Global Automotive Trailer Market Shares, Strategies and Forecast Worldwide, 2020-2030
Automotive
Trailers is expected to reach 35795.72974 million USD by 2030 with a CAGR
of 3.5 % in the upcoming years.
The automobile industry
throughout the world is varied. Original equipment manufacturers (OEMs),
component manufacturers, dealerships, and commercial vehicle manufacturers are
all part of it. From expanding industrial and home markets in BRIC (Brazil,
Russia, India, and China) and other developing nations to research and
development of "greener" cars and fuels, there is room for expansion
in many sectors.Three main technology-driven disruptive developments are
driving the future of transportation: vehicle electrification, connected and
autonomous cars, and Mobility-as-a-Service.
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Automotive Trailer Market at https://www.decisionforesight.com/reports/automotive-trailer-market
Market Dynamics and
Factors:
Low interest rates and appealing
credit agreements will help China and other big markets recover. Infrastructure
expenditure spearheaded by the government will also boost sales of new CVs,
which will surpass those of automobiles. EVs, however, will be the most
promising growth sector, thanks to government subsidies, tighter pollution
standards, and the introduction of new EV models anticipate a rise in worldwide
EV sales. New mobility services may reduce private-vehicle sales, but this is
expected to be countered by increasing sales of shared cars, which need to be
replaced more frequently owing to greater usage and wear and tear.The general
good macroeconomic development, particularly the rising of the global consumer
middle class, remains the major engine of global automobile sales growth.
Market Segmentation:
On the basis of
trailer type, the market is segmented into dry van & box, refrigerator,
chemical & liquid, tipper, flatbed, and others. On the basis of axle type,
the market is segmented into the single axle, tandem axle, and three or more
than three axles. On the basis of vehicle type, the market is segmented into
two-wheeler & bike, passenger car, and commercial vehicles. Geographic
breakdown and analysis of each of the aforesaid segments includes regions
comprising North America, Europe, Asia-Pacific, and RoW.
Competitive Analysis:
Top players profiled in Global Automotive Trailer Market research
report are:
·
China International Marine Containers Co., Ltd
·
Schmitz Cargobull Aktiengesellschaft
·
Great Dane
·
Dennison Trailers Ltd.
·
Wabash National Corporation
·
Utility Trailer Manufacturing Company
·
Hyundai Motor Group
·
Böckmann Fahrzeugwerke GmbH
·
Ifor Williams Trailers Ltd.
·
Humbaur GmbH.
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Geographic Analysis:
The recovery in the United
States, Germany, and Japan will be rapid—but not fast enough to compensate for
the impact of the coronavirus epidemic. Only four countries—China, Turkey,
Taiwan, and Ukraine—will exceed yearly sales in 2019, and this will be partially
due to the fact that their car markets were already in decline before to the
epidemic, leaving them with a smaller foundation from which to recoup. Other
significant markets, such as China. Infrastructure expenditure spearheaded by
the government will also boost sales of new CVs, which will surpass those of
automobiles. EVs, however, will be the most promising growth sector, thanks to
government subsidies, tighter pollution standards, and the introduction of new
EV models.
In Europe, Honda is closing its
Swindon facility in the United Kingdom, which was formerly the company's only
EU vehicle plant. Around the same time, Nissan (also of Japan) will close a big
plant in Barcelona that specialises in electric vans and pickup trucks.
Suppliers for this and other facilities will suffer, and bankruptcies will
increase.The mega-merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA,
which will become Stellantis, will accelerate consolidation among global
manufacturers. Despite the fact that the two companies will have to step
carefully, their merger is expected to result in a reorganisation of
operations, notably in Europe. Given the problems of Brexit, PSA's UK plants
are particularly susceptible.
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