandem Axle Sales in Volume by Country (2018-2023)
5.1.3 North America Tandem Axle Sales in Value by Country (2018-2023)
5.2 North America Tandem Axle Forecasted Market Size by Country
5.2.1 North America Tandem Axle Sales in Volume by Country (2024-2029)
5.2.2 North America Tandem Axle Sales in Value by Country (2024-2029)
6 Europe Tandem Axle by Country
6.1 Europe Tandem Axle Historic Market Size by Country
6.1.1 Europe Tandem Axle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Tandem Axle Sales in Volume by Country (2018-2023)
6.1.3 Europe Tandem Axle Sales in Value by Country (2018-2023)
6.2 Europe Tandem Axle Forecasted Market Size by Country
6.2.1 Europe Tandem Axle Sales in Volume by Country (2024-2029)
6.2.2 Europe Tandem Axle Sales in Value by Country (2024-2029)
7 Asia-Pacific Tandem Axle by Region
7.1 Asia-Pacific Tandem Axle Historic Market Size by Region
7.1.1 Asia-Pacific Tandem Axle Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Tandem Axle Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Tandem Axle Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Tandem Axle Forecasted Market Size by Region
7.2.1 Asia-Pacific Tandem Axle Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Tandem Axle Sales in Value by Region (2024-2029)
8 Latin America Tandem Axle by Country
8.1 Latin America Tandem Axle Historic Market Size by Country
8.1.1 Latin America Tandem Axle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Tandem Axle Sales in Volume by Country (2018-2023)
8.1.3 Latin America Tandem Axle Sales in Value by Country (2018-2023)
8.2 Latin America Tandem Axle Forecasted Market Size by Country
8.2.1 Latin America Tandem Axle Sales in Volume by Country (2024-2029)
8.2.2 Latin America Tandem Axle Sales in Value by Country (2024-2029)
9 Middle East and Africa Tandem Axle by Country
9.1 Middle East and Africa Tandem Axle Historic Market Size by Country
9.1.1 Middle East and Africa Tandem Axle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Tandem Axle Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Tandem Axle Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Tandem Axle Forecasted Market Size by Country
9.2.1 Middle East and Africa Tandem Axle Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Tandem Axle Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 AAM
10.1.1 AAM Company Information
10.1.2 AAM Introduction and Business Overview
10.1.3 AAM Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.1.4 AAM Tandem Axle Products Offered
10.1.5 AAM Recent Development
10.2 Meritor
10.2.1 Meritor Company Information
10.2.2 Meritor Introduction and Business Overview
10.2.3 Meritor Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Meritor Tandem Axle Products Offered
10.2.5 Meritor Recent Development
10.3 DANA
10.3.1 DANA Company Information
10.3.2 DANA Introduction and Business Overview
10.3.3 DANA Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.3.4 DANA Tandem Axle Products Offered
10.3.5 DANA Recent Development
10.4 ZF
10.4.1 ZF Company Information
10.4.2 ZF Introduction and Business Overview
10.4.3 ZF Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.4.4 ZF Tandem Axle Products Offered
10.4.5 ZF Recent Development
10.5 PRESS KOGYO
10.5.1 PRESS KOGYO Company Information
10.5.2 PRESS KOGYO Introduction and Business Overview
10.5.3 PRESS KOGYO Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.5.4 PRESS KOGYO Tandem Axle Products Offered
10.5.5 PRESS KOGYO Recent Development
10.6 HANDE Axle
10.6.1 HANDE Axle Company Information
10.6.2 HANDE Axle Introduction and Business Overview
10.6.3 HANDE Axle Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.6.4 HANDE Axle Tandem Axle Products Offered
10.6.5 HANDE Axle Recent Development
10.7 BENTELER
10.7.1 BENTELER Company Information
10.7.2 BENTELER Introduction and Business Overview
10.7.3 BENTELER Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.7.4 BENTELER Tandem Axle Products Offered
10.7.5 BENTELER Recent Development
10.8 Sichuan Jian'an
10.8.1 Sichuan Jian'an Company Information
10.8.2 Sichuan Jian'an Introduction and Business Overview
10.8.3 Sichuan Jian'an Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Sichuan Jian'an Tandem Axle Products Offered
10.8.5 Sichuan Jian'an Recent Development
10.9 KOFCO
10.9.1 KOFCO Company Information
10.9.2 KOFCO Introduction and Business Overview
10.9.3 KOFCO Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.9.4 KOFCO Tandem Axle Products Offered
10.9.5 KOFCO Recent Development
10.10 Gestamp
10.10.1 Gestamp Company Information
10.10.2 Gestamp Introduction and Business Overview
10.10.3 Gestamp Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Gestamp Tandem Axle Products Offered
10.10.5 Gestamp Recent Development
10.11 Shandong Heavy Industry
10.11.1 Shandong Heavy Industry Company Information
10.11.2 Shandong Heavy Industry Introduction and Business Overview
10.11.3 Shandong Heavy Industry Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Shandong Heavy Industry Tandem Axle Products Offered
10.11.5 Shandong Heavy Industry Recent Development
10.12 Hyundai Dymos
10.12.1 Hyundai Dymos Company Information
10.12.2 Hyundai Dymos Introduction and Business Overview
10.12.3 Hyundai Dymos Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Hyundai Dymos Tandem Axle Products Offered
10.12.5 Hyundai Dymos Recent Development
10.13 Magneti Marelli
10.13.1 Magneti Marelli Company Information
10.13.2 Magneti Marelli Introduction and Business Overview
10.13.3 Magneti Marelli Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Magneti Marelli Tandem Axle Products Offered
10.13.5 Magneti Marelli Recent Development
10.14 SINOTRUK
10.14.1 SINOTRUK Company Information
10.14.2 SINOTRUK Introduction and Business Overview
10.14.3 SINOTRUK Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.14.4 SINOTRUK Tandem Axle Products Offered
10.14.5 SINOTRUK Recent Development
10.15 Hyundai WIA
10.15.1 Hyundai WIA Company Information
10.15.2 Hyundai WIA Introduction and Business Overview
10.15.3 Hyundai WIA Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Hyundai WIA Tandem Axle Products Offered
10.15.5 Hyundai WIA Recent Development
10.16 SAF-HOLLAND
10.16.1 SAF-HOLLAND Company Information
10.16.2 SAF-HOLLAND Introduction and Business Overview
10.16.3 SAF-HOLLAND Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.16.4 SAF-HOLLAND Tandem Axle Products Offered
10.16.5 SAF-HOLLAND Recent Development
10.17 SG Automotive
10.17.1 SG Automotive Company Information
10.17.2 SG Automotive Introduction and Business Overview
10.17.3 SG Automotive Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.17.4 SG Automotive Tandem Axle Products Offered
10.17.5 SG Automotive Recent Development
10.18 IJT Technology Holdings
10.18.1 IJT Technology Holdings Company Information
10.18.2 IJT Technology Holdings Introduction and Business Overview
10.18.3 IJT Technology Holdings Tandem Axle Sales, Revenue and Gross Margin (2018-2023)
10.18.4 IJT Technology Holdings Tandem Axle Products Offered
10.18.5 IJT Technology Holdings Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Tandem Axle Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Tandem Axle Industrial Chain Analysis
11.4 Tandem Axle Market Dynamics
11.4.1 Tandem Axle Industry Trends
11.4.2 Tandem Axle Market Drivers
11.4.3 Tandem Axle Market Challenges
11.4.4 Tandem Axle Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Tandem Axle Distributors
12.3 Tandem Axle Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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