The global mid-lift axle market is estimated to reach a value of USD 2,818.0 million in 2023, with expectations to exceed USD 4,813.6 million by 2033, growing at a compound annual growth rate (CAGR) of 5.5% over the forecast period. The market’s expansion is largely driven by rising industrialization in both emerging and established economies, …
Tag Archives: Mid-Lift Axle Market
Mid-Lift Axle Market Projected to Expand 5.5% CAGR, Reaching USD 4,813.6 Million by 2033
The market is expected to reach USD 4,813.6 Million by 2033, expanding at a 5.5% CAGR throughout the forecast period. The mid-lift axle market is driven by several factors, including rising urbanization which is resulting in an increment of recreational activities, and increasing road transportation and construction businesses. Mid-Lift Axles are a necessary part of coupling equipment …