Automotive trailer market size to grow by USD 6.25 billion from 2022 to 2027: Highlights on COVID-19 analysis, recovery, and latest trends - Technavio

NEW YORK, Feb. 7, 2023 /PRNewswire/ -- The global automotive trailer market size is estimated to increase by USD 6.25 billion between 2022 and 2027. However, the market's growth momentum will decelerate at a CAGR of 3.91%. COVID-19 had the most negative impact on the global automotive industry in recent years, resulting in a steep fall in demand and a large-scale disruption of the supply chain. This exerted intense pressure on an already-stressed global automotive market. However, few countries are bringing manufacturing facilities and production back on track, indicating that the supply side is on a restoration line. For more insights on the automotive trailer market -  Request a sample report

Key trends - Advances in product technologies are a major trend in the market. Technologies such as telematics, electrification, digitalization, and autonomous driving are renovating and transforming automotive trailers. Digital technologies are expected to create new opportunities, such as advanced trailer telematics and artificial intelligence-based optimization, which will reduce carbon emissions, traffic congestion, utilization, and overall operating costs. The installation of advanced devices such as temperature recorders with built-in global mobile communication (GSM)/global positioning system (GPS) modem and remote temperature monitoring in refrigerated trailers helps trailer owners and fleet managers in real-time monitoring. Such technological advances are expected to provide growth opportunities for market expansion during the forecast period. To know more - Buy the report!

Automotive trailer market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Automotive trailer market – Vendor analysis
Vendor landscape –

The global automotive trailer market is fragmented, with the presence of several international and domestic vendors. A few prominent vendors that offer automotive trailers in the market are ACPS Automotive GmbH, Big Tex Trailer Manufacturing LLC, Bockmann Fahrzeugwerke GmbH, Brian James Trailers Ltd., China International Marine Containers Group Ltd., Dennison Trailers Ltd., Europe Trailers Pty Ltd., Great Dane LLC, Heil Trailer International, Humbaur GmbH, Hyundai Motor Group, Ifor Williams Trailers Ltd., Kentucky Trailer, MAXX-D Trailers, MCR Safety, Miller Industries Inc., Pace American Trailers, Premier Trailer Mfg. Inc., Schmitz Cargobull AG, and Wabash National Corp. and others.

The market is subject to rapidly changing consumer demands and preferences. The changing consumer consumption pattern, consumer tastes, global and regional economic conditions, and other demographic trends may affect vendor performance. Changing economic conditions are also affecting end-users' living standards, which can affect businesses. Vendors compete based on several factors, such as quality, price, service, brand image, distribution, and marketing. In addition, major vendors are focusing on acquiring other small brands to increase their market presence.

Vendor offerings -

• ACPS Automotive GmbH - The company offers an automotive removable receiver, which is used for trailer movement.
• Big Tex Trailer Manufacturing LLC - The company offers a single axle vanguard trailer, which is designed to carry out heavyweight cargo.
• Brian James Trailers Ltd. - The company offers open transport trailer, which is designed to carry out racing vehicles.
• China International Marine Containers Group Ltd. - The company offers an automotive trailer, which is used to carry and transfer dry cargo items.

Automotive trailer market - Segmentation assessment

Segment overview
Technavio has segmented the market based on type (dry trailers, refrigerated trailer, tank trailer, flatbed trailers, and others) and vehicle type (commercial vehicle, passenger car, and two-wheeler and bicycle). 

• The dry trailers segment will account for a significant share of the global market during the forecast period. A dry trailer is an enclosed box that is used to transport non-perishable goods, including food and beverages, household goods, clothing, plastic, and construction materials. Dry trailers are the most commonly used equipment owing to their versatility. Therefore, the advantages of dry trailers are expected to drive the growth of this segment during the forecast period.

Geography overview
Based on geography, the global automotive trailer market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive trailer market.

