Report ID: SQMIG20G2010
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 Insights
Global 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).
A dry van trailer is an enclosed container used to transport non-perishable products. There is a lack of temperature control in the dry van so it can be used only for the transportation of the non-perishable products. Dry vans are used to transport vast commodities, freight, and that equipment that do not require refrigeration. A majority of dry vans can tow between 43,000 and 45,000 pounds.
The growing demand for freight shipments is a major factor that promotes market growth. However, the increasing number of fatal crashes in cargo and shipment may also hamper the market growth.
Technology is continuously advancing and processes are always being improved. Other technologies such as automated trucks, efficient electric trucks, and the implementation of advanced Artificial Intelligence technology in the transportation sector is projected to aid in market expansion during the forecast period.
US Dry Van Trailers Market is poised to grow at a sustainable CAGR for the next forecast year.
Dry Van Trailers Market Report Snapshots
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