Trailer Surge Brake Market (2021 to 2027) – Growth, Trends, COVID-19 Impact and Forecasts

Trailer Surge Brake Market was valued at US$ 6.4 Bn. in 2021 and is estimated to grow at a CAGR of 8.7 % over the forecast period.
Trailer Surge Brake Market Overview:
The report explores the Trailer Surge Brake market's segments (Type, Interferometer Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Trailer Surge Brake market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Trailer Surge Brake market's contemporary competitive scenario.



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2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Trailer Surge Brake Market Dynamics:
Some of the features of these types of brakes that will drive the trailer surge brake market include the absence of a power supply and the use of the trailer's momentum to power the braking assembly. Likewise, hydraulic surge brakes operate by laws of physics, which cannot fail, so the failure susceptibility of these brakes is much lower. By improving the reliability of these brakes, various end-users may be more interested to purchase trailer surge brakes. In addition to offering simple assembly of the trailer with the towing vehicle, hydraulic surge brakes are relatively cheaper than electric brakes, which could contribute to better sales of trailer surge brakes.

Electric brakes are almost maintenance-free and could show effective performance without requiring repairs, while hydraulic surge brakes are more likely to require regular maintenance and repair. Due to this disadvantage, customers might be distracted and choose electric brakes over surge brakes, which could limit trailer surge brake sales. Additionally, electric brakes have greater braking power than electric surge brakes, and they are more effective in situations where a lot of brake power is required for trailers, such as instant stoppages. It is forecasted that these two factors will limit the growth of the trailer surge brake market over the coming years.

There are several advantages to using air and electric brakes today, which hinder the sale of trailer surge brakes. Since, there are a greater number of manufacturers of electric brakes. These manufacturers are also obligated to offer electric brakes at the lowest cost possible. This is because there is a reduction in the rates of electric brakes, which results in a diversion of customers and a reduced demand for trailer surge brakes.

Impact of COVID-19:

Due to lockdowns and shut down, there is a decline in the sales of Trailers Surge Braker Market. It affects production because of less manpower and in demand & supply chain which create the financial problem.

Trailer Surge Brake Market Trends:

There has been an increase in the use of trailers in various ways, including transportation of goods, ammunition, and heavy tanks by the navy and marines. Marines have suddenly increased the number of trailers they own, and many other armies are equipping them as well, so they can use them when needed. In a market where the demand is so high, trailers and trailer surge brakes will surely see tremendous growth.
Trailer Surge Brake Market Segment Analysis:
Based on Type, the Trailer Surge Brake Market is segmented into Drum Brakes, Disk Brakes, and Hydraulic Brakes.

Drum Brakes segment is dominating the market and it is forecasted that it will boost the market growth in the forecasted period. A semi-trailer's rear wheels have them installed over them, and they function when each axle's brake control is activated, causing the pressure pads inside the drum housing to press against a rotating surface, preventing it from rotating. The advantages of this type of brake are that they require less maintenance, they are easy to install, and they provide a better parking brake around curves. This is because they are compact compared to Disk brakes.



Based on Application, the Trailer Surge Brake Market is segmented into Marine Trailer, Automotive Semi-Trailer, Automotive Full-Trailer, RV Trailer, and Utility Trailer.

Marine trailer segment is dominating the market and it will boost the market growth in forecasted years. As the trailer surge brakes help prevent accidents involving vehicles and people, in the case of towing a boat or other vessel with a vehicle, trailer surge brakes will keep the vessel safe during transportation as drum brakes have a longer braking distance.
Trailer Surge Brake Market Regional Insights:
The North America region held the largest market share in 2021. Due to the increasing demand for semi-trailers, this region will be driven in the forecasted period. Because of technological advancements and an increase in the middle class in Latin America, the country will also experience exceptional growth over the next few years, resulting in a substantial increase in consumer spending on heavy-duty vehicles, including trailers with advanced braking systems, and therefore an increase in the demand for trailer brakes worldwide.

Over the forecast period, Europe is forecasted to experience moderate growth. The German automotive industry is the largest in Europe, and there has been a growth in demand for heavy-duty vehicles in this region. Consumer spending on high-end trailers equipped with Trailer Surge Brakes will grow in the forecasted period, increasing manufacturers' market share.

The Asia Pacific region is expected to witness significant growth in the forecast period. Technological advancements and the growth of middle classes increase consumer spending on heavy-duty vehicles including trailers, so there is an increased demand for trailer brakes around the world.

The objective of the report is to present a comprehensive analysis of the global Trailer Surge Brake Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Trailer Surge Brake Market dynamic, and structure by analyzing the market segments and projecting the Trailer Surge Brake Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Trailer Surge Brake Market make the report investor’s guide.
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Trailer Surge Brake Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2027


Historical Data:
2017 to 2021
Market Size in 2021:
US$ 6.4 Bn.


Forecast Period 2022 to 2027 CAGR:
5.3%
Market Size in 2027:
US$ 8.7 Bn.


 Segments Covered:
by Type
• Drum Brakes
• Disk Brakes
• Hydraulic Brakes


by Application
• Marine Trailer
• Automobile Semi-Trailer
• Automobile Full Trailer
• RV Trailer
• Utility Trailer



Trailer Surge Brake Market by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Trailer Surge Brake Market Key Players:
• Dexter Axle Company
• CURT Manufacturing LLC
• Demco
• TIE DOWN ENGINEERING
• Heritage Custom Trailers
• PJ Trailers
• Lippert Components Inc.
• Atwood
• Rigid Hitch.
• Croft Trailer Supply

Frequently Asked Questions:

1. What is the study period of the market?
Ans. The Global Trailer Surge Brake Market is studied from 2017-2027.

2. What is the growth rate of Trailer Surge Brake Market?
Ans. The Global Trailer Surge Brake Market is growing at a CAGR of 5.3% over next 6 years.

3. Which region has largest share in The Global Trailer Surge Brake Market?
Ans. North America holds the largest share.

4. What is the Global Trailer Surge Brake Market segment based on Type?
Ans. Based on type, The Global Trailer Surge Brake Market is divided into Drum Brakes, Disk Brakes, and Hydraulic Brakes.

5. Who are the key players in the Global Trailer Surge Brake Market?
Ans. Dexter Axle Company, CURT Manufacturing LLC, Demco, TIE DOWN ENGINEERING, Heritage Custom Trailers, PJ Trailers, Lippert Components, Inc., Atwood, Rigid Hitch, and Croft Trailer Supply