About Equipment Trailers
Equipment trailer, a general category of trailers intended to haul equipment or other heavy-duty tasks. Trailers companies are focusing on the development of lightweight trailers to comply with changing the industry and government regulations. Moreover, stringent greenhouse gas emission regulations are compelling the manufacturers to use a higher percentage of lightweight components in the assembly of trailers across the world.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Equipment Trailers 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.
Big Tex Trailer Manufacturing (United States), Kaufman Trailers (United States), Gatormade Trailers (United States), Doepker Industries (Canada), East Manufacturing Corporation (United States), Felling Trailers, Inc. (United States), Fontaine Trailer Company (United States), Fruehauf Trailer Corporation (Germany), EnTrans International, LLC. (United States), Kentucky Trailer (United States) and Manac (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are PJ Trailers (United States), Pro-Line Trailers (United States) and Lamar Trailers (United States).
Segmentation Overview
AMA Research has segmented the market of Global Equipment Trailers market by Type (Standard Equipment Trailer and Deluxe Equipment Trailer), Application (Personal Use and Commercial Use) and Region.
On the basis of geography, the market of Equipment Trailers 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 Number of Axel Type , the sub-segment i.e. Less Than 3 Axles will boost the Equipment Trailers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Foot Length Type, the sub-segment i.e. 28-45 Foot will boost the Equipment Trailers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Use of Advanced Technologies by Key Market Players
Market Growth Drivers:
Consistent Growth of Connected Logistics Globally and Increasing Demand for Self-Propelled Modular Equipment Trailers
Challenges:
Lowering the Total Cost of Ownership (TCO) & Maintenance Cost
Restraints:
Presence of Local Players in Unorganised Sector and Shortage of Skilled and Qualified Drivers in Developing Nations
Opportunities:
Companies are Manufacturing Lightweight Semi-Trailers and Growing Construction and Mining Sector Globally
Market Leaders and their expansionary development strategies
In December 2022, Great Western Trailer acquired of Southwest Trailer & Equipment, LLC. The acquisition as it expands the growth of company.
In December 2022, Stellar, an employee-owned and operated manufacturer of mechanic trucks and cranes, tire service trucks, hooklifts, roll-off cable hoists, trailers and service truck and van accessories, has introduced its next generation of Single-reel Utility and Telecom Trailers
Key Target Audience
Equipment Trailer Manufacturers, Component Suppliers, Raw Material Suppliers/Distributors, Automotive Companies, End Users 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.