Overview and Scope
A trailer is a wheeled container that is pulled by a car or other vehicle and is designed to convey objects that are large or heavy. The trailer is frequently utilized for the transportation of commodities and goods.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the trailer market of the trailers market in 2023. North America was the second-largest region of the trailer market. The regions covered in the trailer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the trailer market report are SAIC Hongyan Automotive Co. Ltd., Daimler Truck AG, Doggett Equipment Services Ltd., China International Marine Containers (Group) Ltd., Bernard Krone Holding SE & Co.KG, Wabash National Corporation, MAN SE, Miller Industries Inc., EnTrans International LLC, Schmitz Cargobull AG, Mac Trailer Manufacturing Inc., Heil Trailer International Co., Landoll Corporation, Trail King Industries Inc., Pitts Trailers, Doepker Industries Limited, Humbaur GmbH, Fontaine Trailer Company, East Manufacturing Company, Travis Body & Trailer Inc., Towmaster Trailers, Utility Trailer Manufacturing Company, Felling Trailers, Fruehauf Trailer Corporation, Ledwell, Krone Trailer, Böckmann Fahrzeugwerke GmbH, Ifor Williams Trailers Ltd., Kögel Trailer GmbH & Co. KG, Dennison Trailers Ltd., MANAC INC.
The trailer market report table of contents includes:
1. Executive Summary
2. Trailer Market Characteristics
3. Trailer Product/Service Analysis -Product/Service Examples
4. Trailer Market Trends And Strategies
5. Trailer Market - Macro Economic Scenario
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68. Global Trailer Market Competitive Benchmarking
69. Global Trailer Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Trailer Market
71. Trailer Market Future Outlook and Potential Analysis
72. Appendix
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