Modular trailers are special vehicles that are used in various industries for transportation of heavy and large cargos which are not easy to disassemble. Due to feature of their lateral stability they are used for mining operations. They are greatly used in applications such as construction industry, iron & steel industry. The trailers are controlled using the computer software to create an axel line. They are meant to carry heavy loads according to their structure. These trailers come in various configurations to meet specific industry requirements.
Growing construction and mining industries will accelerate the growth of the market. Increasing use of freight transportation is also a driving factor for the modular trailer market. Changing use of wind energy to install more power generating equipment is predicted to enhance the market growth in coming years. The COVID- 19 pandemic has impacted various industries and overall economy across the globe. Modular Trailer market has also been affected by this pandemic. Massive slowing of supply chain and slowing production processes of trailers for various industries are some of the effects of COVID-19 on the market. The market is gaining its mobility again and will recover faster in the forecasted period.
The report outlines various characteristics of the global Modular Trailer market by assessing the market from Value Chain Analysis. Moreover, the Modular Trailer market report comprises various qualitative parts of the Modular Trailer industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.
The Modular Trailer market has solid competition amongst the already well-known and new market players. Also, the Modular Trailers industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.
Geographically global Modular Trailer Market is divided into North America, Europe, Asia Pacific, Middle East & Africa and South America. Globally, North America is the leading region in market share in the Modular Trailer Market. North America is accounting the highest market share owning to the increasing solar and wind power projects in that region. High demand from mining industry along with introduction of innovative solutions by major players is expected to grow the market. Asia Pacific is expected to witness exponential growth in the future because of increasing demand from construction industry. The region has witnessed growth in mining operations due to increase in demand for raw materials. This has led to many International companies to work in this region thus making it highest growth region for the market.
The major players in the Modular Trailer Market are Goldhofer, Nooteboom Trailers, TII Group, VMT Industries, Faymonvilla Group, Tratec Engineers, K- Line Trailers, Denmarko Trailers and others.
Key Segments of the Global Modular Trailer Market
Axel Market Overview, 2018-2028 (USD Billion)
- 2 Axels
- >2 Axels
Type Market Overview, 2018-2028 (USD Billion)
- Multi Axel
- Lowboy Trailer
Application Market Overview, 2018-2028 (USD Billion)
- Construction & Infrastructure
- Wind & Energy
- Heavy Engineering
Regional Overview, 2018-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East and Africa
- South America
- Rest of South America