Trailer Market Characteristics
The truck trailer manufacturing market consists of sales of truck trailers by entities (organizations, sole traders and partnerships) that produce truck trailers, truck trailer chassis, cargo container chassis, detachable trailer bodies, and detachable trailer chassis for sale separately.
Competitive Landscape of the Trailer Market
Major players in the global trailer market include Green Dane Limited Partnership, Utility Trailer Manufacturing Co., Vanguard national trailer Corp., Fontaine Trailer Company, Wabash
Trailer Market Size
The trailer market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the trailer market is due to increased need for leisure activities and growing per capita income.
However, the market for trailer is expected to face certain restraints from several factors such as weak wage growth in developed economies, inconsistency in service delivery, automation affecting small and medium firm.
Trailer Market Segmentation
The global trailer market is further segmented based on type and geography.
By Type - The global trailer market is further segmented as enclosed trailers, dump trailers, tank trailers, flatbed trailers, and other trailers.
By Geography - The global trailer is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific trailer market accounts the largest share in the global trailer market.
Trends in the Trailer Market
Usage of fibre laser in manufacturing of truck trailer is the major trends witnessed in the global trailer market.
Potential Opportunities in the Trailer Market
With emerging markets growth, technology development, the scope and potential for the global trailer market is expected to significantly rise in the forecast period.