North American Heavy Duty Truck Select Chassis Components Market Analysis 2016–2025

North American Heavy Duty Truck Select Chassis Components Market Analysis 2016–2025

Axles, Suspensions, Brakes, and Driveline Components to Grow from $1.57 Billion in 2016 to $2.39 Billion in 2025

RELEASE DATE
06-Nov-2017
REGION
Global
Research Code: K1D8-01-00-00-00
SKU: AU01576-GL-MR_21059
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Description

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.

Table of Contents

Impact of Top Mega Trends on HD Truck Chassis Components

Key Trends Impacting Select Chassis Components

Drivers for the Thrust Toward Electrification of HD Trucks

HD Truck Market Forecast

NA HD Truck Select Chassis Component Market Size, 2016–2025

Research Scope

Research Aims and Objectives

Research Background

Research Methodology

Key OEMs Compared in this Study

Commercial Vehicle Definitions and Vehicle Segmentation

Trend 1—Gradual Electrification of Powertrain

Various Electric Driveline Configurations

Impact of Electrification on Axles

Impact of Electrification on Wheel End

Impact of Electrification on Brakes

Trend 2—Downspeeding and the Impact on Driveline

Impact of Downspeeding on Axles

Trend 3—Proliferation of Tire Pressure Systems

Trend 4—Light Weighting and the Impact on Driveline Components

Trend 5—Vertical Integration (VI) and the Impact on Chassis

Product Life Cycle Analysis of Key Chassis Technologies

Product Overview—HD Truck Axles

HD Truck Axle Market Unit Shipment Forecast and Market Share

Product Overview—Suspensions

HD Truck Suspension Market—Unit Shipment Forecast and Market Share

Product Overview—HD Truck Driveline Components

HD Truck Driveline Market—Unit Shipment Forecast and Market Share

Product Overview—Brakes

HD Truck Brakes Market—Unit Shipment Forecast and Market Share

Bendix Spicer LLC Profile

Dana Corporation Profile

Detroit Profile

Hendrickson International Profile

Meritor Inc Profile

Growth Opportunity 1—E-axles

Growth Opportunity 2—Air Disc Brakes (ADB)

