Modular Trailer Market (By Type: Multi-axle, Telescopic/Extendable, Lowboy; By Application: Construction & Infrastructure, Mining, Wind & Energy, Heavy Engineering; By Number of Axels: 2 axles, >2 axles) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global modular trailer market is anticipated to grow at a CAGR of around 4.5% during the forecast period 2020 to 2027 and to reach around US$ 10.3 Bn by 2027.

Market Dynamics

Rapid industrialization in developing countries and increasing construction & infrastructure and mining projects in Asia Pacific region are major factors expected to drive the growth of global modular trailer market. Government is investing high for the development of present infrastructure this is resulting in demand for modular trailers in order to transport large bridge segments, large girders, concrete beans, and construction machinery.

Business expansion activities by major players in order to increase the business presence and enhance the product portfolio are among other factor expected to augment the growth of global market.

• In 2019, Faymonville Group launched BladeMAX a blade lifter that has huge load capacity of 716.5 tons and is widely used to transport mega wind turbine blades safely and efficiently in areas/region such as wooded or built-up areas, narrow streets, or mountainous. This is expected to help the company to increase the customer base.
• In 2019, TII Group signed a contract with Vestas a global leader in sustainable energy solutions and manufacturer of wind power plants in terms of sales and installed capacity in order to deliver nine wind blade transport systems. This is expected to help the company to enhance the product portfolio and increase the customer base.
• In 2019, Faymonville Group acquired Stürzer Heavy Trucks a commercial vehicle dealer. This acquisition is expected to help the company to enhance the business presence and increase the profit ratio.
• In 2019, TII SALES Transporter Industry International Sales GmbH & Co. KG, launched Tiiger Smart Duty a modular platform that has the ability to lift the loads up to 240 tonnes on public road as well as industrial region. This product launch is expected to attract new customer and increase the revenue share of the company.
• In 2018, WABCO launched a modular braking platform for trailers. The company is focused inn development of advanced system that aid in improving the safely, efficiency and connectivity of commercial vehicles. The platform helps to address the change between anti-lock braking system and electronic braking system that enable the trailer to work functionally and supports the modularity and standardization. This is expected to help the company to enhance the product portfolio.

However, factors such as lack of skilled labor in order to handle the equipment along with increasing presence of regional players are expected to hamper the growth of global modular trailer market. In addition, unfavorable economic conditions is impact the construction and other end use industries projects which is limiting the demand for modular trailers this is another factor expected to impact the growth of target market

Inclination towards developing countries in order to enhance the customer base and track the untapped market is expected to create new opportunities for players operating in the global market over the forecast period.

Modular Trailer Market Segment Analysis, 2019

The global modular trailer market is segmented into type, application, and number of axel. The type segment is further bifurcated into multi-axle, telescopic/extendable, and lowboy. Among application the construction segment is expected to account for significant revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to increasing solar and wind projects by the government. In addition, high demand from mining industry, coupled with introduction of innovative solution by major players is another factor expected to further support the growth of target market.

Asia Pacific is expected to witness faster growth in the near future owing to increasing demand form constriction industry. In addition, player’s inclination towards emerging economies in order to increase the business presence and enhance the profit share is another factor expected to further support the growth of target market in the region.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

The market research study on “Modular Trailer Market (Type: Multi-axle, Telescopic/Extendable, and Lowboy; Application: Construction & Infrastructure, Mining, Wind & Energy, and Heavy Engineering; Number of Axels: 2 axles and >2 axles) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global modular trailer market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global modular trailer market segment by vehicle type, product type, channel type, application and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global modular trailer market size and segment markets by vehicle type, product type, channel type, application and geography along with the information on companies operating in the market. The modular trailer market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report VMT Industries Pvt. Ltd., K-Line Trailers Ltd., TII SALES Transporter Industry International Sales GmbH & Co. KG, Goldhofer, Nooteboom Trailers., Faymonville., and Demarko Trailers.

Market Segmentation

Market By Type

• Multi-axle
• Telescopic/Extendable
• Lowboy

Market By Application

• Construction & Infrastructure
• Mining
• Wind & Energy
• Heavy Engineering

Market By Number of Axels

• 2 axles
• >2 axles

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa