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Pulished Date April, 2021
ID: 9821
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Modular Trailer Market Segmentation By Type (Multi-Axle, Telescopic/Extendable, Lowboy), Application (Construction & Infrastructure, Mining, Wind & Energy, Heavy Engineering), Number of Axles (2 Axles, >2 Axles) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: April, 2021
ID: 9821
Pages: 175

Market Overview:

The global modular trailer market value is expected to reach USD 10.2 billion by 2027 from USD 7.3 billion in 2021, expanding at a CAGR of 4.3%.

Modular trailers contain a series of specialized vehicles that are utilized in various industries for the transportation of heavy and enormous cargos. A number of the main applications of those trailers include power stations, iron & steel, chemical, and construction industries. These trailers are available in various configurations of two, three, four, five, and above axle models to satisfy the precise industry requirements. The upcoming infrastructure activities in developing countries are anticipated to fuel the expansion of the global modular trailer market over the foreseen period of 2020 to 2027.

The growth of the global modular trailer market size is driven by expanding end-user industries like construction & infrastructure, wind & energy, mining, and heavy engineering. However, high prices of modular trailers and lack of skilled labour could affect the expansion of the modular trailer market during the foreseen period of 2020 to 2027.

Recent Developments:

Heavy-haul trailer maker Talbert Manufacturing shows its 65SA modular trailer that comes with multiple axle configurations, supported customer requirements, for optimum versatility and regulatory compliance.

BPW subsidiary Idem has introduced a replacement, modular trailer telematics system known as Cargofleet Trailer Gateway. Consistent with the German component supplier, the system is predicated on a kind of onboard computer that processes data from so-called hubs, called the TC Gateway.

The Faymonville Group are well-known across Europe for the development of towed equipment for the specialist haulage equipment, also because of the transportation of glass and concrete elements. Recent this year, the group announced that they'd reached an agreement to accumulate 100% shares of Italian company Industrie Cometto S.p.A.

French transport and repair provider, AltéAd, has taken ownership of the newest modular platform trailer from transportation specialist, the Tii Group, to help it within the transportation of wind turbines.

Drivers and Restraints of Modular Trailer:

Drivers:

  • Expanding the construction and mining industries will accelerate market growth.
  • Increasing prevalence of freight transportation is another factor that drives the expansion of the market.
  • Diversification of the wind energy industry to put in more power generating equipment will enhance market growth.

Restraints:

  • Increased availability of local or regional player is going to be obstructing the expansion of the market.
  • Lack of skilled and qualified drivers also can restrict the expansion of this market.

Market Segmentation:

By Type 

  • Multi-axle
  • Telescopic/Extendable
  • Lowboy

The major driving factor for multi-axle trailers is the demand from end-user industries. The need for resource exploration and mining activities in developing countries is hiking. Good economic outlook and growth of the wind & energy and construction industries are expanding opportunities for modular trailer makers. Multi-axle trailer is likely to account for the most critical market share during the foreseen period. It can load over dimension cargo with the addition of axle lines as per requirement. Because the axle lines are often attached and detached, a multi-axle trailer is commonly used for different applications. The payload capacity of per axle line initiates from 15 tons. Moreover, it offers maximum agility, perfect stability, maneuverability, and safety.

By Appliction 

  • Construction & Infrastructure
  • Mining
  • Wind & Energy
  • Heavy Engineering

Construction companies usually have projects located in several areas. Modular trailers help within the transportation of the already built sections to places where they're going to be installed and at an equivalent time shift material and equipment from one project to a different. These trailers are wont to transport large bridge segments, large girders, concrete beans, and construction machinery, among others. Spending on capital-intensive projects and infrastructure is predicted to grow significantly within the next decade, thereby driving the necessity for transportation of constructing equipment and materials.

By Number of Axles

  • 2 axles
  • >2 axles

The 2-axle line trailers are available during a wide selection of size and weight carrying capacities. Per-axle line load-carrying capacity starts from 10 tons and goes up to 1000 tons. 2-axle line trailers are quite famous for the transportation of large equipment. The Asia Pacific and North America together account for a better number of 2-axle line trailers. Consistent with the Indian Construction Equipment Manufacturer Association (ICEMA), the growth for earthmoving and mining equipment during FY 2017–18 was significant, recording a rise of 23%. The rising demand for such material creates the necessity for freight transportation for supply chain operations. In turn, it will create a positive outlook for the global modular trailer business.

