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Light Car Trailers Market Scope and overview, Global Insights and Trends, Forecasts to 2027

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The global Light Car Trailers market was recorded to have a sales value of US$ 1.22 Billion in 2020. The market is expected to grow in terms of volume sales at a CAGR of 3.0% during the period 2021-2027. The Light Car Trailers market is expected to reach market size of US$  2.9 Billion in 2027.

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Car trailers have been one of the most popular products for the last few years. Most companies provide trailers that can suit most vehicles; be it a show car or race car, a 4-wheel drive (4WD) vehicle or anything equally large that needed to be moved, for personal or business needs. The most standard car trailer is limited to a gross trailer mass (ATM) of 2,000 kilograms, but can go as high as 2,800 or 3,200 kilograms without cutting into the trailer width.

The benefits of a light car trailer is the extra carriage capacity that it offers. Light car trailers provide an added advantage such as extra carriage capacity of the trailers, which can act as a key factor that boosts the market. A light car trailer increases the carrying capacity regardless of its size, as every inch of space from floor to ceiling can be utilized.

Increasing and expanding trade agreements among nations is anticipated to offer new opportunities to the light car trailers market in the near future. Additionally, heavy investment by emerging economies in improving their road transport infrastructure coupled with the expansion of transport routes and increasing volumes of transport goods is another key factor that is estimated to drive the light car trailers market across the globe.

Improvement of road network transport and inclination toward development of industries over the years have led to significant adoption of road transportation. This is projected to propel the light car trailers market during the forecast period.

In terms of type, the global light car trailers market has been bifurcated into utility light car trailers and recreational light car trailers. The utility light car trailers segment is expected to hold a dominant share of the global market. This can be attributed to the emergence of innovations related to the utility light car trailers. For instance, in October 2020, ATC Trailers launched an ultra-compact, high-output LED system for dry and refrigerated van trailers. However, the recreational light car trailers segment is expected to expand at a significant growth rate during the forecast period.

In terms of axle type, the multi axle light car trailers segment dominated the global light car trailers market, in terms of value, in 2020. Single axle car trailers have limitations such as a single axle would be harder on the tires, as they carry more weight per tire than dual axle trailers. This is likely to increase the demand for multi axle light car trailers. Furthermore, it increases the growth of the multi axle light car trailer segment during the forecast period.

The high maintenance cost of light car trailers is a key factor hindering the market. On an average, the productive life of a new trailer is about 15 years, if maintained appropriately. However, light car trailers are fitted with an air ride suspension, which costs more than conventional trailers. The maintenance cost increases when the suspension is utilized for three years and after. Thus, such high cost hamper the global light car trailers market.

Regional Analysis:

Based on region, the global light car trailers market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is estimated to dominate the global light car trailers market due to a rise in purchasing power parity of people, increased participation of the leading automotive companies in developing the light car trailers, favorable technological infrastructure, and an increase in penetration of utility vehicles in the region. Rise in demand for utility light car trailers among suppliers across the region to offer a wide range of payload to their customers is likely to fuel the demand for utility light car trailers across the region. Expansion of the tourism industry in North America is projected to propel the light car trailers market in the region. All these factors are anticipated to boost the demand for light car trailers in the region.

COVID-19 Impact on Light Car Trailers Sales

  • Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Light Car Trailers market.
  • Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
  • Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
  • Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Light Car Trailers market 2021 onwards. This trend will however continue through the course of the report’s assessment period

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Recent report on the Light Car Trailers market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Light Car Trailers market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Light Car Trailers market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Light Car Trailers market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Light Car Trailers market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Light Car Trailers market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Light Car Trailers market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Light Car Trailers market is analyzed at both regional and country levels.

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Some of the prominent players in the Light Car Trailers Market include:  Aluma Ltd., ATC Trailers, Doepker Industries Limited, East Manufacturing Corporation, Fontaine Commercial Trailer, Inc., Fruehauf Ltd., Futura Trailers, Great Dane, Haulmark Trailers, and Felling Trailers.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Market: Segmentation

  • Light Car Trailers Market, by Type
    • Utility Light Car Trailers
    • Recreational Light Car Trailers
  • Light Car Trailers Market, by Design
    • Open Light Car Trailers
    • Enclosed Light Car Trailers
  • Light Car Trailers Market, by Axle Type
    • Single Axle Light Car Trailers
    • Multi Axle Light Car Trailers
  • Light Car Trailers Market, by Product Type
    • Motorcycle Light Car Trailers
    • Snowmobile Light Car Trailers
    • Watercraft Light Car Trailers
    • Passenger Vehicle Light Car Trailers

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Light Car Trailers market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Light Car Trailers market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Light Car Trailers market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Why should you invest in this report?

If you are aiming to enter the global Light Car Trailers market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Light Car Trailers are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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