The Automotive Trailer by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Trailer, The automotive trailer market size has grown strongly in recent years. It will grow from $23.54 billion in 2023 to $24.77 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to economic growth, global trade expansion, regulatory compliance, consumer preferences, infrastructure development, fuel prices.
The automotive trailer market size is expected to see steady growth in the next few years. It will grow to $29.47 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to autonomous vehicles, environmental regulations, data analytics and connectivity, urbanization trends, supply chain resilience. Major trends in the forecast period include technological advancements, sustainability initiatives, safety innovations, customization and lightweight materials, e-commerce boom impact.
The expanding logistics industry is expected to propel the growth of the automotive trailers market going forward. The logistics industry refers to the process of planning, implementing, and controlling the movement of goods and services from the point of origin to the point of consumption. Automotive trailers are an important part of the logistics industry and are widely used in the industry for transporting machinery, cargo, consumer goods, and others. For instance, in 2021, according to the International Transport Forum, a France-based inter-governmental organization of transport industry professionals, the global freight trade increased by 9.8%. Furthermore, in January 2023, according to the US Department of Transportation, a US-based governmental department, the North American trans-border freights increased by 10.6% as compared to January 2022. The truck freight was valued at $77.7 billion, which was an increase of 12.7% as compared to 2022. Therefore, the expanding logistics industry is driving the growth of the automotive trailers market forward.
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The automotive trailer market covered in this report is segmented –
1) By Vehicle Type: Two-wheeler and Bike, Passenger Car, Commercial Vehicle
2) By Axle Type: Single Axle, Tandem Axle, Three or More Than Three Axle
3) By Trailer Type: Dry Van and Box, Refrigerator, Chemical and Liquid, Tipper, Flatbed, Other Types
4) By Application: Automotive, Transportation, Logistics, Other Applications
Top Major Players:
North America was the largest region in the automotive trailers market in 2023.
Product innovations are a key trend gaining popularity in the automotive trailers market. Major companies operating in the automotive trailer market are introducing innovative products to sustain their position in the market. For instance, in March 2023, Lightship RV, a US-based recreational vehicle company, launched the Lightship L1, the first purpose-built, aerodynamic, all-electric travel trailer. The L1, which is three times more aerodynamic than a conventional trailer, features a patented power system architecture that essentially integrates an automotive electric vehicle battery and powertrain with a domestic scale solar system. While harvesting and storing clean solar energy, the L1 may move itself such that the vehicle towing it experiences almost no range or MPG loss and can power several all-electric items within the car.
The automotive trailer market report table of contents includes:
1. Executive Summary
2. The Automotive Trailer Market Characteristics
3. The Automotive Trailer Market Trends And Strategies
4. The Automotive Trailer Market – Macro Economic Scenario
5. The Automotive Trailer Market Size and Growth
…….
26. Global Automotive Trailer Market Competitive Benchmarking
27. Global Automotive Trailer Market Competitive Dashboard
28. Key Mergers and Acquisitions In Automotive Trailer Market
29. Automotive Trailer Market Future Outlook and Potential Analysis
30. Appendix
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