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According to a recent report published by Allied Market Research, titled, Global Automotive Trailer Market by Trailer Type, Axle Type, Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global automotive trailer market was valued at $21,895.0 million in 2016, and is projected to reach at $28,538.5 million by 2023, growing at a CAGR of 3.8% from 2017 to 2023.
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Opportunity Analysis and Industry Forecast, 2016-2023 AUTOMOTIVE TRAILOR MARKET • Global Opportunity Analysis and Industry Forecast, 2017-2023 Global Opportunity Analysis and Industry Forecast, 2016-2023 • Pages: 230 Tables: 99 Charts: 52
AUTOMOTIVE TRAILOR MARKET According to a recent report published by Allied Market Research, titled, Global Automotive Trailer Market by Trailer Type, Axle Type, Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global automotive trailer market was valued at $21,895.0 million in 2016, and is projected to reach at $28,538.5 million by 2023, growing at a CAGR of 3.8% from 2017 to 2023. Access Full Summary at : https://www.alliedmarketresearch.com/automotive-trailer-market At present, Asia-Pacific dominates the market, followed by North America. In 2016, China dominated the Asia-Pacific market and Germany led the overall market in Europe. However, in North America, the U.S. currently dominates the market. The reduction in cost in terms of fuel consumption & emission, and their environment-friendly nature of the automotive trailers make way for the growth of the market. In addition, extra carriage capacity of the automotive trailers also contribute to the market growth. However, high maintenance cost and reduced resale value hampers this stated growth.
AUTOMOTIVE TRAILOR MARKET • Key Findings of the Automotive Trailer Market: • The commercial vehicle segment generated the highest revenue in the global automotive trailer market in 2016. • In 2016, three & more than three axle segment was the highest revenue contributor in the axle type segment. • LAMEA is anticipated to exhibit the highest CAGR during the forecast period. • In 2016, Asia-Pacific contributed the highest market share, followed by North America, Europe, and LAMEA.
AUTOMOTIVE TRAILOR MARKET Reduction in Cost One of the major benefits of automotive trailers is that it offers cost benefits. It also serves as an ideal solution to increase the carriage capacity, as it costs half of the price as that of the new vehicle. Moreover, some trailers fall within the range of $5,000‐$10,000, which provides superior edge in terms of cost. Thus, all these factors together supplement the growth of the global automotive trailer market. Request For Sample Report Click Here: https://www.alliedmarketresearch.com/request-sample/1710 Extra Carriage Capacity of the Trailers Automotive trailers have large cargo carrying capacity. Regardless of the size of the trailer, it increases the carrying capacity, as every inch of space from floor to ceiling can be brought to utilization. Moreover, transportation of goods and commodities such as perishable foods, construction materials, heavy loads, and loose materials through trailers serves as an affordable option as compared to renting or leasing a truck, which fuels the growth of the automotive trailer market globally.
AUTOMOTIVE TRAILOR MARKET • By Trailer Type • Dry Van & Box • Refrigerator • Chemical & Liquid • Tipper • Flatbed • Others (Bottom Dump and Cargo) • By Axle Type • Single Axle • Tandem Axle • Three or More Than Three Axle • By Vehicle Type • Two-wheeler & Bike • Passenger Car • Commercial Vehicle
AUTOMOTIVE TRAILOR MARKET • By Region • North America • Europe • Asia-Pacific • LAMEA
AUTOMOTIVE TRAILOR MARKET Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/contact-us Follow Us On
