Global Automotive Trailer Market Size, Drivers, Trends, Opportunities And Strategies – Includes Automotive Trailer Market Report
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
During the projected period, the rising logistics industry is expected to stimulate innovation in automobile trailer manufacturing, hence propelling the market.
The global automotive trailer market is expected to grow from $22.31 billion in 2022 to $23.54 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The global automotive trailer market size is expected to reach $28.03 billion in 2027 at a CAGR of 4.5%.
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Global Automotive Trailer Market Segments Include:
- By Vehicle Type: Two-wheeler and Bike, Passenger Car, Commercial Vehicle
- By Axle Type: Single Axle, Tandem Axle, Three or More Than Three Axle
- By Trailer Type: Dry Van and Box, Refrigerator, Chemical and Liquid, Tipper, Flatbed, Other Types
- By Application: Automotive, Transportation, Logistics, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global automotive trailer market in 2021.
Major Market Players in the automotive trailer market include Bockmann Fahrzeugwerke GmbH, Dennison Trailers Ltd., Humbaur GmbH, Great Dane Trailers Inc., Ifor Williams Trailers Ltd., Wabash National Corp., Utility Trailer Manufacturing Co.
Product innovation is a significant trend that is gaining traction in the automotive trailers market. To maintain their market position, major players in the automotive caravan sector are launching novel products. Lightship RV, a US-based recreational vehicle firm, for example, introduced the Lightship L1, the first purpose-built, aerodynamic, all-electric caravan, in March 2023. The L1, which is three times more aerodynamic than a standard caravan, incorporates a proprietary power system architecture that essentially merges an automotive electric vehicle battery and powertrain with a household scale solar system. The L1 can move itself while gathering and storing clean solar energy, so that the vehicle towing it loses nearly no range or MPG and can power multiple all-electric devices within the car.
The Automotive Trailer Global Market Report 2023 provides a automotive trailer market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive trailer market forecast analyzes automotive trailer market size, automotive trailer market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Unpowered vehicles built to be pulled by a powered vehicle, such as a car or truck, are referred to as automotive trailers. It is a wheeled container used for moving goods or equipment, but it can also be used for leisure activities such as camping or boating.
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