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< The deleted user > 5 january
Light Car Trailers Market to Expand with Signi몭cant CAGR during 2031 According to the report, the global light car trailers market is projected to reach US$ 1.76 Bn by 2031, expanding at a CAGR of 2.74% during the forecast period. Car trailers have been one of the most popular products for the last few years. Most companies provide trailers that can suit most vehicles; be it a show car or race car, a 4-wheel drive (4WD) vehicle or anything equally large that needed to be moved, for personal or business needs. The most standard car trailer is limited to a gross trailer mass (ATM) of 2,000 kilograms, but can go as high as 2,800 or 3,200 kilograms without cutting into the trailer width. The bene몭ts of a light car trailer is the extra carriage capacity that it offers. Light car trailers provide an added advantage such as extra carriage capacity of the trailers, which can act as a key factor that boosts the market. A light car trailer increases the carrying capacity regardless of its size, as every inch of space from 몭oor to ceiling can be utilized. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php... Expansion of Light Car Trailers Market Increasing and expanding trade agreements among nations is anticipated to offer new opportunities to the light car trailers market in the near future. Additionally, heavy investment by emerging economies in improving their road transport infrastructure coupled with the expansion of transport routes and increasing volumes of transport goods is another key factor that is estimated to drive the light car trailers market across the globe. Improvement of road network transport and inclination toward development of industries over the years have led to signi몭cant adoption of road transportation. This is projected to propel the light car trailers market during the forecast period. In terms of type, the global light car trailers market has been bifurcated into utility light car trailers and recreational light car trailers. The utility light car trailers segment is expected to hold a dominant share of the global market. This can be attributed to the emergence of innovations related to the utility light car trailers. For instance, in October 2020, ATC Trailers launched an ultra-compact, high-output LED system for dry and refrigerated van