China’s Truck Trailer Market Was The Largest In 2017
Added: (Tue Dec 11 2018)
Pressbox (Press Release) -
Truck trailers are non-automotive freight vehicles that are to be drawn by motor truck. The truck trailer manufacturing industry comprises establishments primarily engaged in manufacturing truck trailers, truck trailer chassis, cargo container chassis, detachable trailer bodies, and detachable trailer chassis for sale separately.
The usage of fiber laser in the manufacturing of truck trailers is a major trend in the truck trailer manufacturing industry. It is proven that usage of fiber laser doubles the productivity of trailer manufacturer's metal cutting process. The advantage truck trailer manufacturers have by using fiber laser is that they can have a higher extent of in-house control over trailer production and save the expense of putting work out to sheet metal subcontractors.
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The global truck trailer market size was valued at $26 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region in the market, accounting for two-fifth of the global market share. The market saw a growth due to the increase in new vehicle sales in rapidly developing countries such as China and India, owing to rise in disposable income, increased demand for vehicles, availability of credit and low fuel prices.
The market in the report is segmented into: automobile trailers, boat trailers, logging trailers and others truck trailers. The report also covers the semi truck trailer market and dump trailers industry.
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China was the largest country in the market, accounting for one-fifth of the global truck trailer market. China was followed by the USA and Germany as the next largest countries in the market.
The top five competitors in the market are: Great Dane Limited Partnership followed by Utility Trailer Manufacturing Co., Vanguard national trailer Corp., Fontaine Trailer Company and Wabash. Great Dane Limited Partnership, which was the largest competitor in the truck trailer industry, manufactures and distributes commercial transportation equipment. It offers dry and refrigerated trailers; truck bodies; steel, aluminium, and combo platform trailers; and aftermarket parts and services. The company is based in Chicago, Illinois with an additional corporate office in Savannah, Georgia.
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