Modular Trailer Market
PUBLISHED: 2022 ID: SMRC21996
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Modular Trailer Market

Modular Trailer Market Forecasts to 2028 - Global Analysis By Type (Telescopic/Extendable, Lowboy, and Other Types), Number of Axles (2 Axles & > 2 Axles& Sealants) Applications (Mining, Construction and other applications) and Geography

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4.8 (52 reviews)
Published: 2022 ID: SMRC21996

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $8.76 BN

Projected Year Value (2028)

US $12.65 BN

CAGR (2022 - 2028)

6.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Fastest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Modular Trailers Market is accounted for $8.76 billion in 2022 and is expected to reach $12.65 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Modular trailers are unique vehicles used in a variety of sectors to transport bulky, heavy, and difficult-to-disassemble freight. They are employed in mining operations due to their lateral stability feature. They are extensively employed in fields like construction and the iron and steel industries. The programme is used to command the trailers and produce an axel line. Because of the way they are built, they are designed to carry large loads. These trailers are available in a variety of setups to satisfy particular industrial standards.

According to the Indian Construction Equipment Manufacturer Association (ICEMA), the demand for earth moving and mining equipment during FY 2017–18 was significant, recording an increase of 23%. The rising demand for such equipment creates.



Market Dynamics:

Driver:

Rise in heavy engineering, construction & mining

According to estimates, the modular trailer market's section for heavy engineering is rapidly expanding. Modular trailers are used to move a lot of heavy engineering equipment, including steam generators and boilers. Additionally, trailers may move equipment and transfer already-built parts to locations for installation. The trailer is lighter and more durable thanks to its hydraulic pendulum axle and 53-degree steering angle. Concrete grinders, among other things, can be transported on it.

Restraint:

High maintenance cost

The investment cost is fairly significant because modular trailers are quite expensive and different trailer assemblies are needed for various purposes. Additionally, the trailers' maintenance costs are relatively high. If properly maintained, a brand-new trailer has an average useful life of 15 years. Modular trailers are more expensive than traditional trailers because they use air ride suspension. When the suspension is used for three years or more, the maintenance expense rises. As a result, the high price acts as a barrier to market expansion.

Opportunity:

Growing environmental concerns

Modular Trailer's expanding popularity is also influenced by its environmental advantages. The Trailer industry's reliance on large gear and high waste levels has an influence on sustainability. Some of these problems are solved using modular techniques. Higher precision is possible since a lot of the work in modular building is done in controlled surroundings. Projects require much less redo work as a result, resulting in less material and energy waste. Teams can also employ electronic technology that can run on renewable energy sources in place of diesel-powered heavy equipment in factory settings.

Threat:

Scarcity of qualified and skilled drivers

Rising tariffs for items are not exclusively a result of inflation. Additionally, there is a lack of truck drivers. The cost of transportation has increased since there aren't enough truckers to transport goods from Point A to Point B. Like any sector, trucking has seen periods where there were both too few and too many willing, qualified applicants. But during the past few years, both the freight industry and the number of drivers have steadily grown. Higher pay, shorter routes, and allowing younger drivers on intrastate routes are some of the current remedies to the truck driver shortage.

Covid-19 Impact

Due to lockdowns, travel restrictions, and business closures, the COVID-19 has had an impact on the businesses and industries of numerous nations. The closing of numerous plants and factories has had a detrimental influence on the production, delivery schedules, and sales of goods on the international market. Many employees around the world experienced layoffs and compensation reductions as a result of this pandemic.

The multi-axle segment is expected to be the largest during the forecast period

The multi-axle segment is estimated to have a lucrative growth, due to the rising need for mining and resource exploration operations in developing nations. Opportunities for manufacturers of modular trailers are growing due to a positive economic outlook and the expansion of the wind and energy and construction industries. The most important industries that are growing the market for manufacturers of modular trailers are probably those that use multi axle trailers.

The construction segment is expected to have the highest CAGR during the forecast period

The construction segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the movement of materials and equipment from one project to another at the same time as moving the already-built components to the locations where they will be put. These trailers are frequently used to transport things like huge girders, concrete beans, construction equipment, and bridge segments. Within the next ten years, it is expected that spending on capital-intensive projects and infrastructure will increase dramatically, which would increase the demand for transportation of building supplies and machinery.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the high demand from the mining sector and the introduction of creative solutions by major players, the market is anticipated to expand. Future growth in Asia Pacific is anticipated to be exponential due to rising demand from the building sector. Due to the rising need for raw resources, mining operations have expanded in the area. This has prompted numerous international businesses to set up shop in this area, making it the one with the highest rate of market growth.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to rising mining and resource development activity demand across several nations is presenting market prospects for modular trailers. Modular trailers facilitate the transfer of build sections to locations where they will be erected for construction businesses with projects spread across various regions. Large bridge sections, concrete beans, and construction equipment are all transported in modular trailers.



