Press release
A Deep Dive into Trailer Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Trailer Market Share
The worldwide population is on the rise, with projections estimating approximately 10 billion people by 2050. This growth indirectly propels the trailer market. The rise in population stimulates increased needs for essentials, such as food and vehicles, as well as infrastructure and transportation. Based on data from the American Trucking Association-the national commerce association for the US trucking industry-around 71% of the country's freight is transported by trucks, a rate directly tied to the country's population growth. The surge in numbers is anticipated to be the primary contributor to climbing transportation demands in countries like India, Brazil, and nations in Africa in the forecast period. Market companies are expected to witness an increased demand for truck trailers from manufacturers of various goods such as food, vehicles, clothes, and other consumer goods in the forecast period.
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What growth opportunities are expected to drive the trailer market's CAGR through 2034?
Rapid expansion has been witnessed in the trailer market size over the past few years. The market is projected to escalate from $63.65 billion in 2024, reaching $69.8 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. The notable growth during the historic period is primarily due to the rise in freight transportation, industrial and manufacturing development, infrastructure advancement, expansion of global trade and integration of the supply chain.
The projected size of the trailer market is set to experience significant expansion in the coming years. It is anticipated to reach a valuation of $96.48 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.4%. Factors driving this growth during the predicted period include the development of environmentally-friendly trailers, autonomous and connected trailers, safety and collision prevention features, use of alternative fuels, and the emergence of autonomous trucking and advanced aerodynamics. Throughout this forecast period, key trends will consist of integration with telematics and connectivity, the incorporation of lightweight materials, the development of refrigerated trailers, the application of smart trailer technologies, aerodynamic engineering, and customization for specific uses.
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What are the emerging trends shaping the future of the trailer market?
The deployment of automation and sensor technology is on the rise in the trailer industry, primarily to boost the effectiveness of dump trailers. This technological advancement enables truck operators to autonomously manage the elevating and descending actions of the dump trailers' lift axes, simplifying the processes of loading and unloading. The sensor technology significantly lessens the risk of overloading trailers with fixed axles, thereby avoiding excessive tyre wear through the utilization of smart algorithms. These automation and sensor control systems are proving pivotal in decreasing operating expenses for transport firms. Prominent industry entities, such as East Manufacturing Company, are introducing trailers equipped with automatically-deployed lift axles and rear suspension dumps.
Which growth-oriented segments of the trailer market are leading the industry's development?
The trailer market covered in this report is segmented -
1) By Type: Dry Vans, Refrigerated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers
2) By Axle Type: Single Axle, Tandem Axle, Three Or More Than Three Axle
3) 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
Subsegments:
1) By Dry Vans: Standard Dry Vans, High Cube Dry Vans
2) By Refrigerated Trailers: Single Temperature Refrigerated Trailers, Multi-Temperature Refrigerated Trailers
3) By Tank Trailers: Liquid Tank Trailers, Gas Tank Trailers, Specialized Tank Trailers
4) By Flatbed Trailers: Standard Flatbeds, Extendable Flatbeds, Drop Deck Flatbeds
5) By Lowboy Trailers: Fixed Gooseneck Lowboys, Removable Gooseneck Lowboys
6) By Other Trailers: Curtain Side Trailers, Car Carriers, Horse Trailers
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What regions are leading the charge in the trailer market?
Asia-Pacific was the largest region in the trailer market of the trailers market in 2024. North America was the second-largest region of the trailer market. The regions covered in the 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 trailer market?
Major companies operating in the trailer market include SAIC Hongyan Automotive Co. Ltd., Daimler Truck AG, Doggett Equipment Services Ltd., China International Marine Containers (Group) Ltd., Bernard Krone Holding SE & Co. KG, Wabash National Corporation, MAN SE, Miller Industries Inc., EnTrans International LLC, Schmitz Cargobull AG, Mac Trailer Manufacturing Inc., Heil Trailer International Co., Landoll Corporation, Trail King Industries Inc., Pitts Trailers, Doepker Industries Limited, Humbaur GmbH, Fontaine Trailer Company, East Manufacturing Company, Travis Body & Trailer Inc., Towmaster Trailers, Utility Trailer Manufacturing Company, Felling Trailers, Ledwell, Krone Trailer, Böckmann Fahrzeugwerke GmbH, Ifor Williams Trailers Ltd., Kögel Trailer GmbH & Co. KG, Dennison Trailers Ltd., MANAC INC.
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What Is Covered In The Trailer Global Market Report?
•Market Size Forecast: Examine the trailer market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the trailer market for a structured understanding.
•Key Players Overview: Analyze major players in the trailer market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the trailer market.
•Segment Contributions: Evaluate how different segments drive overall growth in the trailer market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the trailer market.
•Industry Challenges: Identify potential risks and obstacles affecting the trailer market.
•Competitive Landscape: Review strategic developments in the trailer market, including expansions, agreements, and new product launches.
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