Trailer Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

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The Trailer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Trailer Market:
https://www.thebusinessresearchcompany.com/report/trailer-global-market-report

According to The Business Research Company’s Trailer Global Market Report 2024, The trailer market size has grown strongly in recent years. It will grow from $57.63 billion in 2023 to $62.81 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to growth in freight transportation, manufacturing and industrial growth, infrastructure development, global trade expansion, supply chain integration.

The trailer market size is expected to see strong growth in the next few years. It will grow to $87.82 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to eco-friendly trailers, autonomous and connected trailers, safety and collision avoidance, alternative fuels, rise of autonomous trucking, advanced aerodynamics. Major trends in the forecast period include integration of telematics and connectivity, adoption of lightweight materials, refrigerated trailers, smart trailer technologies, aerodynamic designs, customization for specialized applications.

The global population is growing and is expected to reach about 10 billion by 2050, indirectly driving the trailer market. An increase in the population creates more demand for food, automobiles, infrastructure, and transportation. According to the American Trucking Association, the US trucking industry’s national trade association, trucks move about 71% of the nation’s freight, which is driven by population expansion in the country. Population expansion is expected to be the biggest factor in increasing the demand for transportation in countries such as India, Brazil, and African countries in the forecast period. Companies in the market are expected to see a growth in the demand for truck trailers from manufacturers of goods such as food, automobiles, clothing, and other consumer goods in the forecast period.

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https://www.thebusinessresearchcompany.com/sample.aspx?id=2959&type=smp

The trailer market covered in this report is segmented –

1) By Type: Dry Vans, Refrigirated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers
2) By Axle Type: Single Axle, Tandem Axle, Three or More Than Three Axle
3) By End-Use: Paper And Paper Products, Pharma Drugs, Textile Products, Food and Groceries, Agriculture And Farm Products, Chemicals, Petroleum And Petroleum Products, Motor Vehicle And Motor Vehicle Parts, Metal And Minerals, Commercial Machinery, Other Products

Automation and sensor technology are increasingly being used in the trailer industry to increase the efficiencies of dump trailers. The automation technology allows truck drivers to automatically raise and lower the lift axes of dump trailers for easy loading and unloading processes. The sensor technology reduces the chances of overloading the trailer with fixed axles and compromising tyre wear by using intelligent algorithms. Automation and sensor control systems play a vital role in reducing operational costs for transportation companies. Major industry players such as East Manufacturing Company are offering automatically deployed lift axles and rear suspension dumps in trailers.

The trailer market report table of contents includes:

1. Executive Summary
2.Trailer  Market Characteristics
3. Trailer Market Trends And Strategies
4. Trailer market analysis
5 Trailer  Market Size And Growth
6.Trailer  Segmentation
7.Trailer  Regional And Country Analysis
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27.Trailer  Competitive Landscape And Company Profiles
28.Trailer  Key Mergers And Acquisitions
29.Trailer  Future Outlook and Potential Analysis

TOP MAJOR PLAYERS:

  • SAIC Hongyan Automotive Co. Ltd.
  • Daimler Truck AG
  • Doggett Equipment Services Ltd.
  • China International Marine Containers (Group) Ltd
  • , Bernard Krone Holding SE & Co.KG

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