DUBLIN--(BUSINESS WIRE)--The "Automotive Trailer Market by Trailer Type, Axle Type, And Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
Automotive trailers are unpowered vehicles dragged by a powered vehicle, which are used to transport goods and commodities. There are many types of trailers, each having a different load capacity and a different purpose including flatbed trailers, dry vans or box trailers, refrigerated trailers, lowboy trailers, tanker trailer, side-kit trailers, multi-car trailer and other various specialty trailers. It needs to be pulled by a bike, car, truck, or other vehicle.
The automotive trailer market is driven by expansion of logistics industry coupled with the increase in cold chain transportation, reduction in cost and extra carriage capacity of the trailers. However, the factors such as high maintenance cost of the automotive trailers and surge in environment concerns regarding refrigerated trailer restrain the market growth. On the contrary, technological advancement in automotive trailers and increase in attention to trailer platooning are expected to provide lucrative growth opportunities for the market.
The automotive trailer market is segmented on the basis of trailer type, axle type, vehicle type, and region. By trailer type, the market is categorized into dry van, box trailers, flatbed, trippers, refrigerated trailers, and others. By axle type, it is bifurcated into single axle and tandem axle. By vehicle type, it is classified into two-wheeler, passenger cars, and commercial vehicles. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 Scenario Analysis
The spread of the COVID-19 pandemic has negatively impacted the global automotive trailer market, owing to commute restrictions and expected weak financial performance of the market players in 2020. The economic impact of the pandemic is visible with organizations preparing strategic cost-saving plans. Organizations with vehicle assets are considering sale and leaseback options to improve cash flow.
The major risk factors of the automotive trailer participants are supply chain execution, regulatory & policy changes, dependency on labor, working capital management, and liquidity & solvency management. Thus, most of the player operating in trailer market financially suffered from the outbreak.
Key Benefits
- This study presents analytical depiction of the global automotive trailer market analysis along with current trends and future estimations to depict imminent investment pockets.
- The overall automotive trailer market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global automotive trailer market with a detailed impact analysis.
- The current automotive trailer market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Market Dynamics
Drivers
- Expansion of logistics industry coupled with the increasing cold chain transportation
- Reduction in cost
- Extra carriage capacity of the trailers
Restraints
- High maintenance cost of the automotive trailers
- Growing environment concerns regarding refrigerated trailer
Opportunities
- Technological advancement in automotive trailer
- Increasing attention to trailer platooning
Key Players
- Bockmann Fahrzeugwerke GmbH
- China International Marine Containers (Group) Co., Ltd.
- Dennison Trailers Ltd.
- Great Dane
- Humbaur GmbH
- Hyundai Motor Group (HYUNDAI Translead, Inc.)
- Ifor Williams Trailers Ltd.
- Schmitz Cargobull
- Utility Trailer Manufacturing Company
- Wabash National Corporation
For more information about this report visit https://www.researchandmarkets.com/r/3jct4d.