• APAC is estimated to account for 53% of the growth of the global market during the forecast period. China and India have the highest share of the automotive engine market in APAC in terms of production volume due to the presence of a large automotive production base. The demand for automotive trailers is expected to increase in countries such as China, Australia, Japan, India, and South Korea. Moreover, with the reduction in the prices of components and the availability of more stable and advanced systems, more low-cost manufacturers are expected to enter the market in the region, especially in China, during the forecast period.

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Automotive trailer market – Market dynamics

Leading drivers - The rapidly growing transportation and logistics industry is driving market growth. Road transport is the most frequently used mode of transport in the logistics sector owing to its cost advantage. Therefore, the logistics industry is important for automotive trailers. The expansion of the manufacturing, agriculture, electronics, textile, and clothing industries has also increased the demand for logistics and supply chain services. Moreover, most companies also rely on external logistics companies to lower their investment in vehicle fleets, miniaturization, and availability of different types of containers, tanks, and flatbeds, depending on their needs. These factors are expected to drive the growth of the market during the forecast period.

Major challenges - The high maintenance cost is challenging the market. The average service life of a new trailer is 15 years. However, car trailers have air suspension and are more expensive than traditional trailers. The maintenance costs increase if the suspension is used for more than three years. Moreover, refrigerated trailers have numerous components that need regular maintenance, such as compressors, condensers, and evaporators, which further increases maintenance costs. Such factors will hinder the growth of the market during the forecast period.

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this automotive trailer market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the automotive trailer market between 2023 and 2027
• Precise estimation of the size of the automotive trailer market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the automotive trailer market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of automotive trailer market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive trailer market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global automotive trailer market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Vehicle type Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Dry trailers - Market size and forecast 2022-2027
• Exhibit 34: Chart on Dry trailers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Dry trailers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Dry trailers - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Dry trailers - Year-over-year growth 2022-2027 (%)

• 6.4 Refrigerated trailer - Market size and forecast 2022-2027
• Exhibit 38: Chart on Refrigerated trailer - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Refrigerated trailer - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Refrigerated trailer - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Refrigerated trailer - Year-over-year growth 2022-2027 (%)

• 6.5 Tank trailer - Market size and forecast 2022-2027
• Exhibit 42: Chart on Tank trailer - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Tank trailer - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Tank trailer - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Tank trailer - Year-over-year growth 2022-2027 (%)

• 6.6 Flatbed trailers - Market size and forecast 2022-2027
• Exhibit 46: Chart on Flatbed trailers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Flatbed trailers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Flatbed trailers - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Flatbed trailers - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Type 
• Exhibit 54: Market opportunity by Type ($ billion)

7 Market Segmentation by Vehicle Type

• 7.1 Market segments 
• Exhibit 55: Chart on Vehicle Type - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Vehicle Type - Market share 2022-2027 (%)

• 7.2 Comparison by Vehicle Type 
• Exhibit 57: Chart on Comparison by Vehicle Type
• Exhibit 58: Data Table on Comparison by Vehicle Type

• 7.3 Commercial vehicle - Market size and forecast 2022-2027
• Exhibit 59: Chart on Commercial vehicle - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Commercial vehicle - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Commercial vehicle - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Commercial vehicle - Year-over-year growth 2022-2027 (%)

• 7.4 Passenger car - Market size and forecast 2022-2027
• Exhibit 63: Chart on Passenger car - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Passenger car - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Passenger car - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Passenger car - Year-over-year growth 2022-2027 (%)

• 7.5 Two-wheeler and bicycle - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Two-wheeler and bicycle - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Two-wheeler and bicycle - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Two-wheeler and bicycle - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Two-wheeler and bicycle - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Vehicle Type 
• Exhibit 71: Market opportunity by Vehicle Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 101: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027
• Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 113: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 114: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 115: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 ACPS Automotive GmbH 
• Exhibit 124: ACPS Automotive GmbH - Overview
• Exhibit 125: ACPS Automotive GmbH - Product / Service
• Exhibit 126: ACPS Automotive GmbH - Key offerings

