The Light Car Trailer Market is expected to grow at a steady rate of around 3.36% during the forecast period (2022-2028) majorly due to rising growth of tourism industry and affordable transportation of goods. A light car trailer can be defined as a type of trailer or semi-trailer intended for efficient truck delivery of customer vehicles. An unpressurized vehicle towed by a powered car is known as a trailer. Light car trailers are used to transport more lightweight automobiles behind a vehicle or truck. Light vehicle trailers are widely utilized for leisure reasons and are popular among fitness enthusiasts and vacationers. Several factors such as rise in tourism industry and increasing interest of individuals to travel around the world is driving the market growth. Other factors include large carrying capacity, affordable transportation of goods and commodities. Additionally, rising demand for luxury while travelling and expanding personal car sales are other factors anticipated to fuel market expansion.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/report/light-car-trailer-market/get-a-free-sample-form.php?product_id=31648
Major light car trailer market companies are focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships. For instance, in 2022, Felling Trailers released re-engineered utility reel series. Company’s Utility Cable Reel “R” series model lines had undergone design modifications to increase operator safety and ease of use. Similarly, in 2021, Aluminum Trailer Company (ATC) introduced its new Limited series lines, reducing production and delivery times. The new Limited series models, rolling off ATC production lines now, offer a full complement of popular pre-set features for each trailer type.
Based on type, the market is segmented into utility light car trailer and recreational light car trailer. The utility light car trailers are used to transport vehicles from one place to another in case of unfavorable road terrain. This segment held the largest revenue share of over 60.0% in 2020. Whereas, recreational trailers offer a larger floor space while reducing the overall trailer weight because of an aluminum body.
Based on axle, the market is divided into single axle light car trailers and multi-axle light car trailers. Single axle light car trailers are lighter in weight, have easier maneuverability and higher efficiency. These characteristics elevate single-axle lightweight vehicle trailers over competing products. Dual axle trailers are anticipated to expand at a significant CAGR during the forecast period. They are considered as a better option for long-distance hauling having increased stability which lessens the chance of the trailer losing grip or swaying when toed on rough terrain.
Based on design, the light car trailer market is segmented into enclosed trailer and open trailer. Open trailers are becoming more and more popular around the world due to their lightweight design, rapid bends, simple parking, and ease of adjustment, fuel efficiency and increased flexibility. This segment held the largest share of over 50.0% in 2020. The category for enclosed light vehicle trailers, however, is anticipated to develop at the fastest rate over the prediction period because more people are using these trailers to travel great distances.
Based on product, the light car trailer market is divided into motorcycle light car trailer, snowmobile light car trailer, watercraft light car trailer and passenger light car trailer. Out of these, the snowmobile segment is expected to expand at a CAGR of around 4.3% over the forecast period. The snowmobile light car trailer is becoming increasingly popular in North America, Europe, and the Nordic region as these regions experience heavy snowfall and have popular sports such as snowmobiling. There are two variations of snowmobiles available: open and enclosed trailers
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For a better understanding of the market adoption of the light car trailer, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is likely to grow at a substantial CAGR of approximately 4.7% during the forecast period. The growth can be attributed to the developing tourism industry, increasing demand for luxury commodities, and rising disposable income in the region. Further, North America accounted for a major share of the global light car trailers. Rise in vehicle sale across North America is likely to increase the demand for light car trailers across the region. It held the largest revenue share in 2020 owing to the increase in automobile sales, growing tourist spots, and rising preference for solo travel throughout the North American region majorly due to the presence of key market players, such as Aluma Ltd.; ATC Trailers Holdings, Inc.; Felling Trailers, Inc.; and Haulmark Industries.
Some of the major players operating in the market include Aluma; ATC Trailers; Felling Trailers; Haulmark; Kaufman Trailers; PaceAmerican.com; Woodford Trailers Ltd; SylvanSport, LLC; Sundowner Trailer Corporation; Diamond C Trailer Mfg. The market is diversified with a large number of global and regional market players.
Global Light Car Trailer Market Segmentation
Market Insight, by Type
- Utility Light Car Trailers
• Recreational Light Car Trailers
Market Insight, by Axle
- Single Axle Light Car Trailers
- Multi Axle Light Car Trailers
Market Insight, by Design
• Open Light Car Trailers
• Enclosed Light Car Trailers
Market Insight, by Product
- Motorcycle Light Car Trailers
• Snowmobile Light Car Trailers
• Watercraft Light Car Trailers
• Passenger Vehicle Light Car Trailers
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Market Insight, by Region
- North America
- US
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Aluma
- ATC Trailers
- Felling Trailers
- Haulmark
- Kaufman Trailers
- com
- Woodford Trailers Ltd
- SylvanSport, LLC
- Sundowner Trailer Corporation
- Diamond C Trailer Mfg.
Table of Content-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION 2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE LIGHT CAR TRAILER MARKET
6 LIGHT CAR TRAILER MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY AXLE
9 MARKET INSIGHTS BY DESIGN
10 MARKET INSIGHTS BY PRODUCT
11 MARKET INSIGHTS BY REGION
12 LIGHT CAR TRAILER MARKET DYNAMICS
13 LIGHT CAR TRAILER MARKET OPPORTUNITIES
14 LIGHT CAR TRAILER MARKET TRENDS
15 DEMAND AND SUPPLY-SIDE ANALYSIS
16 VALUE CHAIN ANALYSIS
17 PRICING ANALYSIS
18 STRATEGIC INSIGHTS
19 COMPETITIVE SCENARIO
20 COMPANY PROFILED
21 DISCLAIMER
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