According to the latest study by Tiantan Technology, the trailer chassis market is valued at US$235.1 billion in 2021 and is expected to reach US$345 billion by 2028 at a CAGR of 5% during the forecast period 2022-2028. The study provides the latest analysis of the Trailer Landing Gear market taking into account the current market environment, latest trends, driving forces and overall market environment.
Due to its strength and durability, the hand-held chassis segment is expected to reach approximately $150 million in 2021. For reasons of strength and cost, manual chassis are usually made of stainless steel. Two examples of lightweight, low cost alternatives that various manufacturers have been trying to develop over the past few years are extruded aluminum and polyester-coated HSLA steel.
The OEM segment of the global trailer chassis market will grow by 5.2% by 2028 due to increased production of trailers to meet logistics and transportation needs. OEMs install chassis when building new trailers, and these parts are available for garages and workshops on request for repairs.
The chance of failure is very low because these products are built to the specifications of the automaker. Partnerships between workshops and manufacturers help increase sales and support business growth.
By 2028, a chassis market with a load capacity of less than 20,000 pounds is expected. will grow significantly – by more than 4.5%. A light trailer chassis typically has a payload capacity of less than 20,000 pounds. Companies are developing a lightweight chassis for heavy-duty electric trucks. The European trailer chassis market is expected to grow at around 4.9% per annum between 2022 and 2028. In 2021, the demand for trailer chassis will increase significantly in Poland, Germany, the UK and other European countries. The COVID-19 pandemic has led to lockdowns across Europe, disrupting regional supply chains. The COVID-19 pandemic is currently impacting the market and demand is expected to fall in 2020 due to lockdowns in many European countries including the UK, France and Italy.
Read the SkyQuest Market Research Report “Global Trailer Chassis Market by Type (Automatic Manual Control), Sales Channel (OEM, Aftermarket) and Region – Forecast and Analysis 2022-2028.”
North America dominates the global trailer chassis market and this dominance is expected to continue during the forecast period. This dominance is due to the presence in the region of a large fleet of semi-trailers and trailers and a highly developed road and transport infrastructure. In addition, trailer chassis prices are expected to rise due to strong demand for lightweight, fuel-efficient trailer components in the region and a boom in the industrial sector. The growth of commercial vehicle production in North America is another major factor influencing the trailer chassis market.
The Asia-Pacific region ranks second in the global market due to its abundant agricultural land and strong automobile production and sales. Developing countries such as China and India are a key driver of market growth due to their extensive road network and growing logistics needs.
The European trailer chassis market is expected to grow at around 4.9% per annum between 2022 and 2028. By 2021, European countries such as Poland, Germany, the United Kingdom and the United Kingdom will see strong demand for trailer chassis. Supply systems in the region have been disrupted due to forced lockdowns across Europe due to the COVID-19 pandemic. These variables have weighed on demand in 2020, although the market is expected to slow down due to the ongoing COVID-19 pandemic as several European countries, including the UK, France and Italy, impose lockdowns.
The report published by SkyQuest Technology Consulting provides detailed qualitative information, historical data and verifiable revenue forecasts for the Trailer Landing Gear market. The projections in the report are derived using proven research methods and assumptions.
Report Findings ● Drivers. The truck chassis market is expected to be driven by demand for new trucks and trailers due to stringent government carbon regulations and growing demand for truck chassis on existing trailers. ● Restrictive measures. Demand for road freight transport is expected to be limited by insufficient road infrastructure and lack of commitment to strengthen transport infrastructure, which will negatively impact the truck and trailer chassis market during the forecast period.
● Drivers, constraints, opportunities, challenges and impact on trailer market size.
● Regulatory scenarios, regional dynamics and trailer chassis market analysis by key countries by region.
SkyQuest has segmented the global Trailer Chassis Market by Type, Sales Channel, and Region: ● Global Trailer Chassis Market by Type (Revenue, Billion USD, 2021-2028) ○ Automatic ○ Manual ● By Sales Global Trailer Chassis Market by Channel (revenue, USD billion, 2021-2028) ○ OEM ○ Global trailer aftermarket by region (revenue, USD billion, 2021-2028) ○ North America USA ■ Canada ○ Europe ■ Germany ■ France ■ United Kingdom ■ Italy ■ Spain ■ Rest of Europe ○ Asia-Pacific ■ China ■ India ■ Japan ■ Rest of Asia-Pacific ○ Central and South America ■ Brazil ■ SCA Other regions ○ Middle East and Africa ■ GCC country South Africa Rest of countries Middle East and Africa
Key players in the global trailer chassis market ● JOST Werke AG (Germany) ● SAF-HOLLAND SA (Germany) ● Guangdong Fuhua Engineering Group Co., Ltd. (China) ● Buttler Products Corp. (USA) ● BPW Bergische Achsen KG. (Germany) ● Haacon Hebetechnik GmbH (Germany) ● Zhenjiang Baohua Semi-trailer Parts Co., Ltd. (China) ● Yangzhou Tongyi Machinery Co., Ltd. (China) ● AXN Heavy Duty (USA) ● Interstate Trailer Inc (USA) )
SkyQuest Technology is a leading consulting firm providing market intelligence, commercialization and technology services. The company has over 450 satisfied customers worldwide.
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Post time: Aug-29-2022