Global SPMT Market Surges as Construction, Shipbuilding, and Oil & Gas Sectors Demand Flexible Load Handling Solutions

Self-propelled Modular Trailer( SPMT ) Market Size

The global market for Self-propelled Modular Trailer( SPMT ) was valued at US$ 526 million in the year 2024 and is projected to reach a revised size of US$ 703 million by 2031, growing at a CAGR of 4.3% during the forecast period.

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A self-propelled modular transporter or sometimes self-propelled modular trailer (SPMT) is a platform vehicle with a large array of wheels. SPMTs are used for transporting massive objects such as large bridge sections, oil refining equipment, cranes, motors, spacecraft and other objects that are too big or heavy for trucks.

Global Self-Propelled Modular Transporter key players include TII Group, Goldhofer, Faymonville, CHINA HEAVY LIFT, DaFang Special Vehicle, etc. Global top five manufacturers hold a share over 60%. Asia-Pacific is the largest market, with a share over 45%, followed by Europe and North America, both have a share over 20 percent. In terms of product, 4-axle SPMT is the largest segment, with a share over 50%. And in terms of application, the largest application is Construction, followed by Shipyard and Offshore Industry, Oil Industries.

By Type
• Mechanical Steering
• Electronic Steering

By Application
• Construction
• Oil Industries
• Shipyard and Offshore Industry

Key Companies
TII Group, Goldhofer, Faymonville, Enerpac, China Heavy Lift, Suzhou Dafang Special Vehicle Co.,Ltd., Zhengzhou New Dafang Heavy Industry, Cometto, ANSTER, TIANJIE Heavy, GO HEAVY TRAILER, Italcarrelli, Xian Hyzer Import and Export Co., Ltd

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This release was published on openPR.