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Trailer Wheel Market is estimated to grow at a CAGR of 5.2% from 2022 to 2031

Trailers are unpowered vehicles towed by powered vehicles with the help of a hitch. These trailers are used for transportation of goods and commodities from one place to another. They are majorly used by cargo companies to transfer their goods either nationally or internationally. Moreover, they are used for recreational purposes such as to carry luggage, such as fishing boats, or as mobile homes with limited facilities.

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Trailer Wheel Market is estimated to grow at a CAGR of 5.2% from 2022 to 2031

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  1. We use cookies for a better user experience. Read our Privacy Policy I Agree Search report Keywords Home / Automotive / Automotive / Trailer Wheel Market Trailer Wheel Market Rep Id : TMRGL84857 Trailer Wheel Market (Wheel Size: 8 to 12 inch, 12 to 16 inch, 16 to 20 inch, and Above 20 inch; Material: Steel and Aluminum) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031 July 2022 Automotive Report Preview Table of Content Transparency Plus 170 Pages Trailer Wheel Market Outlook 2031 Request FREE Sample The globaltrailer wheel market was valued over US$ 0.9 Bn in 2021 It is estimated to grow at a CAGR of 5.2% from 2022 to 2031 The globaltrailer wheel market is expected to surpass value of US$ 1.5 Bn by the end of Select License Type 2031 Single User license $5795 Analysts’ Viewpoint on Global Trailer Wheel Market Scenario Multi-User license $8795 Rise in industrialization and rapid growth of the transportation industry, increase in trade volume and proportion, considerable increase in disposable income in emerging economies such as India, China, Corporate license $11795 and Brazil, collectively, continue to offer an indirect propel to the trailer wheel market. Furthermore, an Buy Now increase in the demand for durability of automobiles is a key factor that is projected to drive the global trailer wheel market during the forecast period. The global trailer wheel market is also driven Safe and Secure SSL Encrypted by the growth of the logistics industry coupled with the increase in cold chain transportation, Get A Special pricing for start-ups and universities. reduction in cost, and extra carriage capacity of the trailers. Overview of Global Trailer Wheel Market Request Discount

  2. Trailers are unpowered vehicles towed by powered vehicles with the help of a hitch. These trailers are used for transportation of goods and commodities from one place to another. They are majorly - Need More Info? - used by cargo companies to transfer their goods either nationally or internationally. Moreover, they are used for recreational purposes such as to carry luggage, such as fishing boats, or as mobile Enquiry Before Buying homes with limited facilities. A trailer wheel is a circular frame made of hard material, such as steel and aluminum, which may Request Methodology be solid or partly solid that is capable of turning on an axle. Various types of wheels are fitted to trailers; many of them especially for trailer use. According to the Ministry of Road Transport and Ask References Highways Government of India, trailer wheels have a load carrying capacity of 49 tons in case of rigid vehicles, and 55 tons in case of semi-articulated trailers and truck trailers except modular Free Customization hydraulic trailers. According to the latest report published by Transparency Market Research, the global trailer wheel market is projected to grow owing to technological advancements carried out by key players - Want to customize this report? - operating in the trailer wheel market. For instance, Hendrickson introduced Watchman advanced We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. wheel-end sensor technology for trailers that operate on the vehicle area network developed by Intelligence to Sensata Technologies in 2019. The initial product offering would include trailer tire pressure monitoring, wheel-end temperature, and wheel-end vibration data that would be communicated to the fleet through the tractor telematics system pulling the trailer. Hendrickson is working with the We offer 100% Free Customisation at the time of purchase Society of Automotive Engineers (SAE) to develop standards for the industry in the communication of data and fault codes for trailer wheel-end information. Request a sample to get extensive insights into the Trailer Wheel Market Connect To Analyst Growth of Logistics Industry and Rise in Cold Chain Transportation to Drive Global Market Road transportation is the most utilized mode of transportation in the logistics sector, as it offers - Trusted Partners - better cost advantages over other modes. Thus, logistics is one of the key end-use industries for trailers. Additionally, rapid rise of manufacturing, agricultural, construction, and other industries increases the demand for logistics and supply chain services. Moreover, most companies rely on

