#Trailer Axle Market share

[johnsentrailersalesnd]

Reasons To Consider Used Trailer Sales in Grand Forks and Minot, ND

Buying a car is commonplace, but deciding to buy a trailer can be a big ask, especially for individuals who have never made such an investment before. Yet the trailer becomes a quintessential investment when one is engaged in trade and has to carry varied items to be delivered to the nearest market. Buying a brand new trailer of a famous brand may be hugely expensive for people of modest means and those who have just embarked on the business. Renting a trailer is not feasible all the time, either. The best way to get an affordable trailer that fulfills the purpose ideally is to consider checking out the used trailer sales in Grand Forks and Minot, ND, and invest in the one that seems suitable. ​ True, many people balk at the idea of purchasing a trailer used extensively by the previous owner. This often makes the investor worried about the wear & tear and damages. It thus makes sense to understand the following facts before buying a used trailer that has been put up for sale:

· The trailer will be handed over in its present condition

· It is essential to check the brakes, tires, and axles carefully before making the final decision about buying a particular trailer · There are sure to be many trailers in excellent condition despite being used before · It is essential to be concerned about the information and avoid scams when making an online purchase · It is always safer to buy from a well-known dealer who can be traced to a physical location. Such dealers have their reputation to uphold and will not try to trick or cheat the customers

Yes! Individuals have every right to worry when deciding between a new and used trailer. Purchasing a trailer that has been used before also has its share of advantages. Some of the things that appeal to the new owner include the following:-

· Cost Saving- This is the most pleasing aspect of buying a used trailer. While brand-new trailers are hugely expensive, used trailers of the same model can be highly affordable. There are no additional expenses to incur either.

· Durability- A trailer that has been used for several years is bound to be durable. It is likely to have encountered all outdoor elements and remained intact. While it is essential to check the trailer for signs of wear & tear and weak points, such trailers are usually durable and good to be used for many more years.

· Modifications- A buyer seeking a good quality used trailer will not be disappointed. Additionally, the previous owner will modify the trailer to enhance efficiency. There may be many upgrades to the layout and design of the trailer and its functionality.

Checking out the variety at the used trailer sales in Grand Forks and Minot, ND, can enable one to get the best deal. 

[automotivetransportationresearch]

Air Brake System Market worth $3.4 billion by 2028

According to a research report "Air Brake System Market by Type (Disc & Drum), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, & Slack Adjuster), Rolling Stock, Vehicle Type (Rigid Body, Heavy-Duty, Semi-Trailer, & Bus), Region - Global Forecast to 2028" published by MarketsandMarkets, the global air brake system market is projected to grow from USD 3.1 billion in 2023 to USD 3.4 billion by 2028 at a CAGR of 2.2% from 2023 to 2028.

Browse 272 market data Tables and 48 Figures spread through 267 Pages and in-depth TOC on "Air Brake System Market by Type (Disc & Drum), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, & Slack Adjuster), Rolling Stock, Vehicle Type (Rigid Body, Heavy-Duty, Semi-Trailer, & Bus), Region - Global Forecast to 2028"    The growth in air brake systems is primarily driven due to a rise in heavy commercial vehicle production, driven by technological advancements, safety concerns, and government regulations. For instance, FMVSS 121 (US) or CMVSS 121 (Canada) monitors performance and equipment requirements for braking systems on vehicles equipped with air brake systems. Similarly, air brake regulations are observed under Heavy Vehicle National Law (HVNL) in Australia. Air brakes are preferred in commercial vehicles over hydraulic brakes for their safety features and fail-safe measures.

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“Heavy-duty truck to be the largest market for air brake systems”

Heavy-duty trucks include class 7 and class 8 trucks in which class 7 weighing approximately 12 to 14 tons, whereas class 8 trucks weighing upto approximately 15 t0 36 tons. According to OICA and MarketsandMarkets analysis, the production of heavy-duty trucks accounted for the maximum of the total truck production for all the regions, including North America, Asia Pacific, Rest of the World, and Europe in 2022 and is expected to dominate during the forecast period. Asia Pacific is the largest market for heavy duty trucks which contributes around ~59% of total heavy duty production at global level. Further, at global level production of heavy duty trucks is around 40% of total commercial vehicle production. Most heavy trucks have air brake systems due to their high load-carrying capacity. The main distinction between the air brake systems for rigid trucks and heavy-duty trucks lies in their load-carrying capacity and number of components. Fleet operators favor heavy-duty trucks for their strong weight-bearing capacity and engine power. The increasing development of economies in Asia and other regions is expected to drive the demand for heavy-duty trucks in the future. As a result, the heavy-duty truck segment is projected to be the largest market for air brake systems in terms of vehicle type.

