The Asia Pacific Automotive Trailer Market would witness market growth of 4.5% CAGR during the forecast period (2022-2028).
Stock trailers or horse trailers vary in size from small units that can carry one to three animals and can be towed by a pickup truck, SUV, or even a quad cycle to massive semi-trailers that can transport a substantial number of animals. A trailer coupler is used to connect the trailer to the vehicle that is towing it.
The trailer coupler is used to connect the trailer ball. This creates a ball-and-socket connection between the towing vehicle and trailer, allowing for relative mobility while towing over bumpy road surfaces. The trailer ball is attached to either the back bumper or a retractable drawbar. Inserting and attaching the drawbar into the hitch receiver secures it to the trailer hitch. A-frame couplers, straight couplers, as well as adjustable couplers are the most popular types of couplers.
Bumper-pull attachments and draw bars can exert a significant amount of leverage on the tow vehicle, making it more difficult to recover from a swerving scenario. Both hitches are superior to a receiver hitch because they enable a more efficient as well as central connection of a larger trailer to the towing vehicle. They can transport huge weights without compromising the vehicle's stability.
Asia-pacific is a lucrative hub for players in the automotive trailer market. This is because Asian countries have promising GDP growth and a substantial presence of automotive systems and component manufacturers. In addition, the increasing demand for passenger automobiles and commercial vehicles as a result of rising disposable income has a direct impact on the market expansion in emerging Asian nations such as China, Malaysia, India, and others. Moreover, the output of passenger vehicles in Asia-Pacific is rising with the development of the country despite the region's population growth (OICA).
The China market dominated the Asia Pacific Automotive Trailer Market by Country in 2021; thereby, achieving a market value of $2.8 billion by 2028. The Japan market is registering a CAGR of 3.9% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 5.2% during (2022 - 2028).
Based on Vehicle Type the market is segmented into Commercial Vehicle, Two-wheeler & Bike and Passenger Car. Based on Axle Type, the market is segmented Tandem Axle, Single Axle and Three or More Than Three Axle. Based on Trailer Type the market is segmented into Dry Van & Box, Refrigerator, Chemical & Liquid, Tipper, Flatbed and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Trailer Market is Projected to reach USD 27.3 Billion by 2028, at a CAGR of 4.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hyundai Motor Company, Wabash National Corporation, Böckmann Fahrzeugwerke GmbH, China International Marine Containers (Group) Ltd., Dennison Trailers Ltd., Great Dane Trailers, Humbaur GmbH, Ifor Williams Trailers Ltd. and Schmitz Cargobull AG.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
- Commercial Vehicle
- Two-wheeler & Bike
- Passenger Car
By Axle Type
- Tandem Axle
- Single Axle
- Three or More Than Three Axle
By Trailer Type
- Dry Van & Box
- Refrigerator
- Chemical & Liquid
- Tipper
- Flatbed
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Hyundai Motor Company
- Wabash National Corporation
- Böckmann Fahrzeugwerke GmbH
- China International Marine Containers (Group) Ltd.
- Dennison Trailers Ltd.
- Great Dane Trailers
- Humbaur GmbH
- Ifor Williams Trailers Ltd.
- Schmitz Cargobull AG
TABLE 1 Asia Pacific Automotive Trailer Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Automotive Trailer Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Automotive Trailer Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Automotive Trailer Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Commercial Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Commercial Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Two-wheeler & Bike Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Two-wheeler & Bike Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Passenger Car Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Passenger Car Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Automotive Trailer Market by Axle Type, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Automotive Trailer Market by Axle Type, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Tandem Axle Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Tandem Axle Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Single Axle Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Single Axle Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Three or More Than Three Axle Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Three or More Than Three Axle Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Automotive Trailer Market by Trailer Type, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Automotive Trailer Market by Trailer Type, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Dry Van & Box Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Dry Van & Box Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Refrigerator Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Refrigerator Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Chemical & Liquid Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Chemical & Liquid Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Tipper Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Tipper Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Flatbed Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Flatbed Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Automotive Trailer Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Automotive Trailer Market by Country, 2022 - 2028, USD Million
