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Global Automotive Trailer Market- Industry Analysis (2020-2027)

Global Automotive Trailer Market was valued at USD 24.75 Bn in 2019 and is expected to reach USD XX Bn by the end of 2027, growing at a CAGR of 3.4% in forecast period.



Global Automotive Trailer Market

The report includes analysis of the impact of COVID-19 lockdown on the revenue of market-leader, followers and disrupters. Since lockdown was implemented, different fields, regions and countries, impact of same is also different by region and segments. The report has covered short term and long tern impact of the market, which will help decision makers to prepare the outline for short term and long strategies for companies by regions.

An automotive trailer is an unpowered vehicle towed by a powered vehicle which is usually used for transportation of goods and materials. It is not only creating avenues in traditional applications but also with new applications like heavy cargo, fishing boats and mobile homes.

Drivers & Restrains

A remarkable growth in the industrial area, emerging economies and rising manufacturing activities are playing a pivotal role in the growth of the automotive trailer market. The report has covered these key drivers of the market and the impact of it on the market concerning the region and types of automotive trailer market.

Automotive trailers are environment friendly as it reduces the carbon emission, it is cost-effective as it consumes less fuel for the operation and the most important factor, it comes with high carriage capacity. These factors are major growth generators for the automotive trailer market.

An increasing number of construction sites along with accelerated transport and industries as well as on the other side the consumers are meeting the desirable disposable income in developing and developed countries. The governments are also investing more in the infrastructural development of their countries. These factors are likely to push the demand for the automotive trailer market.

Apart from that, the opportunistic collaborations by the major key players in the automotive trailer market are creating more opportunities for these players which ultimately help the growth of the market.

On the other hand, its maintenance cost is high, it has unfavorable resale value and the modern advancements in the transportation sector are setting obstacles in the growth of the automotive trailer market. Thus being the major restrains for the market.

Segmentation

By vehicle type, the global automotive trailer market is segmented by Two-wheeler & Bike, Passenger Car and Commercial Vehicle in which commercial vehicles segment is expected to dominate the market because of the high demand in this section.

The report covers the analysis of various factors that determine regional growth concerning its economy, environment, technological advancements, societal patterns, and political circumstances of the particular region as well as a particular country. It also analyses the data of revenue, sales, and manufacturers of each region.

By region, North America held a majority share of xx% in 2019 and is expected to continue its dominance through the forecast period with xx% CAGR owing to technological advancement, increase in global trade and genuine R & D initiatives.
Asia-Pacific is expected to register a remarkable growth with xx% CAGR in the forecast period. The growth of the Asia-Pacific market is attributed to the constant development in the road infrastructure as well as the rapid industrialization and urbanization. As well as the regional treaties which are fuelling the inter-national transportation which also made the automotive trailer market grow at a significant pace.

Competitive Landscape

Global Automotive Trailer Market1

The report provides competitive landscape of the Global Automotive Trailer Market with the company market structure and market share analysis of the key market players.

The objective of the report is to present a comprehensive analysis of the Global Automotive Trailer Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Automotive Trailer Market dynamics, structure by analysing the market segments and project the Global Automotive Trailer Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Automotive Trailer Market makes the report investor’s guide.
Global Automotive Trailer Market, by Trailer Type

• Dry Van & Box
• Refrigerator
• Chemical & Liquid
• Tipper
• Flatbed
• Others
Global Automotive Trailer Market, by Axle Type

• Single Axle
• Tandem Axle
• Three or More Than Three Axle
Global Automotive Trailer Market, by Vehicle Type

• Two-wheeler & Bike
• Passenger Car
• Commercial Vehicle
Global Automotive Trailer Market, by Region

• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Major Key Players

• China International Marine Containers Co., Ltd
• Schmitz Cargobull Aktiengesellschaft
• Wabash National Corporation
• Great Dane
• Dennison Trailers Ltd.
• Utility Trailer Manufacturing Company
• Hyundai Motor Group
• Humbaur GmbH
• Ifor Williams Trailers Ltd.
• Bckmann Fahrzeugwerke GmbH
• Kentucky Trailer
• Europe Trailers
• Heil Trailer International
• Premier Trailer Mfg. Inc.
• ACPS Automotive

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