Press release
Automotive Trailer Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Automotive Trailer Market Size
The growth of the automotive trailers market is poised to be fueled by the burgeoning logistics industry. The latter entails the organization, enactment, and regulation of transport of commodities and services from source to user. A significant component of the logistics sector, automotive trailers, are widely utilized for the shipment of machinery, consumer goods, cargo, and the like. As per the US Department of Transportation, a governmental entity based in the US, there was a 10.6% rise in North American cross-border freights in January 2023 compared to the same month in 2022. The worth of truck freight escalated to $77.7 billion, marking a surge of 12.7% relative to 2022. Consequently, the burgeoning logistics industry is stoking the advancement of the automotive trailers market.
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What growth opportunities are expected to drive the automotive trailer market's CAGR through 2034?
Over the past few years, the market size of the automotive trailer has been increasing steadily. The market, which is set to rise from $24.41 billion in 2024 to $25.46 billion in 2025, will experience a compound annual growth rate (CAGR) of 4.3%. Factors such as economic growth, expansion of global trade, regulatory compliance, consumer tastes, infrastructure development, and fuel prices have contributed to this growth during the historic period.
The automobile trailer industry is anticipated to witness robust expansion in the coming years, increasing to $30.97 billion in 2029 with a compound annual growth rate (CAGR) of 5.0%. The development in the forecast era can be credited to factors such as autonomous vehicles, environmental regulations, data analytics and connectivity, urbanization trends, and supply chain resilience. Key trends during the forecast period encompass technological advancements, sustainability efforts, safety innovations, customization and lightweight materials, as well as the influence of the e-commerce surge.
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What are the emerging trends shaping the future of the automotive trailer market?
Ingenuity in product development is a rapidly rising trend in the automotive trailers market. Numerous key players in the field are focusing on creating unique products as a strategy to maintain their market standing. For instance, Lightship RV, a company based in the US known for its recreational vehicles, unveiled its first-ever aerodynamic, all-electic travel trailer, dubbed the Lightship L1, in March 2023. The L1 is thrice as aerodynamic as a standard trailer and is equipped with a proprietary power system design that seamlessly merges an automotive electric vehicle battery and powertrain with a home-scale solar system. Through the collection and storage of renewable solar energy, the L1 has the ability to maneuver itself so that the vehicle pulling it experiences negligible range or MPG loss, and can supply power to several all-electric appliances within the vehicle.
Which growth-oriented segments of the automotive trailer market are leading the industry's development?
The automotive trailer market covered in this report is segmented -
1) By Vehicle Type: Two-wheeler And Bike, Passenger Car, Commercial Vehicle
2) By Axle Type: Single Axle, Tandem Axle, Three Or More Than Three Axle
3) By Trailer Type: Dry Van And Box, Refrigerator, Chemical And Liquid, Tipper, Flatbed, Other Types
4) By Application: Automotive, Transportation, Logistics, Other Applications
Subsegments:
1) By Two-Wheeler And Bike: Motorcycle Trailers, Scooter Trailers
2) By Passenger Car: Car Tow Trailers, Car Camping Trailers
3) By Commercial Vehicle: Heavy-Duty Trailers, Light-Duty Trailers, Flatbed Trailers, Enclosed Trailers
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What regions are leading the charge in the automotive trailer market?
North America was the largest region in the automotive trailers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the automotive trailer market report during the forecast period. The regions covered in the automotive trailer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the automotive trailer market?
Major companies operating in the automotive trailer market include Bockmann Fahrzeugwerke GmbH, Dennison Trailers Ltd., Humbaur GmbH, Great Dane Trailers Inc., Ifor Williams Trailers Ltd., Wabash National Corp., Utility Trailer Manufacturing Co., Schmitz Cargobull, Fontaine Commercial Trailer Inc., Load Rite Trailers Inc., East Manufacturing Company, Felling trailers Inc., MAC Trailer Enterprises Inc., Fruehauf Trailer Corporation, Deopker Industries Limited, Manac Trailers Inc., Heil Trailer International LLC, Stoughton Trailers, Wilson Trailer Company, Vanguard National Trailer Corporation, Trail King Industries, Pitts Trailers, Reitnouer Inc., Hyundai Translead, Kentucky Trailer, Strick Trailer, Travis Body & Trailer Inc., Doonan Specialized Trailer LLC, Dorsey Trailer, Talbert Manufacturing, Western Trailer, M.H. Eby Inc., Featherlite Trailers, Felling Trailers, Transcraft Corporation, Timpte Inc., XL Specialized Trailers, Kaufman Trailers, Haulmark Industries
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What Is Covered In The Automotive Trailer Global Market Report?
• Market Size Forecast: Examine the automotive trailer market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive trailer market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive trailer market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive trailer market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive trailer market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive trailer market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive trailer market.
• Competitive Landscape: Review strategic developments in the automotive trailer market, including expansions, agreements, and new product launches.
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