Extendable trailer specs

Trailer Suspension Systems Market To Be Influence Based On Innovation In Its Armor At A CAGR Of 5.1% From 2020 To 2030 – The Manomet Current

Safety is an important criterion for manufacturers in the global trailer suspension system market. A suspension system influences the comfort and safety of the driver, especially when driving on rough terrain. The increasing safety concerns of end consumers are expected to increase the demand for trailer suspension systems.

According to the PMR study, the COVID-19[female[feminineThe outbreak remains an obstacle to trailer production activities around the world, as countries that are major trailer production centers, such as the United States, China and Germany, among others, have been severely affected. . The COVID-19[female[feminine The pandemic is also expected to have a significant impact on demand for trailers in the near term. In the long term, however, the global trailer suspension systems market is expected to grow at a decent 5% CAGR during the forecast period of 2020 To 2030.

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Key Points From Trailer Suspension Systems Market Research

  • Various manufacturers are focusing on innovations in product technologies, such as Maintenance Free Damping Suspension (ZMD) suspension technology, which provides better ride comfort and improves the overall durability of the product.
  • The strict rules and regulations of various government authorities on limiting the overall length and load capacity of trailers has resulted in a significant reduction in the carrying capacity of cars from 22 cars per trailer carrier at 6/10 cars per vehicle, depending on the type of trailer. These factors are expected to drive demand for new trailer sales during the forecast period.
  • Asia-Pacific alone is expected to hold more 1/3 global trailer suspension system market share.
  • End users prefer air suspension systems over other types of products, due to technological advancements, lower price and lightweight appearance. This increased the trade-in or resale value of the trailers, in addition to reducing maintenance costs.
  • One of the main challenges in the trailer suspension systems market is their low replacement rate.

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“The market has seen an evolution from high strength products towards the use of lightweight materials, low maintenance costs and advanced technologies. On the other hand, the COVID-19 outbreak has disrupted the value chain of the trailer suspension systems market. It is estimated that the market will recover slowly and completely within one to two years ”, says a PMR analyst.

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The market landscape is moving towards consolidation

The global Trailer Suspension Systems market is particularly fragmented, with the presence of many market players who have expertise in advanced manufacturing techniques. Emerging market stakeholders are poised to expand their business activities and increase the added value of their product offerings through portfolio rationalization. Many manufacturers in the trailer suspension system market have developed their product lines with an emphasis on the main types of trailers. Manufacturers are also focusing on improving their R&D capabilities to introduce new lightweight trailer suspension systems that help reduce overall trailer weight and maintenance costs, and increase ongoing fuel efficiency. of road.

What does the future hold?

Combined axle and suspension mechanisms have been adopted by various trailer manufacturers. Therefore, the major market players are focusing on the introduction of complete axle and suspension systems with tailor-made options. Many manufacturers have also developed lightweight trailer suspension systems with Large Diameter Axles (LDAs). Attractive financing options for trailers should increase customer interest in purchasing their own trailers rather than leasing them. This factor is expected to drive the market growth over the forecast years.

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Want to know more?

PMR has published a market research report on Trailer Suspension Systems Market that contains an analysis of the global 20152019 and the assessment of opportunities for 20202030. The report provides an in-depth analysis of the Trailer Suspension Systems market across five different segments – product, capacity, sales channel, trailer, and region. The Trailer Suspension System market report also provides supply and demand trends, a comprehensive list of vendors and distributors in the market, and a detailed overview of the parent market.

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