USD 25.24 billion
Automotive Trailer Market Size, Share, and Growth Analysis
Automotive Trailer Market By Trailer Type (Dry Van & Box, Refrigerator), By Axle Type (Single Axle, Tandem Axle), By Vehicle Type (Two-Wheeler & Bike, Passenger Car), By Design, By Weight Capacity, By End-Use, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2152 |
Region:
Global |
Published Date: February, 2025
Pages:
157
|Tables:
93
|Figures:
66
Format -
Automotive Trailer Market Insights
Global Automotive Trailer Market size was valued at USD 25.24 billion in 2023 and is poised to grow from USD 26.35 billion in 2024 to USD 37.19 billion by 2032, growing at a CAGR of 4.4% during the forecast period (2025-2032).
Rapidly surging global trade activity and rising demand for freight transportation around the world are slated to bolster the sales of automotive trailers over the coming years. Increasing investments in the development of advanced trailers with advanced safety and increased payload capacities are also slated to offer new opportunities in the future. Rapidly increasing infrastructure development activity around the world is also expected to favor the global automotive trailer market growth in the long run. High demand for cold chain logistics and increasing demand for agricultural products are also estimated to offer new business scope for automotive trailer suppliers going forward. On the contrary, high initial investments, operational and maintenance issues, fluctuations in raw material pricing, and economic uncertainty are some major restraints that are slated to impede the demand for automotive trailers across the study period and beyond.
US Automotive Trailer Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Tandem Axle
Fastest Growth
Three or More Than Three Axle
Growth Rate
4.4% CAGR
Global Automotive Trailer Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Automotive Trailer Market Segments Analysis
Global Automotive Trailer Market is segmented by Trailer Type, Axle Type, Vehicle Type, Design, Weight Capacity, End-Use and region. Based on Trailer Type, the market is segmented into Dry Van & Box, Refrigerator, Chemical & Liquid, Tipper, Flatbed and Others. Based on Axle Type, the market is segmented into Single Axle, Tandem Axle and Three or More Axles. Based on Vehicle Type, the market is segmented into Two-Wheeler & Bike, Passenger Car and Commercial Vehicle. Based on Design, the market is segmented into Open and Enclosed. Based on Weight Capacity, the market is segmented into Up to 10,000 lbs, 10,000 to 20,000 lbs and Above 20,000 lbs. Based on End-Use, the market is segmented into Commercial, Residential, Agricultural and Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Trailer Type
The dry van and box segment is projected to account for a significant chunk of the global automotive trailer market share over the coming years. Surging demand for transportation of non-perishable consumer goods around the world is projected to help this segment hold sway over others. The rapid expansion of the e-commerce and online retail industry is expected to help bolster the sales of dry van and box trailers in the long run. These trailers offer a cost-effective and versatile solution for freight shipments, making them a popular choice for both local and over-the-road routes thereby further cementing the dominance of this segment.
On the other hand, the demand for refrigerated trailers is slated to rise at an impressive pace across the study period and beyond. Growing demand for frozen foods and increasing demand for fresh food products are slated to help bolster the demand for refrigerated automotive trailers in the long run. Moreover, the ability of these refrigerated trailers to maintain and preserve the freshness of food and other products is also promoting their demand. Growing in cold chain logistics activity around the world is also slated to help offer new business scope for automotive trailer suppliers focusing on this segment in the long run.
Analysis by Axle Type
Tandem axle is forecasted to account for the largest share of the global automotive trailer industry in the future. Enhanced weight distribution, increased stability, and improved braking efficiency offered by tandem axles as compared to other types of axles make them a popular choice amongst automotive trailer manufacturers around the world. Reduction of power loss and improved efficiency offered by tandem axles is also expected to help this segment offer new opportunities in the long run. Smoother ride quality offered by tandem axles is also expected to generate new business scope for automotive trailer companies across the study period and beyond.
Meanwhile, the demand for automotive trailers with three or more than three axle is expected to rise at a notable pace over the coming years. Growing demand for transportation of heavy volumes of goods across a large distance is projected to help bolster the demand for multi-axle setups in automotive trailers going forward. Efficiency in transporting oversized and high payload goods is also a key factor helping this segment gain traction among automotive trailer manufacturers. Improved regulatory and legal compliance for weight transportation regulations offered by multi-axle setups is also expected to help this segment bring in more revenue than others in the long run.
Global Automotive Trailer Market By Axle Type
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Automotive Trailer Market Regional Insights
The Asia Pacific region is estimated to spearhead the sales of automotive trailers across the study period and beyond. Rapidly increasing domestic and international trade activity in this region to boost economic growth is primarily driving sales of automotive trailers in Asia Pacific. The growing e-commerce industry, presence of leading manufacturing facilities, and government support to promote trade activity are factors boosting the demand for automotive trailers. Establishment of new freight trade routes and presence of leading freight transport providers are also expected to benefit market growth in this region. India, China, Indonesia, and Japan are slated to be the most opportune markets in this region.
