Market Highlights: The car carrier is also known as car hauler and auto transport. Car carrier refers to car caring trailer which is specially designed for caring for cars from one to another destination. Car carriers transport vehicles on a horizontal stage that slides or tilts to the ground to enable loading and unloading of the cars. Additionally, a car carrier can also be used to transport vehicles damaged by conventional towing methods or cars with dangerous chassis and wheel destruction. There is two type of car carrier is available such as open-air car carrier and enclosed car carrier. The market study is being classified by Type (Open-Air Car Carrier and Enclosed Car Carrier), by Application (Automobile Sales Servicshop 4S, Terminals and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Car Carrier are Miller Industries (United States), CIMC (China), Boydstun (United States), Cottrell (United States), Kässbohrer (Germany), Dongfeng Trucks (China), MAN (Germany), Landoll (United States), Kentucky Trailers (United States) and Delavan (United States).
The Material, such as Steel, is boosting the Car Carrier market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights In 2018, Pune-based Force Motors has announced that they are going to acquire Pithampur-based manufacturing plant of German commercial vehicle maker MAN Trucks. The amount of deal not yet disclosed. In 2018, Kässbohrer (Europe’s fastest growing semi-trailer manufacturer) has presented its wide product range and presenting its broad semi-trailer services to the mobility, transportation and logistics world at the upcoming 67thIAA Commercial Vehicles Exhibition.
Key Questions Answered in the Report What will the Car Carrier Market size and the growth rate be in Future? What are the key factors driving the Car Carrier Market? What are the key market trends and macro-economic impacting the growth of the Car Carrier Market? What are the challenges to market growth? Who are the key vendors in the Car Carrier Market? What are the market opportunities and threats faced by the vendors in the Car Carrier Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Car Carrier Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Car Carrier market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Car Carrier market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Car Carrier Manufactures, Car Carrier Supplier/ Distributor/ Retailer, End Users of Car Carrier, Market research and consulting firms, Private Research Institutes, Government Research Institutes and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.