Automotive Trailer Market: Making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

Automotive Trailer Market: Making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

Introduction

Trailers form a category of unpowered vehicles that are driven and pulled by powered vehicles and are popularly used in the transportation of goods and materials. These vehicles are towed by appropriate hitches and can be trailed by car, trucks, traction engine, or even utility vehicles such as SUV. Some of the common use of automotive trailers are for transporting a wide variety of things, including fishing boats, heavy cargo, mobile homes, and bicycles. Trailers are also used for the temporary housing of offices, dining facilities, and the storage of a variety of building and construction materials.

The popularity of automotive trailers has received a marked boost from the rising use of these trailers to act as recreational vehicles and mobile homes. These vehicles find usage in commercial vehicles, passenger cars, and two wheelers. The market is also witnessing the emergence of specialized trailers and custom-built ones, such as those built for mobile kitchen. Some of the key trailer types are box trailers, open car, dry van, flatbed, and trippers.

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Global Automotive Trailer Market: Trends and Opportunities

The substantially rising demand for trailers in the end-use industries such as manufacturing, construction, and transport is a key factor driving the market. The burgeoning usage of automotive trailers for transportation of cargo in various parts of the globe is a noteworthy trend. The rising popularity of recreation vehicles in developing and developed regions is also bolstering the demand for trailers. Developed regions such as North America and Europe characterize vast disposal incomes and hence provide a robust end-user base for automotive trailers. The rapid stride made by building and construction activities in various developing and developed countries is providing a strong impetus to the demand for trailers. This has also swelled the size of fleets and their numbers. The advent of quality trailers and custom-made trailers for specialized applications is likely to support the rapid expansion of the market.

The protracted procurement process of automotive trailers and the limited commercialization of these in several countries are acting as key impediments to the growth of the market. Original equipment manufacturers and component providers for automotive trailers are entering into collaborations, in a move to tap lucrative avenues in emerging markets. Recent industry efforts to bring advancement in design augurs well for the global automotive trailer market.

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Global Automotive Trailer Market: Regional Outlook

On a regional front, North America is prognosticated to hold a sizeable share of the market. On the other hand, the Asia Pacific market is anticipated to rise at a prominent pace over the assessment period. The growth is fueled by the burgeoning regional transportation of goods and development in road infrastructure and the growing number of relevant regional treaties boosting cargo transportation. The rising volume of heavy commercial vehicles (HCV) is also behind the growing uptake of automotive trailers in the region.

Companies mentioned in the report

The study presents a comprehensive and critical assessment of the profile of various players operating in the market. It also offers incisive insights into current and emerging competitive landscape. Some of prominent players eying a marked share of the automotive trailer market are HYUNDAI Translead, Inc., Dennison Trailers Ltd, Ifor Williams Trailers Ltd, Wabash National Corporation, Big Tex Trailers, Humbaur GmbH, Miller Industries Inc., and MAXXD Trailers.