USD 235 million
Trailer Landing Gear Market Size, Share, Growth Analysis, By Types(Automatic, Manual), By Sales Channel(OEM, Aftermarket), By Region - Industry Forecast 2024-2031
Report ID:
SQSG20X2003 |
Region:
Global |
Published Date: April, 2024
Pages:
278
|Tables:
61
|Figures:
75
Trailer Landing Gear Market Insights
Trailer Landing Gear Market size was valued at USD 235 million in 2019 and is poised to grow from USD 246.75 million in 2023 to USD 382.79 million by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).
Due to its robustness and longer operational life, the manual landing gear market is expected to reach a value of around US$ 150 million in 2019. Due to the durability and affordability of stainless steel, manual landing gears are traditionally made primarily of it. Extruded aluminum and polyester-coated HSLA steel are two examples of the low-weight and affordable alternatives that various manufacturers have been working to create over the past few years.
The growth in trailer production to fulfill demand in logistics and transportation will drive a 5.2 % growth in the trailer landing gear market size by OEM segment through 2028. Landing gears are installed by OEMs when creating new trailers, and these parts are provided to garages and workshops for repair needs. Because these goods are produced in accordance with the car manufacturer's specifications, the likelihood of failure is very low. To boost sales and foster the expansion of the business, manufacturers work with auto repair shops.
The market for trailer landing gear with a lifting capability of under 20,000 lbs. is anticipated to expand significantly—by more than 4.5 %—through 2028. Lower payload trailers typically use landing gears with a lifting capacity of fewer than 20,000 lbs. Companies are working to create lightweight landing gears for electric heavy-duty trucks.
From 2022 to 2028, the European trailer landing gear market is projected to expand at a CAGR of roughly 4.9 %. In 2021, trailer landing gears were in high demand in several European nations, including Poland, Germany, the UK, and the United Kingdom. Due to the COVID-19 pandemic's forced lockdowns throughout Europe, the region's supply systems have been disrupted. Due to lockdowns in several European nations, including the UK, France, and Italy, the COVID-19 pandemic is now affecting the market, which is projected to slow down demand in 2019.
US Trailer Landing Gear Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Automatic
Fastest Growth
Automatic
Growth Rate
5% CAGR
Global Trailer Landing Gear Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Trailer Landing Gear Market Segmental Analysis
Trailer Landing Gear Market has been segmented based on type, sales channel, and region. Based on type, the Trailer Landing Gear Market is segmented into automatic and manual. Based on the sales channel, the Trailer Landing Gear Market is segmented into OEM and aftermarket. Based on region, the trailer landing gear market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Trailer Landing Gear Market Analysis by Sales channel
OEM segment now holds the largest share of the global market, due to a growth in the production of fuel-efficient, lightweight trailers with landing gears. In order to create new trucks and trailers, manufacturers are also concentrating on creating sophisticated and automated trailer landing gears. Because aftermarket manufacturers are producing high-quality and lightweight trailer landing gears for the current trailers and vehicles on the market, the aftermarket is consequently experiencing a substantial rise in the global market. Old trailers are choosing aftermarket items in the market because of the rise in demand for trailers for a variety of uses.
Global Trailer Landing Gear Market By Type, 2021 (%)
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Trailer Landing Gear Market Regional Insights
North America holds the largest market share in the global trailer landing gear, and it is anticipated that it will continue to dominate the market throughout the projection period. This supremacy is attributable to the region's extensive semi-trailer and trailer fleet, as well as the region's well-developed road transportation infrastructure. Additionally, the region's high demand for lightweight, fuel-efficient trailer components and the expansion of the industrial sector is projected to drive up the price of trailer landing gears. Additionally, one of the key factors propelling the trailer landing gear market in the North American area is the rising manufacturing of commercial vehicles in this region. Because of its substantial agricultural land and strong vehicle production and sales, Asia Pacific owns the second-largest proportion of the global market.
