Latest News- Automotive Trailer Market: Dry trailers is expected to lead the Type segment during 2024-2028

The Automotive Trailer Market is being driven by Rapidly growing transportation and logistics industry

The Automotive Trailer Market is expected to grow at a CAGR of 4.46% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7.5 billion. In the automotive trailer market, technological innovations are revolutionizing the industry landscape. Digital technologies, including telematics, electrification, and digitalization, are driving advancements in trailer design and functionality. These technologies are anticipated to generate new business opportunities, such as real-time trailer monitoring through advanced telematics and artificial intelligence-driven optimization. This will lead to reduced carbon emissions, traffic congestion, increased utilization, and overall cost savings. Furthermore, the integration of advanced devices, such as temperature recorders with GSM/GPS modems and remote temperature monitoring systems, enhances the capabilities of refrigerated trailers for real-time monitoring, benefiting both trailer owners and fleet managers. The implementation of these technological advancements is expected to foster growth in the automotive trailer market during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Dry trailers
  • Refrigerated trailer
  • Tank trailer
  • Flatbed trailers
  • Others
• Vehicle Type
  • Commercial vehicle
  • Passenger car
  • Two-wheeler and bicycle
• Geography
  • APAC
    • China
    • India
  • Europe
    • Germany
    • UK
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rapidly growing transportation and logistics industry
• Increasing demand from European Logistics Sector
• Stringent regulations on emissions and fuel consumption

However, the market also witnesses some limitations, which are as follows:

• High maintenance cost of automobile trailers
• Local players in unorganized sector
• Lightweight semi-trailers

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Market Scope in Automotive Trailer Market Research Report

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Research Analysis Overview

The automotive trailer market encompasses various types of trailers used in the logistics industry, including those for cold chain transportation of pharmaceuticals, passenger cars, commercial vehicles, two-wheelers and bikes, refrigerators, chemical and liquid products, tippers, and reefer trailers. Smart-trailer solutions and zero-emission all-electric refrigerated trailers are gaining popularity. This market serves multiple sectors like agriculture, electronics, textile, apparel, e-commerce, third-party logistics, full truckload (FTL), and cold chain. Automobile trailers and vehicle trailers are essential components of this market.

Market Research Overview

The global automotive trailer market is a significant component of the larger automobile manufacturers industry, focusing on the production of trailers for various applications. This market caters to the requirements of the pharmaceutical, cold chain logistics, and other industries for transporting goods such as refrigerators, chemicals and liquids, tippers, flatbeds, and nonperishable products. The parent automobile manufacturers market, which encompasses companies producing passenger cars, commercial vehicles, and all-terrain vehicles, does not include manufacturers of motorcycles, scooters, e-bikes, trikes, and three-wheelers. The growth of the automotive trailer market will be fueled by the increasing demand for advanced features in trailers, including improved fuel efficiency, enhanced safety systems, and the integration of electronic components for better control and monitoring. Additionally, the trend toward autonomous capabilities and emission standardization will further drive market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/