Press release
Trailer Market 2023 - Size. Share, Segments, Data, Growth, And Forecast
Trailer Market
The Business Research Company's Trailer Global Market Report 2023 identifies global population is growing and is expected to reach about 10 billion by 2050, indirectly driving the trailer market. An increase in the population creates more demand for food, automobiles, infrastructure, and transportation.
The global trailer market size grew from $52.61 billion in 2022 to $58.28 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The trailer market is expected to grow to $85.65 billion in 2027 at a CAGR of 10.1%.
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Major competitors in the trailer market are China International Marine Containers (Group) Ltd., Schmitz Cargobull AG, Bernard Krone Holding SE & Co. KG, Wabash National Corporation, Utility Trailer Manufacturing Company, EnTrans International LLC, Leslie Doggett Industries, Humbaur GmbH, and Mac Trailer Manufacturing Inc.
Automation and sensor technology are increasingly being used in the trailer 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 with fixed axles and compromising tyre wear by using intelligent algorithms. Automation and sensor control systems play a vital role in reducing operational costs for transportation companies.
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The trailer market is segmented -
• By Type: Dry Vans, Refrigerated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers
• By Axle Type: Single Axle, Tandem Axle, Three or More Than Three Axle
• 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: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the trailer market.
The Business Research Company's "Global Trailer Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Trailer Market Include:
1. Trailer Market Executive Summary
2. Trailer Market Segments
3. Trailer Market Size And Trailer Market Growth Rate
4. Key Trailer Market Trends
5. Major Trailer Market Drivers
……
25. Key Mergers And Acquisitions In The Trailer Market
26. Top Trailer Companies
27. Trailer Market Opportunities And Strategies
28. Trailer Market, Conclusions And Recommendations
29. Appendix
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