Global Dry Van Trailers Market

Dry Van Trailers Market Size, Share, Growth Analysis, By Type(3-4 axles and >4 axles), By Application(Heavy industry, construction, medical, food and beverages), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20G2010 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 65 | Figures: 76

Dry Van Trailers Market Competitive Landscape

The global dry van trailers market is competitive in nature due to the presence of prominent players. Key players adopted strategies such as mergers, acquisitions, new product launches to strengthen their position in the global market.

Dry Van Trailers Market Top Player's Company Profiles

  • Utility Trailer Manufacturing Company
  • China International Marine Containers (Group) Ltd.
  • Ervin Equipment
  • Fontaine Commercial Trailer Inc.
  • Wabash National Corporation
  • Kogel Trailer GmbH & Co. KG
  • Strick Trailers
  • Krone Commercial Vehicle Group
  • Great Dane LLC
  • Lamberet SAS
  • HYUNDAI Translead
  • Polar Tank Trailer, LLC
  • STI HOLDINGS, INC
  • Manac
  • Schmitz Cargobull
  • Trail King
  • Utility Trailer Manufacturing Company
  • Kentucky Trailer
  • Timpte
  • Hyundai Translead
  • Vanguard National Trailer Corp
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Dry Van Trailers Market size was valued at USD 6.73 billion in 2022 and is poised to grow from USD 7.15 billion in 2023 to USD 11.56 billion by 2031, growing at a CAGR of 6.20% during the forecast period (2024-2031).

The dry van trailers market is competitive in nature due to the presence of prominent players. Key players adopted strategies such as mergers, acquisitions, new product launches to strengthen their position in the market. 'Utility Trailer Manufacturing Company', 'China International Marine Containers (Group) Ltd.', 'Ervin Equipment', 'Fontaine Commercial Trailer Inc.', 'Wabash National Corporation', 'Kogel Trailer GmbH & Co. KG', 'Strick Trailers', 'Krone Commercial Vehicle Group', 'Great Dane LLC', 'Lamberet SAS', 'HYUNDAI Translead', 'Polar Tank Trailer, LLC', 'STI HOLDINGS, INC', 'Manac', 'Schmitz Cargobull', 'Trail King', 'Utility Trailer Manufacturing Company', 'Kentucky Trailer', 'Timpte', 'Hyundai Translead', 'Vanguard National Trailer Corp'

Dry vans are the most commonly used and highly demanded equipment type in the freight shipping sector. These trailers are very common and cause high capacity crunch. The crunch is usually caused by the deficit of free dry van trailer capacity. In the recent years, there was much more capacity available to the shippers due to the rapid growth of the retail sector, but the dry van remains the most in-demand trailer by default. It is thus driving the demand for dry vans trailers in freight transportation.

Digital freight matching matches a shipper’s need directly, and automatically, with a carrier. Dry van trucking companies are able to use the technology by using the same apps that their customers use so that they can be automatically matched with loads. Digital freight matching has the opportunity to really simplify the whole shipping process and make booking a load as simple as ordering uber. This is projected to serve as a significant industry trend for the dry van trailers market in the coming years.

North America is expected to account for the largest share during the forecast period due to the presence of a majority of the players operating in the United States. The North American Free Trade Agreement (NAFTA), which allows free trade between the US, Canada, and Mexico, would lead to increased fleet operation in this region. Increasing business activities and consumer expenditure on multiple end use products and commodities is further projected to create a push in freight transportation, thereby helping this region continue to generate the largest share in the forecast period.

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Global Dry Van Trailers Market

Report ID: SQMIG20G2010

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