Automotive Trailer Market – By Trailer Type (Dry Van & Box, Refrigerator, Chemical & Liquid, Tipper, Flatbed, and Others), By Axle Type (Single Axle, Tandem Axle, and Three or More Than Three Axle), By Vehicle Type (Two-Wheeler & Bike, Passenger Car, and Commercial Vehicle), By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Automotive Trailers is expected to reach 35795.72974 million USD by 2030 with a CAGR of 3.5 % in the upcoming years. Automotive Trailers are used for the transportation of goods and material across the world. These trailers are usually towed to the car, trucks, SUVs and other vehicles. Different types of goods such as cargo, bicycles, and boats can be transported easily mobile homes can also be transported using these automotive trailers. These trailers are towed to vehicles hence these trailers cater to some benefits such as reduction of cost in case of fuel consumption, they do not produce any emission hence they are totally environment-friendly, and these carriages have a better carrying capacity. With all the above advantages these types of trailers are very popular across the world they can act as mobile homes due to so much popularity and usefulness the market is growing rapidly.

Market Segmentation:

On the basis of trailer type, the market is segmented into dry van & box, refrigerator, chemical & liquid, tipper, flatbed, and others. On the basis of axle type, the market is segmented into the single axle, tandem axle, and three or more than three axles. On the basis of vehicle type, the market is segmented into two-wheeler & bike, passenger car, and commercial vehicles. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Market Dynamics and Factors:

An increase in demand for the trailers in the industry such as construction, transport, and manufacturing industry is driving the market. Growth of disposable income, especially in North America and Europe, is the supporting factor for the market. Growing industrialization in an emerging industry with growing sectors such as construction and transport industry, use of these trailers as a mobile home is another factor which will boost the market growth. The growing automotive market across the world will propel the growth of the market. However, towing trailer to a vehicle will increase the load on the engine up to some extent. Different shape and size trailers with further development will create more opportunities.

Geographic Analysis:

North America is expected to dominate the market in upcoming years with growth in disposable income combined with the increase in transport using a trailer. The concept of mobile homes is also popular in North America as compared to other regions. Asia Pacific is also anticipated to witness noteworthy growth during the forecast period. With the growing industrialization, construction, and growing disposable income. These trailers are very popular in emerging countries of Asia Pacific such as India, China, and others.  Europe will experience steady growth in the market with growth in the transport sector.

Competitive Scenario:

Some of the major players in the automotive trailer market are China International Marine Containers Co., Ltd, Schmitz Cargobull Aktiengesellschaft, Great Dane, Dennison Trailers Ltd., Wabash National Corporation, Utility Trailer Manufacturing Company, Hyundai Motor Group, Böckmann Fahrzeugwerke GmbH, Ifor Williams Trailers Ltd., and Humbaur GmbH.

Automotive Trailer Market Report Scope