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Global Light Car Trailer Market Size and Forecast 2024-2033|Aluma Ltd., Felling Trailers, Futura Trailers, Haulmark, Kaufman Trailers

The Light Car 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 Light Car Trailer, The light car trailer market size has grown steadily in recent years. It will grow from $1.5 billion in 2023 to $1.56 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to rise in recreational activities, growing interest in outdoor adventures, expanding small business activities, urbanization and limited storage spaces, increased adoption for motorsports.

The light car trailer market size is expected to see steady growth in the next few years. It will grow to $1.86 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to growth in electric and hybrid vehicles, rise in adventure tourism, focus on lightweight and aerodynamic designs, adoption of sustainable materials, increased popularity of camper trailers, global tourism trends.. Major trends in the forecast period include multi-functional trailers, advanced safety features, smart trailer technology, customization options, integration of aerodynamic features, online sales and direct-to-consumer models.

The rapidly expanding tourism industry is expected to propel the light car trailer market going forward. The tourism industry refers to the act of traveling outside one’s area of residence or hometown, either domestically or internationally, for leisure, social, or business purposes. Light trailers refer to vehicles without motive power. Light car trailers such as utility trailers are used in traveling due to their compact travel mode, mostly used by motorsport enthusiasts for transporting vehicles, as a result, the rapidly expanding tourism industry increases the demand for the light car trailer. For instance, in 2022, according to The World Tourism Organization (UNWTO), an UN-based specialized agency, the economic contribution of tourism in 2021 was US$1.9 trillion, higher than US$1.6 trillion in 2020. Thus, the rapidly expanding tourism industry drives the light car trailer market.

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The light car trailer market covered in this report is segmented –

1) By Type: Utility Light Car Trailers, Recreational Light Car Trailers

2) By Design: Open Light Car Trailers, Enclosed Light Car Trailers

3) By Axle: Single Axle Light Car Trailers, Multi Axle Light Car Trailers

4) By Application: Tourism, Transportation, Other Applications

The introduction of innovative electric travel trailers is a key trend gaining popularity in the light car trailer market. Major companies operating in the market are advancing toward the development of electric vehicles to sustain their position in the market. For instance, in August 2022, Bowlus, a US-based manufacturing company providing luxury travel trailers, launched the all-electric Volterra, the world’s first all-electric travel trailer. This trailer is the first travel trailer with an induction cooktop and the first recreational vehicle with high-speed satellite internet. This trailer recreational vehicle weighs 3250 pounds with a payload of 750 pounds. This model uses 17 kWh of lithium iron phosphate batteries, which is more than 100 percent larger than others. Additionally, it features 20A outlets for emergency EV charging, increasing the EV emergency charging range to approximately 65 miles due to the increased battery capacity.

The light car trailer market report table of contents includes:

1. Executive Summary

2. Light Car Trailer Market Characteristics

3. Light Car Trailer Market Trends And Strategies

4. Light Car Trailer Market – Macro Economic Scenario

5. Global Light Car Trailer Market Size and Growth

26. South America Light Car Trailer Market

27. Brazil Light Car Trailer Market

28. Middle East Light Car Trailer Market

29. Africa Light Car Trailer Market

30. Light Car Trailer Market Competitive Landscape And Company Profiles

Top Major Players: