Global Low-Bed Trailer (LBT) Market 2017-2021
About Low-Bed Trailer
A low bed trailer is one of the many types of semi-trailers and is used for versatile applications and to carry loads that are up to 12 feet high, which other trailers cannot accommodate. It is mainly used to carry oversized cargo, including bulldozers and industrial equipment. The global low bed trailer market in the report has been segmented based on the axle type: 2 axle, 3 axle, and 4-6 axle. The geography has been categorized into three regions: APAC, Europe, and the Americas.
Technavio’s analysts forecast the global low-bed trailer market to grow at a CAGR of 3.88% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global low-bed trailer market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Low-Bed Trailer Market 2017-2021
Technavio recognizes the following companies as the key players in the global low-bed trailer market: Kögel Trailers, Krone, RAC, and Wabash.
Other Prominent Vendors in the market are: Böckmann Fahrzeugwerke, Dennison Trailers, Great Dane, Humbaur, and Utility Trailer Manufacturing Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is growing use of mass reduction technologies in fleet trucks. There is a growing trend for the use of safety equipment and mass reduction technologies in tractors and low bed trailers. Under the US heavy-duty Phase 1 regulation for tractors, there is an increase in the adoption of new technologies for tractors and trailers. There are innovations in the engine design, use of low-rolling-resistance tires, idling reduction technologies, and streamlined aerodynamics that help reduce the emissions and provide more safety for the tractors and trailers.”
According to the report, one driver in market is high investment in infrastructure in emerging countries. Housing and construction industries in APAC are growing as the region accommodates more than half of the global population. The discarding of the one-child policy in China was projected to bring an increased requirement for housing and residential construction by 2016. The construction activities were expected to increase by 1% by 2016 to cater to the needs of the rising population. In China, between 2001 and 2004, the investment in rural roads was increased by approximately 51% annually. In the past decade, China had built 31,000 miles of expressways, which is approximately two-third of the length of the entire US Interstate Highway System. In 2015, China had built 49,000 miles of expressways (2.6 million miles of roads when compared with 2002). The investment in infrastructure is growing as China had invested approximately $207 billion for road construction and upgrades. The infrastructure was well supported by the Chinese government's five-year plan, which proposed to complete 186,000 miles by 2015, with an addition of nine separate north-south lines and 18 expressways that run from the east to west of China.
Further, the report states that one challenges in market is highly unorganized market for low bed trailers in emerging countries. The total trailer market size in India is approximately 18,500 units per annum, and the Indian market for overburden tippers is approximately 3,000 units. Both the markets are estimated to grow at a CAGR of 12% till 2020. The trailer market in India is highly fragmented with many regional players contributing over 80% of the total trailer production. Meanwhile, the organized sector is trying to manufacture and gaining acceptance of high-quality trailers in the market. The tipper trailer segment has recently seen global truck OEMs launching high-performance tippers with heavy-duty bodies.
Kögel Trailers, Krone, RAC, Wabash, Böckmann Fahrzeugwerke, Dennison Trailers, Great Dane, Humbaur, and Utility Trailer Manufacturing Company.
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