Automotive Trailer Market: Global Industry Analysis and Forecast (2023-2029)

Automotive Trailer Market was valued at US$ 22.33 Bn. in 2022 and the total revenue is expected to grow at 3.9% of CAGR through 2023 to 2029, reaching nearly US$ 29.19 Bn.
Automotive Trailer Market Overview:
The automotive trailer is a type of container or a long rear that is pulled by a car or other vehicles and which used for transporting large or heavy goods. These automotive trailers are sold in the piece. Trailers are used for personal work with any motorized vehicle equipped with a suitable attachment, as well as freight transportation with semi-trailer vehicles that are part of larger trucks. Depending on the requirements, automobile trailers come in single and multiple-axle configurations such as utility trailers, trip trailers, or campers. Automotive trailers are commonly used to transport a variety of things such as large cargo, bicycles, lifeboats, fish bots, and mobile houses.

As per the Freight Transportation survey the automotive trailer seal is expected to have 26,500 trailer orders in December 2022 globally. This is an 18% decline from the previous month and a 42% decrease from the same month last year. According to MMR estimation, 249,000 units were sold in 2022, compared to 297,000 in 2020 and 203,000 in 2019 globally. The market for automotive travel trailers is vast, competitive, and well-established. The report covered detailed analyses of the automotive trailer market strategy and competitive landscape in detail by region.

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Automotive Trailer Market Dynamics:
Programs and policies to speed up the adoption of trailer fuel-saving technologies

Many countries and regions throughout the world have created strategies and laws to enhance the environmental performance of heavy-duty tractor-trailer fleets in response to the growing negative effects of the trucking industry on local air quality and climate change. Governments and the private sector should work together to minimize emissions and fuel use of automotive trailer market growth.

The EPA announced plans on August 5, 2022, to reduce greenhouse gas (GHG) emissions and other dangerous air pollutants from heavy-duty vehicles over the course of the following three years. The first regulation of the Clean Trucks Plan, outlined in a proposal issued on March 28, 2023 , is focused on decreasing criteria pollutant emissions and would be applicable to heavy-duty vehicles starting in 2027.

The first will concentrate on light- and medium-duty vehicles and deal with the multi-pollutant emissions, including as greenhouse gas emissions, for commercial pickup trucks and vans with model years 2027 and after. The second will concentrate on greenhouse gas emissions for heavy-duty engines and cars with model years 2030 and beyond.

The EPA will have the opportunity to carefully consider how zero-emission vehicle technology should be included into the regulatory framework over the long run through these two future commercial vehicle rulemakings. The first will concentrate on light- and medium-duty vehicles and deal with the multi-pollutant emissions, including as greenhouse gas emissions, for commercial pickup trucks and vans with model years 2027 and after. The second will concentrate on greenhouse gas emissions for heavy-duty engines and cars with model years 2030 and beyond. These two upcoming commercial vehicle rulemakings will provide an opportunity for EPA to fully consider how zero-emission vehicle technologies should be incorporated into the regulatory framework over the long term. As a result, these factors are expected to boost the automotive trailer market growth through the forecast period.

Programs and policies that promote the development and deployment of trailer fuel-saving technologies to drive the automotive trailer market growth



Program or policy
Example(s)
Description
Point of influence/regulation
Key elements and considerations


Green freight programs
1 SmartWay Transport Partnership
2 Green Freight Europe
3 ECO Stars Fleet Recognition
4 Lean and Green
These market-based programs are typically public-private partnerships that aim to increase efficiency and reduce fuel use and emissions from trucking fleets and supply chains
1 Carriers
2 Shippers
3 OEMs
4 Suppliers
1 Establishing procedures for data collection and benchmarking
2 Technology verification testing
3 Disseminating technology and operational best practices


In-use efficiency or technology requirements
California’s tractor-trailer greenhouse gas regulation
Starting in 2010, this regulation has required any trucking fleet operating in California to have SmartWay-verified equipment on both tractors and trailers.
Carriers
1 Determining baseline technology uptake
2 Creating allowances and exceptions for special equipment types and fleets
3 Maintaining list of verified technologies and default fuel savings levels
4 Special provisions for small fleets
5 Compliance and enforcement


