Few of the key findings from this truck and trailer landing gear market analysis report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global Truck and Trailer Landing Gear Market Overview
The growing adoption of lightweight landing gears is one of the key drivers contributing to the growth of the truck and trailer landing gear market. Vendors in the market are matching pace with the manufacturers of heavy-duty trucks and trailers in terms of using energy-efficient materials such as aluminum for manufacturing lightweight automotive components. The use of lightweight components, such as landing gears in trailers and heavy-duty trucks, reduces carbon emissions, and improves safety. Landing gears made of aluminum are also corrosion resistant. The rising regulations to reduce emissions will encourage truck and trailer manufacturers to deploy lightweight vehicle components such as aluminum landing gears. This will contribute to the growth of the market during the forecast period.
The growing popularity of automatic landing gear is one of the critical truck and trailer landing gear market trends that will have a positive influence on market growth. Automatic landing gears are comfortable and safe. These aspects are essential for heavy-duty trucks and trailers drivers while carrying out mining, construction, and logistics operations. The use of automatic landing gears eliminates the risks of injuries. These landing gears also have reduced deployment time. Such factors are increasing the demand for landing gears in trucks and trailers for commercial activities. Electronically controlled landing gears are also gaining popularity among trade and construction companies. As a result of such factors, the market will register a CAGR of almost 8% during 2019-2023.
Top Truck and Trailer Landing Gear Companies Covered in this Market Research Report
The truck and trailer landing gear market is moderately fragmented. This report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This will help clients improve their market positions. It also provides a detailed analysis of the upcoming truck and trailer landing gear market trends and challenges and how they will influence market growth. This will help companies in creating effective strategies to leverage upcoming market growth opportunities.
The report offers a detailed analysis of leading companies, including:
- BPW Bergische Achsen Kommanditgesellschaft Ohlerhammer
- Guangdong Fuwa Engineering Group Co. Ltd.
- haacon hebetechnik GmbH
- JOST Werke AG
- SAF-HOLLAND GmbH
Truck and Trailer Landing Gear Market Segmentation Based on Type
- Manual landing gear
- Automatic landing gear
The manual landing gear market segment held the highest market share in 2018 and will remain dominant until 2023. The manual landing gear is an important safety component when the tractor unit is removed. Vendors in the market are increasingly focusing on manufacturing lightweight landing gears to improve the fuel efficiency of trucks and trailers. The market segment has also been recording a rise in the adoption of low-cost manual gears. Such factors will support the growth of the market in this market segment.
Truck and Trailer Landing Gear Market Segmentation Based on Geographic Region
- APAC
- Europe
- MEA
- North America
- South America
APAC was the largest market for truck and trailer landing gears in 2018. Market growth in this region will increase over the forecast period. Rapid advances in infrastructure and industrial developments in countries such as China, India, Thailand, Indonesia, Vietnam, and South Korea are increasing the demand for heavy-duty trucks that require trailers. This is primarily increasing the demand for landing gears. Furthermore, the rising adoption of semitrailers in India because of the rising e-commerce and construction business and the presence of several automotive OEMs will contribute to the growth of the truck and trailer landing gear market in APAC during the forecast period.
Key Highlights of the Global Truck and Trailer Landing Gear Market Forecast Report for the Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the truck and trailer landing gear market during the next five years
- Precise estimation of the global truck and trailer landing gear market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the truck and trailer landing gear industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of truck and trailer landing gear companies
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