Meanwhile, Europe is estimated to emerge as the second-largest market for automotive trailers. The presence of a developed logistics and freight sector coupled with an expansive road network make this a highly opportune region for automotive trailer vendors going forward. Surging construction and mining activities in European countries is also expected to help boost the sales of automotive trailers in the future. Germany, France, and the United Kingdom are estimated to emerge as the top markets for automotive trailer suppliers looking to make a mark in the European region through 2031. Use of advanced technologies to enhance efficiency and safety of automotive trailers is also slated to be a key trend for this region.
Global Automotive Trailer Market By Region
- Largest
- Fastest
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Automotive Trailer Market Dynamics
Automotive Trailer Market Drivers
Rising Trade Activity Around the World
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Increasing globalization and rapidly surging demand for different consumer products have led to a major increase in global trade activity around the world. Automotive trailers, offering high cargo capacity, are crucial for transporting goods across long distances. Their ability to reduce transportation costs per unit of cargo makes them an attractive choice for logistics companies.
Availability of Advanced Trailers
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Integration of smart technologies, use of lightweight materials, and advanced safety systems has led to the development of advanced trailers. These advancements enhance payload capacity, reduce fuel consumption, and provide real-time tracking and diagnostics, attracting fleet owners thereby favoring the global automotive trailer market outlook as well.
Automotive Trailer Market Restraints
High Initial Investments
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The high costs of manufacturing automotive trailers and substantial investments required to purchase these trailers are expected to primarily hinder the sales of automotive trailers going forward. As more advanced features are integrated into trailers their costs are slated to rise further. This restraint is especially prominent for companies with limited spending potential in developing countries such as India and Brazil.
Operational and Maintenance Issues
-
Automotive trailers require regular maintenance to keep them optimally functional and safe for all types of end users. However, the high costs associated with these maintenance tasks and the downtime required for the same are expected to cause issues in trade operations and thereby impede the global automotive trailer market forecast through 2031 and beyond.
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Automotive Trailer Market Competitive Landscape
Automotive trailer companies should focus on improving the payload capacity and efficiency of their offerings in the long run. Complying with stringent regulations is a hurdle that automotive trailer companies need to overcome to boost their business scope. Targeting the Asia Pacific and Europe regions is slated to offer lucrative revenue generation opportunities in the long run.
Top Players in Automotive Trailer Market
- Utility Trailer Manufacturing Company (US)
- Aluma (US)
- Brian James Trailers Limited (UK)
- Miller Industries Inc. (US)
- Kogel Trailer GmbH & Co. KG (Germany)
- Hyundai Translead (South Korea)
- Wabash National Corporation (US)
- Great Dane Trailers (US)
- Stoughton Trailers (US)
- Vanguard National Trailer Corp. (US)
- Pitts Trailers (US)
- Fontaine Trailer Company (US)
- MAC Trailer Manufacturing (US)
- MANAC Inc. (Canada)
- Fruehauf North America (US)
- XPO Logistics (US)
- Timpte Inc. (US)
- Reitnouer Inc. (US)
Automotive Trailer Market Recent Developments
- In September 2024, Trailer Dynamics and THE REEFER Group announced their strategic collaboration to develop an electrified refrigerated trailer. The new trailer is intended to revolutionize the modern logistics industry by reducing carbon emissions, operational costs, and dependence on fossil fuels.
- In February 2023, TIP Group, a leading provider of trailer and truck leasing solutions announced the launch of its new battery and solar-powered refrigerated trailers. The new trailers are equipped with Sunswap’s innovative battery and solar-powered refrigeration unit to comply with modern sustainability goals.
- In November 2022, Range Energy, a company focusing on electrification of trailers announced its launch with USD 8 million in seed funding. The funding came from UP Partners, R7, and Yamaha Motor Ventures after Range successfully tested its hardware and software prototypes to accelerate electrification of commercial transportation.
Automotive Trailer Key Market Trends
- Electrification of Trailers: Automotive trailer companies should focus on developing electric-powered trailers and auxiliary power units to capitalize on the electrification trend in the long run. These trailers are expected to be highly sustainable and growing demand for sustainable transportation is also slated to make this an unmissable automotive trailer market trend for the future.
- Use of Lightweight Materials: Automotive trailer manufacturers should invest in the utilization of lightweight materials to help their offerings stay compliant with modern emission regulations. Lightweight materials like aluminum and composite alloys can enhance payload capacity of automotive trailers whilst also reducing their overall weight to comply with the stringent emission mandates being issued around the world.
Automotive Trailer Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing international trade and freight transportation and rising availability of advanced trailers are slated to drive automotive trailer demand in the future. On the contrary, high initial investments and maintenance issues are forecasted to hurt the sales of automotive trailers in the long run. The Asia Pacific region is estimated to spearhead the sales of automotive trailers owing to the presence of leading automotive manufacturers in countries such as Japan, India, and China and rising trade activity. Development of electric automotive trailers and use of lightweight materials are slated to present new opportunities for automotive trailer manufacturers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 25.24 billion |
| Market size value in 2032 | USD 37.19 billion |
| Growth Rate | 4.4% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Trailer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Trailer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Trailer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Trailer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Trailer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Trailer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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