LAMEA Automotive Trailer Market Size, Share & Industry Trends Analysis Report By Vehicle Type (Commercial Vehicle, Two-wheeler & Bike and Passenger Car), By Axle Type, By Trailer Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Automotive Trailer Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
Fifth-wheel and gooseneck trailers are connected to the truck bed above the back axle, whereas conventional hitches are affixed to the vehicle's frame or bumper. This placement allows the vehicle to make tighter turns and tow bigger trailers. They can be put on any style of pickup truck bed or trailer. A fifth-wheel coupling is also known as a kingpin hitch and is a miniature replica of the fifth wheel of a semi-trailer.
Although fifth wheels and gooseneck trailers appear similar, their coupling methods are distinct. A fifth wheel employs a huge horseshoe-shaped coupling device that is situated at least 1 foot above the bed of the tow vehicle. A gooseneck attaches to a standard ball installed on the tow vehicle's bed. The operational distinction between the two is the hitch's range of motion.
The gooseneck is highly maneuverable and can recline in all directions, whereas the fifth wheel is designed for level routes with limited tilt. Commonly used on industrial and agricultural trailers are gooseneck mounts. Recreational trailers typically utilize fifth-wheel mounts. Standard bumper-hitch trailers allow for a 10% or 15% hitch load, whereas fifth-wheel and gooseneck trailers can transfer 20% or 25% of their weight.
The aviation industry in developed regional countries, such as the UAE, is highly robust. There is a wide presence of airports in the UAE. Civil aviation is a key contribution to the economy of the UAE. According to the International Trade Administration, prior to the COVID-19 outbreak, the aerospace transport industry endorsed nearly 800,000 jobs and contributed $47.4 billion to the UAE's annual Gross Domestic Product (GDP), or approximately 13.3% of the UAE's GDP. Although the pandemic had a significant impact on the aviation industry, it has recovered and continues to play a vital role in the entire economy.
The Brazil market dominated the LAMEA Automotive Trailer Market by Country in 2021; thereby, achieving a market value of $565.9 Million by 2028. The Argentina market is showcasing a CAGR of 7.7% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 6.9% during (2022 - 2028).
Based on Vehicle Type the market is segmented into Commercial Vehicle, Two-wheeler & Bike and Passenger Car. Based on Axle Type, the market is segmented Tandem Axle, Single Axle and Three or More Than Three Axle. Based on Trailer Type the market is segmented into Dry Van & Box, Refrigerator, Chemical & Liquid, Tipper, Flatbed and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hyundai Motor Company, Wabash National Corporation, Böckmann Fahrzeugwerke GmbH, China International Marine Containers (Group) Ltd., Dennison Trailers Ltd., Great Dane Trailers, Humbaur GmbH, Ifor Williams Trailers Ltd. and Schmitz Cargobull AG.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
- Commercial Vehicle
- Two-wheeler & Bike
- Passenger Car
By Axle Type
- Tandem Axle
- Single Axle
- Three or More Than Three Axle
By Trailer Type
- Dry Van & Box
- Chemical & Liquid
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Hyundai Motor Company
- Wabash National Corporation
- Böckmann Fahrzeugwerke GmbH
- China International Marine Containers (Group) Ltd.
- Dennison Trailers Ltd.
- Great Dane Trailers
- Humbaur GmbH
- Ifor Williams Trailers Ltd.
- Schmitz Cargobull AG
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