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(USGovernment-News.Com, August 01, 2018 ) Truck trailers are non-automotive freight vehicles that are to be drawn by motor truck. The truck trailer manufacturing industry comprises establishments primarily engaged in manufacturing truck trailers, truck trailer chassis, cargo container chassis, detachable trailer bodies, and detachable trailer chassis for sale separately.
The global truck trailer market was valued at $26 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region in the market, accounting for two-fifth of the global market share. The market saw a growth due to the increase in new vehicle sales in rapidly developing countries such as China and India, owing to rise in disposable income, increased demand for vehicles, availability of credit and low fuel prices.
The market in the report is segmented into: automobile trailers, boat trailers, logging trailers and others truck trailers.
China was the largest country in the market, accounting for one-fifth of the global truck trailer market. China was followed by the USA and Germany as the next largest countries in the market. The top five competitors in the market are: Great Dane Limited Partnership followed by Utility Trailer Manufacturing Co., Vanguard national trailer Corp., Fontaine Trailer Company and Wabash. Great Dane Limited Partnership manufactures and distributes commercial transportation equipment. It offers dry and refrigerated trailers; truck bodies; steel, aluminium, and combo platform trailers; and aftermarket parts and services. The company is based in Chicago, Illinois with an additional corporate office in Savannah, Georgia.
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