Market Highlights:
The landing gear for the truck trailer refers to retractablesupports that retain the height of the trailer while the tractor is removed. Tosupport the trailer after it is decoupled from the prime mover, a pair oflanding legs are mounted at the front end. Landing gear, also known as stabilizers,should have the sufficient ability to lift the loaded trailer, if necessary,with a gear system. The increasing demand for logistics creates a need fortrucks and trailers, which has had a positive effect on the truck landing gearmarket's growth. Furthermore, the growing trailer fleet and the high volume offoreign trade are also fueling the development of the truck landing gearmarket.
The global truck trailer landing gear market is anticipatedto register a CAGR of 4% during the forecast period, 2020 to 2026.
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Globally, the transport sector's transition and evolutioncan be attributed to the growth of the industrial and agricultural sectors,which in turn fuel demand for trailer trucks that are commonly used by fleetoperators to transport goods and material from one location to another. Duringthe forecasted period, these trends are primarily expected to drive the growthof the truck and trailer landing gear market.
Based on region, the truck trailer landing gear market hasbeen segmented into North America, Europe, Asia-Pacific, and the rest of theworld. Asia-Pacific is projected to dominate the trucktrailer landing gear market in the coming years, which can be attributed tothe increasing vehicle production and the presence of prominent playersoperating in this region. Furthermore, the increasing per capita disposableincome levels and the growing spending capacity contribute to the NorthAmerican and European markets' growth.
Global Truck Trailer Landing Gear Market has been segmentedby Operation, Lifting Capacity, Sales Channel, and Region.
Based on operation, the global truck trailer landing gearmarket is segmented into manual truck landing gear and automatic truck landinggear. The automatic truck landing gear segment is anticipated to grow at asignificant CAGR in the coming years.
By lifting capacity, the truck trailer landing gear markethas been split into less than 20,000 lbs, 20,000 lbs to 50,000 lbs, and morethan 50,000 lbs. The less than 20,000 lbs segment accounted for the largestmarket share and is anticipated to register a significant CAGR in the comingyears.
By sales channel, the global truck trailer landing gearmarket has been split into OEM and aftermarket. The OEM segment held a largermarket share and is anticipated to grow at a significant CAGR in the comingyears.
Global Truck Trailer Landing Gear Market is anticipated toregister a 4% CAGR between 2020 and 2026.
Scope of the Report
This report provides an in-depth analysis of the globaltruck trailer landing gear market, tracking three market segments across fourgeographic regions. The report studies key players, providing a six-year annualtrend analysis that highlights the market size and shares for North America,Europe, Asia-Pacific, and the rest of the world. The report also presents aforecast, focusing on the market opportunities for the next six years for eachregion. The scope of the study segments the global truck trailer landing gearmarket by operation, lifting capacity, sales channel, and region.
Operation
Manual Truck Landing Gear
Automatic Truck Landing Gear Steel
Lifting capacity
Less Than 20,000 lbs
20,000 lbs to 50,000 lbs
More Than 50,000 lbs
Sales channel
OEM
Aftermarket
By Region
North America
Asia-Pacific
Europe
Rest of the World
Key Players
TSW Alloy Wheels (US), Euromax Wheel (US), Maxion WheelsInc. (US), VOXX International Corporation (US), Mobile Hi-Tech Wheels Inc.(US), SotaOffroad (US), Status Wheels (TUFF A.T) (US), Fuel Offroad Wheels(US), Wheel Pros Holdings, LLC (US), and Topy Industries Limited (Japan) arethe key players operating in the global truck trailer landing gear market.
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