New trailer performance standards
Regulation for new trailer efficiency in the U.S. (final) and Canada (proposed)
As part of Phase 2 regulation in the U.S. and Canada, trailer manufacturers are required to meet increasingly stringent efficiency targets using combinations of aerodynamic, tire, and weight reduction technologies.
1 OEMs
2 Suppliers
 Determining baseline efficiency levels
Creating regulatory subcategories for various types and sizes of trailers
Test procedures for evaluating individual technologies
Certification protocols
Special provisions for small businesses
Compliance and enforcement



Trailer fule saving Technology creating a new opportunity for the automotive trailer market player

Over the past ten years, a number of fuel-saving innovations for trailers have been developed. The most popular innovations are those that minimize rolling resistance, such as better tire designs, and aerodynamic accessories like the trailer, and techniques for managing inflation. According to a recent study, European adoption of trailer efficiency technology has lagged behind American adoption.

Canada and the U.S. Some of the causes of the European market's slower growth include a more immature market for trailer aerodynamics, slower average highway speeds, and technologies, as well as the absence of any effective legislative actions to advance technology deployment. But despite these and other obstacles, the ICCT predicts that the application can save up to 12% on fuel by 2030 with the application of trailer aerodynamic, tire, and weight reduction technologies. As a result, these factors are expected to boost the growth of the automotive trailer market during the forecast period.
Automotive Trailer Market Segment Analysis:
Based on Type, The Automotive Trailer Market is segmented into Two-wheeler & Bike, Passenger Cars, and Commercial vehicles. A commercial vehicle is expected to dominate the automotive trailer market during the forecast period. A commercial trailer is driven by increasing demand for fresh and nutritious food delivery, cost reductions in road transportation modes, and simplicity of transportation, demand for commercial trailers will increase. Increased logistical commerce, urbanization, industry activity, the demand for efficient transportation, and the development of rural area road networks will all create new opportunities in this dynamic sector. Increased logistical commerce, urbanization, industry activity, the demand for efficient transportation, and the expansion of rural area road networks will all create new opportunities in this dynamic sector. Rapid urbanization and growing dependence on road transportation would enhance building activities and infrastructure in emerging countries like India, china fueling market demand for trailers. Most developing countries that rely heavily on road transportation, such as transportation of commodities, fresh food items, and raw materials for manufacturing facilities, enhance commercial truck trailer potential and promote automotive trailer market growth.

Key regional commercial Automotive Trailers Markets in Europe are dominated by local OEMs -Top 5 players typically account for >70% of productionBased on the Application, the Automotive Trailer Market is segmented into Dry Vans & boxes, refrigerators, chemicals & liquids, Tippers, flatbeds, and Others. Drvansan and boxes held the largest market share in 2022. Transporting non-perishable goods requires the use of an enclosed trailer called a dry van trailer. These trailers have shutters and are totally enclosed. As a result, cargo is protected from external factors. Dry vans can only transport non-perishable goods since they lack temperature control. Dry van trailers are made to haul heavy goods, freight, and machinery that don't need refrigeration. A trailer that is protected from the impacts of the elements and other variables is referred to as a "dry van." Most dry van trailers have a towing capacity of 43,000 to 45,000 pounds. Over the period of 2022–2029, the growth of Dry Van Trailer will be fueled by the increasing need for freight transportation. However, the automotive trailer market for dry vans is still being constrained by an increase in fatal accidents.

