Global Trailer Market Trends And Strategies Of Major Players In The Trailer Market 2021-2030
8 Apr, 2021
The trailers market consists of sales of trailers and related services by entities (organizations, sole traders and partnerships) that manufacture trailers which are used for the transportation of goods and materials. The trailers industry includes establishments that manufacture trailers such as dry vans, refrigerated trailers, tank trailers, flatbed trailers, lowboy trailers and other trailers.
Global Trailer Market Size And Drivers:
The global trailer market is expected to grow from $51.41 billion in 2020 to $53.99 billion in 2021 at a compound annual growth rate (CAGR) of 5%. The market is expected to reach $79.45 billion in 2025 at a CAGR of 10%. The global population is growing and is expected to reach about 10 billion by 2050, indirectly driving the trailers market. Increase in population creates more demand for food, automobiles, infrastructure and transportation.
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Trends In The Global Trailer Market
Automation and sensor technology are increasingly being used in the trailers industry to increase the efficiencies of dump trailers. The automation technology allows truck drivers to automatically raise and lower the lift axes of dump trailers for easy loading and unloading processes. The sensor technology reduces the chances of overloading the trailer fixed axles and compromising tire wear by using intelligent algorithms. The automation and sensors control systems play a vital role in reducing operational costs for transportation companies.
Global Trailer Market Segments:
The global trailer market is further segmented based on type, end use and geography.
By Type: Dry Vans, Refrigerated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers.
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.
By Geography: The global trailer market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global trailer market, accounting for 37% of the total market.
Read More On The Report For The Global Trailer Market At:https://www.thebusinessresearchcompany.com/report/trailer-global-market-report-2020-30-covid-19-impact-and-recovery
Trailer Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides trailer market overviews, analyzes and forecasts market size and growth for the global trailer market, trailer market share, trailer market players, trailer market segments and geographies, trailer market’s leading competitors’ revenues, profiles and market shares. The trailer market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.