“Brake chamber is estimated to hold the largest market share in the on-highway air brake system during the forecast period.”

Brake chambers hold the largest market share in global air brake systems for on-highway vehicles. Air brake chambers are metallic containers situated at each wheel, which, when forced by compressed air, convert into mechanical force to stop the commercial vehicle. There are two kinds of air brake chambers, namely, service and spring brake chambers. A service brake chamber contains a flexible rubber disc called a diaphragm, a pushrod metal rod, and a return spring. When the brake pedal is pressed, compressed air fills the service brake chamber causing the brakes to apply.

As the brake chamber is placed at the end of the wheel, the number of axles decides the number of brake chambers in each commercial vehicle. Each axle has two brake chambers in a vehicle. Hence, the number of brake chambers increases with the GVWR of the commercial vehicle. The number of brake chambers in each vehicle may vary with each region, as the average number of axles in each region is different for heavy-duty vehicles and buses. North America and Europe have more multi-axle heavy trucks than Asia Oceania. Hence, the average number of brake chambers in buses in India is four, while in European countries, it is six. Asia Pacific holds the largest market share in the brake chamber market. The demand for brake chambers is related to the number of multi-axle commercial vehicles, as each axle requires two brake chambers. Further, growing commercial vehicle production will also drive the demand for the brake chamber market.

“Europe accounted for the second largest global air brake system market.”

Europe is estimated to be the second-largest market for air brake systems after Asia Pacific. Countries such as France, Germany, UK, and Spain have a higher production of commercial vehicles. The growth of air brake systems in Europe can be attributed to factors such as the growing production of heavy-duty trucks and stringent government regulations related to active safety. As per ACEB, road freight transport is a crucial way of trade and commerce in the European region. Trucks are responsible for >70% of freight transportation over the land in this region. As maximum transportation is conducted through these heavy trucks, it leads to fatal accidents in this region. According to European Union, out of total road fatalities in the EU in 2019, 14% and 2% died due to heavy good vehicle and bus crashes, respectively. Thus, the European Commission has implemented various braking system regulations for heavy commercial vehicles to avoid fatalities from heavy commercial vehicle crashes. For instance, European union mandates to install rollover stability control system in heavy trucks weighing above 3.5 tons.

Further, the inclusion of additional safety-related components to withstand the government braking-related mandates makes the price of the air brake system comparatively higher in Europe than in Asia-Oceania and North America. Additionally, Europe’s disc brake installation rate is the highest due to the shortest stopping braking distance for commercial vehicles. The above factors imply European commercial vehicles’ importance and safety standards. Thus, rising commercial vehicle production and adopting advanced technologies related to air brake systems by OEMs is anticipated to drive the growth of air brake systems in Europe.

Key Market Players

The air brake system market is primarily dominated by globally established players such as Knorr- Bremse AG (Germany),Meritor, Inc. (US), Haldex (Sweden), ZF Friedrichshafen AG (Germany), and Wabtec Corporation (US). These companies consistently develop new products, adopt expansion strategies, and undertake collaborations, partnerships, and mergers & acquisitions to gain traction across different regions in this air brake system market.

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[eldamandate07]

Trucking in Canada: Salary, Top Trucks, and Leading Trucking Companies

In this comprehensive article, we delve into various facets of the Canadian trucking industry. From truck driver salaries and the best truck brands to prominent trucking companies, we've got you covered.

Truck Driver Salaries in Canada

In a continuation of our previous article on becoming a truck driver in Canada, we now explore the salary prospects in this profession. Trucking in Canada not only offers a chance to traverse the vast expanse of the Great White North but also provides an attractive income. Even newcomers to Canada can consider a career in trucking.

How much do truck drivers make in Canada?

With a combination of experience and qualifications, truckers across Canada can earn annual incomes ranging from $48,750 to $82,875 CAD. Several factors influence these earnings, including the driver's skill level, training, years of experience, language proficiency in English and French, and the province of operation.

The average salary for a truck driver in Canada stands at $49,718 CAD per year, equivalent to $25.50 per hour. Entry-level positions typically start at $34,125 CAD per year. Interestingly, reports indicate a growing shortage of truck drivers in Canada, with projections suggesting a shortage of 25,000 truck driving positions by 2023. This increasing demand has led to a lower unemployment rate for truck drivers, which was just 3.3% in 2020, significantly below the national unemployment rate of 5.8% at the same time. Below, we provide an overview of average salaries for truck drivers in various Canadian provinces.

