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

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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

1. 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
2. Research Scope, Objectives, Background, and Methodology
Research Scope
Research Aims and Objectives
Research Background
Research Methodology
Key OEMs Compared in this Study
3. Definitions and Segmentation
Commercial Vehicle Definitions and Vehicle Segmentation
4. 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
5. 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
6. Profiles of Key Suppliers
Bendix Spicer LLC Profile
Dana Corporation Profile
Detroit Profile
Hendrickson International Profile
Meritor Inc Profile
7. 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
8. Conclusion
Key Conclusions
The Last Word—3 Big Predictions
Legal Disclaimer
9. Appendix
Learn More—Next Steps
Market Engineering Methodology


List of Figures & Charts

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



Keyword1
heavy duty truck
Keyword2
chassis components
Keyword3
heavy duty truck

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