27-Sep-2022 | Facts and Factors
According to Facts and Factors, the global trailer stabilizer market size was worth around USD 9 billion in 2021 and is predicted to grow to around USD 13.29 billion by 2028 with a compound annual growth rate (CAGR) of roughly 3.9% between 2022 and 2028.
A trailer is defined as an unpowered vehicle that requires assistance from another vehicle for movement. Trailers are attached to other automobiles that pull the trailer in the desired direction and trailer stabilizers play an important role in confirming that the attached trailer does not sway uncontrollably leading to accidental mishaps. Trailers are also called recreational vehicles as they are equipped with all essential items that are found in a household environment, including arrangements for sleeping, sitting, working out, and cooking to name a few. This is why they are also termed mobile homes and there is a rising trend of people opting to live in trailers thus propelling the demand for trailer stabilizers given their high importance in maintaining the physical safety of the automobile as well as people living in it. There are three main types of stabilizers depending on the number of axles in the towing vehicle. For instance, a multi-axle vehicle contains more than two axles, generally three, but in some cases, the number goes up to four. Tandem axle vehicles contain two axles, and the third one is the single axle trailer stabilizer.
Browse the full “Trailer Stabilizer Market Size, Share, Growth Analysis Report By Application (Heavy Weight Trailer, and Light Weight Trailer), By Axle Type (Multiple Axle Trailer Stabilizer, Tandem Axle Trailer Stabilizer, and Single Axle Trailer Stabilizer), By Industry Type (Commercial, and Recreational), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/trailer-stabilizer-market
The global market witnessed a surge in the demand for recreational vehicles during the second half of 2020. This was driven by the large number of people who bought luxury vehicles as a means for personal travel over long distances. For example, Australia recorded a total sales of 7.50,000 motorhomes in 2020. In the same year, luxury camping appointments made by Airstream were pre-booked until August 2020, in the United States.
The global trailer stabilizer market is projected to grow owing to the expanding logistics sector, which is one of the largest consumers of trailers as a means of transporting goods. The demand for trailers in the logistics segment is further driven by the addition of e-commerce company-owned logistics companies along with the stand-alone business. For instance, Amazon, the world’s largest e-commerce company transports its product under the company logistics wing as opposed to making the delivery through a third party. In 2020, as reported by Statista, Amazon Logistics generated more than USD 80 billion in revenue, while the company was reported to have delivered more than 4.2 billion packages ordered from the Amazon website. In 2015, the company bought more than 1000 truck trailers to aid its ambitious expansion of the logistics wing. Since many of these large-scale logistics and e-commerce companies invest in trailers to store and transport the products, the industry is also a heavy consumer of trailer stabilizers, especially for the heavyweight trailers that require stabilizers as well as drivers' competence to be towed.
Although the adherence failure to the provided guide may restrict the global market growth, opportunities can be expected due to advanced technology while facing challenges because of lack of specialized equipment to tow heavy loads.
The global market is segmented based on application, product, industry type, axle type, and region.
Based on application, the global market segments are heavy-weight trailer and light-weight trailer, with the latter gaining more segmental revenue as they are more difficult to handle and require extra assistance when being towed. Heavy-weight trailers can weigh up to more than 5000 pounds.
Based on industry type, the global market is segmented into commercial & recreational, with the highest growing segment for commercial purposes, as generally, companies dealing in trailers have a fleet of vehicles for renting. For example, the Utility Trailer Manufacturing company manufactured over 51000 trailers in 2019.
Based on axle type, the global market is divided into multiple axle trailer stabilizers, tandem axle trailer stabilizer, and single axle trailer stabilizer, with tandem axle type leading the segmental revenue owing to its properties of providing stability at higher speeds, and a generally high safety index of tandem axle trailers at a reasonable price. For instance, the Landforce Tipping Trailers cost INR 15,000.
Asia-Pacific is projected to generate the highest revenue in the global trailer stabilizer market due to the exponential rise of the e-commerce and logistics sector in the countries of India, China, Japan, and South Korea. The regional market is driven by the increasing population resulting in more sales via online channels as well as a growing number of e-commerce platforms. Japan’s e-commerce business is estimated to be around USD 4.9 trillion while Singapore ranks fourth in the link top 10 countries boosting the largest e-commerce market. The infrastructure of Canada and the US, along with the presence of expansive roadways, allows people to use recreational trailers when traveling long distances, which is a major reason for high product demand in the regional market. Growth in Europe may be driven by the growing tourism and special preference to use trailers for traveling.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 9 Billion |
Projected Market Size in 2028 |
USD 13.29 Billion |
CAGR Growth Rate |
3.9% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Aldon Company Inc, Futura Trailers, Robert Bosch GmbH, Continental AG, Ford Motor Company, and others. |
Key Segment |
By Application, Axle Type, Industry Type, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The global trailer stabilizer market is led by players like Aldon Company Inc, Futura Trailers, Robert Bosch GmbH, Continental AG, and Ford Motor Company.
Recent Developments:
- In February 2022, Indie Campers, Europe’s biggest RV rental company, announced its market expansion strategy by starting its operations in the United States.
- In February 2022. Airstream announced the launch of eStream, a self-sufficient camper using solar energy for power.
The global market is segmented as follows:
By Application
- Heavy Weight Trailer
- Light Weight Trailer
By Axle Type
- Multiple Axle Trailer Stabilizer
- Tandem Axle Trailer Stabilizer
- Single Axle Trailer Stabilizer
By Industry Type
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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