Market Highlights
The landing gear for the truck trailer refers to retractable supports that retain the height of the trailer while the tractor is removed. To support the trailer after it is decoupled from the prime mover, a pair of landing legs are mounted at the front end. Landing gear, also known as stabilizers, should have the sufficient ability to lift the loaded trailer, if necessary, with a gear system. The increasing demand for logistics creates a need for trucks and trailers, which has had a positive effect on the truck landing gear market’s growth. Furthermore, the growing trailer fleet and the high volume of foreign trade are also fueling the development of the truck landing gear market.
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The global Truck Trailer Landing Gear Market Size is anticipated to register a CAGR of 4% during the forecast period, 2020 to 2027.
Globally, the transport sector’s transition and evolution can be attributed to the growth of the industrial and agricultural sectors, which in turn fuel demand for trailer trucks that are commonly used by fleet operators to transport goods and material from one location to another. During the forecasted period, these trends are primarily expected to drive the growth of the truck and trailer landing gear market.
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Global Truck Trailer Landing Gear Market Size, 2020–2027
Truck Trailer Landing Gear Market Size Outlook and Opportunities in Grooming Regions with Forecast 2027-Press release image-00
In 2019, Asia-Pacific Contributed Significantly to the Truck Trailer Landing Gear Market Size in Terms of Share: MRFR
Based on region, the Truck Trailer Landing Gear Market Size has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is projected to dominate the Truck Trailer Landing Gear Market Size in the coming years, which can be attributed to the increasing vehicle production and the presence of prominent players operating in this region. Furthermore, the increasing per capita disposable income levels and the growing spending capacity contribute to the North American and European markets’ growth.
Global Truck Trailer Landing Gear Market Size has been segmented by Operation, Lifting Capacity, Sales Channel, and Region.
Based on operation, the global Truck Trailer Landing Gear Market Size is segmented into manual truck landing gear and automatic truck landing gear. The automatic truck landing gear segment is anticipated to grow at a significant CAGR in the coming years.
By lifting capacity, the Truck Trailer Landing Gear Market Size has been split into less than 20,000 lbs, 20,000 lbs to 50,000 lbs, and more than 50,000 lbs. The less than 20,000 lbs segment accounted for the largest market share and is anticipated to register a significant CAGR in the coming years.
By sales channel, the global Truck Trailer Landing Gear Market Size has been split into OEM and aftermarket. The OEM segment held a larger market share and is anticipated to grow at a significant CAGR in the coming years.
Global Truck Trailer Landing Gear Market Size is anticipated to register a 4% CAGR between 2020 and 2027.
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Drivers
Truck Trailer Landing Gear Market Size Outlook and Opportunities in Grooming Regions with Forecast 2027-Press release image-01
Source: MRFR Analysis
Scope of the Report
This report provides an in-depth analysis of the global Truck Trailer Landing Gear Market Size, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, and the rest of the world. The report also presents a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Truck Trailer Landing Gear Market Size by operation, lifting capacity, sales channel, and region.
Operation
Manual Truck Landing Gear
Automatic Truck Landing Gear Steel
Lifting capacity
Less Than 20,000 lbs
20,000 lbs to 50,000 lbs
More Than 50,000 lbs
Sales channel
OEM
Aftermarket
By Region
North America
Asia-Pacific
Europe
Rest of the World
Key Players
TSW Alloy Wheels (US), Euromax Wheel (US), Maxion Wheels Inc. (US), VOXX International Corporation (US), Mobile Hi-Tech Wheels Inc. (US), Sota Offroad (US), Status Wheels (TUFF A.T) (US), Fuel Offroad Wheels (US), Wheel Pros Holdings, LLC (US), and Topy Industries Limited (Japan) are the key players operating in the global Truck Trailer Landing Gear Market Size.
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Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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