Global Low-Bed Trailer (LBT) Market 2017-2021

Overview of the global low-bed trailer (LBT) market

Technavio’s market research report predicts that the global low-bed trailer (LBT) market will grow at a CAGR of nearly 4% during the forecast period. High investment towards infrastructure development in the emerging countries is one of the primary drivers for market growth. The rising population in the APAC has led to the growth of the housing and construction industries in the region. For instance, China has invested about USD 207 billion for road construction and improvements. Similarly, India is also concentrating on the development of its infrastructure since almost 65% of the total freight is transported by road. The Indian government has already allotted almost USD 377 billion towards infrastructure development. Such infrastructure betterment projects that include the development of industrial regions, roads, and port connectivity will boost the demand for heavy commercial vehicles and freight transport, which will in turn, drive the demand for low-bed trailers in the coming years.

One of the latest trends that will gain traction in the global LBT market is the growing use of mass reduction technologies in fleet trucks. The adoption of new technologies such as innovations in engine design, use of low-rolling-resistance tires, idling reduction technologies, efficient aerodynamics assist in reducing emissions and offer more safety for tractors and trailers. Improved aerodynamics, low rolling resistance, and lesser curb weight are few additional technological features adopted to improve the fuel efficiency of trailers. Furthermore, to counter the aerodynamic drag between trucks and trailers, the coming years will also witness the adoption of devices such as truck rooftop fairings that will lessen the drag lag.

Competitive analysis and key vendors