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Trailer Industry to See Robust Expansion, Valued at $89.21 Billion by 2029
Trailer
What Is the Projected CAGR for the Trailer Market from 2024 to 2025?
There has been robust growth in the trailer market size in the past few years. It is projected to rise from a worth of $60.11 billion in 2024 to $64.61 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.5%. Growth factors throughout the historic period include an increase in freight transportation, manufacturing and industrial growth, infrastructure development, the expansion of global trade, and supply chain integration.
What are the Expected Market Size and CAGR for Trailer by 2029?
The size of the trailer market is predicted to experience robust growth in the upcoming years, reaching $89.21 billion in 2029 with a compound annual growth rate (CAGR) of 8.4%. Factors contributing to growth in the forecast period can be traced back to the rise of eco-friendly trailers, self-driving and connected trailers, safety measures and collision prevention, alternative fuel sources, and the emergence of autonomous trucking and advanced aerodynamics. Noteworthy trends predicted to shape this period include the incorporation of telematics and advanced connectivity, the use of lighter materials, the growing prevalence of refrigerated trailers, intelligent trailer technologies, aerodynamic designs, and customization for more specific applications.
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Which Factors Are Driving the Global Trailer Market Expansion?
As the worldwide population is projected to hit around 10 billion by 2050, the trailer market effectively gets a boost. A rise in global inhabitants fuels demands for food, vehicles, infrastructure, and transport. The American Trucking Association explains that trucks are responsible for transporting approximately 71% of the national freight, an activity influenced by population growth. Population growth is anticipated to be a significant contributor to augmenting demand for transport in countries like India, Brazil, and African nations during the forecast period. Market companies are likely to observe an increased demand for truck trailers from manufacturers of commodities such as food, automobiles, clothing, and other consumer goods during the forecast period.
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Which Segment Currently Holds the Largest Share of 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
Which Major Trends Are Shaping the Future of the Trailer Industry?
The trailer industry is progressively embracing automation and sensor technologies to boost the performance of dump trailers. This automation technology equips truck drivers with the capability to raise and lower the lift axles of dump trailers automatically, simplifying the loading and unloading procedures. By employing smart algorithms, the sensor technology minimizes the likelihood of overloading fixed-axle trailers, thereby preventing potential tyre wear. These automation and sensor control technologies significantly contribute to cutting down on operational expenditures for transportation businesses. Top industry entities including East Manufacturing Company have begun supplying trailers fitted with automatically deployable lift axles and rear suspension dumps.
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Which Key Players Dominate the Trailer Industry Globally?
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.
What Are the Fastest-Growing Regions 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.
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Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
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