The Trailer Stabilizer Global Market Report 2024 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 Trailer Stabilizer Global Market Report 2024, The trailer stabilizer market size has grown strongly in recent years. It will grow from $10.14 billion in 2023 to $10.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to regulatory compliance, rising awareness of safety, global expansion in logistics, increasing freight transportation, cost reduction strategies.
The trailer stabilizer market size is expected to see steady growth in the next few years. It will grow to $13.07 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to market competition and vendor strategies, continued regulatory emphasis, emergence of autonomous vehicles, e-commerce boom, data-driven solutions. Major trends in the forecast period include collaborations and partnerships, integration of advanced materials, integration of smart technologies, increased customization for diverse applications.
The increase in demand for recreational vehicles is expected to propel the growth of the trailer stabilizer market going forward. A recreational vehicle, also called a motorhome or campervan, refers to motorized or towable vehicles designed for leisure travel and living. They commonly offer features like sleeping accommodations, kitchen amenities, and bathrooms to offer a home-like experience for travelers. Trailer stabilizers are extended to the ground in recreational vehicles to provide stability, level the trailer when parked, and prevent swaying and rocking for a more comfortable and safer environment inside the recreational vehicle. For instance, in December 2021, according to the Recreational Vehicles Industry Association, a US-based association of recreational vehicle manufacturers, the total recreational vehicle shipments for 2021 increased by 39.5% compared to 2020, with a record 600,240 wholesale shipments. Therefore, an increase in demand for recreational vehicles will drive the growth of the automobile glow plug market.
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The trailer stabilizer market covered in this report is segmented –
1) By Type: Multiple Axle Trailer Stabilizer, Tandem Axle Trailer Stabilizer, Single Axle Trailer Stabilizer
2) By Application: Light Car Trailer, Heavy Vehicle Trailer
3) By Industry Type: Commercial, Recreational
Major companies operating in the trailer stabilizer market are focused on developing innovative products such as the scissor jack conversion kit, which enhances stability and safety and gains a competitive advantage. SnapJack is a scissor jack permanent jack pad upgrade that replaces standard original equipment manufacturer (OEM) bowtie feet with a bespoke metal jack, associated hardware, and a permanently attached RV SnapPad. For instance, in March 2023, Origen RV Accessories LTD, a Canada-based manufacturer of RV SnapPad, launched a SnapJack proprietary scissor jack conversion kit for travel trailers and other towables. SnapJack is the industry’s first scissor jack with a permanent jack pad modification. It replaces a standard OEM bowtie foot with a bespoke metal jack, all necessary hardware, and a pre-equipped, permanently attached SnapPad. The SnapJack kit replaces the normal foot of scissor jacks with a premium, custom-made metal jack and a pre-installed SnapPad. This can improve the jacks’ stability and reduce the trailer’s movement and rocking ability.
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