Global Truck Trailer Manufacturing Market Report By Size, Type And Industry
Truck Trailer Manufacturing Market Characteristics:
The truck trailer manufacturing market includes companies manufacturing truck trailers, truck trailer chassis, cargo container chassis, detachable trailer bodies and detachable trailer chassis for sale separately. For example, automobile transporter trailers, boat transporter trailers, dump trailers, flatbed trailers, horse trailers, logging trailers, semi-trailers, and tank trailers. The utility trailer market and companies involved in manufacturing light-truck trailers and travel trailers are not included in this market.
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Companies Mentioned in The Truck Trailer Manufacturing Market:
- China International Marine Containers (Group) Ltd.,
- Schmitz Cargobull,
- Wabash National Corporation,
- Great Dane Limited,
- Utility Trailer Manufacturing Company.
Truck Trailer Manufacturing Market Size:
The global truck trailer manufacturing market is expected to grow at a high rate in the forecast period. This is mainly due to population expansion driving truck transportation - the global population is growing and is expected to reach about 10 billion by 2050, thereby indirectly driving the market for truck trailer manufacturing. Increase in population creates more demand for food, automobiles, infrastructure, and transportation. According to the American Trucking Association, trucks move about 71% of the nation`s freight, which is driven by population expansion in the country. population expansion is expected to be the biggest factor in increasing the demand for transportation in countries such as India, Brazil and African countries in the forecast period. Companies in the market are expected to witness a growth in demand for truck trailers from manufacturers of goods such as food, automotive, clothing, and other consumer goods in the forecast period, e-commerce growth - the growth in e-commerce will drive the truck trailer market.
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However, the market for truck trailer manufacturing is expected to face several restraints such as stringent emission regulations and narrowing the price-cost gap.
Trends In The Truck Trailer Manufacturing Market
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. Aluminum components, for instance, are being used to trim down the weight of trailers.
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Few Chapters from Table Of Content
- Truck Trailer Manufacturing Market Executive Summary
- Truck Trailer Manufacturing Market Size And Growth
- PESTEL Analysis
- Truck Trailer Manufacturing Market Segmentation
- Truck Trailer Manufacturing Market Regional And Country Analysis
- Asia-Pacific Truck Trailer Manufacturing Market
- North America Truck Trailer Manufacturing Market
- Western Europe Truck Trailer Manufacturing Market
- South America Truck Trailer Manufacturing Market
- Eastern Europe Truck Trailer Manufacturing Market
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