  3. third-party logistics companies to reduce investments in fleet and workforce, and availability of Quick Contact 866-552-3453 various types of container, tank, and flatbeds as per the requirement of companies. Therefore, wheels are an important part of the trailer. +1-518-618-1030 Contact by email Moreover, dependence of e-commerce companies on logistics service providers to ensure transportation of goods through warehouses and distribution hubs has increased, owing to the significant increase in e-commerce activities. Thus, logistics companies, primarily less than Why trust Us? truckload (LTL) and full truckload (FTL) freight shipping companies, are increasingly adopting 5 Million+ Market Data trailers due to versatility being offered in terms of load carrying capacity. Additionally, trailers offer the lowest cost of transportation per ton per km, as compared to rigid truck, which is further enhancing its adoption for logistics operations. Therefore, it increases the demand for wheels, such as steel and aluminum, which, in turn, boosts the trailer wheel market across the globe. - Related Reports - Governments of various countries are expanding their cold chain industry infrastructure to cater to Two-wheeler Services Market the rising demand. For instance, in September 2020, the Ministry of Food Processing Industries India (MOFPI) approved 27 cold chain projects that cost around US$ 100 Mn, thus, creating a First and Last Mile Delivery Market significant demand for reefer trailer. Therefore, growth of the cold chain and logistics industry Multi-domain Controller Market drives the trailer wheel market. Connected Car Devices Market Shared Mobility Market Rise in Demand for Fifth Wheel Trailers to Fuel Market Growth Fifth wheel trailers are gaining popularity as spacious recreational vehicles (RVs), complemented by their high ceilings, split-level design, and greater number of slide-out rooms. Fifth wheel trailers have gained widespread acceptance worldwide among consumers as well as for commercial purposes despite being frowned upon due to their size after their initial introduction in the market. Easy handling and enhanced comfort offered by fifth wheel trailers are key factors that boost their demand and sales across the globe. Fifth wheel trailer offers increased flexibility, along with the provision of a luxurious rig with bi-level options, thereby driving their demand across the globe. Sensing varied requirements of end-users, manufacturers have introduced a wide range of fifth wheel trailer variants, which include hybrid travel trailer, tent camping trailer, and truck camper.

  4. Leading manufacturers of fifth wheel trailers have been focusing on efficient equilibrium of weight of these vehicles with towing capacities of trucks. The development of lightweight fifth wheel trailers that offer increased fuel-efficiency has also been one of the key development areas of leading fifth wheel trailer manufacturers. All these factors are anticipated to propel the demand for trailer wheels and consequently, boost the trailer wheel market across the globe. High Demand for Recreational Trailer Wheels Owing to Low Price In terms of type, the global trailer wheel market has been classified into horse and livestock trailers, gooseneck trailers, utility trailers, boat trailers, livestock agricultural trailers, recreational trailers, box trailers, axle manufactured home and mobile home, and other trailers. The recreational trailers segment held a key share of 20.70% of the global market in 2021. The segment is estimated to maintain its position in the market and grow at a CAGR of more than 5.77% during the forecast period. Rise in the number of middle-class consumers with increasing discretionary income in a number of countries, particularly emerging markets, provide significant opportunities for manufacturers of RVs. Numerous U.S.-based manufacturers that have been involved in export are focusing much of their attention to date on emerging RV markets in Asia – particularly China, Korea, and Japan. Several consumers prefer U.S.-made RVs, as they can be outfitted with features that European models cannot provide at a comparable price. European-built RVs do not have slide outs, and tend to be smaller and more expensive than U.S. models. Increase in Demand for Aluminum Trailer Wheels Due to Low Weight and Durability Based on material, the global trailer wheel market has been bifurcated into steel and aluminum. The aluminum segment held a large share of 51.74% of the global market in 2021. The segment is estimated to maintain its position in the market and grow at a CAGR of more than 7.73% during the forecast period. Aluminum trailer wheels are corrosion-resistant, durable, and lightweight as compared to steel trailer wheels. Aluminum wheels also appear attractive when they are fitted on a trailer, and many people prefer the look of aluminum alloy wheels to any other options. Regional Outlook for Global Trailer Wheel Market North America dominates the global trailer wheel market, and the region accounted for a key share of the market, in terms of revenue share, in 2021. North America is expected to hold more than

