Expert Market Research’s new report titled ‘Global Truck and Trailer Undercarriage Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global Truck and Trailer Undercarriage Market, assessing the market based on its segments like type, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026):
- Forecast CAGR (2021-2026): 7%
One of the most significant advancements in the truck and trailer landing gear industry is the rising popularity of automatic landing gears which will have a substantial impact on the growth of the market. The mechanical landing gears are safe and pleasant. For heavy-duty and trailer drivers, these items are essential for carrying out mining, construction and logistics activities. Landing with automated gears eliminates the risk of injury. The deployment time of these landing gears has also been reduced. Truck and trailer landing gears are increasingly in demand due to these considerations. Increased demand for the product in the commercial and construction sectors, along with electronically controlled landing gears, are all helping to propel the market forward.
Industry definition and major segments
When the trailer is parked or separated from the truck, the trailer undercarriage is a support bracket or pillars that provide stability and support. Whether the container is hitched to the automobile or tractor or detached, the trailer’s undercarriage helps maintain its position. After the trailer is removed from the truck or tractor, two landing legs or landing pillars are provided at the front to support the trailer.
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The Truck and Trailer Landing Gear industry can be segmented based on its type into:
- Manual landing gear
- Automatic landing gear
Based on Region, the market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The growing demand for logistics necessitates the use of trucks and trailers, which has spurred the expansion of the truck landing gear industry. Additionally, growing fleet of trailers and rising volume of international trade are propelling the truck landing gear market forward. Government limits on carbon emissions and an increase in demand for the installation of truck undercarriages in current trailers are two factors that are likely to drive demand for new trailers and trucks, driving the global undercarriage market. truck landing during the forecast period. Additionally, increased adoption of light truck landing gears along with high demand for oil tankers and tanker trucks for transporting oil from one place to another is expected to drive the global undercarriage market forward. truck landing during the forecast period. Additionally, the global truck landing gear market would be driven by the increase in online transportation and expansion of trailer fleet during the forecast period. Support structures with truck undercarriages are also used by some small fleet trailer owners to provide additional support for truck undercarriages. These support structures are mainly used in shipyards to prevent truck landing gears from collapsing.
Main market players
The major market players are Guangdong Fuwa Engineering Group Co. Ltd., Haacon Hebetechnik GmbH, JOST Werke AG, BPW Bergische Achsen Kommanditgesellschaft Ohlerhammer, SAF-HOLLAND SA, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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