Automotive Trailer Market to Witness Growth Acceleration by Top Key Players 2021-2030

The Global Automotive Trailer Market size valued to USD 24.72 billion in 2019, is predicted to reach USD 35.10 billion by 2030, with a CAGR of 3.2% from 2020-2030.

Automotive Trailers are fundamentally unpowered vehicles towed by powered vehicles and driven by a hitch. These trailers hold wide applications in transportation of goods & commodities, as well as in cargo transfers either nationally or internationally. These drawbar trailers are also utilized as recreational vehicles, travel trailers, or mobile homes with limited living facilities.

Access Full Description of this report at:–

https://www.nextmsc.com/report/automotive-trailer-market

Top Companies: China International Marine Containers Co., Ltd, Dennison Trailers Ltd., Schmitz Cargobull Aktiengesellschaft, Humbaur GmbH, Wabash National Corporation, Böckmann Fahrzeugwerke GmbH and others.

Market Dynamics and Trends

The automotive trailer market is observing a substantial growth over the period due to rapidly growing transportation and logistics industry. Besides, advancements in infrastructures, increase in re-creational activities, as well as traction in the global trade, are supplementing the market growth.

Furthermore, benefits offered by the automotive trailers such as lower fuel consumptions, lower emissions of GHG gases, large cargo carrying capacity, as well as their eco-friendly modulations are expected to propel the growth of automotive trailer market throughout the forecast period.

However, lower re-sale values of these trailers and high maintenance cost especially with suspensions, are anticipated to hamper the growth automotive trailer market during the forecast period.

Moreover, increase in per-capita income at global level, advancements in product technologies, plus strategic collaborations and cutting-edge product launches by the market players are paving the way for several lucrative opportunities in the global automotive trailer market in coming future.

Request sample copy of this report at:-

https://www.nextmsc.com/automotive-trailer-market/request-sample

Market Segmentations and Scope of the Study:

The global automotive trailer market share is analysis is based on trailer type, axle type, vehicle type, and geography.

Based on trailer type, the market is segmented into Dry Van & Box, Refrigerator, Chemical & Liquid, Tipper, Flatbed, and Others. Based on axle type, the market is fragmented into Single Axle, Tandem Axle, and Three or More Than Three Axle. Based on vehicle type, the market is divided into Two-wheeler & Bike, Passenger Car, and Commercial Vehicle. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to account for the highest market share, dominating the global automotive trailer market throughout the forecast period. This is attributed to factors such as presence of key market players, increase in global trade, technological advancements and increase in R&D activities regarding product technologies.

Asia Pacific is expected to gain traction over the forecast period owing to lower cost of trailers and rapid industrialization. Furthermore, increase in recreational activities, growing support by government authorities, and increase in disposable income is likely augment the growth of automotive trailer market in this region.

Contact:
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

This release was published on openPR.