Automotive trailers are used with carriage vehicles to increase their load carrying capacity. Trailers are towed by hitches and then further attached with trucks, sport utility vehicles and traction engines. Various goods and materials such as heavy cargo, modular constructions, and livestock among others are transported using automotive trailers. Recently, the demand for light weight automotive trailers has increased significantly owing to cost-efficiencies it offers. This has led to rise in production of aluminium based automotive trailers.According to AMA, the market for Automotive Trailer is expected to register a CAGR of 3.56% during the forecast period to 2024. This growth is primarily driven by Growing Need to Increase Carriage Capacity to Obtain Fuel-efficiency and Increasing Use of Automotive Trailer in End-user Industries such as Logistics, Construction, and Livestock Transportation.
Globally, a noticeable market trend is evident Growing Demand for Automotive Trailer Which has Less-maintenance
. Major Vendors, such as China International Marine Containers Co., Ltd (China), Schmitz Cargobull Aktiengesellschaft (Germany), Wabash National Corporation (United States), Great Dane Trailers (United States), Dennison Trailers Ltd. (United Kingdom), Utility Trailer Manufacturing Company (United States), Hyundai Motor Group (South Korea), Humbaur GmbH (Germany), Ifor Williams Trailers Ltd. (United Kingdom) and Böckmann Fahrzeugwerke GmbH (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Growing Need to Increase Carriage Capacity to Obtain Fuel-efficiency
- Increasing Use of Automotive Trailer in End-user Industries such as Logistics, Construction, and Livestock Transportation
- Growing Demand for Automotive Trailer Which has Less-maintenance
- Increasing Sales of Aluminium Made Automotive Trailer Owing to Its Light Weight
- High Cost and Complexity Associated with Maintenance of Automotive Trailer
- Regulatory Prohibition Regarding Operation of Automotive Trailers in Big Cities
Rapidly Growing Logistics Industry
Issue of Corrosion and Rustiness with Steel Made Automotive Trailer and High Initial Cost Involved in Manufacturing of Automotive Trailer
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