Portland, OR -- (SBWIRE) -- 05/23/2018 -- Automotive Trailers are unpowered vehicles towed by a powered vehicle with the help of a hitch. These trailers are used to transport goods and commodities from one place to another. They are majorly used by cargo companies to transfer their goods either nationally or internationally. In addition, they are used for recreational purposes such as to carry their luggage, as fishing boats, or as mobile homes with limited facilities.

The major companies profiled in the report include China International Marine Containers Co., Ltd, Schmitz Cargobull Aktiengesellschaft, Wabash National Corporation, Great Dane, Dennison Trailers Ltd., Utility Trailer Manufacturing Company, Hyundai Motor Group, Humbaur GmbH, Ifor Williams Trailers Ltd., and Böckmann Fahrzeugwerke GmbH.

The global automotive trailer market is segmented into trailer type, axle type, vehicle type, and region. Based on trailer type, the market is categorized into dry van, box trailer, flatbed, tripper, refrigerated trailer, and others. Depending on axle type, it is bifurcated into single axle and tandem axle. By vehicle type, it is classified into two-wheeler, passenger car, and commercial vehicle. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Top Impacting Factors

Reduction in cost in terms of fuel consumption & emission, extra carriage capacity of the automotive trailers, and their environment-friendly nature impact the growth of the market. In addition, high maintenance cost, reduced resale value, as well as the development of the transportation and logistics industry also affect the growth of the global automotive trailer market. These factors are anticipated to either drive or hamper the market growth.

Reduction in Cost

One of the major benefits of automotive trailers is that it offers cost benefits. It also serves as an ideal solution to increase the carriage capacity, as it costs half of the price as that of the new vehicle. Moreover, some trailers fall within the range of $5,000?$10,000, which provides superior edge in terms of cost. Thus, all these factors together supplement the growth of the global automotive trailer market.

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Extra Carriage Capacity of the Trailers

Automotive trailers have large cargo carrying capacity. Regardless of the size of the trailer, it increases the carrying capacity, as every inch of space from floor to ceiling can be brought to utilization. Moreover, transportation of goods and commodities such as perishable foods, construction materials, heavy loads, and loose materials through trailers serves as an affordable option as compared to renting or leasing a truck, which fuels the growth of the automotive trailer market globally.

High Maintenance Cost of the Automotive Trailers

One of the major factors hindering the growth of the global automotive trailer market is the high maintenance cost that has to be incurred. On an average, the productive life of a new trailer is about 15 years, if maintained appropriately. However, an automotive trailer comes with an air ride suspension, which costs more than the conventional trailers. The maintenance cost increases when the suspension is used for three years and after. Thus, such high cost acts as a barrier for the growth of the global market.

Key Benefits

- This study comprises analytical depiction of the global automotive trailer market with current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2017 to 2023 to benchmark the financial competency.
- Porter's Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.