Trailer Market is estimated to be US$ 103.12 billion by 2020 with a CAGR of 6.7%

Manju Gupta28 Sep, 2022News

Trailer Market accounted for US$ 60.14 billion in 2020 and is estimated to be US$ 103.12 billion by 2030 and is anticipated to register a CAGR of 6.7%.Trailers are used for carrying goods and materials from one place to another. There are different types of trailers used in different types of carrying goods. Trailers are used to carry heavy loads like motor vehicle parts, agricultural products, Textile products, machineries, etc. Flatbed trailers, tank trailers, dry vans, car hauler trailers, refrigerated trailers are most profitable types of trailers for operating. In 2019, the European trailer fleet has around 3 million registered semi-trailers. Fontaine trailer are the largest trailer manufacturer in North America. In US around 5.6 million are semi-trailers, and 2 million semi-trucks are in operation. Diamond C Equipment Trailers, BND Trailers, FLOE CargoMax and Sport Haven are the top brands of utility trailers. Agricultural trailers are most in demand due to increase in agricultu

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