Flatbed Trailers Market Segmented By Capacity such as Below 25 Tons, 25.1 to 50 Tons, Above 50 Tons with Number of Axle such asLess than 3 axle, 3-4 axle, Above 4 axle used in Medium Trucks, Heavy Trucks Vehicles
Industry: Automotive
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32530
According to study, the flatbed trailers market is projected to witness growth of over 3% CAGR during the forecast period 2021- 2031. Demand for Flatbed Trailers will witness steady recovery in short-term period. These trailers are used on a large scale for transportation of goods and have high cargo carrying capacity. The growth of flatbed trailers market is attributed to the increase in transportation & logistics industry.
Flatbed trailers are used to transport heavy goods. Increase in road freight capacity for loading larger units in trailers is a driving factor for the market. These trailers come in different sizes according to the vehicle type and end user industry.
Over the forecast period, the market is likely to grow because of increasing demand for medium and heavy trucks in the coming years due to growth in industrialization and increasing use in the logistics sector. The sales for Trailer’s replacement parts as well as trailers for industrial use is likely to grow because of availability of replacement parts on E- commerce platforms for end- users with affordable prices.
These trailers are available to load cargo of various tonnage. These trailers are made long in length as they have to accommodate heavy machinery and have rugged features. These factors are also driving the trailer market.
COVID-19 has had a huge impact on the global sales of cng lng commercial vehicles. Production of vehicles declined in 2020 as the manufacturing facilities were closed due to lockdown. This also resulted in decline in sales for medium and heavy duty commercial vehicles in this year that impacted the overall industry.
The use of these trailers is not only limited to logistics industry, as it is used in construction or any general manufacturing and are useful for any important fleet operation. Increase in construction activities has boosted the trailer market as well.
US is one of the most lucrative markets for flatbed trailers. US and Canada have many manufacturers for trailers as they have a large construction industry in those countries due to growing urbanization. The manufacturing plants were closed in 2020 due to COVID-19 pandemic and hence the demand declined in that year. The automotive industry is slowly beginning to recover from the losses and is trying to regain lost business.
Manufacturers in this region provide customized trailers to their customers which is a major driver for the market in US and Canada. Manufacturers are providing light weight and high strength materials with high quality paint for the trailers. These features provided by manufacturers is a major growth driver for the trailer market in US.
Many countries in Asia Pacific region have witnessed a decline in economic activities due to COVID- 19, which has impacted the automotive industry as well. But the market is slowly recovering with the resume of manufacturing factories for vehicles and vehicle components in many countries. The trailer market will grow gradually in the forecasted years because of surge in construction activities in many developed and developing countries.
Countries like China, Japan and India will accelerate the growth of flatbed trailers market in the Asia Pacific region in coming years due to growing production of commercial vehicles in the region. Countries in Asia Pacific region have increased construction activities with increase in urbanization and high growing population which is driving the demand for automotive trailers axel in the region.
Some of the leading manufacturers and suppliers include
Many leading manufacturers are focusing on providing customized trailers with specific requirements for their customers. They focus on innovation and offering a broad range of products for different customer needs. The manufacturers use robust materials like all steel or aluminum steel combinations for making these trailers long lasting and of high quality.
By Capacity
By Number of Axle
By Vehicle Type
By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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