Due to their extensive road networks and high demand for logistics, developing nations like China and India are the main drivers of the market's expansion.
Global Trailer Landing Gear Market By Geography, 2021 - 2028
- Largest
- Fastest
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Trailer Landing Gear Market Dynamics
Trailer Landing Gear Market Driver
- The demand for new trailers and trucks, which in turn is anticipated to drive the worldwide truck landing gear market during the forecast period due to strict government rules regarding carbon emission and increased demand for installing truck landing gears in existing trailers.
- Other factors anticipated to support the growth of the global truck landing gear market during the forecast period include increasing use of lightweight truck landing gears as well as strong demand for oil and milk tankers for the transfer of oil between locations. Additionally, growing e-commerce transportation and an expanding fleet of trailers will both propel the worldwide truck landing gear market forward.
Trailer Landing Gear Market Restraint
- Production of semi-trailers that are disproportionately large and heavy, which increases the turning radius and weight of the truck, is a key driver of the market for truck and trailer landing gear. Driving and controlling a semi-trailer truck also calls for more advanced expertise. The market for landing gear for trucks and trailers is anticipated to suffer as a result.
- The demand for road freight transportation is anticipated to be constrained by inadequate road infrastructure and a lack of commitment to enhancing transportation infrastructure, which will have a negative impact on the market for truck and trailer landing gear during the forecast period.
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Trailer Landing Gear Market Competitive Landscape
To support their business capacities and meet the growing demand, industry participants are primarily focused on the development of electric & manual landing gear product portfolios and technologies. The main initiatives are improving the product landscape, forming strategic alliances, and growing. Automation and digital manufacturing equipment are helping certain manufacturers run more efficiently.
Top Players in the Global Trailer Landing Gear Market
- JOST Werke AG
- SAF-Holland S.A.
- Guangdong Fuwa Engineering Group Co., Ltd.
- BPW Bergische Achsen KG
- H. D. Trailers Pvt. Ltd.
- York Transport Equipment (Asia) Pte Ltd
- Butler Products Corporation
- Standen's Limited
- Yangzhou Tongyi Machinery Co., Ltd.
- Soporte de Carga S.A. de C.V.
- Jinan Ketian Auto Parts Co., Ltd.
- Zhenjiang Baohua Semi-Trailer Parts Co., Ltd.
- SAE-SMB Industries
- P. Ravindran & Sons
- Jiaxing Shengchang Machinery Co., Ltd.
- Hyundai Translead
- Aarcon Enterprises Inc.
- W&P Trailer Parts GmbH
- MGM Brakes
- V. M. Engineers
Trailer Landing Gear Market Recent Development
- In August 2021, AIRman Products, a Michigan-based manufacturing company, launched a new Deploy and Retract Technology dubbed DART to affordably replace the manual crank landing gear and enhance productivity. The automated landing gear system provides a flip switch to operate truck/trailer landing gear.
- In September 2021, Razor International, an Australian transportation service company, introduced its Smart Trailer-ready Razor Drive electronic. The automated trailer landing gear control system is Bluetooth-enabled and allows drivers and fleets to remotely control electric trailer landing gear with an embedded onboard trailer telematics system.
Trailer Landing Gear Key Market Trends
- The market has grown as a result of increased truck and trailer production to fulfill the escalating demand. The expansion of Mexico's economy is centered on increasing automobile production, which is driven by the availability of resources and advantageous trade rules. This will have a good impact on suppliers of auto parts. A new distribution network will be necessary to meet the growing demand for trailer landing gear aftermarket services.
Trailer Landing Gear Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, and sales channel, OEM dominated the global trailer landing gear market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, North America dominated the global trailer landing gear market owing to the region's well-developed road transportation infrastructure.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 235 million |
| Market size value in 2031 | USD 382.79 million |
| Growth Rate | 5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Trailer Landing Gear Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Trailer Landing Gear Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Trailer Landing Gear Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Trailer Landing Gear Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Trailer Landing Gear Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Trailer Landing Gear Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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