Portland, OR -- (SBWIRE) -- 06/27/2017 -- Automotive Trailers are the unpowered vehicles towed by a powered vehicle with the help of a hitch. Trailers are used to transport goods and commodities from one place to another. Also, they are used for recreational purposes by people to carry their luggage, fishing boat, bicycles and as mobile homes with limited living facility. These trailers are majorly used by cargo companies to transfer their goods either nationally or internationally. Moreover, construction companies use automotive trailers at a notable rate to transfer construction materials from factory to the construction site. North America witnesses a high demand for automotive trailers owing to the applications in transport, construction, and manufacturing industry.

KEY PLAYERS IN THE VALUE CHAIN

-Humbaur GmbH, (Germany)
-Miller Industries Inc. (U.S.)
-Wabash National Corporation (U.S.)
-Kgel Trailer GmbH & Co., (Germany)
-Bckmann Fahrzeugwerke GmbH, (Germany)
-Dennison Trailers Ltd (U.K.)
-Ifor Williams Trailers Ltd (U.K.)
-Great Dane (U.S.)
-HYUNDAI Translead (U.S.)
-Utility Trailer Manufacturing Company (U.S.)
-Big Tex Trailers (U.S.)
-Aluma (U.S.)
-Pace American (U.S.)
-Dutch Lanka Trailer Manufacturers Ltd. (Sri Lanka)
-MAXXD Trailers (U.S.)
-York Transport Equipment (Asia) Pte Ltd. (Singapore)
-Brian James Trailers Limited (U.K.)
-ANG Industries Limited (India)

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High demand for automotive trailers, improvement in living standards of people, and shrinking railway network in North America and Europe are the key driving factors of the world automotive trailer market. The number of in-service railway boxcars in North America fell by 41% in the past decade to reach around 125,000 in 2014 as 101,600 cars were scrapped and only about 13,800 replacements were added in 2015. Also, disposable income of people is increasing at a notable rate in North America and Europe. In the United States, the average household net-adjusted disposable income per capita is $41,071 a year, more than the OECD average of $29,016 a year. Lengthy procurement process and limited production capacity for specialized car trailers are the key factors that restrain the world automotive trailers market. However, development of improved design of trailers and expansion in untapped market of developing countries, such as India, Indonesia, and Brazil are expected to provide opportunities to the market players.

AUTOMOTIVE TRAILER KEY SEGMENTS

BY TRAILER TYPE
-Dry Van
-Box trailers
-Flatbed
-Tippers
-Open Car
-Others

BY AXLE TYPE
-Single Axle
-Tandem Axle

BY VEHICLE TYPE
-Two Wheelers
-Passenger Cars
-Commercial Vehicles

BY GEOGRAPHY
-North America
U.S.
Canada
Mexico

-Europe
Germany
France
Russia
UK
Rest of Europe

-Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific

-LAMEA
Latin America
Middle East
Africa

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