The global demand for Automotive Trailer Market is presumed to reach the market size of nearly USD 47.1 BN by 2030 from USD 25.41 BN in 2022 with a CAGR of 8.02% under the study period 2023 - 2030.
Automotive trailers are non-powered vehicles that are towed by a powered vehicle via a hitch. These trailers transfer goods and commodities from one location to another. Automotive trailers provide many benefits, including low fuel consumption and emissions of GHG gases, large cargo-carrying capacity, and eco-friendly modulations. Cargo companies highly use them to transfer their goods within the country or internationally. They are also employed for recreational purposes, like transporting luggage, fishing boats, or mobile residences with specific amenities.
Market Dynamics
The expansion of the logistics business, combined with an increase in cold chain transportation, cost reductions, and increased trailer carriage capacity, are some of the factors driving the growth of the automotive trailers market. Moreover, technological advancement in automotive trailers and increased attention to trailer platooning are predicted to provide profitable growth prospects for this market in the upcoming years. However, factors such as the high maintenance cost of the automotive trailers and the rise in environmental concerns regarding refrigerated trailers can hamper the growth of the automotive trailers market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive trailer. The growth and trends of automotive trailer industry provide a holistic approach to this study.
Market Segmentation
This section of the automotive trailer market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Vehicle Type
- Two-Wheeler & Bike
- Passenger Car
- Commercial Vehicle
By Trailer Type
- Dry Van & Box
- Refrigerator
- Chemical & Liquid
- Tipper
- Flatbed
- Others
By Axle Type
- Single Axle
- Tandem Axle
- Three Or More Than Three Axle
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Trailer market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automotive Trailer Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive trailer market include Böckmann Fahrzeugwerke GmbH China, International, Marine Containers (Group) Co., Ltd., Dennison Trailers Ltd., Great Dane, Humbaur GmbH, Hyundai Motor Group (HYUNDAI Translead, Inc.), Ifor Williams Trailers Ltd., Schmitz Cargobull, Utility Trailer Manufacturing Company and Wabash National Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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