By 2025, the global trailer market will grow at a rate of 10%-EIN Presswire

2021-11-24 03:50:38 By : Ms. Jie Shen

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2021 Global Trailer Market Report-COVID-19 Impact and Recovery

Business Research Company’s 2021 Global Market Trailer-COVID-19 Impact and Recovery

London, Greater London, United Kingdom, November 23, 2021/ The Business Research Company now and enjoy up to 33% discount on all market research reports!

According to the new market research report "2021 Trailer Global Market Report: COVID-19 Impact and Recovery" released by a business research company, the trailer market is expected to grow from US$51.41 billion in 2020 to US$53.99 billion in 2021, a compound annual growth rate. The rate (compound annual growth rate) is 5%. The growth was mainly due to the company rescheduling its operations and recovering from the effects of COVID-19, which earlier led to restrictive containment measures, including social distancing, remote work, and the closure of business activities, which brought to operations Challenge. It is estimated that by 2025, the market will reach 79.45 billion US dollars, with a compound annual growth rate of 10%. The global population continues to grow and is expected to reach approximately 10 billion by 2050, indirectly driving the trailer market.

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The trailer market includes trailers and related services sold by entities (organizations, individual traders, and partnerships) that manufacture trailers for the transportation of goods and materials. The trailer industry includes organizations that manufacture trailers, such as dry trucks, refrigerated trailers, tank trailers, flatbed trailers, low trailers, and other trailers.

Global trailer market trends Automation and sensor technology are increasingly used in the trailer industry to improve the efficiency of dump trailers. Automation technology allows the truck driver to automatically raise and lower the lifting shaft of the dump trailer to facilitate the loading and unloading process. The sensor technology reduces the possibility of overloading the trailer's fixed axle and tire wear through the use of intelligent algorithms. Automation and sensor control systems play a vital role in reducing the operating costs of transportation companies. Major industry players such as the East Manufacturing Company are providing self-deployed hoist axles and rear suspension tipping devices in trailers.

Global trailer market segmentation: The global trailer market is further segmented:

By type: dry truck, refrigerated trailer, tank trailer, flatbed trailer, low trailer, other trailers

By end use: paper and paper products, pharmaceuticals, textile products, food and groceries, agriculture and agricultural products, chemicals, petroleum and petroleum products, motor vehicles and motor vehicle parts, metals and minerals, commercial machinery, other products

By region: The global trailer market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, the Middle East and Africa. Among them, the Asia-Pacific trailer market accounts for the largest share of the global trailer market.

Read more about the global trailer market report:

The "2021 Trailer Global Market Report" is one of a series of new reports from The Business Research Company. The report provides an overview of the trailer market, analysis and forecasts of the global trailer market’s market size and growth, trailer market share, trailer market participants, Trailer segment and region, the revenue, overview and market share of the trailer market leading competitors. The trailer market report identifies major countries and market segments for opportunities and strategies based on market trends and leading competitors' methods.

Read the "2021 Global Trailer Market Report" by The Business Research Company for the following information:

Data breakdown: market size, global, by region and by country; historical and projected scale and growth rate of the world, 7 regions and 12 countries

Covered trailer market organizations: China International Marine Containers (Group) Co., Ltd., Schmitz Cargobull AG, Bernard Krone Holding SE & Co. KG, Wabash National Corporation, Utility Trailer Manufacturing Company.

Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, United States.

Interested in learning more about business research companies? Business Research Company has published more than 1,000 industry reports covering more than 2,500 market segments and 60 regions. These reports draw on 150,000 data sets, extensive secondary research, and exclusive insights from interviews with industry leaders. After the report was updated, it analyzed in detail the impact of COVID-19 on various markets.

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