Modular Trailer Market Report 2024

The modular trailer market size has grown strongly in recent years. It will grow from $7.34 billion in 2023 to $7.76 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. During the historic period, growth can be attributed to government regulations, incentives, and subsidies, as well as improvements in charging infrastructure and reduced operating costs.

The modular trailer market size is expected to see strong growth in the next few years. It will grow to $9.69 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. In the forecast period, growth is driven by increasing demand for freight transportation, rising urbanization, infrastructure development and expansion, growing construction and mining industries, and a rising preference for sustainable transportation solutions. Key trends expected in this period include accelerated efforts towards electrification, expansion of urban logistics capabilities, growth in charging infrastructure, and heightened focus on vehicle efficiency and performance.

The modular trailer market is expected to see significant growth driven by an increase in freight transportation. Freight transportation involves the movement of goods using various transport modes and is expanding due to rising global trade and e-commerce, which increase the demand for efficient goods movement. Advances in logistics technology and infrastructure are also playing a crucial role in enhancing the sector's efficiency and capacity, further fueling its growth. Modular trailers are versatile and can be utilized across different modes of freight transport, such as road and rail. This versatility allows for efficient transportation of goods from origin to destination, even when multiple transport modes are involved. For example, Eurostat reported a notable 6.5% increase in European road freight transport in 2021 compared to the previous year, measured in tonne-kilometers (tkm). International transport, constituting 25.4% of the EU's total road freight transport, experienced a modest 1% growth in 2022 following a substantial 8.1% surge in 2021. Thus, the upward trend in freight transportation is a key driver behind the growth of the modular trailer market, highlighting the increasing need for flexible and efficient transport solutions in the logistics industry.

Leading companies in the modular trailer market are increasingly focusing on developing advanced, modular designs that offer flexibility and efficiency tailored to specific load requirements. Modular design involves assembling complex systems from smaller, interchangeable modules, which has revolutionized the transport of heavy and oversized loads. This approach provides unmatched scalability and adaptability. For example, in July 2022, Faymonville Group, a Belgium-based manufacturer, introduced the ModulMAX AP-M Modular Trailer. This innovative trailer integrates both supporting assist and independent self-propelled modes. Its motorized axles can engage and disengage at speeds up to 40 km/h, a unique feature in the market. The ModulMAX AP-M also ensures seamless interoperability, compatible with conventional 3,000 mm-wide Faymonville ModulMAX modules and other brands. It can be connected with various equipment such as lowbeds, spacers, and drawbars, utilizing a power pack unit similar to electronically steered vehicles.

In September 2022, WillScot Mobile Mini Holdings Corp., a US-based provider of modular and storage solutions, acquired Allied Office Trailers and Storage Containers. This acquisition significantly bolstered WillScot Mobile Mini's fleet by approximately 8,000 rental assets, expanding their footprint across the eastern United States. Allied Office Trailers and Storage Containers, based in the US, specializes in providing modular trailers and storage containers, aligning well with WillScot Mobile Mini's growth strategy in the modular solutions market.

Major companies operating in the modular trailer market are Dorsey Trailer, MAC Trailer, Maxitrans Industries Limited, Manac Inc., Goldhofer AG, Trail King Industries, Fontaine Heavy-Haul, XL Specialized Trailers, Faymonville, Broshuis B.V., Reitnouer Inc., Talbert Manufacturing, Cometto S.p.A., Kalyn Siebert, Nicolas Industrie, Load King LLC, Scheuerle Fahrzeugfabrik GmbH, Transcraft Corporation, Witzco Challenger Trailers Inc., Nooteboom Trailers B.V., Kässbohrer Fahrzeugwerke GmbH, Rogers Brothers Corporation, TII Group, Concordia, Doonan Specialized Trailers LLC.

North America was the largest region in the modular trailer market in 2023. The regions covered in the modular trailer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the modular trailer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A modular trailer is a specialized transport vehicle featuring multiple interchangeable sections or modules that can be configured in various ways to accommodate diverse cargo sizes, weights, and types. These trailers offer high flexibility and customization options, making them ideal for transporting oversized or heavy loads in industries such as construction, mining, and heavy equipment transportation.

The primary types of modular trailers include multi-axle, telescopic or extendable, and lowboy trailers. Multi-axle trailers feature multiple sets of wheels to evenly distribute the weight of heavy cargo, enhancing stability and reducing strain on each wheel. These trailers are well-suited for transporting exceptionally heavy loads in sectors such as construction, infrastructure, mining, wind energy, and heavy engineering.

The modular trailer market research report is one of a series of new reports that provides modular trailer market statistics, including modular trailer industry global market size, regional shares, competitors with a modular trailer market share, detailed modular trailer market segments, market trends and opportunities, and any further data you may need to thrive in the modular trailer industry. This modular trailer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The modular trailer market consists of sales of hydraulic platform trailers, semi-trailers, and hydraulic multi-axle trailers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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