What is Automotive Trailer Market Scope?
Automotive trailers are used with carriage vehicles to increase their load carrying capacity. Trailers are towed by hitches and then further attached with trucks, sport utility vehicles and traction engines. Various goods and materials such as heavy cargo, modular constructions, and livestock among others are transported using automotive trailers. Recently, the demand for light weight automotive trailers has increased significantly owing to cost-efficiencies it offers. This has led to rise in production of aluminium based automotive trailers.
Influencing Trend:
Growing Demand for Automotive Trailer Which has Less-maintenance and Increasing Sales of Aluminium Made Automotive Trailer Owing to Its Light Weight
Market Growth Drivers:
Growing Need to Increase Carriage Capacity to Obtain Fuel-efficiency and Increasing Use of Automotive Trailer in End-user Industries such as Logistics, Construction, and Livestock Transportation
Challenges:
Issue of Corrosion and Rustiness with Steel Made Automotive Trailer and High Initial Cost Involved in Manufacturing of Automotive Trailer
Restraints:
High Cost and Complexity Associated with Maintenance of Automotive Trailer and Regulatory Prohibition Regarding Operation of Automotive Trailers in Big Cities
Opportunities:
Rapidly Growing Logistics Industry
The Automotive Trailer market study is being classified by Type (Dry Van & Box, Refrigerator, Chemical & Liquid, Tipper, Flatbed and Others (Bottom Dump and Cargo)), by Application and major geographies with country level break-up.
According to AMA, the Global Automotive Trailer market is expected to see growth rate of 3.56% and may see market size of USD28.7 Billion by 2028.Market players are focusing on providing automotive trailer with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified automotive trailer. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Analysts at AMA predicts that Vendors from American will contribute to the maximum growth of Global Automotive Trailer market throughout the predicted period.
China International Marine Containers Co., Ltd (China), Schmitz Cargobull Aktiengesellschaft (Germany), Wabash National Corporation (United States), Great Dane Trailers (United States), Dennison Trailers Ltd. (United Kingdom), Utility Trailer Manufacturing Company (United States), Hyundai Motor Group (South Korea), Humbaur GmbH (Germany), Ifor Williams Trailers Ltd. (United Kingdom) and Böckmann Fahrzeugwerke GmbH (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are MAXXD Trailers (United States), Miller Industries Inc. (United States), Big Tex Trailers (United States), ANG Industries Ltd. (India), DUTCH LANKA TRAILER MANUFACTURERS LTD (Sri Lanka), Pace American (United States, Utility Trailer Manufacturing Company (United States) and Kögel Trailer (Germany).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Automotive Trailer market by Type, Application and Region.
On the basis of geography, the market of Automotive Trailer 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).
Market Influencers and their Development Strategies
In April 2022, TIP Trailer Services has acquired the trailer leasing and maintenance business of Ryder. It is commercial vehicle rental, contract hire, and dedicated delivery solutions firm in the UK. TIP is going to integrate Ryder assets and contracts from its mobile maintenance services division into its existing UK business. With this acquisition, company is anticipated to expand its business and market share in the trailer leasing, rental, maintenance and repair space of automotive trailer.
In 2020, Daimler India Commercial Vehicles (DICV) has launched its next generation heavy duty segment 50 tonne tractor trailer under the BharatBenz brand. The 5028TT is a 4X2 50 tonne tractor-trailer model is powered by OM 926 BS VI engine with a peak torque of 1100 Nm with a 9-Speed gearbox. It has a 304mm ground clearance. The steering wheel is hydraulic power assisted and the GCW is suitable with three axle trailer. With these new characteristics, company has expanded its portfolio with advanced technologies.
Key Target Audience
Automotive Trailer Manufactures, Raw Material Suppliers, End-users Industries, Government Agencies, Market and Research Firms, Industry Associations and Others
Automotive Trailer Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Automotive Trailer Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Automotive Trailer industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.