Global Trailer Landing Gear Market

Trailer Landing Gear Market Size, Share, Growth Analysis, By Types(Automatic, Manual), By Sales Channel(OEM, Aftermarket) - Industry Forecast 2024-2031

Report ID: SQSG20X2003 | Region: Global | Published Date: April, 2024
Pages: 278 | Tables: 61 | Figures: 75

Trailer Landing Gear Market News

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Trailer Landing Gear Market size was valued at USD 235 million in 2019 and is poised to grow from USD 246.75 million in 2023 to USD 382.79 million by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).

To support their business capacities and meet the growing demand, industry participants are primarily focused on the development of electric & manual landing gear product portfolios and technologies. The main initiatives are improving the product landscape, forming strategic alliances, and growing. Automation and digital manufacturing equipment are helping certain manufacturers run more efficiently. 'JOST Werke AG', 'SAF-Holland S.A.', 'Guangdong Fuwa Engineering Group Co., Ltd.', 'BPW Bergische Achsen KG', 'H. D. Trailers Pvt. Ltd.', 'York Transport Equipment (Asia) Pte Ltd', 'Butler Products Corporation', 'Standen's Limited', 'Yangzhou Tongyi Machinery Co., Ltd.', 'Soporte de Carga S.A. de C.V.', 'Jinan Ketian Auto Parts Co., Ltd.', 'Zhenjiang Baohua Semi-Trailer Parts Co., Ltd.', 'SAE-SMB Industries', 'P. Ravindran & Sons', 'Jiaxing Shengchang Machinery Co., Ltd.', 'Hyundai Translead', 'Aarcon Enterprises Inc.', 'W&P Trailer Parts GmbH', 'MGM Brakes', 'V. M. Engineers'

The demand for new trailers and trucks, which in turn is anticipated to drive the worldwide truck landing gear market during the forecast period due to strict government rules regarding carbon emission and increased demand for installing truck landing gears in existing trailers.

The market has grown as a result of increased truck and trailer production to fulfill the escalating demand. The expansion of Mexico's economy is centered on increasing automobile production, which is driven by the availability of resources and advantageous trade rules. This will have a good impact on suppliers of auto parts. A new distribution network will be necessary to meet the growing demand for trailer landing gear aftermarket services.

North America holds the largest market share in the trailer landing gear, and it is anticipated that it will continue to dominate the market throughout the projection period. This supremacy is attributable to the region's extensive semi-trailer and trailer fleet, as well as the region's well-developed road transportation infrastructure. Additionally, the region's high demand for lightweight, fuel-efficient trailer components and the expansion of the industrial sector is projected to drive up the price of trailer landing gears. Additionally, one of the key factors propelling the trailer landing gear market in the North American area is the rising manufacturing of commercial vehicles in this region. Because of its substantial agricultural land and strong vehicle production and sales, Asia Pacific owns the second-largest proportion of the market.

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Global Trailer Landing Gear Market

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