The Asia Pacific Light Car Trailer Market would witness market growth of 4.8% CAGR during the forecast period (2022-2028).
The trailer’s stability is seen by its ability to reduce side-to-side motion as much as possible. Aerodynamic forces usually cause the initial movement, for instance, a passing vehicle or a crosswind. The center of mass following the wheel is the most common criterion for the trailer’s stability, which the tongue weight can check. The tongue weight will be harmful if the trailer's center of mass is behind its wheels, and hence the trailer will be unstable. Some vehicles come with trailer stability software that, to some extent, compensates for the instability caused by any improper loading.
A particular type of platform trailer unit, with components like independently steerable axles, swing axels, hydraulic suspension, two or more axel rows, the ability to use a power pack unit (PPU) for height adjusting & steering, and the connectivity to join two or more teams laterally or longitudinally. They are utilized to carry oversize loads, which are hard to disassemble.
The manufacturing of these trailers is done with tensile steel, capable enough to hold the weight with the aid of single or many ballast tractors that push and pull these units through a gooseneck or a drawbar, jointly making it a heavy transporter unit. Bridge sections, industrial machinery (like turbines and generators), oil rig modules, and ship sections are some of the usual loads these trailers carry. SPMTs are self-powered units of the modular hydraulic trailer, usually used when the ballast tractors cannot be utilized.
Mega Familiarization Program (Mega Fam), organized by tourism Malaysia and the Malaysian MotoGP 2011, Malaysia's premier motorcycle race, had 24 participants from nine countries. The Malaysian MotoGP will occur in the Sepang International Circuit (SIC) between 21 and 23 October. During the group's stay there, they will be shown many tourist attractions and attend the MotoGP race. The initiatives to increase awareness about tourism and the rising of motorsport will help boost the region's light car trailer market as the motorcycles for racing are transported through trailers.
The China market dominated the Asia Pacific Light Car Trailer Market by Country in 2021; thereby, achieving a market value of $157 million by 2028. The Japan market is registering a CAGR of 4.2% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 5.5% during (2022 - 2028).
Based on Type, the market is segmented into Utility and Recreational. Based on Axle, the market is segmented into Single Axle and Multi Axle. Based on Design, the market is segmented into Open and Enclosed. Based on Product, the market is segmented into Motorcycle, Snowmobile, OEM, Passenger, and Watercraft. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Light Car Trailer Market is Projected to reach USD 1.9 Billion by 2028, at a CAGR of 4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ATC Trailers Holdings, Inc., Felling Trailers, Inc., SylvanSport, LLC, Aluma, Ltd., Haulmark Industries, Inc. (American Cargo Group), Kaufman Trailers, Inc., Look Trailers (Novae Corporation), Woodford Trailers Ltd., Sundowner Trailer, Inc. and Diamond C Trailer .
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