North America 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 North America Light Car Trailer Market would witness market growth of 2.7% CAGR during the forecast period (2022-2028).
Trailers used for towing a motorcycle behind a truck or an automobile are known as motorcycle trucks. They may be closed or open and range from trailers capable of holding many motorcycles to those with only a single one. They can be specifically designed to fit motorcycles and includes a tie down and ramp, or they may be a utility truck that has been adapted to occasionally or permanently carry single or many bikes.
A trailer consisting of a wheel frame and a hitch system design used to transport goods by motorcycle is a type of motorcycle trailer. Motorcycle trailers are usually small and are created in a fashion to match the bike which is pulling the trailer. This trailer comes in single-wheeled and two-wheeled versions. A single-wheeled trailer like Pav 40/41 or Unigo is designed to give the bike all the flexibility that an average motorcycle usually has. They use a typical joint that allows the trailer to turn and lean with the bike.
The region's economic development is being impacted by the Newfoundland and Labrador's winter tourism product, which has snowmobiling as an essential feature. The government officials of Canada have promised a fund of $495,000 which will aid the Newfoundland and Labrador Snowmobile Federation (NLSF) to optimize their machinery and directional signage for the upgradation of the snowmobile trail network. The project will also receive an additional $495,000 through the Innovative Communities Fund, while the NLSF also contributes $516,000 for this project. The rising snowmobiling will also require trailer services for their transportation, thus propelling the light car trailer market in the North American region.
The US market dominated the North America Light Car Trailer Market by Country in 2021; thereby, achieving a market value of $471.7 million by 2028. The Canada market is experiencing a CAGR of 4.7% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 4.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Light Car Trailer Market is Estimated 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
- Rest of North America
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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