"Market Intelligence for High-Geared Performance"
The trailer landing gear is a bracket or strut used to provide stability and support the trailer when the trailer is parked or separated from the truck. Trailer landing machine also known as stabilizers comprises of gear instruments that help maintain the position of the trailer, whether it is connecting the trailer to a truck or unloading it from a tractor. The growing demand for light weight and fuel-efficient semi-trailers and trailers are expected to boost the growth of the market. Moreover, the stringent norms and regulations imposed by the governments to reduce the emission problems as well as increasing demand for the installation of landing gears in the existing trailers are the major factors that are likely to boost the demand for new trailers and trucks and also create opportunities for the trailer landing gear market during the forecast period. Additionally, the expansion of the industrial sector coupled with the robust demand for e-commerce and growing fleet are also expected to fuel the global market.
Key Market Driver -
Increasing demand for lightweight and fuel efficient trailers is expected to drive the growth of the market in the forecast period
Key Market Restraint -
Lack of maintenance along with high maintenance cost may hinder the growth of the market during the forecast period.
Globally, the trailer landing gear market is segmented by type, by sales channel type, and by geographic coverage. The trailer landing gear type is further segmented into automated and manual. At present, the manual trailer landing gear holds the largest share in the global market as it is widely used in the construction trucks and tankers. However, with the growing demand for automation in the automotive industry, the automated trailer landing gears are expected to grow at a significant rate in the coming years. Also, key manufacturers such as JOST Werke AG, are investing a high percentage in innovation and development in order to manufacture automatic trailer landing gear. The sales channel type is further bifurcated into OEM and aftermarket. The OEM segment accounts for the major share in the global market owing to the increase in the production capacity of lightweight and fuel efficient trailers that are equipped with landing gears. The manufactures are also focusing on developing advanced and automated trailer landing gears in new trucks and trailers. Consequently, the aftermarket also shows a significant growth in the global market as the aftermarket players are manufacturing high quality and light weight trailer landing gears for the existing trailers and trucks in the market. Owing to the increase in the demand for trailers for various purposes, the old trailers are opting for aftermarket products in the market.
Major players operating in the global trailer landing gear market include Sinotruck Howo Sales Co., Ltd., York Transport Equipment (Asia) Pte Ltd., JOST Werke AG, Zhenjiang Baohua Semi-Trailer Parts Co., Ltd., Butler Products Corp., Yangzhou Tongyi Machinery Co., Ltd., Guangdong Fuwa Engineering Group Co., Ltd., SAF-HOLLAND S.A., AXN Heavy Duty, LLC, H. D. Trailers Pvt. Ltd., and BPW Bergische Achsen KG among others.
Geographically, the trailer landing gear market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is the largest shareholder in the global trailer landing gear market and is expected to maintain its leading position in the market during the forecast period. This dominance is attributed to the presence of well-developed road transportation network along with the large number of semi-trailers and trailers in this region. Moreover, the expansion of the industrial sector and high demand for fuel efficient and lightweight trailer components is likely to leverage the demand for trailer landing gears in this region. Also, the high production of commercial vehicles in this region is one of the major factor that is driving the trailer landing gear market in North American region. Asia Pacific holds the second largest share in the global market owing to the high production and sales of automobiles and presence of large agricultural land. Developing countries including China and India are the major contributors for the growth of the market as these countries comprises of well-developed road connectivity and high demand for logistics.
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