Global Trailer Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Trailer Market Report by The Business Research Company covers trailer market drivers and restraints, trailer market size, major players, and the impact of COVID-19 on the trailer market.
The trailers market consists of sales of trailers and related services by entities (organizations, sole traders and partnerships) that manufacture trailers which are used for the transportation of goods and materials. The trailers industry includes establishments that manufacture trailers such as dry vans, refrigerated trailers, tank trailers, flatbed trailers, lowboy trailers and other trailers. The trailer market is segmented into dry vans, refrigerated trailers, tank trailers, flatbed trailers, lowboy trailers and other trailers.
The global population is growing and is expected to reach about 10 billion by 2050, indirectly driving the trailers market. Increase in population creates more demand for food, automobiles, infrastructure and transportation.
The global trailer market is expected to grow from $51.41 billion in 2020 to $53.99 billion in 2021 at a compound annual growth rate (CAGR) of 5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $79.45 billion in 2025 at a CAGR of 10%.
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Some trailer market trends include automation and sensor technology increasingly being used in the trailers industry to increase the efficiencies of dump trailers. The automation technology allows truck drivers to automatically raise and lower the lift axes of dump trailers for easy loading and unloading processes. The sensor technology reduces the chances of overloading the trailer fixed axles and compromising tire wear by using intelligent algorithms. The automation and sensors control systems play a vital role in reducing operational costs for transportation companies.
Global trailer market segments include:
1) By Type: Dry Vans, Refrigerated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers.
2) By End-Use: Paper And Paper Products, Pharma Drugs, Textile Products, Food And Groceries, Agriculture And Farm Products, Chemicals, Petroleum And Petroleum Products, Motor Vehicle And Motor Vehicle Parts, Metal And Minerals, Commercial Machinery, Other Products.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Trailer Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides trailer market overviews, analyzes and forecasts market size, share, trailer market players, trailer market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The trailer market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Trailer Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: China International Marine Containers (Group) Ltd, Schmitz Cargobull AG, Bernard Krone Holding SE & Co. KG, Wabash National Corporation, Utility Trailer Manufacturing Company.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Trailer Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Trailer Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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