Dublin, Sept. 01, 2022 (GLOBE NEWSWIRE) — The "Global Truck Trailer Market, By Application Type (Logistics, Construction, Mining), By Truck Tonnage Capacity (Class1, Class2, Class3 Class4, Class5, Class6, Class7, Class8), By Trailer Type, By Vehicle Type, By Region, Competition Forecast and Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Truck Trailer Market stood at USD350.92 billion in 2020 and is expected to grow at a CAGR of around 6.18% to reach USD504.98 billion in 2026. The rise in the investments made by leading authorities of developing economies for the development of the transportation sector and infrastructure development, ongoing construction activities, and launch of new models of the truck trailer are the primary factors driving the growth of the Global Truck Trailer Market in the forecast period.
Increasing sales of trucks are accelerating the demand for truck trailers all around the globe. Emerging economies are actively promoting trade activities between the country and other countries. The demand for trucks is expected to rise in the forecast period to run the business efficiently and maintain a smooth supply chain.
With growing urbanization and industrialization, the market is expected to witness a continuous rise. Truck trailers find applications from several end-user industries such as oil & gas, agriculture, mining, construction, retail, logistics, and others. Truck trailers are used to carry construction materials and other raw materials and equipment essential to carry out construction and mining activities without any hassle. Due to the growing expenditure capacity of consumers, the production and sales of two-wheelers and four-wheelers are expected to witness a massive growth in the forecast period. Players are investing in replacing the existing fleets with advanced and newer versions of truck trailers which are expected to create lucrative opportunities for the market growth.
Objective of the Study:
Report Scope:
In this report, the Global Truck Trailer Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Truck Trailer Market, By Application Type
Global Truck Trailer Market, By Truck Tonnage Capacity
Global Truck Trailer Market, By Trailer Type
Global Truck Trailer Market, By Application Type
Global Truck Trailer Market, By Region
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Truck Trailer Market Production Overview
6. Global Truck Trailer Market Outlook
7. North America Truck Trailer Market Outlook
8. Asia Pacific Truck Trailer Market Outlook
9. Europe Truck Trailer Market Outlook
10. South America Truck Trailer Market Outlook
11. Middle East and Africa Truck Trailer Market Outlook
12. Market Dynamics
13. Market Trends & Developments
14. Price Point Analysis
15. Policy & Regulatory Landscape
16. Competitive Landscape
17. Strategic Recommendations
18. About the Publisher & Disclaimer
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/onxqcy
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