  5. 44.38% share of the global market, owing to the presence of prominent players across the region. Moreover, rapid industrialization and rise of the logistics industry are other factors boosting the trailer wheel market in the region. Industrial growth in countries such as the U.S. and Canada has fuelled the demand for freight transportation in these countries. This, in turn, is likely to propel the demand for trailer wheels across the region. Asia Pacific holds a significant share of the global trailer wheel market due to increase in disposable income, tough competition, and rise in population across the region. The growth of the trailer wheel market in Asia Pacific can be primarily attributed to the rising demand for semi- trailers and emergence as well as adoption of new technologies in wheel manufacturing. Analysis of Key Players in Trailer Wheel Market The global trailer wheel market is fragmented with several manufacturers controlling the market share, and key companies viewing the potential to increase the pace of growth by the way of using newer technologies in the manufacturing trailer wheels. Diversification of product portfolios and mergers & acquisitions are significant strategies adopted by key players. Some of the key manufacturers identified in the trailer wheel market across the globe are Burquip, Dexstar Wheel, Global Wheel, Hendrickson USA, L.L.C, JBH Wheels, JS Wheels, Kenda Americana Tire & Wheel, Maxion Wheels, RIMEX, The Carlstar Group LLC, Tinmy Wheel Rim Factory, Treadway, Vlukon, and Wheels India Limited. Each of these players has been profiled in the trailer wheel market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments. Request a custom report on Trailer Wheel Market Key Developments in Global Trailer Wheel Market In January 2017, Jost International introduced the JSK37USK series air-release fifth wheel with a sensor coupling system that allows the driver to confirm that the fifth wheel is properly and safely coupled from inside the cab. The JSK37USK’s sensor coupling system

  6. contains dual sensors. The first sensor verifies that the kingpin is in the lock position, and the second sensor indicates that the fifth wheel is locked and the release handle secured. Global Trailer Wheel Market Snapshot Attribute Detail Market Size US$ 0.9 Bn Value in 2021 Market Forecast US$ 1.5 Bn Value in 2031 Growth Rate 5.2% (CAGR) Forecast 2022–2031 Period Historical Data Available 2017–2021 for Quantitative US$ Bn for Value and Thousand Units for Volume Units Market It includes cross segment analysis at global as well as regional level.

  7. Analysis Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. Market share analysis by company (2021) Competition Company profiles section includes overview, product portfolio, sales Landscape footprint, key subsidiaries or distributors, strategy & recent developments, and key financials Format Electronic (PDF) + Excel Market Wheel Size Segmentation 8 to 12 inch 12 to 16 inch 16 to 20 inch Above 20 inch Material Steel Aluminum Type Horse and Livestock Trailers Gooseneck Trailers Utility Trailers Boat Trailers Livestock Agricultural Trailers Recreational Trailers Box Trailer Axle Manufactured Home and Mobile Home Other Trailers

  8. Application Construction Equipment Agricultural Equipment Recreational Vehicle (RV) Trailers Towable RV 5th Wheel Trailers Other Towable RV’s Motor Homes Utility Application Others North America Europe Regions Asia Pacific Covered Middle East & Africa Latin America Countries U.S. Covered Canada Germany U.K. France Spain Italy Russia & CIS Japan China India ASEAN

  9. Brazil Mexico GCC Countries South Africa Burquip Dexstar Wheel Global Wheel Hendrickson USA, L.L.C JBH Wheels JS Wheels Companies Kenda Americana Tire & Wheel Profiled Maxion Wheels RIMEX The Carlstar Group LLC Tinmy Wheel Rim Factory Treadway Vlukon Wheels India Limited Customization Available upon request Scope Pricing Available upon request

  10. Get Free Sample Interested in this report? Get a FREE sample now! *Get Sample Report (PDF) sent to your email within minutes Frequently Asked Questions How big was the trailer wheel market in 2021? The trailer wheel market was valued over US$ 0.9 Bn in 2021. How is the trailer wheel market expected to grow by 2031? How much worth the trailer wheel market will be in 2031? Which key trends are driving the trailer wheel market? Which wheel size segment accounts for the largest share of the trailer wheel market? Which region is most lucrative in the trailer wheel market? Who are the prominent players in the trailer wheel market? - Help - - Follow Us -

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