TABLE 35 China Automotive Trailer Market, 2018 - 2021, USD Million
TABLE 36 China Automotive Trailer Market, 2022 - 2028, USD Million
TABLE 37 China Automotive Trailer Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 38 China Automotive Trailer Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 39 China Automotive Trailer Market by Axle Type, 2018 - 2021, USD Million
TABLE 40 China Automotive Trailer Market by Axle Type, 2022 - 2028, USD Million
TABLE 41 China Automotive Trailer Market by Trailer Type, 2018 - 2021, USD Million
TABLE 42 China Automotive Trailer Market by Trailer Type, 2022 - 2028, USD Million
TABLE 43 Japan Automotive Trailer Market, 2018 - 2021, USD Million
TABLE 44 Japan Automotive Trailer Market, 2022 - 2028, USD Million
TABLE 45 Japan Automotive Trailer Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 46 Japan Automotive Trailer Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 47 Japan Automotive Trailer Market by Axle Type, 2018 - 2021, USD Million
TABLE 48 Japan Automotive Trailer Market by Axle Type, 2022 - 2028, USD Million
TABLE 49 Japan Automotive Trailer Market by Trailer Type, 2018 - 2021, USD Million
TABLE 50 Japan Automotive Trailer Market by Trailer Type, 2022 - 2028, USD Million
TABLE 51 India Automotive Trailer Market, 2018 - 2021, USD Million
TABLE 52 India Automotive Trailer Market, 2022 - 2028, USD Million
TABLE 53 India Automotive Trailer Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 54 India Automotive Trailer Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 55 India Automotive Trailer Market by Axle Type, 2018 - 2021, USD Million
TABLE 56 India Automotive Trailer Market by Axle Type, 2022 - 2028, USD Million
TABLE 57 India Automotive Trailer Market by Trailer Type, 2018 - 2021, USD Million
TABLE 58 India Automotive Trailer Market by Trailer Type, 2022 - 2028, USD Million
TABLE 59 South Korea Automotive Trailer Market, 2018 - 2021, USD Million
TABLE 60 South Korea Automotive Trailer Market, 2022 - 2028, USD Million
TABLE 61 South Korea Automotive Trailer Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 62 South Korea Automotive Trailer Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 63 South Korea Automotive Trailer Market by Axle Type, 2018 - 2021, USD Million
TABLE 64 South Korea Automotive Trailer Market by Axle Type, 2022 - 2028, USD Million
TABLE 65 South Korea Automotive Trailer Market by Trailer Type, 2018 - 2021, USD Million
TABLE 66 South Korea Automotive Trailer Market by Trailer Type, 2022 - 2028, USD Million
TABLE 67 Singapore Automotive Trailer Market, 2018 - 2021, USD Million
TABLE 68 Singapore Automotive Trailer Market, 2022 - 2028, USD Million
TABLE 69 Singapore Automotive Trailer Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 70 Singapore Automotive Trailer Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 71 Singapore Automotive Trailer Market by Axle Type, 2018 - 2021, USD Million
TABLE 72 Singapore Automotive Trailer Market by Axle Type, 2022 - 2028, USD Million
TABLE 73 Singapore Automotive Trailer Market by Trailer Type, 2018 - 2021, USD Million
TABLE 74 Singapore Automotive Trailer Market by Trailer Type, 2022 - 2028, USD Million
TABLE 75 Malaysia Automotive Trailer Market, 2018 - 2021, USD Million
TABLE 76 Malaysia Automotive Trailer Market, 2022 - 2028, USD Million
TABLE 77 Malaysia Automotive Trailer Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 78 Malaysia Automotive Trailer Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 79 Malaysia Automotive Trailer Market by Axle Type, 2018 - 2021, USD Million
TABLE 80 Malaysia Automotive Trailer Market by Axle Type, 2022 - 2028, USD Million
TABLE 81 Malaysia Automotive Trailer Market by Trailer Type, 2018 - 2021, USD Million
TABLE 82 Malaysia Automotive Trailer Market by Trailer Type, 2022 - 2028, USD Million
TABLE 83 Rest of Asia Pacific Automotive Trailer Market, 2018 - 2021, USD Million
TABLE 84 Rest of Asia Pacific Automotive Trailer Market, 2022 - 2028, USD Million
TABLE 85 Rest of Asia Pacific Automotive Trailer Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 86 Rest of Asia Pacific Automotive Trailer Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Automotive Trailer Market by Axle Type, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Automotive Trailer Market by Axle Type, 2022 - 2028, USD Million
TABLE 89 Rest of Asia Pacific Automotive Trailer Market by Trailer Type, 2018 - 2021, USD Million
TABLE 90 Rest of Asia Pacific Automotive Trailer Market by Trailer Type, 2022 - 2028, USD Million
TABLE 91 key Information – Hyundai Motor Company
TABLE 92 Key Information – Wabash National Corporation
TABLE 93 Key Information – Böckmann Fahrzeugwerke GmbH
TABLE 94 Key Information – China International Marine Containers Co., Ltd.
TABLE 95 Key Information – Dennison Trailers Ltd.
TABLE 96 Key Information – Great Dane LLC
TABLE 97 Key Information – Humbaur GmbH
TABLE 98 Key Information – Ifor Williams Trailers Ltd.
TABLE 99 Key Information – Schmitz Cargobull AG
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Hyundai Motor Company