How Has The Trailer Market Size Evolved Historically?
The trailer market has seen considerable growth due to a variety of factors.
• The size of the trailer market has seen robust growth over the last few years. The market, which was valued at $63.65 billion in 2024, is projected to increase to $69.8 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.7%.
This surge throughout the historical period is due to the expansion in freight transportation, developments in manufacturing and industry, infrastructural advancements, broadening of global trade, and supply chain amalgamation.
How Will the Trailer Market Size Evolve over the Forecast Period?
The trailer market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the trailer market is predicted to witness substantial growth, and it is anticipated to reach $96.48 billion by 2029, with a compound annual growth rate (CAGR) of 8.4%.
Eco-friendly trailers, autonomous and connected trailers, safety and collision avoidance, alternative fuels, and the emergence of autonomous trucking and advanced aerodynamics can be credited for this growth during the forecast period. Additionally, forecast period trends encompass the incorporation of telematics and connectivity, the utilization of lightweight materials, the advent of refrigerated trailers, intelligent trailer technologies, aerodynamic designing and customization for specific applications.
What Are The Key Drivers Fueling Growth In The Trailer Market?
The growth in the global population, anticipated to hit roughly 10 billion by 2050, serves as an indirect driver for the trailer market. A higher population brings with it a heightened demand for various commodities such as food, vehicles, infrastructure, and transport services. The American Trucking Association, representative of the US trucking industry, states that trucks are responsible for transporting approximately 71% of the national freight, a statistic closely tied to the country's growing population. Countries like India, Brazil, and those in Africa are projected to experience the most significant increase in the requirements for transportation due to population surge. The forecast period will likely see a rise in demand for truck trailers from companies manufacturing products such as food, automobiles, apparel, and other consumer goods.
What Key Areas Define The Segmentation Of The Global Trailer Market?
The trailer market covered in this report is segmented –
1) By Type: Dry Vans, Refrigerated 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
Subsegments:
1) By Dry Vans: Standard Dry Vans, High Cube Dry Vans
2) By Refrigerated Trailers: Single Temperature Refrigerated Trailers, Multi-Temperature Refrigerated Trailers
3) By Tank Trailers: Liquid Tank Trailers, Gas Tank Trailers, Specialized Tank Trailers
4) By Flatbed Trailers: Standard Flatbeds, Extendable Flatbeds, Drop Deck Flatbeds
5) By Lowboy Trailers: Fixed Gooseneck Lowboys, Removable Gooseneck Lowboys
6) By Other Trailers: Curtain Side Trailers, Car Carriers, Horse Trailers
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How Are Emerging Trends Reshaping The Dynamics Of The Trailer Market?
The trailer industry is progressively utilizing automation and sensor technology to amplify the efficiency of dump trailers. This innovative automation technology empowers truck operators to instinctively adjust the lift axes of dump trailers, facilitating simpler loading and unloading procedures. The use of sensor technology minimizes the risk of axle overloading and unnecessary tyre wear through the application of smart algorithms. The inclusion of automation and sensor management systems is instrumental in decreasing the operational costs of transportation firms. Leading industry contenders like East Manufacturing Company provide features like auto-deployed lift axles and rear suspension dumps in their trailers.
Who Are the Key Players in the Trailer Market?
Major companies operating in the trailer market include:
• 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
• Ledwell
• Krone Trailer
• Böckmann Fahrzeugwerke GmbH
• Ifor Williams Trailers Ltd.
• Kögel Trailer GmbH & Co. KG
• Dennison Trailers Ltd.
• MANAC INC.
What Is The Most Dominant Region In The Trailer Market?
Asia-Pacific was the largest region in the trailer market of the trailers market in 2024. 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.
