Trailer Landing Gear Market Size, Share, Growth Analysis, By Types(Automatic, Manual), By Sales Channel(OEM, Aftermarket), By Region - Industry Forecast 2024-2031

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.