NEW YORK, Nov. 25, 2021 /PRNewswire/ -- The automotive trailer market is poised to grow by USD 4.99 bn from 2021 to 2026, progressing at a CAGR of 3.47%, according to Technavio. The report offers an updated analysis as well as exact growth variance and the Y-O-Y growth rate.
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The automotive trailer market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The automotive trailer market report covers the following areas:
Automotive Trailer Market 2022-2026: Segmentation
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Automotive Trailer Market 2022-2026: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.
The rapidly growing transportation and logistics industry, lower emissions of GHGs, and increase in re-creational activities will offer immense growth opportunities. However, high maintenance cost, reduced resale value, and protracted procurement of automotive trailers will challenge the growth of the market participants.
Automotive Trailer Market 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive trailer market, including Bockmann Fahrzeugwerke GmbH, China International Marine Containers (Group) Ltd., Dennison Trailers Ltd., Great Dane LLC, Humbaur GmbH, Hyundai Motor Group, Ifor Williams Trailers Ltd., MCR Safety, Schmitz Cargobull AG, and Wabash National Corp. Backed with competitive intelligence and benchmarking, our research report on the automotive trailer market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Automotive Trailer Market 2022-2026: Market Sizing
The market outlook has been developed by studying the combined impact of the factors driving market growth, along with challenges faced by the industry, to estimate a CAGR of 3.47% from 2020 to 2025. Modeling developing and high-growth markets is a challenge, given the uncertainties around the evolution of the market. Hence, Technavio started by developing an optimistic and pessimistic range and then used it to build a realistic estimate of the market size based on various market modeling techniques and inputs from industry participants. Mature markets are characterized by stable and high adoption rates. They have a moderate growth rate due to factors such as growth in the underlying population that can afford automobile vehicles, impact of demographic changes, and pricing pressure.
Automotive Trailer Market 2022-2026: Key Highlights
Automotive Trailer Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3.47%
Market growth 2022-2026
USD 4.99 billion
YoY growth (%)
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 39%
Key consumer countries
China, US, Germany, UK, and India
Leading companies, competitive strategies, consumer engagement scope
Bockmann Fahrzeugwerke GmbH, China International Marine Containers (Group) Ltd., Dennison Trailers Ltd., Great Dane LLC, Humbaur GmbH, Hyundai Motor Group, Ifor Williams Trailers Ltd., MCR Safety, Schmitz Cargobull AG, and Wabash National Corp.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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