Global Automotive Trailer Market (2022 to 2030) - Share, Size, Trends, Industry Analysis Report - ResearchAndMarkets.com

The "Automotive Trailer Market Share, Size, Trends, Industry Analysis Report, By Vehicle Type; By Trailer Type; By Axle Type; By Region; Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global automotive trailer market size is expected to reach USD 29.07 billion by 2030 according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rise in government support to use double- and triple-deck trailers, along with rising investments by private and public authorities in emerging economies, will positively influence the industry growth. For instance, in December 2021, the Ministry of Road Transport & Highways (MoRTH) has proposed and allowed the usage of triple-deck motorized trailers that will enhance carriage capacity by almost 40-50% for increased shipment.

Furthermore, the rising spending on capital-intensive projects and infrastructure development initiatives is expected to contribute higher in the upcoming decade, driving the need for these to transport construction equipment and materials. This is expected to bolster the industry demand across the globe.

By type, the dry van & box segment is projected to garner a significant share during the forecast period on account of the advantages such as secure, reasonable, and multipurpose solutions in terms of freight shipments for both local and over-the-road routes.

The growth of these is driving the industry growth as this industry has changed the way logistics is done in retail shipments across the globe. Motorized trailers for transporting and storing perishable products are rising due to their cost-benefit aspects and convenience concerning improving operational efficiency concerning technical developments. Thus, the rise in demand for perishable goods and the integration of AI-based optimization in trailers to attain carbon neutrality are creating a positive outlook for industry growth worldwide.

Market Dynamics

Drivers and Opportunities

• Expansion in the logistics industry
• Rise in cold chain transportation

Restraints and Challenges

• Data theft

The publisher has segmented the automotive trailer market report on the basis of vehicle type, trailer type, axle type, and region:

Automotive Trailer, Vehicle Type Outlook (Revenue - USD Billion, 2018 - 2030)

• Two-wheeler & Bike
• Passenger Car
• Commercial Vehicle

Automotive Trailer, Trailer Type Outlook (Revenue - USD Billion, 2018 - 2030)

• Dry Van & Box
• Refrigerator
• Chemical & Liquid
• Tipper
• Flatbed
• Others

Automotive Trailer, Axle Type Outlook (Revenue - USD Billion, 2018 - 2030)

• Single Axle
• Tandem Axle
• Three or More Than Three Axle

Automotive Trailer, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• France
• Germany
• UK
• Italy
• Netherlands
• Spain
• Austria
• Asia Pacific
• China
• India
• Japan
• Malaysia
• South Korea
• Indonesia
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa

Companies Mentioned

• Bockmann Fahrzeugwerke
• Dennison Trailers
• China International Marine Containers
• Humbaur
• Great Dane
• Schmitz Cargobull
• Hyundai Motor Group
• Ifor Williams Trailers
• Wabash National Corp
• Utility Trailer Manufacturing

For more information about this report visit https://www.researchandmarkets.com/r/j83dbt

View source version on businesswire.com: https://www.businesswire.com/news/home/20220504005997/en/