Key players in the market

Some of the key players profiled in the Modular Trailers Market include Anster, Demarko Special Trailers, Doll Fahrzeugbau GmbH, Fagioli S.p.A, Faymonville Group, Goldhofer, K-Line Trailers Ltd., Nooteboom Trailers, TII Group, VMT Industries Pvt. Ltd., ABCC, Hugeiron Tech, Shandong Titan Vehicle, VMT Industries, Tratec Engineers

Key Developments:

In October 2019, Faymonville Group acquired Stürzer Heavy Trucks a commercial vehicle dealer. This acquisition is expected to help the company to enhance the business presence and increase the profit ratio.

In September 2019, TII Group signed a contract with Vestas a global leader in sustainable energy solutions and manufacturer of wind power plants in terms of sales and installed capacity in order to deliver nine wind blade transport systems. This is expected to help the company to enhance the product portfolio and increase the customer base.

In September 2018, WABCO launched a modular braking platform for trailers. The company is focused inn development of advanced system that aid in improving the safely, efficiency and connectivity of commercial vehicles. The platform helps to address the change between anti-lock braking system and electronic braking system that enable the trailer to work functionally and supports the modularity and standardization. This is expected to help the company to enhance the product portfolio.

Types Covered:
• Telescopic/Extendable
• Lowboy
• Multi-axle
• Other Types

Number of Axles Covered:
• 2 Axles
• > 2 Axles

Applications Covered:
• Natural Mining
• Construction
• Heavy Engineering
• Wind & Energy
• Chemical
• Infrastructure
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Modular Trailer Market, By Type
5.1 Introduction
5.2 Telescopic/Extendable
5.3 Lowboy
5.4 Multi-axle
5.5 Other Types

6 Global Modular Trailer Market, By Number of Axles
6.1 Introduction
6.2 2 Axles
6.3 > 2 Axles

7 Global Modular Trailer Market, By Application
7.1 Introduction
7.2 Mining
7.3 Construction
7.4 Heavy Engineering
7.5 Wind & Energy
7.6 Chemical
7.7 Infrastructure
7.8 Other Applications

8 Global Modular Trailer Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Anster
10.2 Demarko Special Trailers
10.3 Doll Fahrzeugbau GmbH
10.4 Fagioli S.p.A
10.5 Faymonville Group
10.6 Goldhofer
10.7 K-Line Trailers Ltd.
10.8 Nooteboom Trailers
10.9 TII Group
10.10 VMT Industries Pvt. Ltd.
10.11 ABCC
10.12 Hugeiron Tech
10.13 Shandong Titan Vehicle
10.14 VMT Industries
10.15 Tratec Engineers

