Steerable Lift Axle Market to Reach USD 5.6 Billion by 2032 Driven by Rising Commercial Vehicle Demand
The global Steerable Lift Axle market is experiencing significant growth due to the increasing adoption of advanced axle technologies in commercial vehicles to improve fuel efficiency, load management, and maneuverability. According to Market Intelo, the market was valued at USD 3.1 billion in 2023 and is projected to reach USD 5.6 billion by 2032, expanding at a CAGR of 6.3% during the forecast period.
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