Press release
Global Modular Trailer Market to Reach $10.23 Billion by 2029, Growing at 5.6% CAGR
Modular Trailer
Increasing freight transportation activity is expected to stimulate the modular trailer market. Freight transport is on the rise, driven by global trade and e-commerce, which increases the need for goods transportation. Modular trailers are adaptable for use across various transport modes, ensuring efficient movement of goods. In July 2023, Eurostat reported a 6.5% increase in European road freight transport in 2021, with international transport growing by 1.0% in 2022. This growth in freight transportation is likely to continue driving demand for modular trailers.
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How will the growth rate of the modular trailer market shape industry trends by 2034?
The modular trailer market has grown strongly, rising from $7.76 billion in 2024 to $8.22 billion in 2025 at a CAGR of 5.9%. Growth is attributed to government regulations, incentives and subsidies, improvements in charging infrastructure, and lower operating costs.
The modular trailer market will reach $10.23 billion in 2029 at a CAGR of 5.6%, fueled by rising urbanization, infrastructure development, and freight transportation demand. Trends include electrification, urban logistics growth, charging infrastructure expansion, and improved vehicle efficiency.
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What trends are poised to drive the future success of the modular trailer market?
Companies in the modular trailer market are focusing on creating advanced, modular designs that can be connected and configured based on specific load requirements. Modular trailers are designed with interchangeable units that offer flexibility, scalability, and efficiency for transporting oversized loads. For example, in July 2022, Faymonville Group, a Belgium-based trailer manufacturer, launched the ModulMAX AP-M Modular Trailer. This innovative trailer can be operated in both assist mode and self-propelled mode, offering seamless interoperability with other trailer brands and common equipment.
Which primary segments of the modular trailer market are driving growth and industry transformations?
The modular trailer market covered in this report is segmented -
1) By Type: Multi-Axle, Telescopic Or Extendable, Lowboy Trailer
2) By Axles: 2 Axles, Greater-than (>) 2 Axles
3) By Application: Construction And Infrastructure, Mining, Wind And Energy, Heavy Engineering
Subsegments:
1) By Multi-Axle: 2-Axle Modular Trailers, 3-Axle Modular Trailers, 4-Axle Modular Trailers, 5-Axle Modular Trailers, 6-Axle Modular Trailers, Heavy-Duty Multi-Axle Trailers, Modular Trailers With Steering Axles, Self-Propelled Modular Trailers (SPMT)
2) By Telescopic Or Extendable: Hydraulic Extendable Trailers, Mechanically Extendable Trailers, Telescopic Flatbed Trailers, Telescopic Lowboy Trailers, Extendable Multi-Axle Trailers, Long Load Carrying Extendable Trailers, Extendable Platform Trailers, Extendable Modular Trailers For Over-Dimensional Cargo
3) By Lowboy Trailer: Standard Lowboy Trailers, Hydraulic Lowboy Trailers, Dual-Lowboy Trailers, Removable Gooseneck Lowboy Trailers, Fixed Gooseneck Lowboy Trailers, Tri-Axle Lowboy Trailers, Quad-Axle Lowboy Trailers, Extendable Lowboy Trailers, Heavy-Duty Lowboy Trailers For Large Equipment, Specialized Lowboy Trailers For Construction And Mining
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Which regions are key players in the growth of the modular trailer market?
North America was the largest region in the modular trailer market in 2024. The regions covered in the modular trailer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the modular trailer market landscape?
Major companies operating in the modular trailer market are Dorsey Trailer, MAC Trailer, Maxitrans Industries Limited, Manac Inc., Goldhofer AG, Trail King Industries, Fontaine Heavy-Haul, XL Specialized Trailers, Faymonville, Broshuis B.V., Reitnouer Inc., Talbert Manufacturing, Cometto S.p.A., Kalyn Siebert, Nicolas Industrie, Load King LLC, Scheuerle Fahrzeugfabrik GmbH, Transcraft Corporation, Witzco Challenger Trailers Inc., Nooteboom Trailers B.V., Kässbohrer Fahrzeugwerke GmbH, Rogers Brothers Corporation, TII Group, Concordia, Doonan Specialized Trailers LLC
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What Is Covered In The Modular Trailer Global Market Report?
•Market Size Forecast: Examine the modular trailer market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the modular trailer market for a structured understanding.
•Key Players Overview: Analyze major players in the modular trailer market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the modular trailer market.
•Segment Contributions: Evaluate how different segments drive overall growth in the modular trailer market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the modular trailer market.
•Industry Challenges: Identify potential risks and obstacles affecting the modular trailer market.
•Competitive Landscape: Review strategic developments in the modular trailer market, including expansions, agreements, and new product launches.
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