Strategic Imperatives for Success and Growth

Key Conclusions

The Last Word—3 Big Predictions

Legal Disclaimer

Learn More—Next Steps

Market Engineering Methodology

List of Figures
  • 1. Commercial Vehicle Market: Definitions and Segmentation, NA, 2016
  • 2. HD Truck Market: Light Weighting Technologies by Price, NA, 2017
  • 3. HD Truck Market: OEM VI, NA, 2016
  • 4. HD Truck Select Chassis Components Market: Supplier Profile—Bendix Spicer LLC, North America, 2016
  • 5. HD Truck Select Chassis Components Market: Supplier Profile—Dana Corporation, North America, 2016
  • 6. HD Truck Select Chassis Components Market: Supplier Profile—Detroit, North America, 2016
  • 7. HD Truck Select Chassis Components Market: Supplier Profile—Hendrickson International, North America, 2016
  • 8. HD Truck Select Chassis Components Market: Supplier Profile—Meritor Inc, North America, 2016
List of Charts
  • 1. Trucking Industry: Volume of GHG Emitted, NA, 2016
  • 2. HD Truck Fleets % Share in TCO, NA, 2016
  • 3. Petroleum Consumption, US, 2016
  • 4. HD Truck Market: Truck Sales, NA, 2016 and 2025
  • 5. HD Truck Sales by Powertrain, NA, 2016
  • 6. HD Truck Sales by Powertrain, NA, 2025
  • 7. HD Truck Select Chassis Components Market: Revenue Breakdown, NA, 2016 and 2025
  • 8. HD Truck Select Chassis Components Market: Definitions and Segmentation, NA, 2016
  • 9. HD Truck Market: Powertrain Penetration, NA, 2016 and 2025
  • 10. HD Hybrid/Electric Truck Market: Architecture Penetration, NA, 2025
  • 11. HD Hybrid/Electric Truck Market: Driveline Types, NA, 2016–2025
  • 12. HD Trucks: Hybrid-Electric Penetration, Global, 2016 and 2025
  • 13. HD Truck Market: Electrification, Global, 2016
  • 14. Key Manufacturers Who Are Fine-tuning This Technology For HD Trucks, NA and EU, 2016
  • 15. HD Truck Market: Fuel Economy at Low Engine Speeds—Downspeeding for Highway Cruise Speeds, Dana, NA, 2014
  • 16. HD Truck Market: Traditional U -Joint Life Analysis, Dana, NA, 2014
  • 17. HD Truck: Axle Ratio Vs Torque, Dana, NA, 2014
  • 18. HD Truck: Sample Torque Curve, Freightliner, NA, 2016
  • 19. HD Truck Market: Technology Categories—Tire Pressure Systems, NA, 2016
  • 20. HD Chassis Advanced Technology Market: Product Life Cycle, NA, 2017
  • 21. HD Truck Axles Market: Axles Overview, NA, 2016
  • 22. HD Truck Axles Market: Unit Shipment Forecast, NA, 2016 and 2025
  • 23. HD Truck Axles Market: Supplier Market Share, NA, 2016
  • 24. HD Truck Suspension Market: Suspension Overview, NA, 2016
  • 25. HD Truck Suspension Market: Unit Shipment Forecast, NA, 2016 and 2025
  • 26. HD Truck Suspension Market: Supplier Market Share, North America, 2016
  • 27. HD Truck Driveline Market: Driveline Overview, NA, 2016
  • 28. HD Truck Driveline Market: Unit Shipment Forecast, NA, 2016 and 2025
  • 29. HD Truck Driveline Market: Supplier Market Share, North America, 2016
  • 30. HD Truck Brakes Market: Brakes Overview, NA, 2016
  • 31. HD Truck Brakes Market: Unit Shipment Forecast, NA, 2016 and 2025
  • 32. HD Truck Brakes Market: Brakes Supplier Market Share, North America, 2016
  • 33. Dana Corp: Revenue and EBITDA—Total Commercial Vehicle Business, NA, 2014–2016
  • 34. Detroit: Revenue and EBIT—Total Commercial Vehicle Business, NA, 2014–2016
  • 35. Meritor Inc: Revenue and EBITDA—Total Commercial Vehicle business, NA, 2014–2016
  • 36. HD Truck Select Chassis Components Market: Key Conclusions, NA, 2016–2025
Related Research
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
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Table of Contents | Executive Summary~ || Impact of Top Mega Trends on HD Truck Chassis Components~ || Key Trends Impacting Select Chassis Components~ || Drivers for the Thrust Toward Electrification of HD Trucks~ || HD Truck Market Forecast~ || NA HD Truck Select Chassis Component Market Size, 2016–2025~ | Research Scope, Objectives, Background, and Methodology~ || Research Scope~ || Research Aims and Objectives~ || Research Background~ || Research Methodology~ || Key OEMs Compared in this Study~ | Definitions and Segmentation~ || Commercial Vehicle Definitions and Vehicle Segmentation ~ | Major Trends Influencing Conventional Truck Chassis Components~ || Trend 1—Gradual Electrification of Powertrain~ || Various Electric Driveline Configurations ~ || Impact of Electrification on Axles~ || Impact of Electrification on Wheel End~ || Impact of Electrification on Brakes~ || Trend 2—Downspeeding and the Impact on Driveline~ || Impact of