Automotive Trailer Market Size Set to Grow With Exponential Value of US $28,538.5 million by 2023, Says Allied Market Research
Request for Sample Report: https://www.alliedmarketresearch.com/request-sample/1710
In 2016, the dry van & box segment dominated the global automotive trailer market in the trailer type segment, in terms of revenue. Furthermore, based on axle type, three & more than three axle led the global market, followed by tandem axle in 2016. At present, the commercial vehicle segment dominates the market. However, the two-wheeler & bicycle segment is expected to grow at a highest CAGR throughout the forecast period (2017-2023).
According to a recent report published by Allied Market Research, titled, "Global Automotive Trailer Market by Trailer Type, Axle Type, Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global automotive trailer market was valued at $21,895.0 million in 2016, and is projected to reach at $28,538.5 million by 2023, growing at a CAGR of 3.8% from 2017 to 2023.
Request for Customization: https://www.alliedmarketresearch.com/request-for-customization/1710
At present, Asia-Pacific dominates the market, followed by North America. In 2016, China dominated the Asia-Pacific market and Germany led the overall market in Europe. However, in North America, the U.S. currently dominates the market.
The reduction in cost in terms of fuel consumption & emission, and their environment-friendly nature of the automotive trailers make way for the growth of the market. In addition, extra carriage capacity of the automotive trailers also contributes to the market growth. However, high maintenance cost and reduced resale value hampers this stated growth.
Key Findings of the Automotive Trailer Market:
o The commercial vehicle segment generated the highest revenue in the global automotive trailer market in 2016.
o In 2016, three & more than three axle segment was the highest revenue contributor in the axle type segment.
o LAMEA is anticipated to exhibit the highest CAGR during the forecast period.
o In 2016, Asia-Pacific contributed the highest market share, followed by North America, Europe, and LAMEA.
Speak with Our Analysts/Industry Experts: https://www.alliedmarketresearch.com/connect-to-analyst/1710
Global Automotive Trailer Market Expected to Reach $28,538.5 Million by 2023 - Allied Market Research | https://www.prnewswire.com/in/news-releases/global-automotive-trailer-market-expected-to-reach-285385-million-by-2023---allied-market-research-682543791.html
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Trailer Market Size Set to Grow With Exponential Value of US $28,538.5 million by 2023, Says Allied Market Research here
News-ID: 2005897 • Views: 180
More Releases from Allied Market Research
Electric Passenger Car Traction Motor Market Growth 2027 – Key drivers, Busine …
Traction motor produces resistance between two surfaces with or without using electricity. An electric passenger car traction motor is a vital component which is used for extracting electricity from the battery pack. Traction motor is installed in electric passenger vehicles to provide rotation torque for the movement of the car. Furthermore, stringent emission discharge norms and regulations drives the demand for electric passenger car. Moreover, quick expansion of EV charging
Electric Passenger Car Lithium-Ion Battery Management System Market Analysis of …
Electric passenger car has gained a considerable consumer popularity & acceptance in the past few years. Major improvements in the performance of an electric passenger car such as high acceleration rate and long driving range after a single charge have been boosting the demand for electric passenger vehicle. Further, a lithium-ion battery (LIB) is a type of rechargeable battery, which is popularly used in the field of electric passenger vehicles
Electric Bus Door System Market Trending Technologies, Developments, Key Players …
Buses have had a strong place in the transportation industry since the 1830s when the first steam bus was introduced in London. Since the year 1830, buses are considered as the most common mode of public transportation in almost every country across the world. Electric bus door system is an assembly of interconnected mechanisms which utilizes the power of electricity to automatically open the door. Furthermore, the electric bus
Commercial Vehicle & Off-Highway RADAR Market Trends, Segments, Emerging Technol …
Commercial & off-highway vehicles are large and utilized for multiple tasks such as transport of goods, mining, excavation, and others. Due to their large sizes and complicated applications, these vehicles are prone to accidents. Safety concerns increase with a high number of blind spots, thereby propelling the use of RADARs in these vehicles to alert the driver of various threats. In addition, safety & security has become a topmost priority
More Releases for Trailer
Global Trailer Axle Market Growth 2019-2024
This report studies the Trailer Axle market. An axle is a central shaft for a rotating wheel or gear. On wheeled vehicles, the axle may be fixed to the wheels, rotating with them, or fixed to the vehicle, with the wheels rotating around the axle. In the former case, bearings or bushings are provided at the mounting points where the axle is supported. In the latter case, a bearing or bushing
Semi-Trailer Market is expected to reach 39.52 Billion by 2026 from 24.5 Billion in 2016 at CAGR of 4.9 %. Strict environmental regulations and rising fuel prices have increased the demand for advanced trailer technologies. Advancement in technologies is resulted in reduce operating costs, improve fuel efficiency, expand asset connectivity and enhance fleet safety and mobile resource productivity of semi-trailer. Semi-Trailer Market is segmented by semi-trailer type, tonnage type, number of axles,
Properly Towing a Trailer Sydney
Australian roads can cause a stressful situation for any beginner, as well as for an experienced driver of trailer Sydney. Except for carrying the right equipment, it is essential to have basic knowledge and skills to tow a trailer. Dragging a trailer with a vehicle may seem like an easy job. Those who haul a trailer on a daily basis, either for private or business purposes, will say that dragging this
cargo trailer doors locks
Model cargo trailer doors locks YTBS203 Material Q235A steel, ABS Feature Heavy-Duty Bolt Seal Designed with large marking area Color yellow/white/orange/others Imprinting Laser printing or hot stamping Custom ordered Numbering, logo, barcode Standard Packaging Standard Packaging Application Trailer doors/bulk tankers Railcars/toteboxes Fibre drums/storage cabinets Shandong YuTong commercial Co., Ltd. is located in Dezhou city, Shandong province, China. We are manufacturer and exporter in the field of security seal products such as plastic seal, bolt seal, cable seal, meter seal, and other high security seals, widely used in many kinds
BookVenture releases Cinematique Trailer Service
Ishpeming (MI) – With the advance of technology, the book promotion process has become more and more competitive. Gone are the days where readers can be captivated by traditional book promotion techniques. Now authors will need to promote their book in a more creative and modern way. Which is why BookVenture has created the new Cinematique Trailer service. With the Cinematique Trailer service, authors are now given the chance to engage
Global Semi Trailer Market 2017 Sinotruk, Wabash National, Utility Trailer
Global Semi Trailer Market Outlook 2017 Industry Growth, Share, Analysis, Application and Forecast to 2022 Semi Trailer Market Report by Material, Application, and Geography – Global Forecast to 2022 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom,Japan, South Korea and China). In this report, the global Semi