Forecast of Global Trailer Axle Market 2023

Global Trailer Axle market will register a 5.5% CAGR in terms of revenue, reach US$ 1650 million by 2023, from US$ 1200 million in 2017. This report studies the Trailer Axle market. An axle is a central shaft for a rotating wheel or gear. On wheeled vehicles, the axle may be fixed to the wheels, rotating with them, or fixed to the vehicle, with the wheels rotating around the axle. In the former case, bearings or bushings are provided at the mounting points where the axle is supported.