List of Tables
1 Global Modular Trailer Market Outlook, By Region (2020-2028) ($MN)
2 Global Modular Trailer Market Outlook, By Type (2020-2028) ($MN)
3 Global Modular Trailer Market Outlook, By Telescopic/Extendable (2020-2028) ($MN)
4 Global Modular Trailer Market Outlook, By Lowboy (2020-2028) ($MN)
5 Global Modular Trailer Market Outlook, By Multi-axle (2020-2028) ($MN)
6 Global Modular Trailer Market Outlook, By Other Types (2020-2028) ($MN)
7 Global Modular Trailer Market Outlook, By Number of Axles (2020-2028) ($MN)
8 Global Modular Trailer Market Outlook, By 2 Axles (2020-2028) ($MN)
9 Global Modular Trailer Market Outlook, By > 2 Axles (2020-2028) ($MN)
10 Global Modular Trailer Market Outlook, By Application (2020-2028) ($MN)
11 Global Modular Trailer Market Outlook, By Mining (2020-2028) ($MN)
12 Global Modular Trailer Market Outlook, By Construction (2020-2028) ($MN)
13 Global Modular Trailer Market Outlook, By Heavy Engineering (2020-2028) ($MN)
14 Global Modular Trailer Market Outlook, By Wind & Energy (2020-2028) ($MN)
15 Global Modular Trailer Market Outlook, By Chemical (2020-2028) ($MN)
16 Global Modular Trailer Market Outlook, By Infrastructure (2020-2028) ($MN)
17 Global Modular Trailer Market Outlook, By Other Applications (2020-2028) ($MN)
18 North America Modular Trailer Market Outlook, By Country (2020-2028) ($MN)
19 North America Modular Trailer Market Outlook, By Type (2020-2028) ($MN)
20 North America Modular Trailer Market Outlook, By Telescopic/Extendable (2020-2028) ($MN)
21 North America Modular Trailer Market Outlook, By Lowboy (2020-2028) ($MN)
22 North America Modular Trailer Market Outlook, By Multi-axle (2020-2028) ($MN)
23 North America Modular Trailer Market Outlook, By Other Types (2020-2028) ($MN)
24 North America Modular Trailer Market Outlook, By Number of Axles (2020-2028) ($MN)
25 North America Modular Trailer Market Outlook, By 2 Axles (2020-2028) ($MN)
26 North America Modular Trailer Market Outlook, By > 2 Axles (2020-2028) ($MN)
27 North America Modular Trailer Market Outlook, By Application (2020-2028) ($MN)
28 North America Modular Trailer Market Outlook, By Mining (2020-2028) ($MN)
29 North America Modular Trailer Market Outlook, By Construction (2020-2028) ($MN)
30 North America Modular Trailer Market Outlook, By Heavy Engineering (2020-2028) ($MN)
31 North America Modular Trailer Market Outlook, By Wind & Energy (2020-2028) ($MN)
32 North America Modular Trailer Market Outlook, By Chemical (2020-2028) ($MN)
33 North America Modular Trailer Market Outlook, By Infrastructure (2020-2028) ($MN)
34 North America Modular Trailer Market Outlook, By Other Applications (2020-2028) ($MN)
35 Europe Modular Trailer Market Outlook, By Country (2020-2028) ($MN)
36 Europe Modular Trailer Market Outlook, By Type (2020-2028) ($MN)
37 Europe Modular Trailer Market Outlook, By Telescopic/Extendable (2020-2028) ($MN)
38 Europe Modular Trailer Market Outlook, By Lowboy (2020-2028) ($MN)
39 Europe Modular Trailer Market Outlook, By Multi-axle (2020-2028) ($MN)
40 Europe Modular Trailer Market Outlook, By Other Types (2020-2028) ($MN)
41 Europe Modular Trailer Market Outlook, By Number of Axles (2020-2028) ($MN)
42 Europe Modular Trailer Market Outlook, By 2 Axles (2020-2028) ($MN)
43 Europe Modular Trailer Market Outlook, By > 2 Axles (2020-2028) ($MN)
44 Europe Modular Trailer Market Outlook, By Application (2020-2028) ($MN)
45 Europe Modular Trailer Market Outlook, By Mining (2020-2028) ($MN)
46 Europe Modular Trailer Market Outlook, By Construction (2020-2028) ($MN)
47 Europe Modular Trailer Market Outlook, By Heavy Engineering (2020-2028) ($MN)
48 Europe Modular Trailer Market Outlook, By Wind & Energy (2020-2028) ($MN)
49 Europe Modular Trailer Market Outlook, By Chemical (2020-2028) ($MN)
50 Europe Modular Trailer Market Outlook, By Infrastructure (2020-2028) ($MN)
51 Europe Modular Trailer Market Outlook, By Other Applications (2020-2028) ($MN)
52 Asia Pacific Modular Trailer Market Outlook, By Country (2020-2028) ($MN)
53 Asia Pacific Modular Trailer Market Outlook, By Type (2020-2028) ($MN)
54 Asia Pacific Modular Trailer Market Outlook, By Telescopic/Extendable (2020-2028) ($MN)
