Modular Trailer Market worth $19.6 billion by 2027

1. MarketsandMarkets Presents • Modular Trailer Market worth $19.6 billion by 2027 https://www.marketsandmarkets.com/Market-Reports/modular-trailer-market-104912370.html

2. The report "Modular Trailer Market by Type (Multi-Axle, Telescopic/Extendable, and Lowboy Trailer), Axles (2 Axles and >2 Axles), Application (Construction & Infrastructure, Mining, Wind & Energy and Heavy Engineering), and Region - Global Forecast to 2027", The modular trailer market, by value, is projected to grow to USD 19.6 billion by 2027 from USD 14.0 billion in 2019, at a CAGR of 4.3%. The increasing demand for modular trailers in construction and infrastructure, mining, wind & energy, and heavy engineering will drive the growth of the modular trailer market. Browse 64 market data Tables and 33 Figures spread through 104 Pages and in-depth TOC on "Modular Trailer Market” Get The PDF Brochure For This Report@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104912370

3. “Multi-axle trailer to be the largest segment, by trailer type”The multi-axle trailer segment is projected to lead the modular trailer market, by trailer type. Multi-axle trailers are used in all major application industries. End users prefer multi-axle trailers, especially due to their unique feature—customizable as per the payload requirement. The per axle payload capacity of multi-axle trailers starts from 15 tons. “Heavy engineering to be the fastest growing segment of the modular trailer market, by application”Heavy engineering is the fastest growing segment, by application. This segment includes nuclear power equipment (steam generators, reactor pressure vessels, turbines, generators) and industrial equipment (fire-tube boilers, water-tube boilers). Increasing activities and developments in the nuclear power plant industry lead to more usage of modular trailers for transportation of heavy engineering equipment from manufacturing locations to the installation sites. The demand for industrial equipment is progressing at a rapid pace, owing to rapid industrialization and urbanization in various countries worldwide. Increasing demand for such equipment would drive the demand for transportation, thereby driving the modular trailer market. Request for Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=104912370

4. “Asia Pacific is expected to hold the largest market for modular trailers during the forecast period” Asia Pacific is estimated to account for the largest share of the market for modular trailers from 2019 to 2027. Asia Pacific has witnessed growth in the modular trailer market for the past couple of years. The region comprises economies like India, China, and South Korea. High growth in these countries offers new opportunities in the modular trailer market. The increase in the overall industrial production has led to increased freight transportation, fueling the demand for modular trailers in this region. Therefore, Asia Pacific is estimated to be the largest market for modular trailers, particularly for multi-axle trailers. The modular trailer market is dominated by global players and comprises several regional players as well. The key players in the modular trailer market are Goldhofer (Germany), Nooteboom Trailers (Netherlands), Faymonville (Italy), VMT Industries (India), TII Group (Germany) K-Line trailers (Canada), Tratec Engineers (India), and Anster (China). Request for Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=104912370

5. Recent Developments: • In March 2019, Faymonville Group launched a blade lifter with the name BladeMAX. This blade lifter has a huge load capacity of 716.5 tons. It helps transport mega wind turbine blades safely and efficiently in wooded or built-up areas, narrow streets, or mountainous regions. • In January 2019, Faymonville Group acquired commercial vehicle dealer Stürzer Heavy Trucks. This acquisition expanded Faymonville Group's activities in South Germany, Austria, and Switzerland. • In June 2019, TII Group and Vestas signed a contract for nine wind blade transport systems. Vestas is the global leader in sustainable energy solutions and manufacturer of wind power plants in terms of sales and installed capacity. This contract would help the development of new transport solutions to improve TII’s ability to transport its longest blades over long distances in a flexible and cost-efficient way. • To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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