The global wheel axle market is poised for significant growth, projected to reach US$ 66.73 billion in 2024 and US$ 99.73 billion by 2034, driven by expanding industrial sectors, improved logistics, and the rise of electric vehicles. Key players like Dana Incorporated and Meritor Inc. are leading innovation in this crucial automotive component sector.
The global wheel axle market is poised for significant growth, projected to reach US$ 66.73 billion in 2024 and US$ 99.73 billion by 2034, driven by expanding industrial sectors, improved logistics, and the rise of electric vehicles. Key players like Dana Incorporated and Meritor Inc. are leading innovation in this crucial automotive component sector.
