The Business Research Company’s latest report Trailer Global Market Report 2020 covers Trailer market drivers, Trailer market trends, Trailer market segments, Trailer market growth rate, Trailer market major players, and Trailer market size. The report provides in-depth analysis of the impact of COVID-19 on the Trailer industry, along with revised market numbers due to the effects of the coronavirus.
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Trailer Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global trailer market is expected to grow from $54.2 billion in 2019 to $54.9 billion in 2020 at a compound annual growth rate (CAGR) of 1.3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 11% from 2021 and reach $73.4 billion in 2023.
The report covers the Trailer market’s segments-
1) By Type: Dry Vans, Refrigerated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers
2) 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.
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