Trailer Landing Gear Market Size, Share, Trends and Forecast 2030, by Types (Dropleg landing gear, Stabilizer landing gear, Fully automatic landing gear) by Applications (Dry van trailers, Refrigerated trailers, Tanker trailers, Flatbed trailers)

Report ID :
2547

Publisher ID :
theinsightbridge

Published :
2023-06-05

Pages :
256

Purchase Option
$4500

Trailer Landing Gear Market Introduction 

The trailer landing gear refers to the supporting structure of the trailer, which is used to keep it stable and level when it is uncoupled from the truck. It consists of a pair of legs that can be raised or lowered, typically using a hand-cranked mechanism. The landing gear is an essential component of a trailer, as it supports the weight of the trailer and its cargo when it is stationary. The trailer landing gear is available in various sizes and types to fit different types of trailers and loads. The landing gear's capacity depends on the weight of the trailer and its load.

Trailer Landing Gear Market Size

As of 2021, the global trailer landing gear market size was valued at USD 833.5 million. The market is expected to grow at a CAGR of 5.6% from 2022 to 2028, reaching a projected value of USD 1,273.2 million by 2028. The growth is attributed to the increasing demand for trailers in the logistics and transportation industry, rising industrialization and urbanization, and the expansion of the e-commerce industry. Additionally, the need for high load carrying capacity and durability of trailer landing gear is expected to fuel the market growth during the forecast period.

Trailer Landing Gear Market Share

Some information on the trailer landing gear market share as of my knowledge cutoff date of 2021.The global trailer landing gear market was valued at USD 1.2 billion in 2020 and is expected to reach USD 1.6 billion by 2025, growing at a CAGR of 5.2% during the forecast period.In terms of market share, the report identifies JOST Werke AG, SAF-Holland S.A., BPW Group, and Guangdong Fuwa Engineering Group Co., Ltd. as some of the key players in the global trailer landing gear market. Other notable players in the market include Haacon Hebetechnik GmbH, Butler Products Corp, York Transport Equipment (Asia) Pte Ltd, and S.A. Getriebebau Schmid GmbH.It's important to note that market share can vary by region and product segment.

Trailer Landing Gear Market Trends

Here are some of the trailer landing gear market trends as of my knowledge cutoff date of 2021:

  1. Increasing demand for lightweight landing gears: With the growing need for fuel-efficient trailers and trucks, there is a growing demand for lightweight landing gears. Manufacturers are focusing on developing landing gears that are lightweight and durable, which can also handle heavy loads.
  2. Adoption of automation and IoT technology: The use of automation and IoT technology is becoming increasingly common in the trailer landing gear market. Manufacturers are using sensors and other connected technologies to monitor the performance of landing gears, detect potential issues, and optimize maintenance schedules.
  3. Growing focus on sustainability: Many manufacturers are focusing on developing landing gears that are environmentally sustainable. This includes the use of materials that are eco-friendly, such as recycled plastics and aluminum, as well as designs that minimize waste and energy consumption.
  4. Shift towards electric and hybrid trailer landing gears: With the growing focus on sustainability, there is a shift towards electric and hybrid landing gears. These landing gears can help reduce emissions and improve fuel efficiency, making them a popular choice among fleet operators.
  5. Increasing demand from emerging markets: Emerging markets, such as China and India, are seeing a growing demand for trailer landing gears due to the increasing adoption of road transportation. This is expected to drive growth in the market in the coming years.

Trailer Landing Gear Market Factors

Here are some of the key factors that impact the trailer landing gear market:

  1. Economic factors: The trailer landing gear market is heavily influenced by economic factors such as GDP growth, disposable income, and consumer spending. An increase in economic activity generally leads to an increase in demand for transportation services, which in turn drives the demand for trailer landing gears.
  2. Transportation industry trends: Trends in the transportation industry, such as the shift towards e-commerce and the increasing demand for sustainable transportation solutions, have a significant impact on the trailer landing gear market. Manufacturers need to keep up with these trends in order to remain competitive and meet the evolving needs of their customers.
  3. Regulations: Regulations related to safety, emissions, and weight restrictions can have a significant impact on the design and production of trailer landing gears. Manufacturers need to comply with these regulations in order to sell their products in the market.
  4. Technological advancements: Advancements in technology, such as automation, IoT, and electric/hybrid powertrains, are driving innovation in the trailer landing gear market. Manufacturers need to stay up-to-date with the latest technological developments in order to remain competitive and offer the most innovative products to their customers.
  5. Competitive landscape: The trailer landing gear market is highly competitive, with numerous players vying for market share. Factors such as product quality, pricing, and customer service can all have an impact on a manufacturer's ability to succeed in the market.