• 12.4 Big Tex Trailer Manufacturing LLC 
• Exhibit 127: Big Tex Trailer Manufacturing LLC - Overview
• Exhibit 128: Big Tex Trailer Manufacturing LLC - Product / Service
• Exhibit 129: Big Tex Trailer Manufacturing LLC - Key offerings

• 12.5 Bockmann Fahrzeugwerke GmbH 
• Exhibit 130: Bockmann Fahrzeugwerke GmbH - Overview
• Exhibit 131: Bockmann Fahrzeugwerke GmbH - Product / Service
• Exhibit 132: Bockmann Fahrzeugwerke GmbH - Key offerings

• 12.6 Brian James Trailers Ltd. 
• Exhibit 133: Brian James Trailers Ltd. - Overview
• Exhibit 134: Brian James Trailers Ltd. - Product / Service
• Exhibit 135: Brian James Trailers Ltd. - Key offerings

• 12.7 China International Marine Containers Group Ltd.
• Exhibit 136: China International Marine Containers Group Ltd. - Overview
• Exhibit 137: China International Marine Containers Group Ltd. - Business segments
• Exhibit 138: China International Marine Containers Group Ltd. - Key offerings
• Exhibit 139: China International Marine Containers Group Ltd. - Segment focus

• 12.8 Dennison Trailers Ltd. 
• Exhibit 140: Dennison Trailers Ltd. - Overview
• Exhibit 141: Dennison Trailers Ltd. - Product / Service
• Exhibit 142: Dennison Trailers Ltd. - Key offerings

• 12.9 Europe Trailers Pty Ltd. 
• Exhibit 143: Europe Trailers Pty Ltd. - Overview
• Exhibit 144: Europe Trailers Pty Ltd. - Product / Service
• Exhibit 145: Europe Trailers Pty Ltd. - Key offerings

• 12.10 Great Dane LLC 
• Exhibit 146: Great Dane LLC - Overview
• Exhibit 147: Great Dane LLC - Product / Service
• Exhibit 148: Great Dane LLC - Key offerings

• 12.11 Heil Trailer International 
• Exhibit 149: Heil Trailer International - Overview
• Exhibit 150: Heil Trailer International - Product / Service
• Exhibit 151: Heil Trailer International - Key offerings

• 12.12 Humbaur GmbH 
• Exhibit 152: Humbaur GmbH - Overview
• Exhibit 153: Humbaur GmbH - Product / Service
• Exhibit 154: Humbaur GmbH - Key offerings

• 12.13 Hyundai Motor Group 
• Exhibit 155: Hyundai Motor Group - Overview
• Exhibit 156: Hyundai Motor Group - Business segments
• Exhibit 157: Hyundai Motor Group - Key offerings
• Exhibit 158: Hyundai Motor Group - Segment focus

• 12.14 Ifor Williams Trailers Ltd. 
• Exhibit 159: Ifor Williams Trailers Ltd. - Overview
• Exhibit 160: Ifor Williams Trailers Ltd. - Product / Service
• Exhibit 161: Ifor Williams Trailers Ltd. - Key offerings

• 12.15 MCR Safety 
• Exhibit 162: MCR Safety - Overview
• Exhibit 163: MCR Safety - Product / Service
• Exhibit 164: MCR Safety - Key offerings

• 12.16 Schmitz Cargobull AG 
• Exhibit 165: Schmitz Cargobull AG - Overview
• Exhibit 166: Schmitz Cargobull AG - Product / Service
• Exhibit 167: Schmitz Cargobull AG - Key offerings

• 12.17 Wabash National Corp. 
• Exhibit 168: Wabash National Corp. - Overview
• Exhibit 169: Wabash National Corp. - Business segments
• Exhibit 170: Wabash National Corp. - Key news
• Exhibit 171: Wabash National Corp. - Key offerings
• Exhibit 172: Wabash National Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 173: Inclusions checklist
• Exhibit 174: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 175: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 176: Research methodology
• Exhibit 177: Validation techniques employed for market sizing
• Exhibit 178: Information sources

• 13.5 List of abbreviations 
• Exhibit 179: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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