The North America Car Carrier Market is projected to witness market growth of 6.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Car Carrier Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $4.38 billion by 2031. The Canada market is exhibitng a CAGR of 9% during (2024 - 2031). Additionally, The Mexico market is projected to experience a CAGR of 8.1% during (2024 - 2031).
The car carrier market is a critical element of the automotive supply chain, and it is instrumental in the distribution and transportation of vehicles. This market encompasses various modes of transportation, including road, rail, and sea, each tailored to meet the specific needs of different regions and logistics requirements. It is essential to ensure that the automotive industry operates smoothly by having vehicles delivered to dealerships as well as to consumers in a timely and efficient manner from manufacturing facilities. Over the past few decades, the car carrier market has evolved significantly, driven by technological advancements, changing consumer demands, and the expansion of the automotive sector.
The accelerated expansion of the automotive industry is one of the primary factors driving the car carrier market. The development of automated loading and unloading systems has streamlined operations, reducing the time and labor required to transport vehicles. Innovations in vehicle carrier design, such as adjustable decks and hydraulic lifts, have also improved the capacity and flexibility of carriers, enabling them to transport a wider variety of vehicles, from compact cars to heavy-duty trucks.
The rise of Mexico's automotive aftermarket and leasing markets contributes to the demand for car carriers. The aftermarket involves a significant volume of vehicles being transported for maintenance and repair services. At the same time, the leasing market, which is growing due to economic benefits and consumer preferences, requires the efficient delivery of leased vehicles to customers across the country. Hence, these diverse factors influence North America's demand for car carriers.
The US market dominated the North America Car Carrier Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $4.38 billion by 2031. The Canada market is exhibitng a CAGR of 9% during (2024 - 2031). Additionally, The Mexico market is projected to experience a CAGR of 8.1% during (2024 - 2031).
The car carrier market is a critical element of the automotive supply chain, and it is instrumental in the distribution and transportation of vehicles. This market encompasses various modes of transportation, including road, rail, and sea, each tailored to meet the specific needs of different regions and logistics requirements. It is essential to ensure that the automotive industry operates smoothly by having vehicles delivered to dealerships as well as to consumers in a timely and efficient manner from manufacturing facilities. Over the past few decades, the car carrier market has evolved significantly, driven by technological advancements, changing consumer demands, and the expansion of the automotive sector.
The accelerated expansion of the automotive industry is one of the primary factors driving the car carrier market. The development of automated loading and unloading systems has streamlined operations, reducing the time and labor required to transport vehicles. Innovations in vehicle carrier design, such as adjustable decks and hydraulic lifts, have also improved the capacity and flexibility of carriers, enabling them to transport a wider variety of vehicles, from compact cars to heavy-duty trucks.
The rise of Mexico's automotive aftermarket and leasing markets contributes to the demand for car carriers. The aftermarket involves a significant volume of vehicles being transported for maintenance and repair services. At the same time, the leasing market, which is growing due to economic benefits and consumer preferences, requires the efficient delivery of leased vehicles to customers across the country. Hence, these diverse factors influence North America's demand for car carriers.
List of Key Companies Profiled
- Infinity Trailers
- Miller Industries, Inc
- Dongfeng Motor Company
- Cottrell, Inc.
- Kentucky Trailers (Berkshire Hathaway, Inc.)
- Landoll Corporation
- Boydstun Equipment Manufacturing
- Sun Country Trailers
- Wally-Mo Inc
- Kaufman Trailers
Market Report Segmentation
By Type- Open-Air Car Carrier
- Enclosed Car Carrier
- Automotive Sales Service Shop 4S
- Terminals
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Car Carrier Market by Type
Chapter 5. North America Car Carrier Market by End User
Chapter 6. North America Car Carrier Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Infinity Trailers
- Miller Industries, Inc
- Dongfeng Motor Company
- Cottrell, Inc.
- Kentucky Trailers (Berkshire Hathaway, Inc.)
- Landoll Corporation
- Boydstun Equipment Manufacturing
- Sun Country Trailers
- Wally-Mo Inc
- Kaufman Trailers
Methodology
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