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Technavio’s market research report predicts that the global low-bed trailer (LBT) market will grow at a CAGR of nearly 4% during the forecast period. High investment towards infrastructure development in the emerging countries is one of the primary drivers for market growth. The rising population in the APAC has led to the growth of the housing and construction industries in the region. For instance, China has invested about USD 207 billion for road construction and improvements. Similarly, India is also concentrating on the development of its infrastructure since almost 65% of the total freight is transported by road. The Indian government has already allotted almost USD 377 billion towards infrastructure development. Such infrastructure betterment projects that include the development of industrial regions, roads, and port connectivity will boost the demand for heavy commercial vehicles and freight transport, which will in turn, drive the demand for low-bed trailers in the coming years.
One of the latest trends that will gain traction in the global LBT market is the growing use of mass reduction technologies in fleet trucks. The adoption of new technologies such as innovations in engine design, use of low-rolling-resistance tires, idling reduction technologies, efficient aerodynamics assist in reducing emissions and offer more safety for tractors and trailers. Improved aerodynamics, low rolling resistance, and lesser curb weight are few additional technological features adopted to improve the fuel efficiency of trailers. Furthermore, to counter the aerodynamic drag between trucks and trailers, the coming years will also witness the adoption of devices such as truck rooftop fairings that will lessen the drag lag.
The regional players dominate the global LBT market and there is intense competition among regional manufacturers. Kögel Trailers is one of the key market vendors that focuses on the development and manufacture of trailers for the construction industry across the globe. The company has a wide portfolio of products including platform trailers, tipper trailers, flatbed semi-trailers, flatbed turntable trailers, demountable systems, and refrigerated trailers. Additionally, the company also offers solutions such as COILFIX and CLIMATEX to provide coil loads on trailers, refrigerated trailers, and dry-box trailers.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Tags: tipper truck, all wheel drive, wheels and tires, automotive manufacturers, automotive electronics top companies, automotive electronics industry overview,
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