Best Semi Trucks in Canada

Given Canada's diverse geography, from rugged mountainous terrains to flat prairies and dense forests, trucks operating in the region must be dependable and adaptable. This is particularly important for trucks that may cross into the United States. Here are some highly reliable commercial truck brands that cater to the needs of owner-operators and large fleets in Canada:

1. Volvo

Volvo, one of the largest commercial truck brands in Canada, commands a 13.9% market share in the country. Known for innovation, Volvo has been focusing on autonomous trucks and��electric vehicles. Their trucks feature advanced connectivity through telematics data, enabling seamless communication between vehicles on the road. The in-cab interiors offer comfort, and remote diagnostics enhance the ease of driving. Fleet owners can diagnose and troubleshoot issues through a dedicated Windows app.

2. International

In 2018, International trucks accounted for almost 36% of Class 7 truck sales in Canada. Renowned for reliability, International has been working to improve fuel efficiency and vehicle uptime. Their 2020 International LT Series aims to enhance vehicle aerodynamics, reducing the tractor-trailer gap and improving roof fairings to achieve an 8.2% fuel economy improvement.

3. Freightliner

With 75 years of experience, Freightliner stands out with its Detroit powertrain, which optimizes engine, transmission, and axle coordination for improved efficiency. The company is actively researching ways to reduce trucking emissions by transitioning some of their semi-trucks from diesel engines to hydrogen fuel cells.

4. Peterbilt

Peterbilt trucks are known for their comfort, making them a preferred choice for long-haul drivers. SmartAir technology helps save fuel, while Smartlinq remote diagnostics ensure driver safety and quick issue resolution. In 2020, Peterbilt began limited sales of electric vehicles, with plans to steadily increase their electric fleet.

5. Mack

Mack has a century-long history of producing commercial trucks sold in 45 countries. It's the largest manufacturer of Class 8 trucks in North America. Mack trucks excel in diverse climate zones, featuring Absorbent Glass Mat batteries designed for temperature fluctuations and maximizing fuel efficiency, often utilizing natural gas instead of diesel.

6. Kenworth

Kenworth is also exploring hydrogen fuel cell technology for its Class 8 commercial trucks. In collaboration with Toyota, they aim to run 10 of their T680 trucks on hydrogen fuel cells with zero emissions. These aerodynamic trucks boast a comfortable sleeper cab and top-notch infotainment and navigation systems.

For more detailed insights into these truck brands, read our article on the "6 Best Semi Truck Brands for Owner Operators."

Finding a Good Used Commercial Truck in Canada

While the aforementioned truck brands are impressive, commercial trucks represent a significant investment for trucking businesses. To reduce upfront costs, consider purchasing a used truck. However, before making such a decision, it's crucial to assess your business requirements, budget, and the following factors:

History, Maintenance, and Accident Checks

Delve into the truck's history and understand why the current owner is selling it. Examine maintenance and repair records diligently, paying particular attention to oil change records, which can impact engine longevity. Check for any past accidents, their nature, extent of damage, and replaced parts.

Quality Checks

Inspect the truck for physical damage, including rust, both on exterior surfaces and within the vehicle. Bumps or imperfections on painted surfaces, especially the roof, may indicate underlying rust issues. Vigilance against physical damage is essential.

Mileage Checks

Mileage is a key indicator of a truck's overall quality when considered alongside other factors. Understanding the engine model can help determine when an engine rebuild may become necessary.

Horsepower and Towing Capacity Checks

Assess the engine's horsepower and towing capacity to ensure they align with your business's specific towing requirements. Different operations may necessitate varying levels of power.

Purchasing a truck is a significant decision, and these checks can help ensure the truck's long-term viability and cost-effectiveness.

Largest Trucking Companies in Canada

In 2018, the Canadian trucking industry generated a substantial revenue of $39.55 billion CAD, driven by nearly 63.7 million shipments. Larger trucking companies typically operate nationwide, offering drivers diverse experiences and better pay, equipment, and benefits. Here are a few of the largest trucking companies in Canada:

1. TFI International Inc.

Headquartered in Montreal, Quebec, TFI International operates through four business segments, providing a wide range of transportation and logistics services, including truckload, LTL, dedicated contracts, expedited shipments, intermodal transport, temperature-controlled hauling, bulk shipments, tankers, and warehousing.

TFI International's strategic approach allows its subsidiaries to serve regional markets independently while granting the parent company access to broader markets. It boasts the largest share in Canada's LTL business and is Canada's largest trucking fleet.

