LAMEA Light Car Trailer Market Size, Share & Industry Trends Analysis Report By Type (Utility and Recreational), By Axle (Single Axle and Multi Axle), By Design (Open and Enclosed), By Product, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Light Car Trailer Market would witness market growth of 9.7% CAGR during the forecast period (2022-2028).
To secure a trailer to the towing vehicle, a trailer coupler is utilized, and a trailer coupler is then connected to the trailer ball. With this, a ball and socket type connectivity are achieved, which aids in the smooth movement between the trailer and the towing vehicle on an uneven road. The drawbar, which in many cases is removable, or the rear bumper, is the place where the trailer ball is mounted. The trailer and the drawbar are secured together by fitting them into a hitch receiver and pinning it.
Adjustable couplers, A-frame couplers, and straight couplers are the three most widely used couplers. These trailers can support loads between 10,000 to 30,000 pounds. Both the hitches are superior to the receiver hitch, and they allow efficient and centralized attachment for a large trailer to the towing vehicle. They can carry heavy loads without compromising the vehicle’s stability. Standard hitches were connected at the back of the vehicle’s bumper or frame. In contrast, the gooseneck or the fifth wheel is usually related to the truck bed above the rear axle. With these connection placements, the vehicle can take sharper turns and carry heavier trailers.
Qatar has hosted many international sports events and invested in the finest training facilities while developing sporting skills in its players. With the temporary frequency allocations, the communication Regulatory Authority (CPA) has fulfilled the requirements of the ‘Grand Prix of Qatar MotoGP’ and ‘Motocross’ championship. Here CRA played a significant role in aiding with its national mandate, which includes managing limited sources like the radio spectrum. With the increasing number of motorsports events and the government’s aid for their smooth running, the trailer market will also be an essential factor, propelling the demand for light car trailers in the region.
The Brazil market dominated the LAMEA Light Car Trailer Market by Country in 2021; thereby, achieving a market value of $42.5 million by 2028. The Argentina market is showcasing a CAGR of 10.3% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 9.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Light Car Trailer Market is Predict to reach $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 .
Scope of the Study
Market Segments Covered in the Report:
- Single Axle
- Multi Axle
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Diamond C Trailer
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