The Global Automotive Trailer Market size valued to USD 24.72 billion in 2019, is predicted to reach USD 35.10 billion by 2030, with a CAGR of 3.2% from 2020-2030. Automotive Trailers are fundamentally unpowered vehicles towed by powered vehicles and driven by a hitch. These trailers hold wide applications in transportation of goods & commodities, as well as in cargo transfers either nationally or internationally. These drawbar trailers are also utilized as recreational vehicles, travel trailers, or mobile homes with limited living facilities. Market Segmentations and Scope of the Study: The global automotive trailer market share is analysis is based on trailer type, axle type, vehicle type, and geography. Based on trailer type, the market is segmented into Dry Van & Box, Refrigerator, Chemical & Liquid, Tipper, Flatbed, and Others. Based on axle type, the market is fragmented into Single Axle, Tandem Axle, and Three or More Than Three Axle. Based on vehicle type, the market is divided into Two-wheeler & Bike, Passenger Car, and Commercial Vehicle. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW. Request
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https://www.nextmsc.com/automotive-trailer-market/request-sample Geographical Analysis North America is expected to account for the highest market share, dominating the global automotive trailer market throughout the forecast period. This is attributed to factors such as presence of key market players, increase in global trade, technological advancements and increase in R&D activities regarding product technologies. Asia Pacific is expected to gain traction over the forecast period owing to lower cost of trailers and rapid industrialization. Furthermore, increase in recreational activities, growing support by government authorities, and increase in disposable income is likely augment the growth of automotive trailer market in this region. Inquire before buying- https://www.nextmsc.com/automotive-trailer-market/inquirebefore-buying Competitive Landscape The automotive trailer market, which is highly competitive, consists of various market players. Some of the major market players include China International Marine Containers Co., Ltd, Dennison Trailers Ltd., Schmitz Cargobull Aktiengesellschaft, Humbaur GmbH, Wabash National Corporation, Böckmann Fahrzeugwerke GmbH, Great Dane, Ifor Williams
Trailers Ltd., Utility Trailer Manufacturing Company and Hyundai Motor Group among others. The past endeavors and futuristic advancements, sum-up to comprehend the overall growth of the automotive trailer market. For instance, in November 2019, one of the major market player Schmitz Cargobull introduced its high-volume rigid trucks with drawbar trailers and the popular power curtain tarpaulin. The MEGA versions of the M.CS rigid truck curtainsider and Z.CS central axle curtainsider drawbar trailer offer up to 500 kilograms extra payload; accompanied with optional lath-free POWER CURTAIN tarpaulin. The high-volume rigid truck and drawbar trailer combination offers space for up to 38 Euro pallets. Moreover, all bodies are manufactured in-line with the Schmitz Cargobull’s strict industrial quality standards. Furthermore, in December 2019, the well-known market player Dennison Trailers, manufacturing a wide range of trailers from more than 50 years, announced a new deal with Dyce Carriers, a haulage and logistics specialist based in Dyce, Aberdeen; to add 20 new oil spec platform skeletal trailers to its fleet. The deal aims at providing high-quality haulage for the clients and a commitment to first-rate services. About Us: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts. For more insights, please visit, https://www.nextmsc.com
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