55 Asia Pacific Modular Trailer Market Outlook, By Lowboy (2020-2028) ($MN)
56 Asia Pacific Modular Trailer Market Outlook, By Multi-axle (2020-2028) ($MN)
57 Asia Pacific Modular Trailer Market Outlook, By Other Types (2020-2028) ($MN)
58 Asia Pacific Modular Trailer Market Outlook, By Number of Axles (2020-2028) ($MN)
59 Asia Pacific Modular Trailer Market Outlook, By 2 Axles (2020-2028) ($MN)
60 Asia Pacific Modular Trailer Market Outlook, By > 2 Axles (2020-2028) ($MN)
61 Asia Pacific Modular Trailer Market Outlook, By Application (2020-2028) ($MN)
62 Asia Pacific Modular Trailer Market Outlook, By Mining (2020-2028) ($MN)
63 Asia Pacific Modular Trailer Market Outlook, By Construction (2020-2028) ($MN)
64 Asia Pacific Modular Trailer Market Outlook, By Heavy Engineering (2020-2028) ($MN)
65 Asia Pacific Modular Trailer Market Outlook, By Wind & Energy (2020-2028) ($MN)
66 Asia Pacific Modular Trailer Market Outlook, By Chemical (2020-2028) ($MN)
67 Asia Pacific Modular Trailer Market Outlook, By Infrastructure (2020-2028) ($MN)
68 Asia Pacific Modular Trailer Market Outlook, By Other Applications (2020-2028) ($MN)
69 South America Modular Trailer Market Outlook, By Country (2020-2028) ($MN)
70 South America Modular Trailer Market Outlook, By Type (2020-2028) ($MN)
71 South America Modular Trailer Market Outlook, By Telescopic/Extendable (2020-2028) ($MN)
72 South America Modular Trailer Market Outlook, By Lowboy (2020-2028) ($MN)
73 South America Modular Trailer Market Outlook, By Multi-axle (2020-2028) ($MN)
74 South America Modular Trailer Market Outlook, By Other Types (2020-2028) ($MN)
75 South America Modular Trailer Market Outlook, By Number of Axles (2020-2028) ($MN)
76 South America Modular Trailer Market Outlook, By 2 Axles (2020-2028) ($MN)
77 South America Modular Trailer Market Outlook, By > 2 Axles (2020-2028) ($MN)
78 South America Modular Trailer Market Outlook, By Application (2020-2028) ($MN)
79 South America Modular Trailer Market Outlook, By Mining (2020-2028) ($MN)
80 South America Modular Trailer Market Outlook, By Construction (2020-2028) ($MN)
81 South America Modular Trailer Market Outlook, By Heavy Engineering (2020-2028) ($MN)
82 South America Modular Trailer Market Outlook, By Wind & Energy (2020-2028) ($MN)
83 South America Modular Trailer Market Outlook, By Chemical (2020-2028) ($MN)
84 South America Modular Trailer Market Outlook, By Infrastructure (2020-2028) ($MN)
85 South America Modular Trailer Market Outlook, By Other Applications (2020-2028) ($MN)
86 Middle East & Africa Modular Trailer Market Outlook, By Country (2020-2028) ($MN)
87 Middle East & Africa Modular Trailer Market Outlook, By Type (2020-2028) ($MN)
88 Middle East & Africa Modular Trailer Market Outlook, By Telescopic/Extendable (2020-2028) ($MN)
89 Middle East & Africa Modular Trailer Market Outlook, By Lowboy (2020-2028) ($MN)
90 Middle East & Africa Modular Trailer Market Outlook, By Multi-axle (2020-2028) ($MN)
91 Middle East & Africa Modular Trailer Market Outlook, By Other Types (2020-2028) ($MN)
92 Middle East & Africa Modular Trailer Market Outlook, By Number of Axles (2020-2028) ($MN)
93 Middle East & Africa Modular Trailer Market Outlook, By 2 Axles (2020-2028) ($MN)
94 Middle East & Africa Modular Trailer Market Outlook, By > 2 Axles (2020-2028) ($MN)
95 Middle East & Africa Modular Trailer Market Outlook, By Application (2020-2028) ($MN)
96 Middle East & Africa Modular Trailer Market Outlook, By Mining (2020-2028) ($MN)
97 Middle East & Africa Modular Trailer Market Outlook, By Construction (2020-2028) ($MN)
98 Middle East & Africa Modular Trailer Market Outlook, By Heavy Engineering (2020-2028) ($MN)
99 Middle East & Africa Modular Trailer Market Outlook, By Wind & Energy (2020-2028) ($MN)
100 Middle East & Africa Modular Trailer Market Outlook, By Chemical (2020-2028) ($MN)
101 Middle East & Africa Modular Trailer Market Outlook, By Infrastructure (2020-2028) ($MN)
102 Middle East & Africa Modular Trailer Market Outlook, By Other Applications (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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