Modular Trailer Market worth $19.6 billion by 2027

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MarketsandMarkets Presents

Modular Trailer Market worth 19.6 billion by 2027
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odular-trailer-market-104912370.html
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The report "Modular Trailer Market by Type
(Multi-Axle, Telescopic/Extendable, and Lowboy
Trailer), Axles (2 Axles and gt2 Axles),
Application (Construction Infrastructure,
Mining, Wind Energy and Heavy Engineering), and
Region - Global Forecast to 2027", The modular
trailer market, by value, is projected to grow to
USD 19.6 billion by 2027 from USD 14.0 billion in
2019, at a CAGR of 4.3. The increasing demand
for modular trailers in construction and
infrastructure, mining, wind energy, and heavy
engineering will drive the growth of the modular
trailer market. Browse 64 market data Tables
and 33 Figures spread through 104 Pages and
in-depth TOC on "Modular Trailer Market Get
The PDF Brochure For This Report _at_
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Multi-axle trailer to be the largest segment, by
trailer typeThe multi-axle trailer segment is
projected to lead the modular trailer market, by
trailer type. Multi-axle trailers are used in all
major application industries. End users prefer
multi-axle trailers, especially due to their
unique featurecustomizable as per the payload
requirement. The per axle payload capacity of
multi-axle trailers starts from 15 tons. Heavy
engineering to be the fastest growing segment of
the modular trailer market, by applicationHeavy
engineering is the fastest growing segment, by
application. This segment includes nuclear power
equipment (steam generators, reactor pressure
vessels, turbines, generators) and industrial
equipment (fire-tube boilers, water-tube
boilers). Increasing activities and developments
in the nuclear power plant industry lead to more
usage of modular trailers for transportation of
heavy engineering equipment from manufacturing
locations to the installation sites. The demand
for industrial equipment is progressing at a
rapid pace, owing to rapid industrialization and
urbanization in various countries worldwide.
Increasing demand for such equipment would drive
the demand for transportation, thereby driving
the modular trailer market. Request for
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Asia Pacific is expected to hold the largest
market for modular trailers during the forecast
period Asia Pacific is estimated to account for
the largest share of the market for modular
trailers from 2019 to 2027. Asia Pacific has
witnessed growth in the modular trailer market
for the past couple of years. The region
comprises economies like India, China, and South
Korea. High growth in these countries offers new
opportunities in the modular trailer market. The
increase in the overall industrial production has
led to increased freight transportation, fueling
the demand for modular trailers in this region.
Therefore, Asia Pacific is estimated to be the
largest market for modular trailers, particularly
for multi-axle trailers. The modular trailer
market is dominated by global players and
comprises several regional players as well. The
key players in the modular trailer market are
Goldhofer (Germany), Nooteboom Trailers
(Netherlands), Faymonville (Italy), VMT
Industries (India), TII Group (Germany) K-Line
trailers (Canada), Tratec Engineers (India), and
Anster (China). Request for Sample Pages _at_
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• Recent Developments
• In March 2019, Faymonville Group launched a blade
  lifter with the name BladeMAX. This blade lifter
  has a huge load capacity of 716.5 tons. It helps
  transport mega wind turbine blades safely and
  efficiently in wooded or built-up areas, narrow
  streets, or mountainous regions.
• In January 2019, Faymonville Group acquired
  commercial vehicle dealer Stürzer Heavy Trucks.
  This acquisition expanded Faymonville Group's
  activities in South Germany, Austria, and
  Switzerland.
• In June 2019, TII Group and Vestas signed a
  contract for nine wind blade transport systems.
  Vestas is the global leader in sustainable energy
  solutions and manufacturer of wind power plants
  in terms of sales and installed capacity. This
  contract would help the development of new
  transport solutions to improve TIIs ability to
  transport its longest blades over long distances
  in a flexible and cost-efficient way.
• To speak to our analyst for a discussion on the
  above findings, click Speak to Analyst

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