USD 20.33 billion
Global Automotive Trailer Market Size, Share, Growth Analysis, By Trailer Type(Dry Van & Box, Refrigerator), By Axle Type(Single Axle, Tandem Axle), By Vehicle Type(Two-Wheeler & Bicycle, Passenger Cars) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2152 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
93 |
Figures:
66
Global Automotive Trailer Market Insights
Automotive Trailer Market size was valued at USD 20.33 billion in 2021 and is poised to grow from USD 21.16 billion in 2022 to USD 29.19 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).
The global automotive trailer market is witnessing growth, primarily driven by the expansion of the logistics industry, a rise in cold chain transportation, cost reduction, and increased carriage capacity. An example of this growth is seen in Lineage Logistics Holding, LLC's strategic facility expansion near the Savannah, Georgia port, providing additional capacity for frozen and refrigerated products in 2021. However, challenges such as high maintenance costs and environmental concerns related to refrigerated trailers hinder market growth.
Automotive trailers, which are unpowered vehicles towed by powered ones using a hitch, play a crucial role in transporting goods and commodities. They are extensively utilized by cargo companies for national and international transfers and also find application in recreational activities like carrying luggage, functioning as fishing boats, or serving as mobile homes with limited amenities.
On the positive side, technological advancements in automotive trailers and the growing interest in trailer platooning offer lucrative opportunities for the market. For instance, Dennison Trailers Ltd. launched a new sliding bogie multi-function trailer capable of carrying two 20' containers with ultimate flexibility in October 2021, allowing it to be split into two independent trailers.
US Automotive Trailer Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Dry Van & Box
Fastest Growth
Dry Van & Box
Growth Rate
6% CAGR
Automotive trailer market ($ Bn)
Country Share for Asia Pacific Region (%)
Automotive trailer market By Trailer Type ($ Bn)
Automotive trailer market By Trailer Type (%)
To get more reports on the above market click here to Buy The Report
Global Automotive Trailer Market Segmental Analysis
The global Automotive Trailer Market is segmented on the basis of Trailer Type, Axle Type, Vehicle Type, and Region. Based on Trailer Type the market is segmented as, Dry Van & Box, Refrigerator, Chemicals & Liquid, Tippers, Flatbed, and Others. Based on Axle Type the market is segmented as, Single Axle, Tandem Axle, and Three or More Than Three Axle. Based on Vehicle Type the market is segmented as, Two-Wheeler & Bicycle, Passenger Cars, and Commercial Vehicle.
Automotive Trailer Market Analysis By Trailer Type
The dry van and box segment is expected to witness significant growth in the global automotive market, primarily due to the increasing demand for non-perishable goods like household items, electronics, clothing, and automotive parts. This growth is driven by the expansion of the logistics industry, where the dry van and box trailers are preferred for their enclosed and secure design, protecting cargo from the elements during transportation. Moreover, 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. As the demand for freight shipments rises, the popularity of these trailers continues to grow, leading to high market growth throughout the forecast period.
Automotive Trailer Market Analysis By Axle Type
Among the various axle types, the tandem axle segment is currently leading the global market and is projected to achieve the highest compound annual growth rate (CAGR) during the forecast period. Tandem axles are gaining significant popularity due to stringent government regulations aimed at reducing emissions and improving fuel efficiency, leading to the development of more efficient and lightweight vehicles.
Tandem axles are specialized products designed for heavy load-bearing vehicles, especially automotive trailers. As the automotive industry emphasizes fuel efficiency and the reduction of power loss, manufacturers are increasingly investing in tandem axle products, driving substantial growth in this segment. The demand for these axles is expected to rise further due to their capability in meeting the requirements of modern transportation standards and regulations.
Automotive trailer market By Trailer Type, 2021 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Automotive Trailer Market Regional Insights
Asia Pacific is dominating the automotive trailer market, primarily driven by the region's promising GDP growth and the strong presence of automotive systems and components manufacturers. The increasing adoption of passenger cars and commercial vehicles due to rising disposable income further contributes to market growth in emerging Asian countries like China, India, and Malaysia.
For instance, in 2020, Asia Pacific produced approximately 35.8 million passenger cars, showing a significant increase from 24.6 million units in 2008, as reported by the International Organization of Motor Vehicle Manufacturers (OICA). China has been a leading producer of passenger cars in the region for several years, followed by Japan and India.
