About Trailer Surge Brake
Trailer surge brakes are the type of hydraulic brakes that are triggered by using the momentum and weight of the trailer. Trailer surge brakes market has high growth prospects owing to increasing demand for the cargo and freight services. Moreover, technological advancement in the trailer surge brakes and increasing demand from the developing economies expected to drive the product demand during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the trailer surge brake market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Trailer Surge Brake market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dexter Axle Company (United States), CURT Manufacturing LLC (United States), Demco (United States), Tie Down Engineering (United States), Heritage Custom Trailers (United States), PJ Trailers (United States), Croft Trailer Supply (United States), Lippert Components, Inc. (United States) and Atwood (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Rigid Hitch (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Trailer Surge Brake market by Type (Drum Brakes, Disc Brakes and Hydraulic Breakaway), Application (Marine Trailer, Automobile Semi-Trailer, Automobile Full Trailer, RV Trailer and Utility Trailers) and Region.
On the basis of geography, the market of Trailer Surge Brake has been segmented into 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). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Trailer Surge Brake market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Applications in Cargo and Freight Services
Market Growth Drivers:
Increasing Applications in Cargo and Freight Services
Challenges:
Availability of Substitute Products-Such As Air and Electric Brakes
Restraints:
High Maintenance Cost
Opportunities:
Growing Demand from End-Use Industries and Increasing Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In January 2018, DexKo Global Inc., a global leader in highly engineered trailer running gear, chassis assemblies and related components announced that its subsidiary, Dexter, has acquired Kodiak, based out of Ft. Worth, TX. Kodiak is a manufacturer of light and medium duty axle brakes serving the marine, RV, horse, commercial, industrial, cargo, and select military market segments.
In December 2021, DexKo Global Inc., the global leader in highly engineered trailer running gear, chassis assemblies, and related components, announced that its wholly-owned subsidiary, Dexter Axle Company, launched a long-term brand strategy offering trailer parts and accessories through distribution under the trusted brand, Dexter.
Key Target Audience
Trailer Surge Brake Manufacturers, Trailer Surge Brake Distributors, Electronic Component Providers, Technology Providers, Potential Investors, Government and Research Organizations, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.