The global automotive trailer market size is expected to reach USD 29.07 billion by 2030 according to a new study by Polaris Market Research. The report “Automotive Trailer Market Share, Size, Trends, Industry Analysis Report, By Vehicle Type (Two-wheeler & Bike, Passenger Car, Commercial Vehicle); By Trailer Type; By Axle Type (Single Axle, Tandem Axle, Three or More Than Three Axle); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
“According to the research report published by Polaris Market Research, the Global Automotive Trailer Market Size Is Expected To Reach USD 29.07 Billion By 2030, at a CAGR of 4.1% during the forecast period.”
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The rise in government support to use double- and triple-deck trailers, along with rising investments by private and public authorities in emerging economies, will positively influence the industry growth. For instance, in December 2021, the Ministry of Road Transport & Highways (MoRTH) has proposed and allowed the usage of triple-deck motorized that will enhance carriage capacity by almost 40-50% for increased shipment.
Furthermore, the rising spending on capital-intensive projects and infrastructure development initiatives is expected to contribute higher in the upcoming decade, driving the need for these to transport construction equipment and materials. This is expected to bolster the industry demand across the globe.
By type, the dry van & box segment is projected to garner a significant share during the forecast period on account of the advantages such as secure, reasonable, and multipurpose solutions in terms of freight shipments for both local and over-the-road routes.
The growth of these is driving the industry growth as this industry has changed the way logistics is done in retail shipments across the globe. Motorized trailers for transporting and storing perishable products are rising due to their cost-benefit aspects and convenience concerning improving operational efficiency concerning technical developments. Thus, the rise in demand for perishable goods and the integration of AI-based optimization in trailers to attain carbon neutrality are creating a positive outlook for industry growth worldwide.
Top Key Players:
- Bockmann Fahrzeugwerke
- Dennison Trailers
- China International Marine Containers
- Humbaur
- Great Dane
- Schmitz Cargobull
- Hyundai Motor Group
- Ifor Williams Trailers
- Wabash National Corp
- Utility Trailer Manufacturing
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Polaris Market Research has segmented the automotive trailer market report on the basis of vehicle type, trailer type, axle type, and region:
Automotive Trailer, Vehicle Type Outlook (Revenue – USD Billion)
- Two-wheeler & Bike
- Passenger Car
- Commercial Vehicle
Automotive Trailer, Trailer Type Outlook (Revenue – USD Billion)
- Dry Van & Box
- Refrigerator
- Chemical & Liquid
- Tipper
- Flatbed
- Others
Automotive Trailer, Axle Type Outlook (Revenue – USD Billion)
- Single Axle
- Tandem Axle
- Three or More Than Three Axle
Automotive Trailer, Regional Outlook (Revenue – USD Billion)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Netherlands
- Spain
- Austria
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Latin America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Reasons to Purchase This Report
- To get a comprehensive evaluation of all opportunities and risks in the market.
- To study business predictions by region, key countries, and top companies’ information to channel their investments.
- To obtain precise market information and extensive analysis in order to achieve efficiency, growth, and profit in the business.
- To track significant changes in the competitive scenario and market dynamics & trends.
- To evaluate the market by segments, countries with Automotive Trailers Market share and sales by key countries in these various regions.
- To explore key strategies adopted by players to sustain themselves in the market and expand their presence across the world.
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Along with consumption and consumption value projections, forecasts for production and production value are also provided and important regional markets. Additionally, the researchers have researched probable areas that could experience positive Automotive Trailers Market growth. In addition, a thorough analysis and evaluation of the market verticals in this research will help new entrants understand important perspectives and investment returns.
Finally, this study provides stakeholders with information on which international regions to focus on. The report acts as a reliable resource for acquiring the study data that is anticipated to significantly expand your business. Overall the study document enables stakeholders to learn more about how end users think.
The Report Addresses the Following Queries:
- How have the production techniques evolved in recent years?
- How can the emerging players in the market establish their foothold in the current market landscape?
- The market in which region is expected to witness the highest growth during the forecast period?
- What is the projected value of the market during the forecast period?
- How can the emerging players in the market solidify their position in the market?
Browse market data Tables and Figures and in-depth TOC on Automotive Trailers Market Forecast Report (2023-2032) @ https://www.polarismarketresearch.com/industry-analysis/automotive-trailer-market
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