Global Automotive Trailer Market 2020 Industry Analysis, History Overviews, Trends and Forecast 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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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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