Global Timber Trailer Market Size By Product (For Truck, For Tractor), By Application (Commercial Use, Personal Use), By Geographic Scope And Forecast
Report ID: 21582|No. of Pages: 202
Global Timber Trailer Market Size By Product (For Truck, For Tractor), By Application (Commercial Use, Personal Use), By Geographic Scope And Forecast
Timber Trailer Market Size And Forecast
Timber Trailer Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2023 to 2030.
Various woodworking industries are using round wood extensively for producing furniture, crates, boxes, etc. Thus, the production and consumption of wood products are driving the growth of the Timber Trailer Market. Also, growing industrialization is fueling the market demand for Timber Trailer Market. The Global Timber Trailer Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Timber Trailer Market Definition
Wood transformation begins from the forest road, where processed wood or timber assortments are placed, and then they are loaded on trucks and tractor trailers and transported to the woodworking industry and consumption centres. Transport plays a crucial role in the proper functioning of the economic system. At the time of transporting timbers, the high variability of species, assortments and moisture content of wood is measured so that weight of transported timber should be precisely determined. A timber trailer is also called a timber lorry, it is a platform or flatbed type trailer used for the transport of logs from one place to another place in a shorter time.
Such types of trucks are both used for commercial purposes such as construction applications like structure and support in low loadbearing capacity and home renovation and used for personal use such as for agricultural activities, nowadays, tractor timbers are more popular for agricultural purposes. The weight of the logs on the timber trailer should not be more than the maximum loading capacity of the trailer as it can lead to an accident-like situation during transport. There are various applications of Timber Trailer such as the construction industry and various commercial and personal uses.
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Global Timber Trailer Market Overview
Increasing constructions and infrastructure activities across the globe are leading to requirements for faster delivery of bulk material to aid in conducting efficient and proper construction, thus increasing demand for the construction industry is fueling the growth of the Timber Trailer Market. Furthermore, key market players are more focusing on investment in the timber trailer business thus, this is considered to be a factor behind the growing Timber Trailer Market. Automation is a highly demanded norm in many sectors, autonomous tractors with trailers for transportation are prominently found into agriculture and are estimated to fuel the growth of Timber Trailer Market. in addition, use of flatbed timber trailers for high payload capacities are expected to provide high demand over the forecast period. Since the popularity of the combination of flatbed trailers pulled by semi-trucks, used for pulling versatile stackable products is growing these days.
Moreover, industrial growth ad a favourable fixed investment climate will support the growth of the Timber Trailer Market. Also, forestry companies are looking for reducing their operational cost and enhance production through using technological advancement. In addition, government regulations and efforts are likely to accelerate the sales of new, highly-priced timber trailer units engineered to meet requirements. However, rising concerns about the environment and strict rules and regulations regarding tree plantation and wildlife are restricting the growth of Timber Trailer. Also, an outbreak of COVID-19 has shown a negative impact on Timber Trailer Market across the globe.
Global Timber Trailer Market Segmentation Analysis
The Global Timber Trailer Market is segmented based on Product, Application, and Geography.
Timber Trailer Market, By Product
• For Truck
• For Tractor
Based on Products, the market is segmented into For Truck and For Tractor. Among this entire segment products for tractors are expected to hold the largest share in the market due to, growing agricultural demand, and autonomous tractors with trailers are likely to be found more useful in the agricultural sector.
Timber Trailer Market, By Application
• Commercial Use
• Personal Use
Based on Application, the market is segmented into Commercial Use and Personal Use. The commercial use sub-segment is expected to grow at the fastest pace and also, leading market share due to increasing construction activity and infrastructure development that in turn boost the demand for these vehicles.
Timber Trailer Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
On the basis of Regional Analysis, the Global Timber Trailer Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The largest share in the market will be dominated by Europe due to an increase in logistics and transportation activities in countries such as Germany, which is considered one of the leading countries in logistics services.
Key Players
The “Global Timber Trailer Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Schmitz, Paccar, Scania, Anser Manufacturing, Tonar, Krone, Woody Equipment, Fors MW, Nokka Europe, STEPA Farmkran, Kesla, KTS, Palmse Mehaanikakoda and Pitts Trailers.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
• In December 2016, Analytical Services Inc. (ANSER) announced its acquisition of Fairfax based InTec LLC, which is a leader in driving technical and management expertise in overall federal government to indulge intelligence, Civil and Defense Agencies, This acquisition with InTec has Broadened the capabilities of ANSER as a leading public service.
• In May 2022, Schmitz Cargobull offers a wide range of smart trailers in food and beverage industry and is especially designed to streamline, simplify and reduce the cost of transporting food products, QMC Logistics is a logistics company which utilizes its trailers in the national transport of perishable food items.
• In June 2022, Paccar Winch introduced UBL Bumper which has a lightweight aluminum shell along the heavy-duty steel super structure for accommodation of both TR12 and TR15 planetary recovery winches. This modular design of UBL will permit the fast and easy installation without any need for customer mounting brackets or welding which is depend on the TR series recovery winch.
• In January 2022, Paccar which is a leader in electric, connected and autonomous commercial vehicle is introducing the three vehicles along with the innovative technologies at CES, which is the world’s largest showcase for technological innovation. These three vehicles has a battery of electric Kenworth T680E with Paccar battery charger, This Kenworth T680E battery electric truck is a zero emission commercial vehicle.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| KEY COMPANIES PROFILED | Schmitz, Paccar, Scania, Anser Manufacturing, Tonar, Krone, Woody Equipment, Fors MW, Nokka Europe, STEPA Farmkran, Kesla, KTS. |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Data Collection Matrix
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Industry Analysis Matrix
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