Global Trailer Landing Gear Market

Trailer Landing Gear Market Size, Share, Growth Analysis, By Types(Automatic, Manual), By Sales Channel(OEM, Aftermarket), By Region - Industry Forecast 2025-2032


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 246.75 Million in 2023 and is poised to grow from USD 259.09 Million in 2024 to USD 401.93 Million by 2032, growing at a CAGR of 5% during the forecast period (2025-2032).

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.

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FAQs

Trailer Landing Gear Market size was valued at USD 246.75 Million in 2023 and is poised to grow from USD 259.09 Million in 2024 to USD 401.93 Million by 2032, growing at a CAGR of 5% during the forecast period (2025-2032).

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. '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'

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.

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.

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.

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Global Trailer Landing Gear Market

Report ID: SQSG20X2003

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