An automotive self-steering axle is utilized in several multi-axle vehicles in order to enhance vehicle maneuverability while navigating sharp road turns and corners. A fixed axle reduces maneuverability of vehicles and subsequently, makes the steering rigid. The self-steering axle is provided with a steering lock, which is initiated while reversing the vehicle, in order to prevent vehicle steering.

Incorporating a self-steering axle in multi-axle vehicles reduces tire wear occurring due to dragging of wheels while navigating curves and maneuvering the vehicle. A self-steering axle can save four tires per 100,000 kilometers run by the vehicle. Moreover, it effectively reduces the turning radius of the vehicle and hence, large vehicles can be easily maneuvered through relatively congested areas, as compared to that by vehicles with fixed axles. A self-steering axle also enhances fuel-efficiency of the vehicle. The advantages of self-steering axles mentioned above are primarily driving the global automotive self-steering axle market. Moreover, increase in freight transportation by road coupled with legality of long articulated vehicles across several countries is another prominent factor driving the global self-steering axle market.

A self-steering axle increases the overall weight of the vehicle and costs 20% more than that of a fixed axle, which in turn is restraining the global automotive self-steering axle market. Another major restraint to the global automotive self-steering axle market is steer by brake system, which is incorporated as a substitute to the self-steering axle.

The global automotive self-steering axle market can be segmented based on type, vehicle type, brake type, and geography. Based on vehicle type, the global automotive self-steering axle market can be classified into three segments. Vehicles carrying double trailers are suited for incorporation of self-steering axles, as these vehicles require greater maneuverability. Several tractors with single trailers and trucks utilize self-steering axles in order to enhance vehicle performance and reduce cost expenditure over tire replacement.

In terms of brake type, the global automotive self-steering axle market can be bifurcated into axle with disc brake and axle with drum brake. Disc brakes are being highly preferred over drum brakes, which is primarily attributed to the regulation from Federal authorities to reduce the stopping distance of vehicles. Based on type, the global automotive self-steering axle market can be bifurcated as conventional and advanced. Advanced self-steering axles are equipped with several technologies such as electronically controlled locking and realignment cylinders, and hydraulic system.

In terms of region, the global automotive self-steering axle market can be segmented into five regions. Long haulage trucks and tractors are allowed across several countries of Europe and North America and hence, the demand for self-steering axles is high in these regions. Moreover, considerably large manufacturing, mining, oil & gas, and construction industries in North America are fueling the demand for multi-axle trucks and tractors, which in turn is estimated to fuel the demand for self-steering axles in the region. A large number of truck and tractor manufacturers are located in North America, which are readily incorporating the self-steering axle technology, which in turn is boosting the automotive self-steering axle market in the region.

Key players operating in the global automotive self-steering market include COLAERT ESSIEUX SAS, SAF-HOLLAND S.A., ADR S.p.a., BPWagrar, GKN plc, VALX BV, Hendrickson USA, L.L.C., York Transport Equipment (Asia) Pte Ltd., Dexter Axle Company, TMC Australia, and Taian Hanz Axle Co., Ltd.

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