Global Truck Trailer Manufacturing Market Segments Based On Type And GeographyPosted by ananth on April 29th, 2019 Truck Trailer Manufacturing Market Characteristics: Truck trailer companies are incorporating telematics technology to enable efficient management of trailers for customers. Telematics is a method of monitoring an asset by using GPS and onboard diagnostics to record movements on a computerized map. Telematics for trailers work with data sensors on the trailer which are connected to a modem. Using GPS and a mobile network, lots of data information from the trailer can be tracked and used to improve business performance and road safety. It also helps in increasing trailer utilization for trucking companies. Another feature in telematics is the tyre pressure monitoring system (TPMS); this helps in enhancing fuel efficiency for freight operators. Checkout Report:https://www.thebusinessresearchcompany.com/report/truck-trailer-manufacturing-market Companies Mentioned in The Truck Trailer Manufacturing Market:
China International Marine Containers (Group) Ltd., Schmitz Cargobull, and Wabash National Corporation together have about 10.3% of worldwide revenue from Truck Trailer Manufacturing market. The top five competitors in the market made up around 12% of the total market share in 2017. In 2017, Wabash National Corporation, North America’s leading producer of semi-trailers and liquid transportation systems, has completed the acquisition of Supreme Industries Inc., a leading manufacturer of truck bodies, by a cash tender offer. Wabash intends to be at the forefront in the transportation market, and the acquisition of Supreme will help in advancing the strategy. Truck Trailer Manufacturing Market Size: The global truck trailer manufacturing market is expected to at illion in 2021 with a CAGR of 6% in forecast period. According to the American Trucking Association, trucks move about 71% of the nation`s freight, which is driven by population expansion in the country. population expansion is expected to be the biggest factor in increasing the demand for transportation in countries such as India, Brazil and African countries in the forecast period. Companies in the market are expected to witness a growth in demand for truck trailers from manufacturers of goods such as food, automotive, clothing and other consumer goods in the forecast period, e-commerce growth - the growth in e-commerce will drive the truck trailer market. However, the market for truck trailer manufacturing is expected to face several restraints such as stringent emission regulations and narrowing price-cost gap. Request Free Sample Report@ https://www.thebusinessresearchcompany.com/sample.aspx?id=816&type=smp
Truck Trailer Manufacturing Market Trends Trailer manufacturers are increasingly producing light-weight trailers to comply with changing regulations. The shift towards lighter trailers can be attributed to increasing pressures on trucking companies owing to rising fuel prices and stricter regulatory environment. Stricter greenhouse gas emission regulations are compelling manufacturers to use a higher percentage of lightweight components in the assembly of trailers. Aluminum components, for instance, are being used to trim down the weight of trailers. The use of an aluminum air tank in a truck trailer instead of steel saves about 30 lbs. These lighter trailers allow trucking companies to reduce operating costs, lower trailer downtime, and improve efficiency and fleet safety. Bottom of Form
Few Chapters from Table Of Content: 1.Truck Trailer Manufacturing Market Characteristics 2.Truck Trailer Manufacturing Market Size And Growth 3.PESTEL Analysis 4.Truck Trailer Manufacturing Market Segmentation 5.Truck Trailer Manufacturing Market Regional And Country Analysis 6.Asia-Pacific Truck Trailer Manufacturing Market 7.North America Truck Trailer Manufacturing Market 8.Western Europe Truck Trailer Manufacturing Market 9.South America Truck Trailer Manufacturing Market 10.Eastern Europe Truck Trailer Manufacturing Market 11.Middle East Truck Trailer Manufacturing Market 12.Africa Truck Trailer Manufacturing Market 13.Truck Trailer Manufacturing Market Competitive Landscape And Company Profiles 14.Global Truck Trailer Manufacturing Market Comparison with Macro Economic Factors 15.Truck Trailer Manufacturing Market Comparison With Macro Economic Factors Across Countries About The Business Research Company: The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally. Contact Information The Business Research Company Europe: +44 207 1930 708 Asia: +91 8897263534 Americas: +1 315 623 0293 Like it? Share it! More by this author |