Trailer Market Overview
Trailers are used to carry the transportation of goods. Trailer is also called as a ‘car- carrier’. Most commonly used Trailers are Standard Flatbed Trailers. Trailer helps in transporting heavy loads and large items. There are many types of Trailers which are used in transportation of goods and materials. Flatbed Trailers are used in almost all types of materials like steel coils to lumber and are commonly used in transportation. Refrigerated trailers used to carry pharmaceutical products, frozen foods, ice-creams which are kept in proper insulated and cooling system to maintain the temperature. Medical Trailers are used to provide medical equipment on sites like health camps. Food Service Trailers are accommodated by entire kitchen and provides service to the people at catering conferences, food carnival festivals, etc. which helps to reach more customers. Tank Trailers are used to carry hauling milk, water, oil container, etc. and used as a tanker. Due to increase in demand and wide variety of applications has driven boosts growth in Trailer Market.Trailer Market size accounted for US$ 60.14 billion in 2020 and is estimated to be US$ 103.12 billion by 2030 and is anticipated to register a CAGR of 6.7%.
Trailer Market Dynamics
Rise in disposable income and rate of urbanization
Rise in disposable income of an individual is one of the leading factors for the global trailer market growth. Disposable income allows the consumer to enhance their lifestyle and spend more on luxury vehicles, household products. Moreover, increasing urban population is one of the driving factors for the Trailer market. People living in urban areas have to buy all the daily living things from veggies and other food products. Due to transportation of goods by trailers it has become easy to get all farm products, food products in urban areas. Increase in automotive industries due to demand from consumers has given rise in automotive trailers in supplying vehicle parts. According to data published by United Nations in 2014, about 54% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, the growth in disposable income and population in urban areas boosts the demand for Trailer in market.
Rise in use of agricultural trailer
Rise in agriculture trailer have increased all over the world due to increase in farming mechanism. In forest industries, for transportation of different end-products like freshly cut-woods, forest products like bamboo, rubber are transported by use of agriculture trailers. Thus, increase in use of this agricultural trailers has expected to boosts the growth in the Trailer Market. Commercial Trailers are becoming smarter due to newest technology in agricultural industry. For instance, in 2022, rising in farming and its mechanization there is increase in demand for farming equipment in agriculture trailer market. In several nations, Government authorities around the world are involved in taking initiative and support in rapid adoption in mechanization of framing. This farming mechanism is expected to impact positively on the agriculture trailer market in the upcoming years.
Restrains:
However, unavoidable spoilage of product during transportation may somewhat restrain the growth of the target market.
Trailer Market Segmentation
Trailer market is segmented based on type, application, and region.
On the basis of type, the trailer market is segmented into Tank Trailers, Medical Trailers, Food Service Trailers, Refrigerated Trailers, Flatbed Trailers, Enclosed Trailers, and others. On the basis of application, the target market is classified into Pharmaceutical Products, Textile Products, Metals & Minerals, Agriculture & Farm Products, Chemicals, Commercial Machinery, Petroleum Products, Motor Vehicle Products, and others.
Regional Insights:
On region the trailer market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as India and China, and technological advancements. Moreover, rising presence of industrial corridor is anticipated to increase demand for trailer in the region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 to 2030 |
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Market Segmentation |
By Type - Tank Trailers, Medical Trailers, Food Service Trailers, Refrigerated Trailers, Flatbed Trailers, Enclosed Trailers, and others By Application – Pharmaceutical Products, Textile Products, Metals & Minerals, Agriculture & Farm Products, Chemicals, Commercial Machinery, Petroleum Products, Motor Vehicle Products, and others.
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the trailer market report based on type, application, and region:
Trailer Market, By Type:
- Tank Trailers
- Medical Trailers
- Food Service Trailers
- Refrigerated Trailers
- Flatbed Trailers
- Enclosed Trailers
- Others
Trailer Market, By Application:
- Pharmaceutical Products
- Textile Products
- Metals & Minerals
- Agriculture & Farm Products
- Chemicals
- Commercial Machinery
- Petroleum Products
- Motor Vehicle Products
- Others
Trailer Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Trailer Market Key Players
The key players operating the trailer market includes, Tata International DLT, Hyundai Motor Company, China International Marine Containers (Group) Ltd., Wabash National Corporation, Great Dane LLC, Shekou Port, CIMS, Bernard Krone Holding SE & Co. KG, Titan Trailers, Stako, Anderson, Paramount trailers, Utility Trailer Manufacturing Company, MANAC Inc., Kholeka Engineering, Roadhog trailers, Weilton, Great Dane Limited Partnership, MONO-TRANSSERVISS Ltd., and others. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in 2018, Tata International DLT, has launched India’s first intelligent Trailer which features around 40 intelligent program which helps in providing advanced operational efficiency in trailer market & also helps in reducing the road accidents.
Trailer Market Company Profile
- Tata International DLT*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hyundai Motor Company
- China International Marine Containers (Group) Ltd.
- Wabash National Corporation
- Great Dane LLC
- Shekou Port
- CIMS
- Bernard Krone Holding SE & Co. KG
- Titan Trailers
- Stako
- Anderson
- Paramount trailers
- Utility Trailer Manufacturing Company
- MANAC Inc.
- Kholeka Engineering
- Roadhog trailers
- Weilton
- Great Dane Limited Partnership
- MONO-TRANSSERVISS Ltd.
“*” marked represents similar segmentation in other categories in the respective section
Trailer Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Type
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Tank Trailers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Medical Trailers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Food Service Trailers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Refrigerated Trailers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Flatbed Trailers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Enclosed Trailers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Pharmaceutical Products
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Textile Products
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Metals & Minerals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Agriculture & Farm Products
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Chemicals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Commercial Machinery
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Petroleum Products
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Motor Vehicle Products
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Tata International DLT
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hyundai Motor Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- China International Marine Containers (Group) Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Wabash National Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Great Dane LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Shekou Port
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- CIMS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bernard Krone Holding SE & Co. KG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Titan Trailers
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Stako
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Anderson
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Paramount trailers
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Utility Trailer Manufacturing Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- MANAC Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kholeka Engineering
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Roadhog trailers
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Weilton
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Great Dane Limited Partnership
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- MONO-TRANSSERVISS Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
Trailer Market Highlights
FAQs
The Trailer Market is segmented into basis of on type, application, and region.
Rise in disposable income of an individual is one of the leading factors for the global trailer market growth.
By region, The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as India and China, and technological advancements.
The Key players operating in the Trailer Market includes Tata International DLT, Hyundai Motor Company, China International Marine Containers (Group) Ltd., Wabash National Corporation, Great Dane LLC, Shekou Port, CIMS, Bernard Krone Holding SE & Co. KG, Titan Trailers, Stako, Anderson, Paramount trailers, Utility Trailer Manufacturing Company, MANAC Inc., Kholeka Engineering, Roadhog trailers, Weilton, Great Dane Limited Partnership, MONO-TRANSSERVISS Ltd., and others.