Automotive Trailer Market to See Worldwide Massive Growth: Outlook, Trends, Forecast of Top Countries 2019-2023
The automotive trailer market was valued at $21,895.0 million in 2016, and 2023 is likely to reach $28,538.5 million, with a CAGR of 3.8% from 2017 to 2023. Automotive trailers are unpowered vehicles which are used to transport goods and commodities, these trailers are dragged by powered vehicles. The industrial growth in the emerging economies and rise in manufacturing activities has a positive impact on the demand for automotive trailers.
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