Shift To Lighter Trailers

The global truck trailer manufacturing market, a part of the transportation manufacturing industry, grew at a compound annual growth rate (CAGR) of around 7% during the historic period. The transportation manufacturing industry showed a steady growth. Urbanization has increased the demand for transportation; which has driven the truck trailer manufacturing market. Countries in the Sub-Saharan Africa, and East Asia and Pacific region witnessed the highest growth in urban population in the historic period

In the forecast period, the global truck trailer manufacturing market size is expected to be over $65 billion by 2021, growing at a CAGR of nearly 5%. This is expected due to the growing and is expected to reach about 10 billion by 2050, thereby indirectly driving the market for truck trailer manufacturing. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global truck trailer manufacturing market in the future.

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Trailer manufacturers are increasingly producing light-weight trailers to comply with changing regulations. The shift towards lighter trailers can be attributed to increasing pressures on trucking companies owing to rising fuel prices and stricter regulatory environment. Stricter greenhouse gas emission regulations are compelling manufacturers to use a higher percentage of lightweight components in the assembly of trailers.

Major companies in the truck trailer manufacturing market, offering lighter technology include China International Marine Containers (Group) Ltd., Schmitz Cargobull, Wabash National, Great Dane, Utility Trailer Manufacturing Company.

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Truck Trailers are non-automotive freight vehicles that are to be drawn by motor trucks. The truck trailer manufacturing industry comprises establishments primarily engaged in manufacturing truck trailers, truck trailer chassis, cargo container chassis, detachable trailer bodies, and detachable trailer chassis for sale separately.

The truck trailer market is segmented into Automobile Trailers; Boat Trailers; Logging Trailers; and Others - Truck Trailer.

Automobile Trailers industry comprises establishments primarily engaged in manufacturing motor vehicle bodies and cabs or manufacturing truck, automobile and utility trailers, truck trailer chassis, detachable trailer bodies, and detachable trailer chassis.

Boat Trailers industry comprises establishments primarily engaged in the manufacturing of new and used motor boats and other watercraft, marine supplies, and outboard motors.

Logging Trailers industry comprises establishments primarily engaged in manufacturing logging trailers.

Others - Truck Trailer industry comprises establishments primarily engaged in manufacturing truck trailers for other than automobile trailers, boat trailers and logging trailers.

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