Dry vans have long been the most popular and in-demand piece of freight transporting equipment. These trailers are quite prevalent; however, demand remains strong, resulting in capacity constraints. The crunch is mainly caused by a lack of available dry van trailer capacity. Due to the significant development of the retail sector in recent years, shippers have had considerably more capacity available to them, yet dry vans remain the most in-demand trailer by default. As a result, the need for dry van trailers in Freight is increasing, which in turn, driving automotive trailer market growth.
Regional Insights:
The Europe automotive trailer market dominated the market with a 49% share in 2022. Europe has about 2000 billion kilometers of the road network and is continuously proving its importance in the commercial truck trailer industry. Roads account for 60% to 70% of all transportation in this region. The e-commerce industry is growing faster in Europe than in other countries, and advancements in the e-tailing sector have seen well-organized retail spaces to stimulate global demand. Constant growth forecasts have shown noticeable changes in the European commercial truck industry, and similar patterns are expected to be observed during the forecast period.

Registrations for new trailers began to rise again in Germany and the Netherlands in April 2022. This includes catch-up investment as fleet owners' confidence returned and market prospects improved. Given the 2022 rolling start, we anticipate an 8% year-on-year increase in new semi-trailer registrations in FY21, followed by a bigger recovery in 2023. As a result, these factors are driving growth of the automotive trailer market in Europe.

Average annual production of the top 10 trailer manufacturers in the European Union, 2010–2016, and 2017–2021. 



Manufacturer
Average annual production (2010–2016)
Average annual production (2017–2021)


Schmitz Cargobull
41,654
48,454


Krone
26,420
30,622


Kögel
10,488
11,235


Wielton S.A
4,802
11,481


SDC
5,984
8,070


LeciTrailer
3,174
5,265


Schwarzmüller
3,536
4,940


Fliegl
2,890
3,813


Van Hool
2,435
3,023


Montracon
2,801
3,084



Many prominent industrial companies in Europe are focusing on developing innovative trailers with the maximum capacity to transport large items while consuming the least amount of energy. Players have planned their global footprint and added considerable potential to keep the industry growing.
Automotive Trailer Market Market Scope: Inquire before buying



Automotive Trailer Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 22.33 Bn.


Forecast Period 2023 to 2029 CAGR:
3.9%
Market Size in 2029:
US $ 29.19 Bn.


 Segments Covered:
by Vehicle Type
Two-wheeler & Bike
Passenger Car
Commercial Vehicle


by Trailer Type
Dry Van & Box
Refrigerator
Chemical & Liquid
Tipper
Flatbed
Others


by Axle Type
Single Axle
Tandem Axle
Three or More Than Three Axle



Automotive Trailer Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players are:
1. Great Dane (US)
2. Wabash National Corp (US)
3. Utility Trailer Manufacturing (US)
4. Fontaine Commercial Trailer (US)
5. HLT Limited (US)
6. Load Rite Trailers, Inc (US)
7. East Manufacturing Company (US)
8. felling trailers (US)
9. Hyundai Translead (US)
10.Kentucky Trailer (US)
11.MAC Trailer Manufacturing (US)
12.Fruehauf (Mexico)
13.Deopker Industries Limited (Canada )
14.Manac (Canada)
15.Ifor Williams Trailers (UK)
16.Dennison Trailers Ltd (UK)
17.Bockmann Fahrzeugwerke Gmbh (Germany)
18.Humbaur GmbH (Germany)
19.Schmitz Cargobull (Germany)
20.Heil Trailer International (Greece)
21.Hyundai Motor Group (South Korea)
22.China International Marine Containers (China)

Frequently Asked Questions:

1] What segments are covered in the Global Automotive Trailer Market report?
Ans. The segments covered in the Automotive Trailer Market report are based on Vehicle Type, Trailer Type, Axel Type and Region.

2] Which region held the highest share in the Automotive Trailer Market?
Ans. The Europe was dominant in 2022 with 49% of Shares in the Automotive Trailer Market.

3] What is the market size of the Global Automotive Trailer Market by 2029?
Ans. The market size of the Automotive Trailer Market by 2029 is expected to reach US$ 29.19 Bn.

4] What is the forecast period for the Global Automotive Trailer Market?
Ans. The Automotive Trailer market is forecast from 2023-2029.

5] What was the market size of the Global Automotive Trailer Market in 2022?
Ans. The market size of the Automotive Trailer Market in 2022 was valued at US$ 22.33 Bn.