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Surge In Freight Transportation Fuels Expansion Of Modular Trailer Market: A Significant Driver Propelling The Modular Trailer Market In 2025
Modular Trailer
What Is the Modular Trailer Market Size and Projected Growth Rate?
The modular trailer market size has increased steadily in recent years. It will grow from $7.76 billion in 2024 to $8.22 billion in 2025 at a CAGR of 5.9%. The historic growth is attributed to favorable regulatory frameworks, government incentives, enhanced charging infrastructure, and reduced operational costs.
The modular trailer market is expected to see strong growth, projected to reach $10.23 billion by 2029, with a CAGR of 5.6%. The growth drivers include increasing demand for freight transportation, urbanization, infrastructure expansion, growing construction and mining industries, and demand for sustainable transportation. Key trends include accelerated electrification efforts, urban logistics growth, charging infrastructure expansion, and improvements in vehicle efficiency and performance.
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What Are the Major Segments in the Modular Trailer Market?
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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What Are The Driving Modular Trailer Market Evolution?
A rise in freight transportation is expected to propel the growth of the modular trailer market. The growth of global trade and e-commerce is increasing the need for efficient transportation of goods. Modular trailers are used in freight transport to facilitate the movement of goods across various transportation modes, including road and rail. For example, Eurostat reported a 6.5% increase in European road freight transport in 2021, with international transport also seeing growth. The rise in freight transportation is expected to continue driving the demand for modular trailers.
Which Firms Dominate The Modular Trailer Market Segments?
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
What Trends Are Expected to Dominate the Modular Trailer Market in the Next 5 Years?
Major players in the modular trailer market are launching customizable trailer designs to accommodate varied transport needs. In July 2022, Belgium-based Faymonville Group launched the ModulMAX AP-M Modular Trailer, which combines support and propulsion modes, is operable at speeds up to 40 km/h, and is compatible with existing trailer equipment.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Modular Trailer Market?
2. What is the CAGR expected in the Modular Trailer Market?
3. What Are the Key Innovations Transforming the Modular Trailer Industry?
4. Which Region Is Leading the Modular Trailer Market?
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