Press release
Emerging Trailer Market Trends: Revolutionizing Efficiency Automation And Sensor Technology In The Trailer Industry Shaping the Future of the Industry
Trailer
How Large Will the Trailer Market Size By 2025?
The size of the trailer market has seen significant expansion in the past few years. From $63.65 billion in 2024, it is anticipated to escalate to $69.8 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.7%. The expansion during the historic era can be reasoned as the upturn in freight transportation, industrial and manufacturing development, advancement in infrastructure, enlargement of global trade, as well as better integration of supply chains.
How Big Is the Trailer Market Size Expected to Grow by 2029?
The value of the trailer market is predicted to surge in the upcoming years, reaching $96.48 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 8.4%. Eco-friendly trailers, self-driving and connected trailers, enhanced safety features, collision avoidance technology, use of alternative fuels and the growing trend of autonomous trucking are key factors propelling this growth in the projected period. Ongoing market trends include incorporating advanced connectivity and telematics, using lightweight materials, creating specialized, aerodynamic designs and developing refrigerated trailers and intelligent trailer systems that can be customized for specific applications.
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Which Key Market Drivers Powering Trailer Market Expansion and Growth?
Global demographic growth, projected to hit around 10 billion by 2050, indirectly propels the trailer market. A surge in the population leads to amplified demand for essentials such as food, cars, infrastructure, and transport. The American Trucking Association, the national trade union for the US trucking industry, reports that trucks transport approximately 71% of America's freight, a statistic boosted by the country's population increase. An escalating population is anticipated to be the crucial driver in heightening transport demand in countries like India, Brazil, and nations across Africa during the projected period. In the same period, the market's companies anticipate a surge in trailer demand from producers of goods including food, cars, clothing, and various consumer goods.
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Which Fast-Growing Trends Are Poised to Disrupt the Trailer Market?
The trailer industry is seeing an upsurge in the use of automation and sensor technology, which enhances the effectiveness of dump trailers. Truck drivers can now use automation technology to effortlessly adjust the lift axes of dump trailers for loading and unloading operations. With the help of smart algorithms, sensor technology mitigates the risk of overloading the trailer with fixed axles, therefore preventing tyre deterioration. These automation and sensor control systems are vital in lowering operational expenses for transport companies. Leading industry participants such as East Manufacturing Company are providing trailers with automatically deployed lift axles and rear suspension dumps.
What Are the Emerging Segments in the Trailer Market?
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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Trailer Industry?
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.
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