The report titled, “Truck Trailer Global Market Report 2018 Including: Automobile Trailers; Boat Trailers; Logging Trailers; Others-Truck Trailer Covering: Green Dane Limited Partnership, Utility Trailer Manufacturing Co., Vanguard national trailer Corp., Fontaine Trailer Company, Wabash” gives great insights inclusive of all the necessary information to the strategists, marketers and senior management such that they can well assess the global truck trailer market. It basically offers an outlay of the industry including several definitions, classifications, applications and industry chain structure and also, the market analysis is investigated in the report majorly for international markets which include development trends, competitive landscape analysis, and development status of key areas.
Truck trailers refer to the non-automotive freight vehicles that are to be drawn by motor trucks. The related manufacturing industry involves establishments which are majorly engaged in manufacturing truck trailers, truck trailer chassis, cargo container chassis, detachable trailer bodies, and detachable trailer chassis for sales to be done separately.
The industry research report covers the markets, namely: Automobile Trailers; Boat Trailers; Logging Trailers; and Other Truck Trailers across all regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. It provides comprehensive industry analysis covering- detailed company profiling, product picture and specifications, sales, market share and contact information of various international, regional, and local vendors of Global Truck Trailers Market.
The major players in this market across the globe include- Green Dane Limited Partnership, Utility Trailer Manufacturing Co., Vanguard national trailer Corp., Fontaine Trailer Company, and Wabash. The market competition has been noticed as emerging constantly along with the increase in technological innovation and mergers and acquisitions in the industry. Both local as well as regional competitors in the industry have come head to head with each other and a healthy competition can be witnessed wherein they are involving themselves in various activities associated with technological innovation in order to ultimately earn an edge over their competitors for searching the largest share of users and accordingly expanding their customer base; as a consequence of which, the new entrants in the market are facing difficulties in competing with the international vendors and maintaining proper standards of quality, reliability supported with enhancements in technology.
The global truck trailer market has been valued at somewhere around USD 25.3 billion in 2017 wherein Asia Pacific has been seen as the largest geographic region accounting for about 0.3% of the global market. In Asia Pacific, mainly China has shown growth in this industry and acquires a substantial share in the market. Moreover, it has been investigated that the usage of Fiber laser in production of truck trailers has sustained to be a key trend in the industry since it has managed to multiply the productivity levels of trailer manufacturer’s metal cutting process and has also allowed the workers to have in-house control over trailer production to a much better extent thereby cutting the overall expenses of putting work out to sheet metal subcontractors. Ultimately, it has ensured that machining is carried out at a rapid speed, being cost-effective and with more advancement in the near future; the industry is set to flourish.
By 2021, truck trailer production is anticipated to reach approximately 1.3 million units around the world due to expansion of the cold chain industry over the years and an augmentation in the use of advanced technologies promoting innovation. Also, with consistent improvements in the living standards of people; the demand for this industry is expected to continue mushrooming over the years.
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Ankur Gupta, Head Marketing & Communications