Trailers Market Overview, Key Players, Industry Share, Demand, Size, Growth Factor, Trends And Forecast To 2022

Trailers Market - By Type Of Product (Trailers , Dump Trailers , Tank Trailers , Flatbed Trailers , And Other Trailers),Growth Rate By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global trailers market reached a value of nearly $56.9 billion in 2018, grown at 6.8% since 2014. Growth in the historic period resulted from rapid urbanization in emerging economies increasing the demand for goods transportation, economic growth in emerging countries, and increased global demand for food transportation. Factors that negatively affected growth in the historic period were increased price and regulatory pressures from governments.

The Key drivers of the trailers market include:-
Rapid urbanization, especially in developing countries, has increased the demand for transportation, driving the trailers market. Countries in the Sub-Saharan Africa, and East Asia and Pacific region saw the highest growth in urban population in the historic period. China’s urban population, for instance, increased by almost 12% from 2012 to 2016, while India’s urban population grew by 10% during the same period. Greater urbanization increased the demand for mobility that contributed to the demand for flatbed and automobile trailers to mass transport automobiles such as cars and motorbikes.

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Trailers Market Segmentation:-
By Type Of Trailer
1. Enclosed Trailers
2. Dump Trailers
3. Tank Trailers
4. Flatbed Trailers
5. Other Trailers

The enclosed trailers market was the largest segment of the trailers market, accounting for 60.5% of the total in 2018. It was followed by other trailers, dump trailers, tank trailers and flatbed trailers. Going forward, the enclosed trailers segment is expected to be the fastest growing segment in the trailers market.

By End-User
1. Paper And Paper Products
2. Pharma Drugs
3. Textile Products
4. Food and groceries
5. Agriculture And Farm Products
6. Chemicals
7. Petroleum And Petroleum Products
8. Motor Vehicle And Motor Vehicle Parts
9. Metal And Minerals
10. Commercial Machinery
11. Other Products

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By Geography - The trailers market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the trailers market are
1. China International Marine Containers (Group) Ltd.
2. Schmitz Cargobull AG
3. Bernard Krone Holding SE & Co. KG
4. Wabash National Corporation
5. Utility Trailer Manufacturing Company

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