2. Mullen Group

Mullen Group, a significant player in the Canadian trucking industry, operates various trucking companies, including S. Krulicki & Sons Ltd. Its services extend throughout Canada and the continental United States, encompassing LTL, logistics, warehousing, and distribution.

3. Day & Ross

Founded in 1950, Day & Ross has grown to become a key player in the Canadian trucking landscape. Acquisitions and growth have expanded its presence across North America, offering a comprehensive range of services, including LTL, temperature-controlled delivery, and more.

4. Bison Transport

Established in 1969 and based in Winnipeg, Bison Transport has evolved into a major trucking company. With key terminal hubs across Canada, Bison Transport specializes in cross-border truckload transportation, servicing 48 U.S. states.

[abhigmi]

Asphalt Mixing Plants Market is Poised to Achieve Continuing Growth During Forecast Period 2023-2032

Asphalt mixing plants market is expected to witness massive growth through 2032 owing to the rising production of asphalt globally. Asphalt is crucial as it plays a vital role in the global transportation infrastructure and pushes economic growth and social well-being in the developed & developing countries of the world. As per reports, it is used majorly for making asphalt concrete for road surfaces and pavements, accounting for 85% of the asphalt consumption in the U.S.

In addition, asphalt is used in other applications such as fence-post treatments, waterproofing for fabrics, and sealing alkaline batteries during manufacturing. Besides, infrastructure development has become one of the crucial measures embraced by many governments to combat the economic slowdown caused by the COVID-19 pandemic. All these factors are expected to augment the expansion of the asphalt mixing plants market.

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The key players in the asphalt mixing plant industry are continuously incorporating strategic initiatives like mergers and acquisitions, partnerships, and new product launches to strengthen their foothold in the market. For instance, in March 2022, Astec Industries acquired MINDS Automation Group to enhance its offerings.

Overall, the asphalt mixing plants market is bifurcated in terms of process, application, product, capacity, and regional outlook.

By process, the continuous process segment is slated to record 3.5% CAGR by 2032. In this process, there are no interruptions in the production cycle as the pace of production is not segregated into batches. Continuous asphalt mixing plants are extensively used in processes where continual production and low operational costs are essential.

Considering the application, the others segment is likely to expand significantly through 2032 as hot mix asphalt (HMA) is gaining traction in agricultural settings owing to its capabilities, including easy installation, easy management, long-lasting, and less expensive.

By product, the portable segment is envisioned to be valued at over USD 1.5 billion during the forecast timeframe. The portable products are beneficial and offer features such as compact design, cost efficiency, quick installation, global supplies and support, a cement silo with screw conveyor and accessories, one trailer load, and wheel and axle for mobility. All these factors are expected to propel the segment demand in the future.

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With respect to the capacity, the 50-150 T/H capacity segment will witness notable gains by 2032. The rapid growth can primarily be attributed to high production, large storage capacity and high-quality components that make the modular asphalt mixing plant highly functional.

Regionally, the Europe asphalt mixing plants market is poised to witness positive expansion from 2023 to 2032. The growing revenue share is credited to the rising demand for mobile and semi-mobile asphalt mixing plants with few transport units across the region.

Table of Contents (ToC) of the report:

Chapter 1    Methodology & Scope

1.1    Scope & definitions

1.2    Methodology and forecast parameters

1.2.1    North America

1.2.2    Europe

1.2.3    Asia Pacific

1.2.4    Latin America

1.2.5    Middle East & Africa

1.3    Regional trends

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2    Executive Summary

2.1    Asphalt mixing plants market 360º synopsis, 2018 – 2032

2.1.1    Business trends

2.1.2    Process trends

2.1.3    Application trends

2.1.4    Product trends

2.1.5    Capacity trends

2.1.6    Regional trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/asphalt-mixing-plants-market

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[neha24blog]

Light Car Trailer Market Segmented On The Basis Of Type, Axle, Product, Design, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 24 Jan 2023: The Report Light Car Trailer Market Size, Share & Trends Analysis Report By Type (Utility Light Car Trailer, Recreational Light Car Trailer), By Axle, By Product, By Design, By Region, And Segment Forecasts, 2022 – 2030 The global light car trailer market size is expected to reach USD 2.12 billion by 2030, expanding at a CAGR of 3.7% from 2022 to 2030, according to a…

[severepeanutperfection]

Trailer Axle Market Share and Growth Factors Impact Analysis 2029

The Trailer Axle Market is a rapidly growing market, driven by the increasing demand for transportation and logistics services worldwide. Trailer axles are a critical component of trailers, and are used to support the load of the trailer and transfer it to the wheels. They are available in various types such as single axle, tandem axle, and tridem axle.