Europe has also experienced notable growth in the global automotive trailer market, thanks to substantial private investments in research and development (R&D). Additionally, the region's focus on road safety is driving the demand for automotive trailers, especially in the United Kingdom, where there is a concern about road fatalities.
The UK's Department for Transport plays a crucial role in implementing road safety policies, providing guidance to local authorities, and assessing legislation related to road safety. These factors are expected to drive the demand for automotive trailers in Europe.
Global Adhesives and Sealants Market By Geography, 2023-2030
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Automotive Trailer Market Dynamics
Automotive Trailer Market Drivers
Growth of Logistics Industry
- The expansion of the logistics industry and e-commerce has increased the demand for efficient transportation solutions, driving the growth of the automotive trailer market.
Increasing Freight Transportation
- The rise in freight shipments, both domestically and internationally, due to globalization and trade activities, is driving the demand for automotive trailers.
Automotive Trailer Market Restraints
High Maintenance Cost
- The automotive trailer market faces challenges in terms of high maintenance costs, which can impact the profitability of trailer operators and manufacturers.
Environmental Concerns
- The use of refrigerated trailers for cold chain transportation raises environmental concerns due to the emissions associated with refrigeration systems.
Request Free Customization of this report to help us to meet your business objectives.
Global Automotive Trailer Market Competitive Landscape
The Automotive trailer market is a highly competitive industry characterized by the presence of numerous key players and a wide range of product offerings. Prominent players in the Automotive Trailer market are making substantial investments in research and development to diversify their product offerings, contributing to the market's continued growth. These companies are also implementing various strategic initiatives to expand their presence globally, such as launching new products, entering into contractual agreements, engaging in mergers and acquisitions, increasing investments, and forming collaborations with other organizations. In the face of intensified competition and a growing market landscape, the Automotive Trailer industry must focus on delivering cost-effective solutions to meet customer demands.
Automotive Trailer Market Top Player’s Company Profile
- Böckmann Fahrzeugwerke GmbH
- China International Marine Containers (Group) Co., Ltd.
- Dennison Trailers Ltd.
- Great Dane
- Humbaur GmbH
- Hyundai Motor Group (HYUNDAI Translead, Inc.)
- Ifor Williams Trailers Ltd.
- Schmitz Cargobull
- Utility Trailer Manufacturing Company
- Wabash National Corporation
Automotive Trailer Market Recent Developments
- July 2021, a light automobile trailer manufacturer named Felling Trailers improved the wheel's fender design and used the altered fender in their ground-level tilt-loading trailers. Thus, the updated design lessens the likelihood of wear and tear on the trailers and helps to lower the cost of light car trailer maintenance.
- March 2022, the new round-bottom Horizon trailer from East Manufacturing Company is intended for agricultural use as well as to transport loads of aggregate, sand, and gravel. During the Transportation Technology Exhibition and 2022 Annual Meeting of the Technology & Maintenance Council, the manufacturer of aluminum trailers displayed its merchandise.
Global Automotive Trailer Key Market Trends
- Growing Demand for Lightweight Trailers: There is a rising demand for lightweight trailers as they offer improved fuel efficiency, reduced emissions, and increased payload capacity. Manufacturers are increasingly using advanced materials and design techniques to create lighter yet durable trailers.
Global Automotive Trailer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our automotive trailer market analyses, the Automotive trailer market has been experiencing significant growth and is expected to continue expanding in the coming years. The automotive trailer market is experiencing substantial growth, driven by factors such as increasing demand for transportation and logistics solutions, growth in the e-commerce sector, and rising industrial activities. The market is segmented based on type, application, and region. Trailer types include utility trailers, camper trailers, and others. Applications range from commercial to residential purposes. Geographically, North America and Europe dominate the market due to their established automotive industries. Asia-Pacific shows promising growth due to expanding economies and increasing trade activities. Overall, the growing need for efficient cargo transport, urbanization, and industrialization are the key drivers propelling the automotive trailer market forward..
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 20.33 billion |
| Market size value in 2030 | USD 29.19 billion |
| Growth Rate | 6% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| 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:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
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 Global 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 Global 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 Global 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 Global 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 Global Automotive Trailer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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.
Global Automotive Trailer Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
