Market Snapshot:
Tandem means "one following or behind the other." A trailer with two axles, one behind the other, is a tandem-axle trailer. The extra tires enable the trailer to handle more weight and to be more stable at higher speeds and highway conditions. Also, these trailers usually offer better suspension & the overall safety is improved. Trailers are most widely used by the trucking industry to provide shipping services. Therefore, the market for trailers can be correlated with the trucking industry.
Highlights from Tandem Axle Trailer Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.02% |
The key Manufacturers profiled in the report are BigTex Trailers (United States), Kaufman Trailers (United States), Sirius Trailers BV (Netherlands), Futura Trailers (New Zealand), Aluma Trailers (United States), Nippon Fruehauf Company (Japan), Haulmark (United States), Stateline Trailers (United States), PJ Trailers (United States) and Diamond C Trailer (United States). Additionally, other players that are part of this comprehensive study are Top Hat Trailers (United States) and Galbreath LLC (United States).
Geographic Breakdown and Segment Analysis
The Global Tandem Axle Trailer market presents a comprehensive analysis of the Tandem Axle Trailer market by product type (Flatbed, Container, Gooseneck, Van and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Tandem Axle Trailer industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Tandem Axle Trailer market
Analyst at AMA have segmented the market study of Global Tandem Axle Trailer market by Type, Application and Region.
Influencing Trend:
Focus On Manufacturing Lightweight Trailers to Improve Mileage
Market Growth Drivers:
Rising Demand from Trucking Industry Owing To Higher Stability Provided At Highway Speeds
Restraints:
Government Regulations for Preservation of the Road and Bridge Infrastructure
Opportunities:
Changes in Logistics Landscape Will Grow Number of Freight Carriers and Growth of Construction Sector to Have Positive Impact on Truck and Trailer Demand
Market Developments Activities:
In May 2023, Belmont Trailers, LLC is excited to announce the acquisition of Trailer Masters, LLC, an enclosed trailer manufacturer. This acquisition allows Belmont Trailers to provide our customers with a more diverse product offering and meet more trailer needs.
In August 2023, Hendrickson, a leading global manufacturer and supplier of medium and heavy-duty mechanical, elastomeric and air suspensions, integrated and non-integrated axles, and other commercial vehicle systems, has launched its innovative air and mechanical suspensions and axles for trailer applications in India. With a rich legacy of 110 years in driving technology, design, and innovation, Hendrickson continues to set new benchmarks in providing customized components and suspension systems for the global commercial transportation industry.
Regulatory Insights:
Federal Highway Administration U.S. Department of Transportation has laid down regulations regarding vehicle size and weight limits. The width limit is 2.5 m for trailers, other than farm trailers, and for semitrailers (load included) with a track width (distance between the extremities of each outer wheel on each axle) under 2.5 m. The maximum height of any road vehicle or combination of vehicles, load included is 4.15m. Axle load capacity for a front tandem axle is 11,000 kg. Federal vehicle size and weight limits strive to strike a balance among ensuring the preservation of the road and bridge infrastructure on the highway network, safety, and vehicle productivity.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Key Target Audience
Trailer Manufacturer, Distributor and Supplier, Raw Material Supplier, End-User and Others