Modular Trailer Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America is estimated to be a prominent marketplace for modular trailers due to factors like increasing demand for commodities, resulting in investments within the mining industry. The North American Trade Agreement (NAFTA), which allows trade between the US, Canada, and Mexico, would cause increased fleet operations within the region. The development industry is predicted to grow at a healthy rate against federal spending cutbacks.

Positive outlook for construction, mining, and wind & energy is fueling the modular trailer market in the Asia Pacific. The economic expansion in countries like India and China has led to hike the demand for freight transportation in these countries. The Asia Pacific has also experienced growth in construction & infrastructure projects. Consistent with the forecast of worldwide Wind Energy Council (GWEC), the wind generation market is predicted to succeed in 341.4 GW by 2022 with the Asia Pacific dominating the market. Globally, China is predicted to be the leading wind generation market, which would contribute to a rise in demand for modular trailers over the forecast period.

Key Players of Market:

Some major key players in the global modular trailer market are Goldhofer (Germany), Nooteboom Trailers (Netherlands), Faymonville Group (Italy), TII Group (Germany), and VMT Industries (India), K-Line Trailers (Canada), Tratec Engineers (India), Anster (China), Doll Fahrzeugbau AG (Germany), and Demarko Trailers (Poland).

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Modular Trailer Market, By Type                

                    6.1.1 Multi-Axle     

                    6.1.2 Telescopic/Extendable        

                    6.1.3 Lowboy

                    6.1.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 Modular Trailer Market, By Application                 

                    6.2.1 Construction & Infrastructure        

                    6.2.2 Mining 

                    6.2.3 Wind & Energy         

                    6.2.4 Heavy Engineering    

                    6.2.5 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.6 Y-o-Y Growth Rate Analysis         

                    6.2.7 Market Attractiveness Index         

          6.3 Modular Trailer Market, By Number of Axles                  

                    6.3.1 2 Axles

                    6.3.2 >2 Axles       

                    6.3.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Type         

                    7.2.3 By Application

                    7.2.4 By Number of Axles 

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Type         

                    7.3.3 By Application

                    7.3.4 By Number of Axles 

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Type         

                    7.4.3 By Application

                    7.4.4 By Number of Axles 

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Type         

                    7.5.3 By Application

                    7.5.4 By Number of Axles 

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Type         

                    7.6.3 By Application

                    7.6.4 By Number of Axles 

8. Key Player Analysis                           

          8.1 Goldhofer                   

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Nooteboom Trailers              

          8.3 Faymonville Group                

          8.4 TII Group          

          8.5 VMT Industries            

          8.6 K-Line Trailers            

          8.7 Tratec Engineers                   

          8.8 Anster              

          8.9 Doll Fahrzeugbau AG            

          8.10 Demarko Trailers                

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Modular Trailer Market By Region, From 2021-2026 ( USD Billion )
  2. Global Modular Trailer Market By Type, From 2021-2026 ( USD Billion )
  3. Global Multi-Axle Market By Region, From 2021-2026 ( USD Billion )
  4. Global Telescopic/Extendable Market By Region, From 2021-2026 ( USD Billion )
  5. Global Lowboy Market By Region, From 2021-2026 ( USD Billion )
  6. Global Modular Trailer Market By Application, From 2021-2026 ( USD Billion )
  7. Global Construction & Infrastructure Market By Region, From 2021-2026 ( USD Billion )
  8. Global Mining Market By Region, From 2021-2026 ( USD Billion )
  9. Global Wind & Energy Market By Region, From 2021-2026 ( USD Billion )
  10. Global Heavy Engineering Market By Region, From 2021-2026 ( USD Billion )
  11. Global Modular Trailer Market By Number of Axles, From 2021-2026 ( USD Billion )
  12. Global 2 Axles Market By Region, From 2021-2026 ( USD Billion )
  13. Global >2 Axles Market By Region, From 2021-2026 ( USD Billion )

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