Global Truck Trailers Market by Product Types, Axles, Sizes, Material of Construction and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global truck trailers market was valued at USD 57 billion in 2019 and is projected to reach over USD 87 billion by 2026, expanding at a CAGR of more than 92% during the forecast period, 2020–2026. The growth of the market is attributed to the rising rising application across various industries worldwide.
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Truck Trailers are non-car cargo vehicles that are to be drawn by engine trucks. The truck trailer producing industry involves foundations principally occupied with assembling truck trailers, truck trailer frame, payload compartment undercarriage, separable trailer bodies, and separable trailer body available to be purchased independently.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising demands for fresh and healthier products is driving the growth of the market.
- Growing disposable income of working age population is a favorable factor driving the market growth.
- Rising emission regulations and safety is acting as a restraint for the growth of the market.
- Increasing availability of alternative modes such as airways and waterways is a restraint in the market growth.
- The unexplored markets of emerging economies and the use of latest technologies are opportunities for the growth of the market.
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Competitive Landscape:
Some of the other key players operating in the market include Great Dane, Dennison Trailers Ltd., Wabash National Corporation, Utility Trailer Manufacturing Company, Hyundai Motor Company, Böckmann Fahrzeugwerke GmbH & Co., Schmitz Cargobull AG, Williams Trailers Ltd., Kögel Trailer GmbH & Co., and Miller Industries Inc. The major market players gain edge in the market by activities of mergers & acquisitions and investing in research & development to offer various product offerings.
The Global Truck Trailers Market has been segmented on the basis of
Product Types
- Flatbed
- Dry Vans
- Refrigerated
- Lowboy
- Step Deck
- Others
Axles
- Single Axle
- Tandem Axle
- Multiple Axles
Sizes
- Less than 10,000 Lb
- More than 10,000 Lb
Material of Construction
- Aluminum
- Steel
- Composites
Regions
- Asia Pacific
- China
- India
- Japan
North America
- S.
- Canada
Latin America
- Brazil
- Mexico
Europe
- Germany
- K.
- France
Middle East & Africa
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Truck Trailers Market Overview
- Global Truck Trailers Market Analysis and Forecast by Type
- Global Truck Trailers Market Analysis and Forecast by Application
- Global Truck Trailers Market Analysis and Forecast by Sales Channel
- Global Truck Trailers Market Analysis and Forecast by Region
- North Truck Trailers Market Analysis and Forecast
- Latin Truck Trailers Market Analysis and Forecast
- Europe Truck Trailers Market Analysis and Forecast
- Asia Pacific Truck Trailers Market Analysis and Forecast
- Middle East & Africa Truck Trailers Market Analysis and Forecast
- Competition Landscape
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