Trailers Market Poised for Significant Growth Amidst Strategic Mergers and Regional Developments

The Trailers Market is on an impressive growth trajectory, with projections indicating a Compound Annual Growth Rate (CAGR) of 6% from 2024 to 2030. This surge is expected to elevate the market valuation from US$ 35.73 billion in 2023 to approximately US$ 53.72 billion by 2030.

Competitive Landscape :

The trailers industry is characterized by intense competition, with key players continually striving for innovation and market expansion. Notable companies include Faymonville Group, which, in 2017, expanded its portfolio by acquiring Cometto, a leader in Self-Propelled Modular Transporters (SPMT) and industrial transporters. Such strategic moves underscore the dynamic nature of the market and the emphasis on enhancing product offerings to meet diverse transportation needs.

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Regional Demand :

 

Asia Pacific: Growth in Trailer Demand

The Asia Pacific region held the largest revenue share of 39.1% in 2022 and is expected to expand at the fastest CAGR during the forecast period. The regional market is mainly driven by emerging economies such as India and China, which comprise large supply chains and logistics networks and are among the fastest-growing economies globally. Moreover, the growing e-commerce industry in the region is anticipated to surge the demand for dry vans and trailers in the coming years.

 

Middle East and Africa: Emerging Opportunities

The Middle East and Africa region is witnessing emerging opportunities in the trailers market, driven by infrastructural developments and the expansion of the logistics sector. The growing emphasis on enhancing transportation networks is expected to boost the demand for various types of trailers in the coming years.

Recent Mergers and Acquisitions

The logistics sector is witnessing a resurgence in mergers and acquisitions as the previously volatile pandemic-era freight market stabilizes. This new stability is providing the necessary benchmarks for consensus on valuations, leading to increased deal activity. Stable earnings and rationalized valuations over the past year have facilitated significant deals such as DSV's acquisition of DB Schenker for over $12 billion and UPS's sale of Coyote Logistics to RXO for just over $1 billion. While the volume of smaller deals decreased significantly last year, the first half of this year saw an increase in transactions over $100 million. This renewed M&A activity is driven by both strategic investors and private-equity firms, who are taking advantage of the more stable market conditions and a recent pullback in interest rates.

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Market Segmentation: In-Depth Analysis:

by Type

Enclosed Trailers
Dump Trailers
Tank Trailers
Flatbed Trailers
Other Trailers

Over the course of the projection period, the Enclosed Trailers segment is anticipated to rise at the greatest CAGR. Investing in an enclosed trailer offers a number of benefits. Storage, security, and protection are the three most commonly utilized. Because enclosed trailers include a ceiling from which equipment hangs and side walls where shelving is placed, they offer you the largest storage area available. Additionally, the fully enclosed style protects your possessions from weather and intruders. Enclosed trailers protect your equipment from potentially harmful elements like rain, snow, sun, dirt, and more. At the same time, they provide a higher level of security. It is extremely difficult for someone to steal anything from your trailer when you lock the doors.

by End-Use

Logistics
Paper And Paper Types
Pharma Drugs
Textile Types
Food and groceries
Agriculture And Farm Types
Petroleum And Petroleum Types
Motor Vehicle And Motor Vehicle Parts
Metal And Minerals
Commercial Machinery
Other Types

Over the course of the projected period, logistics is anticipated to increase at the greatest CAGR. In the logistics sector, road transportation is the most widely used method due to its greater cost advantages over alternative modes. Logistics is therefore one of the primary end markets for car trailers. Additionally, the rapid growth of the industrial, agricultural, electronics, textile, and apparel sectors is driving increasing demand for logistics and supply chain services. Furthermore, most companies depend on third-party logistics types to lower fleet investments, cut labor, and guarantee that various types of tanks, flatbeds, and containers are available when needed.

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Learn about the top players driving innovation in the Market :

1. Hyundai Motor Company
2. Great Dane LLC
3. Randon SA Implementos E Part
4. EnTrans International, LLC
5. MANAC Inc.
6. CIMS
7. Fujian Chnagchun
8. Shandong Union
9. Shekou Port
10.Hua-Win
11.Cargobull
12.Schmitz
13.Ashok Leyland
14.Tata International
15.Asia Motor Works
16.Satrac
17.Tratec Eng.
18.Mammut Industries
19.Maxi Trans
20.al-Kadi

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