The expansion of building and infrastructure projects around the world, expanding food product demand in developed areas, rising bulk transportation industry needs, and other reasons are some of the key drivers of the pneumatic bulk trailer market. This market is also expanding as a result of the rise in manufacturing activity in various nations. Additionally, pneumatic bulk trailers are increasingly favoured over semi-trailers due to their effective performance and better safety features, which will fuel market expansion over the course of the projection period. Additionally, governments in numerous nations throughout the world are supporting new environmental protection efforts, which are anticipated to present growth prospects for this market. Likewise, developments like autonomous driving systems that include cutting-edge sensors and cameras can present a significant opportunity for the expansion of this marketplace.
The market for pneumatic bulk trailers is necessary since they have many advantages over other kinds of trailers. For the transportation of bulk products, pneumatic bulk trailers are extensively utilised in a variety of industries, including food, chemicals, and petrochemicals. In comparison to conventional trucks, these trailers offer superior carrying capacity, are inexpensive to operate, and are simple to repair. They are more suited to transporting bulk items in industrial applications because they provide more flexibility and allow loading and unloading from both sides. Additionally, these trailers keep the contents from coming into contact with the outside environment, keeping the product's physical attributes. As a result, pneumatic bulk trailers are now more in demand globally across a variety of industries.
A heavy-duty trailer called a pneumatic bulk trailer is used in industrial applications to transport bulk materials. It comprises an airtight container that helps prevent environmental exposure to the product, protecting its physical attributes. Numerous innovations, including improved safety features, increased loading capacity, cost-effectiveness, and simple maintenance, are included with these trailers. Given their numerous benefits over other types of trailers, pneumatic bulk trailers are growing in popularity. They are used to transport bulk goods in several industries, including food, chemicals, and petrochemicals. They also give you more versatility because you can load and unload the trailer from either side. As a result, pneumatic bulk trailers are now more in demand globally across a diverse range of industries.
The Global Pneumatic Bulk Trailer Market is anticipated to grow at a CAGR of 5.2% between 2021 and 2031, with values of USD 1.37 billion and USD 1.90 billion, respectively.
The rising demand from numerous application areas, such as the transportation of plastic granules, is blamed for the market expansion.
Due to rising raw material costs, the primary factor impeding market expansion is the high price of pneumatic bulk trailers. Additionally, strict controls on emissions and ecosystem-related issues have further impeded market growth because these trucks are mostly employed for the transportation of hazardous products. Additionally, several of the countries' subpar road systems are affecting the expansion of the market as a whole. However, the Pneumatic Bulk Trailer Market will benefit from government attempts to erect better highways and establish a secure environment for the movement of commodities. Additionally, additional technical developments will create attractive opportunities for industry expansion, such as introducing automated systems in bulk trucks.
Wabash National Corporation, Brenner Tank LLC, Heil Trailer International, Inc., Polar Tank Trailer Manufacturing Company, LLC, Walker Group, LLC. (Kaufman Trailers), MAC Trailer Manufacturing, Inc., Etnyre Company, Merritt Equipment Co., Acro Trailers Ltd., and others are the major companies in the global pneumatic bulk trailer market. These businesses make high-quality pneumatic bulk trailers to satisfy consumer requests in various geographic areas. Additionally, they concentrate on technology developments to broaden their product line and gain a competitive edge.
The 68,000 lbs GVWR Segment emerged as the Most Lucrative Type
The market has been divided into four main types: 20,400 lbs GVWR, 66,000 lbs GVWR, and 68,000 lbs GVWR, and Others. Due to its practical capacity and adaptability in heavy-duty applications including construction sites and manufacturing facilities, the 68,000 lbs GVWR type segment is anticipated to have the greatest share of the global market.
The Most Prominent Application is the Transporting Plastic Granules Segment
The market has been divided into Transporting Plastic Granules, Transporting Powder, and Others based on Applications. Due to rising demand from end-use sectors including the construction and automotive industries, the conveying plastic granules segment is anticipated to grow at the highest CAGR during the forecast period. Additionally, rising consumer demand for powdered material transportation will open up attractive market expansion prospects.
The Asia Pacific Region to render Ample Financing Opportunities
The market for pneumatic bulk trailers worldwide is segmented by region into North America, South America, Asia Pacific, Europe, and the Middle East and Africa. The Asia Pacific area is expected to have tremendous growth in the upcoming years as a result of the rapid industrialization of nations like China and India. The availability of inexpensive labour helps to expedite this region's expansion. The expansion of the regional industry will also be aided by the vast fleet of trailers used for transportation and the rising demand for effective logistics. Additionally, the region's growing population is anticipated to fuel market expansion.
COVID-19 Impact and Market Status
Overall, the COVID-19 epidemic had a mixed impact on the market for pneumatic bulk trailers. On the one hand, it produced interruptions brought on by lockdowns and limitations imposed by governments all over the world, which resulted in fewer sales and decreased investments in research and development operations. On the other hand, as nations tried to enhance their capacity for manufacturing food, durable goods, and medical supplies, certain market areas, such as the transportation of plastic granules, witnessed increased demand. In 2021, the market is anticipated to rebound from its downturn with a predicted growth rate of 6%. In the upcoming years, major players are anticipated to concentrate on product innovations, design improvements, and technological advancements that will provide new chances for this industry.
Recent Developments in the Pneumatic Bulk Trailer Market
• Wabash National Corporation purchased Walker Group Holdings, LLC in April 2019. Wabash expanded its product offering in the logistics and transportation sector as a result of this acquisition.
• Wabash National Trailer Centers opened a new store close to the Los Angeles International Airport in January 2020. (LAX). To increase their market share in the US trailer rental industry, this was done.
• Wabash National Corporation declared in April 2021 that they would erect a new truck and trailer manufacturing factory in Jeffersonville, Indiana. By early 2022, this new production plant is expected to open.
• Great Dane debuted its low-deck trailer, the "Great Dane Freedom," in April 2022. This trailer offers a safer and more effective way to transport cargo because it is made specifically for the transportation of heavy machinery. With improved design elements like ladders and catwalks, it offers a greater payload capacity and is simpler to load and unload cargo.
Pneumatic Bulk Trailer Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 1.90 billion|
|Growth Rate||CAGR of 5.2% during 2021-2031|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Wabash National Corporation, Brenner Tank LLC, Heil Trailer International, Inc., Polar Tank Trailer Manufacturing Company, LLC, Walker Group, LLC. (Kaufman Trailers), MAC Trailer Manufacturing, Inc., Etnyre Company, Merritt Equipment Co., Acro Trailers Ltd., and others|
Key Segments of the Pneumatic Bulk Trailer Market
Type Overview, 2021-2031 (USD Billion)
• 20,400 Lbs GVWR
• 66,000 Lbs GVWR
• 68,000 Lbs GVWR
Application Overview, 2021-2031 (USD Billion)
• Transporting Plastic Granules
• Transporting Powder
Regional Overview, 2021-2031 (USD Billion)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
• Middle East and South Africa