Global Low-Bed Trailer (LBT) Market 2017-2021

This market research report identifies Kögel Trailers, Krone, RAC, and Wabash as the key vendors in the global low-bed trailer market. This report also presents a detailed analysis of the market by application (2-axle, 3-axle, and 4-6 axle) and by geography (the Americas, APAC, and EMEA).

Overview of the global low-bed trailer (LBT) market

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.

Competitive analysis and key vendors

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.

Key vendors in the market are:

• Kögel Trailers
• Krone
• RAC
• Wabash

Other prominent vendors include Böckmann Fahrzeugwerke, Dennison Trailers, Great Dane, Humbaur, and Utility Trailer Manufacturing Company.

Segmentation by application and analysis of the LBT market

• 2-axle
• 3-axle
• 4-6 axle

During 2016, the 3-axle application segment dominated the global low-bed semi-trailers market and is expected to continue its dominion over the next four years. The rise in demand for transporting large building and agricultural machines will be the major factor driving the growth of this market segment.

Geographical segmentation and analysis of the LBT market

• Americas
• APAC
• EMEA

In terms of geography, APAC led the global low-bed semi-trailers market during 2016 and is foreseen to continue the domination during the forecast period as well.  Factors such as the rising preference for road transportation and the increase in number of infrastructure facilities such as roads, public buildings, bridges, and production halls in China and India will drive the requirement for specialized equipment and prefabricated structures and machines, propelling the growth of the market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global low-bed trailer market?
• What are the key market trends impacting the growth of the global low-bed trailer market?
• What are the challenges to market growth?
• Who are the key vendors in the global low-bed trailer market?
• What are the market opportunities and threats faced by the vendors in the global low-bed trailer market? 
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global low-bed trailer market?

Technavio also offers customization on reports based on specific client requirement.