The market is segmented based on product type, application, and geography. Based on product type, the market is segmented into single axle, tandem axle, and tridem axle. The single axle segment is expected to hold the largest market share during the forecast period, due to its wide usage in different types of trailers. Based on application, the market is segmented into dry van, refrigerated van, flatbed, and others. The dry van segment is expected to hold the largest market share during the forecast period, due to the increasing demand for dry van trailers in the transportation and logistics industry.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to hold the largest market share during the forecast period, due to the presence of major trailer manufacturers and the increasing demand for transportation and logistics services in the region.

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Key players operating in the Trailer Axle market include SAF-HOLLAND, Meritor, BPW, Alko, and Timken among others.

Overall, the increasing demand for transportation and logistics services is expected to drive the growth of the Trailer Axle market during the forecast period. The market is expected to grow at a CAGR of around 5-6% during the forecast period.

[vishal-sinhasan]

Global Trailer Axle Market Analysis 2015-2019 and Forecast 2020-2025

Latest Report on Global Trailer Axle Market including Market Landscape, and Market size, Revenues by players, Revenues by regions, Average prices, Competitive landscape, market Dynamics and industry trends and developments during the forecast period.

The Global Trailer Axle Market is broadly analysed in this report that sheds light on critical aspects such as the vendor landscape, competitive strategies, market dynamics, and regional analysis. The report helps readers to clearly understand the current and future status of the Global Trailer Axle Market.  The authors of the report profile leading companies of the Global Trailer Axle Market also the details about important activities of leading players in the competitive landscape.

Key companies operating in the Global Trailer Axle Market include:

• DexKo

• Meritor

• BPW Group

• Fuwa-K-Hitch

• JOST Axle Systems

• SAF-HOLLAND

• Hendrickson

• Shandong Huayue

• TND Trailer Axle

Get PDF Sample Copy of the Report to understand the structure of the complete report:

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The report predicts the size of the Global Trailer Axle Market in terms of value and volume for the forecast period 2020-2026. As per the analysis provided in the report, the Global Trailer Axle Market is expected to rise at a CAGR of xx % between 2020 and 2026 to reach a valuation of US$ xx million/billion by the end of 2026. In 2020, the   Global Trailer Axle Market attained a valuation of US$_ million/billion. The market researchers deeply analyse the   Global Trailer Axle Market landscape and the future prospects it is anticipated to create

This publication includes key segmentations of the Global Trailer Axle Market on the basis of product, application, and geography. Each segment included in the report is studied in relation to different factors such as consumption, market share, value, growth rate, and production.

The comparative results provided in the report allow readers to understand the difference between players and how they are competing against each other. The research study gives a detailed view of current and future trends and opportunities of the Global Trailer Axle Market . Market dynamics such as drivers and restraints are explained in the most detailed and easiest manner possible with the use of tables and graphs. Interested parties are expected to find important recommendations to improve their business in the   Global Trailer Axle Market .

Segmental Analysis

The report has classified the Global Trailer Axle Market into segments including product type and application. Every segment is evaluated based on growth rate and share. Besides, the analysts have studied the potential regions that may prove rewarding for the manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall Global Trailer Axle Market.

 Global Trailer Axle Market Segment by Product Type:

• Capacity: Lower than 8,000 lbs

• Capacity: 8,000-15,000 lbs

• Capacity: 15,000-25,000 lbs

• Capacity: More Than 25,000 lbs

Global Trailer Axle Market Segment by Application:

• For Light Weight Trailers Smaller than semi-truck trailers

• For Medium Weight Trailers

• For Heavy Trailers Larger than 10,000 lbs

Competitive Landscape

It is important for every market participant to be familiar with the competitive scenario in the Global Trailer Axle Market. In order to fulfil the requirements, the industry analysts have evaluated the strategic activities of the competitors to help the key players strengthen their foothold in the market and increase their competitiveness.

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Key questions answered in the report:

What is the growth potential of the Global Trailer Axle Market?

Which product segment will grab a lion’s share?

Which regional market will emerge as a frontrunner in the coming years?

Which application segment will grow at a robust rate? What are the growth opportunities that may emerge in the Global Trailer Axle Market in the years to come?

What are the key challenges that the Global Trailer Axle Market may face in the future?

Which are the leading companies in the Global Trailer Axle Market?

Which are the key trends positively impacting the market growth?