Intelligent Trailer Market : Size, Share & Growth Analysis by Type, Tonnage, and Foot Length (2023-2032)

A trailer is a non-powered vehicle that is being towed by a powered vehicle. It is commonly used for the transport of goods and materials. Intelligent trailer is an advanced technology that has various features such as GPS tracking, anti-theft, record trailer health, and others. The intelligent trailer has several customizable options to improve operational safety, while lowering transportation and fuel costs. Moreover, the trailer manufacturer, fleet operators, and cargo owners can select the functions relevant to their needs. The three key elements required for the intelligent trailer to work efficiently are, first the solution such as location, door movement, and environmental measures that must to be included in the device; second, there should be a secure communication channel that protects the asset data; and third, the solution needs to be analyzed & transformed into an informative report to allow fleet managers to make the right decisions. Furthermore, the driver may obtain real- time information about the trailer while on the road by utilizing a smartphone application.

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COVID-19 Impact Analysis:

Government in all the countries-imposed a lockdown and various other restrictions because of the COVID 19 pandemic. All the construction and mining activities therefore were halted during the lockdown affecting the demand for transportation of goods and equipment. There was no need for transportation the demand for intelligent trailers also declined. Moreover, due to lockdown, the manufacturing of intelligent trailers was halted. Furthermore, the production of intelligent trailers uses various sensors and skilled labor for software development both of which were unavailable further delaying the operation. Intelligent trailer is developing sector that was severely impacted due to pandemic but is expected to recover with rise in demand for transportation post-pandemic.

Top Impacting Factors

Rise in goods transportation via roadways, increase in demand for safety of goods, and surge in demand for advanced technology drive the market growth
High maintenance cost and high initial cost hinder the growth of the market.
Rise in demand for freight tracking, surge in demand for fuel efficient vehicles, and increase in R&D towards intelligent trailer act as an opportunity for market growth.

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Market Trends

Rise in Demand for Safety of Goods

To increase the safety intelligent trailer provides real-time information about fleet location and whether a cargo door has been opened or closed thus, the fleets can assure customers that their cargo is safe and secure. Moreover, the combination of location tracking and door information can help fleet managers respond quickly to theft events and can be used to build a custom alerting system to help support incident detection, while geofencing capabilities can allow trucking companies to build 'virtual fences' around high-risk areas. Furthermore, for sensitive goods and perishable products such as food, trailer tracking solutions allow fleets to monitor their cargo in near real-time, tracking everything from temperature, humidity, and trailer door status to cargo load state. Therefore, the demand for safety is expected to drive the growth of the intelligent trailer market.

Key Benefits of the Report:

This study presents the analytical depiction of the intelligent trailer market along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with challenges of the Intelligent Trailer Market.

The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the Intelligent Trailer Market.

The report provides detailed Intelligent Trailer Market analysis based on competitive intensity and the competition that will take shape in coming years.

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Questions Answered in the Intelligent Trailer Market Research Report:

Who are the leading market players active in the Intelligent Trailer Market?

What would be the detailed impact of COVID-19 on the market?

What are the current trends that would influence the market in the next few years?

What are the driving factors, restraints, and opportunities in the Intelligent Trailer Market?

What are the future projections that would help in taking further strategic steps?

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