Medium & Heavy Commercial Vehicles Axle & Propeller Shaft Market Driving Growth Trajectory with USD 10 Billion Valuation
According to TechSci Research report, “ Global Medium & Heavy Commercial Vehicles Axle & Propeller Shaft Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Medium & Heavy Commercial Vehicles Axle & Propeller Shaft Market stood at USD 10 billion in 2022 and is anticipated to grow with a CAGR of 6.57% in the forecast period, 2024-2028. The operation of a vehicle is significantly influenced by the axles and propeller shafts of the vehicle. Live axles also execute the extra responsibility of supplying the torque to the wheels in addition to bearing the entire weight of the vehicle, cargo, and passengers on the axles. Along with the other elements of the drive train, a propeller shaft's job is to deliver torque and rotation. The growing worldwide vehicle production as well as engineering advancements that are geared toward sustainability and fuel efficiency are major market drivers for axle...