Truck Trailer

Global Truck Trailer Market to Reach US$37.1 Billion by 2030

The global market for Truck Trailer estimated at US$30.3 Billion in the year 2024, is expected to reach US$37.1 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2024-2030. Automobile Trailers, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$13.2 Billion by the end of the analysis period. Growth in the Boat Trailers segment is estimated at 3.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.8 Billion While China is Forecast to Grow at 6.0% CAGR

The Truck Trailer market in the U.S. is estimated at US$7.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2030 trailing a CAGR of 6.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.2% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Global Truck Trailer Market - Key Trends & Drivers Summarized

What Is Fueling the Demand for Truck Trailers?

Truck trailers play an essential role in the logistics and transportation industry, serving as a backbone for the movement of goods across regions. Over the past decade, the demand for truck trailers has seen a significant rise, driven by the increase in global trade and the expansion of e-commerce. With companies expanding their reach to international markets, the need for efficient and large-scale transport solutions has surged. The increased demand for refrigerated trailers, especially in the food and pharmaceutical industries, has also contributed to the growth of the market. Technological advancements in trailer design and features, such as enhanced aerodynamics and lightweight materials, have made these trailers more efficient and cost-effective. Furthermore, the development of smart trailers equipped with GPS tracking and telematics has enhanced fleet management capabilities, improving the overall supply chain efficiency.

How Are Regulatory Changes Impacting the Truck Trailer Market?

The global truck trailer market is also influenced by changing regulatory standards, particularly those related to emissions and safety. Governments across the world are introducing stringent emissions regulations to combat climate change, which has led to the development of eco-friendly trailers that focus on fuel efficiency and reduced carbon emissions. Additionally, safety regulations regarding the weight and dimensions of trailers are prompting manufacturers to innovate designs that comply with legal requirements without compromising on load capacity. The introduction of electric and hybrid truck trailers, aimed at reducing dependence on fossil fuels, is also on the rise. These regulatory shifts are reshaping the landscape of the truck trailer market, encouraging both manufacturers and fleet owners to adopt greener and safer alternatives.

How Are Industry-Specific Requirements Shaping Trailer Designs?

Different industries have specific transportation needs, which are shaping the development of specialized truck trailers. For instance, the demand for tank trailers is growing in sectors such as oil, gas, and chemicals, where hazardous materials need to be transported under stringent safety guidelines. Similarly, the construction industry’s need for heavy-duty trailers to transport machinery and building materials has driven the production of flatbed and lowboy trailers. The rapid expansion of the cold chain logistics sector is propelling the demand for refrigerated trailers that ensure the temperature-sensitive transport of food, beverages, and pharmaceuticals. Moreover, trailers with enhanced durability, lower maintenance costs, and high cargo capacity are increasingly sought after in industries that require frequent long-haul transportation.

The Growth in the Truck Trailer Market Is Driven by Several Factors

The growth in the truck trailer market is driven by several factors, including the rising demand for efficient logistics solutions, technological innovations in trailer manufacturing, and changes in consumer purchasing behavior, particularly in e-commerce. The shift toward electric and hybrid trailers is spurred by increasing environmental consciousness and the need to comply with emissions regulations. Additionally, the expansion of industries such as retail, manufacturing, and agriculture is generating a higher demand for specialized trailers tailored to their unique transportation requirements. The integration of digital technologies like telematics and fleet management systems is also enhancing the efficiency of trailer operations, driving market growth by improving the overall productivity and cost-effectiveness of logistics operations. Moreover, global trade and supply chain diversification are increasing the need for advanced trailers that can handle diverse cargo types, thereby fueling market expansion.

SCOPE OF STUDY:

The report analyzes the Truck Trailer market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Segment (Automobile Trailers, Boat Trailers, Logging Trailers, Other Segments)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• AGRICULTURAL MACHINES OMBÚ SA
• Bear Trailer Manufacturing, Inc.
• Bewellcn Shanghai Industrial Co., Ltd.
• Can-Am RV Centre
• DAF Trucks NV
• Doepker Industries Limited
• Fahrzeugwerk Bernard KRONE GmbH & Co. KG
• Fontaine Commercial Trailer, Inc.
• Fruehauf SAS
• G H Varley Pty Limited

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.