Automotive Trailer Market Size to grow by USD 7.5 billion between 2024-2028
According to a research report “ Automotive Trailer Market” by Type (Dry trailers, Refrigerated trailer, Tank trailer, Flatbed trailers, Others) Vehicle Type (Commercial vehicle, Passenger car, Two-wheeler and bicycle) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 7.5 billion, at a CAGR of 4.46% during the forecast period. The logistics sector heavily relies on road transport as it offers cost-effective solutions compared to other modes of transportation. Consequently, the automotive trailer market experiences significant demand due to the increasing requirement for logistics and supply chain services. The expansion of industries such as manufacturing, agriculture, electronics, textile, and clothing has fueled this demand. Companies often outsource their logistics needs to external providers to minimize fleet investment, and the availability of various container types, tanks, and flatbeds cater to diverse requirements. Furthermore, the surge in e-commerce activities has intensified the dependence of e-commerce companies on logistics service providers for the seamless transportation of goods between warehouses and distribution hubs..
Browse market data tables, figures, and in-depth TOC on “Automotive Trailer Market” by Type (Dry trailers, Refrigerated trailer, Tank trailer, Flatbed trailers, Others) Vehicle Type (Commercial vehicle, Passenger car, Two-wheeler and bicycle) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Type, the Dry trailers segment is projected to dominate the market size in 2024
The global automotive trailer market is witnessing significant growth, with the dry trailer segment leading the way. This segment's expansion is driven by the surging demand for transporting non-perishable goods, which encompasses a broad range of essential items such as household goods, electronics, clothing, and automotive components. The burgeoning logistics and supply chain industry is a major catalyst for this trend, as businesses prioritize efficient and secure methods for moving their goods. Dry trailers, characterized by their fully enclosed design, offer a protective environment shielding cargo from inclement weather and potential theft. As a result, they are the preferred choice for shippers seeking to transport non-perishable items safely and effectively.
By Vehicle Type, Commercial vehicle segment is expected to hold the largest market size for the year 2024
The automotive trailer market is poised for significant growth during the forecast period, with commercial trailers leading the charge. The increasing demand for efficient and cost-effective food delivery solutions, as well as the simplicity of road transportation, are key drivers for this trend. Moreover, the expansion of logistical commerce, urbanization, and industrial activity, along with the development of rural area road networks, will create new opportunities in this sector. In emerging economies like India and China, where rapid urbanization and a growing reliance on road transportation are fueling infrastructure development, market demand for trailers is expected to increase substantially.
APAC is forecasted to hold the largest market size by region in 2024
The automotive trailer market represents a significant business opportunity, with growing demand driven by the increasing need for efficient transportation of goods. Key players in this sector are focusing on innovation, such as advanced materials and smart trailer technology, to enhance productivity and reduce operational costs. The market is expected to experience robust growth, driven by expanding logistics industries and the global increase in trade.
The Automotive Trailer Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Automotive Trailer Market encompasses a wide range of trailers used for transporting various goods, including vehicle trailers and automobile trailers. In the logistics industry, trailers play a crucial role in cold chain transportation, ensuring the safe and efficient transport of temperature-sensitive goods such as food, pharmaceuticals, and perishable commodities. E-commerce has significantly impacted the market, with an increase in demand for Reefer trailers and smart-trailer solutions to meet the growing needs of businesses dealing in apparel, textile, electronics, and other sectors. Cold chain logistics is a key application area, particularly for industries like agriculture, where perishable goods require temperature-controlled transportation. Full truckload (FTL) and third-party logistics providers offer various trailer types, including tipper trailers for transporting bulk materials like chemicals and liquids, and refrigerator trailers for temperature-sensitive cargo. The market also caters to the transportation needs of commercial vehicles, passenger cars, and even twowheelers and bikes. The trend towards zero-emission all-electric refrigerated trailers is gaining momentum, offering environmental benefits and cost savings over traditional diesel-powered trailers. The automotive trailers market is poised for growth, driven by the increasing demand for efficient and sustainable logistics solutions.
Market Research Overview
The Automotive Trailer Market encompasses a wide range of trailer types used for transporting various goods, including commercial vehicles and passenger cars. The market includes Flatbed Trailers for transporting heavy loads, Tipper Trailers for transporting loose materials, Refrigerators for perishable goods like fruits, vegetables, dairy products, fish, poultry, and fresh flowers, and Reefer Trailers for cold chain transportation of temperature-sensitive goods such as pharmaceuticals, chemicals, and electronics. Commercial Trailers are used for transporting nonperishable products, while Automobile Trailers are designed for transporting cars. The market caters to various industries, including Ecommerce, Apparel, Textile, and Agriculture, which require efficient logistics solutions. The logistics industry is shifting towards zero-emission all-electric refrigerated trailers to reduce the carbon footprint. Autonomous driving technology is also being integrated into trailers for efficient and cost-effective freight shipments. The market includes Single axle and Tandem axle trailers, catering to different load capacities. The market also includes trailers for transporting chemicals and liquids, as well as trailers for Twowheeler and Bike transport. The market is expected to grow significantly due to the increasing demand for efficient and cost-effective logistics solutions in the e-commerce and pharmaceutical industries.
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