Downspeeding on Axles~ || Trend 3—Proliferation of Tire Pressure Systems~ || Trend 4—Light Weighting and the Impact on Driveline Components~ || Trend 5—Vertical Integration (VI) and the Impact on Chassis~ || Product Life Cycle Analysis of Key Chassis Technologies~ | Market Forecast~ || Product Overview—HD Truck Axles~ || HD Truck Axle Market Unit Shipment Forecast and Market Share~ || Product Overview—Suspensions~ || HD Truck Suspension Market—Unit Shipment Forecast and Market Share~ || Product Overview—HD Truck Driveline Components~ || HD Truck Driveline Market—Unit Shipment Forecast and Market Share~ || Product Overview—Brakes~ || HD Truck Brakes Market—Unit Shipment Forecast and Market Share~ | Profiles of Key Suppliers~ || Bendix Spicer LLC Profile~ || Dana Corporation Profile~ || Detroit Profile~ || Hendrickson International Profile~ || Meritor Inc Profile~ | Growth Opportunities in the North American Heavy Duty Truck Select Chassis Systems Market~ || Growth Opportunity 1—E-axles~ || Growth Opportunity 2—Air Disc Brakes (ADB)~ || Strategic Imperatives for Success and Growth ~ | Conclusion~ || Key Conclusions~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Learn More—Next Steps~ || Market Engineering Methodology~
List of Charts and Figures 1. Commercial Vehicle Market: Definitions and Segmentation, NA, 2016~ 2. HD Truck Market: Light Weighting Technologies by Price, NA, 2017~ 3. HD Truck Market: OEM VI, NA, 2016~ 4. HD Truck Select Chassis Components Market: Supplier Profile—Bendix Spicer LLC, North America, 2016~ 5. HD Truck Select Chassis Components Market: Supplier Profile—Dana Corporation, North America, 2016~ 6. HD Truck Select Chassis Components Market: Supplier Profile—Detroit, North America, 2016~ 7. HD Truck Select Chassis Components Market: Supplier Profile—Hendrickson International, North America, 2016~ 8. HD Truck Select Chassis Components Market: Supplier Profile—Meritor Inc, North America, 2016~| 1. Trucking Industry: Volume of GHG Emitted, NA, 2016~ 2. HD Truck Fleets % Share in TCO, NA, 2016~ 3. Petroleum Consumption, US, 2016~ 4. HD Truck Market: Truck Sales, NA, 2016 and 2025~ 5. HD Truck Sales by Powertrain, NA, 2016~ 6. HD Truck Sales by Powertrain, NA, 2025 ~ 7. HD Truck Select Chassis Components Market: Revenue Breakdown, NA, 2016 and 2025~ 8. HD Truck Select Chassis Components Market: Definitions and Segmentation, NA, 2016~ 9. HD Truck Market: Powertrain Penetration, NA, 2016 and 2025~ 10. HD Hybrid/Electric Truck Market: Architecture Penetration, NA, 2025~ 11. HD Hybrid/Electric Truck Market: Driveline Types, NA, 2016–2025~ 12. HD Trucks: Hybrid-Electric Penetration, Global, 2016 and 2025~ 13. HD Truck Market: Electrification, Global, 2016~ 14. Key Manufacturers Who Are Fine-tuning This Technology For HD Trucks, NA and EU, 2016~ 15. HD Truck Market: Fuel Economy at Low Engine Speeds—Downspeeding for Highway Cruise Speeds, Dana, NA, 2014~ 16. HD Truck Market: Traditional U -Joint Life Analysis, Dana, NA, 2014~ 17. HD Truck: Axle Ratio Vs Torque, Dana, NA, 2014~ 18. HD Truck: Sample Torque Curve, Freightliner, NA, 2016~ 19. HD Truck Market: Technology Categories—Tire Pressure Systems, NA, 2016~ 20. HD Chassis Advanced Technology Market: Product Life Cycle, NA, 2017~ 21. HD Truck Axles Market: Axles Overview, NA, 2016~ 22. HD Truck Axles Market: Unit Shipment Forecast, NA, 2016 and 2025~ 23. HD Truck Axles Market: Supplier Market Share, NA, 2016~ 24. HD Truck Suspension Market: Suspension Overview, NA, 2016~ 25. HD Truck Suspension Market: Unit Shipment Forecast, NA, 2016 and 2025 ~ 26. HD Truck Suspension Market: Supplier Market Share, North America, 2016~ 27. HD Truck Driveline Market: Driveline Overview, NA, 2016~ 28. HD Truck Driveline Market: Unit Shipment Forecast, NA, 2016 and 2025 ~ 29. HD Truck Driveline Market: Supplier Market Share, North America, 2016~ 30. HD Truck Brakes Market: Brakes Overview, NA, 2016~ 31. HD Truck Brakes Market: Unit Shipment Forecast, NA, 2016 and 2025~ 32. HD Truck Brakes Market: Brakes Supplier Market Share, North America, 2016~ 33. Dana Corp: Revenue and EBITDA—Total Commercial Vehicle Business, NA, 2014–2016~ 34. Detroit: Revenue and EBIT—Total Commercial Vehicle Business, NA, 2014–2016~ 35. Meritor Inc: Revenue and EBITDA—Total Commercial Vehicle business, NA, 2014–2016~ 36. HD Truck Select Chassis Components Market: Key Conclusions, NA, 2016–2025 ~
Author Silpa Paul
Industries Automotive
WIP Number K1D8-01-00-00-00
Keyword 1 Heavy Duty Truck
Keyword 2 Chassis Components
Is Prebook No