The Europe Automotive Trailer Market would witness market growth of 3.7% CAGR during the forecast period (2022-2028).
Motorcycle trailers are typically small and designed to resemble the motorcycle they are meant to be towed behind. There are variations with two wheels and single wheels. Single-wheeled trailers are typically equipped with a universal joint that allows the trailer to tilt and rotate with the motorcycle.
Different types of trailers are used to transport livestock, like cattle, horses, sheep, and pigs. The most popular type is the stock trailer, which is enclosed on the bottom but features ventilation vents at approximately eye level for the animals. The horse trailer is a sophisticated variation of the stock trailer. Because horses are typically transported for competition or labor, where they must be in an excellent physical state, horse trailers are constructed with the animals' comfort and safety in mind.
They typically have adjustable vents and windows, as well as suspension engineered to reduce animal discomfort and give a pleasant ride. In addition, horse trailers are equipped with internal partitions that help the horse in remaining upright during transport and prevent horses from hurting each other during transport. Larger horse trailers may feature additional storage areas for tack and even extensive living quarters with sleeping areas, bathrooms, and kitchens, among other amenities.
The European automotive trailer market is anticipated to grow at an exponential pace in the coming years. The largest private investors in research and development (R&D) in Europe opened the path for the automotive trailer business, which led to Europe seeing extraordinary growth in the worldwide market. In addition, there has been an increase in the number of people killed on the roads of the United Kingdom, which, when combined with the presence of government regulations for road safety, is expected to speed up the demand for automobile trailers.
The Germany market dominated the Europe Automotive Trailer Market by Country in 2021; thereby, achieving a market value of $1.7 billion by 2028. The UK market is exhibiting a CAGR of 2.9% during (2022 - 2028). Additionally, The France market would experience a CAGR of 4.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automotive Trailer Market will Hit $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.
By Vehicle Type
By Axle Type
By Trailer Type
By Country
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