North American Heavy Duty Truck Select Chassis Components Market Analysis 2016-2025
|発行||Frost & Sullivan||商品コード||590296|
|出版日||ページ情報||英文 55 Pages
|北米の大型トラック用シャーシ部品市場の分析 North American Heavy Duty Truck Select Chassis Components Market Analysis 2016-2025|
|出版日: 2017年11月06日||ページ情報: 英文 55 Pages||
Axles, Suspensions, Brakes, and Driveline Components to Grow from $1.57 Billion in 2016 to $2.39 Billion in 2025
The North American Heavy Duty Truck Select Chassis Components Market study covering axles, suspensions, brakes, and driveline components offers an executive overview of the industry with volume and revenue forecast into 2025. It examines key trends in the North American trucking industry that will impact axles, suspensions, brakes, and drivelines. The study finds that notwithstanding price increases in components owing to technological upgrades and rising production costs, the heavy-duty truck select chassis components market-comprising axles, suspensions, driveline and brakes-is expected to grow from $1.57 Billion to $2.39 Billion by 2025. The axles market will experience the largest revenue growth at a 5.7% CAGR over the said years. While sales for the total heavy-duty truck market is expected to stay at current levels, the penetration of hybrid electric vehicles is anticipated to increase steadily at a CAGR of 46% from 2016 to 2025.
Shrinking city spaces and emission tolerance levels, along with rising societal focus on health, wellness, and wellbeing, are propelling trucks toward driver-independent technologies and electrified powertrains. Electrification of the powertrain will have a significant impact on driveline component architecture. Frost & Sullivan's annual heavy-duty fleet manager survey revealed that 16-17% of fleets currently have/plan to have diesel-electric hybrid trucks. The fleet managers were willing to consider a premium of up to $34,000 for hybrid trucks. By 2025, nearly 4.6% of the heavy-duty trucks are expected to be hybrid/full-electric but this would require major advancements in battery technology. In this context, E-axles are a new technology, which is gaining traction for heavy-duty trucking applications. Further, the advent of in-wheel motors can eliminate the need for driveline, axles, and brakes. Thus, suppliers of these components must begin to invest in diversification to ensure survival post 2035.
Chassis component suppliers will have to position their product strategy in line with the industry trends of electrification and digitization. Component design/architecture will need to be compatible with electric vehicle architectures. Integration of connected ‘smart' capabilities to hitherto low-technology components of axles, suspensions, drivelines, and brakes will help improve profitability of these component suppliers through value addition.
Electrification of the powertrain threatens the very presence of conventional components like axles and drivelines in the truck. Suppliers have to diversify product portfolio to mitigate the risk of these components becoming redundant in the future. Over the medium term, light weighting will be a crucial operational strategy adopted by fleets. Suppliers have to seek to deliver value on this front in order to demand product price premiums. Further, as the industry moves toward a truck-as-a-service model, component suppliers will have to be equipped to be a solution provider in new and more diverse ways than just product and aftermarket parts sales.