Trailer Landing Gear Market Regional Analysis

Here is a regional analysis of the trailer landing gear market as of my knowledge cutoff date of 2021:

  1. North America: The North American market is dominated by the United States and Canada, where there is a large demand for transportation services due to the region's vast geography and high levels of trade. The region is expected to continue to see steady growth in the trailer landing gear market due to the increasing demand for lightweight, fuel-efficient trailers.
  2. Europe: The European market is expected to see moderate growth in the trailer landing gear market, with countries such as Germany, France, and the United Kingdom leading the way. The market is driven by factors such as increasing trade and the need for sustainable transportation solutions.
  3. Asia Pacific: The Asia Pacific market is expected to see the fastest growth in the trailer landing gear market, driven by the increasing demand for road transportation in countries such as China and India. Manufacturers are also focusing on developing lightweight, fuel-efficient landing gears to meet the needs of the region's growing logistics industry.
  4. Latin America: The Latin American market is expected to see moderate growth in the trailer landing gear market, with countries such as Brazil and Mexico leading the way. The market is driven by factors such as increasing trade and the need for sustainable transportation solutions.
  5. Middle East and Africa: The Middle East and Africa market is expected to see steady growth in the trailer landing gear market, with the region's growing logistics industry driving demand for transportation equipment. The market is also driven by the increasing focus on sustainable transportation solutions in the region.

Trailer Landing Gear Market Forecasts 2030 

Some general information about the expected trends in the trailer landing gear market in the year 2030 based on the trends as of my knowledge cutoff date of 2021.It is expected that the global trailer landing gear market will continue to see steady growth in the coming years, driven by factors such as increasing demand for lightweight and fuel-efficient landing gears, the adoption of automation and IoT technology, and the shift towards electric and hybrid trailer landing gears. Additionally, the increasing focus on sustainability and the growing demand from emerging markets are expected to drive growth in the market.Furthermore, advancements in technology and innovation are expected to play a significant role in the growth of the trailer landing gear market. Manufacturers are likely to focus on developing new and innovative landing gear designs that can offer improved performance, durability, and efficiency, while also reducing environmental impact.Overall, the trailer landing gear market is expected to continue to evolve and grow over the next decade, driven by a combination of economic, technological, and environmental factors.

Trailer Landing Gear Market Key Industry Players

Here are some of the key industry players in the trailer landing gear market:

  1. Jost Werke AG: Jost Werke AG is a leading global manufacturer of trailer landing gears, including fifth wheels, kingpins, and turntables. The company is headquartered in Germany and has a strong presence in Europe, North America, and Asia Pacific.
  2. SAF-Holland S.A.: SAF-Holland is a leading manufacturer of trailer landing gears, axles, and suspension systems. The company is headquartered in Luxembourg and has a strong presence in Europe, North America, and Asia Pacific.
  3. Guangdong Fuwa Engineering Group Co., Ltd.: Fuwa is a leading manufacturer of trailer landing gears, axles, and suspensions. The company is headquartered in China and has a strong presence in Asia Pacific and Europe.
  4. Hendrickson USA, L.L.C.: Hendrickson is a leading manufacturer of trailer landing gears, axles, and suspension systems. The company is headquartered in the United States and has a strong presence in North America, Europe, and Asia Pacific.
  5. BPW Bergische Achsen KG: BPW is a leading manufacturer of trailer landing gears, axles, and suspensions. The company is headquartered in Germany and has a strong presence in Europe, North America, and Asia Pacific.
  6. Yangzhou Tongyi Machinery Co., Ltd.: Tongyi is a leading manufacturer of trailer landing gears, axles, and suspensions. The company is headquartered in China and has a strong presence in Asia Pacific.

These are just a few of the key industry players in the trailer landing gear market. Other notable players include WABCO Holdings Inc., Guangdong Fuwa Heavy Industry Co., Ltd., and Guangdong Fudayu Heavy Industry Co., Ltd.

 

 

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