The global timber trailer market is projected to grow at a CAGR of 0.95% to reach US$1.244 billion by 2027, from US$1.165 billion in 2020. A timber trailer also called a timber lorry, is a flatbed or platform type trailer, used for the transport of logs from one place to another in a short time. These trucks are used for either commercial purposes such as small home renovations and woodwork or are used for construction applications like structures and supports in conditions with low loadbearing capacity. The weight of the logs on the timber trailer should not exceed the maximum load that can be borne by the bed of the trailer as it can lead to accidents and hazardous situations during transport.
Increasing construction and infrastructure activities globally are leading to the requirement for the faster delivery of bulk materials to aid in conducting proper and efficient construction, thereby increasing the demand for these trailers from the construction industry.
Furthermore, the market players involved are making investments and advancements to facilitate the timber trailer market growth. DOLL, unveiled its new trailer at the ‘Intermodellbau’, a trade fair for models and model sports, which was held in April 2018. The timber trailer was designed in such a way that it was easily manoeuvrable on narrow forest roads, mountainous paths, and steep roads. The new truck presented by Doll is also capable of transporting logs up to 22m in length. The trailer is two-axle and self-steering.
In addition, some of the steps and initiatives being taken by the government towards increasing the hauling distance and coverage of timber in an attempt to save forests are also increasing the demand for these trucks over the forecast period. For instance, on May 15, 2019, the partners in the Healthy Forest Initiative made some necessary changes to it. The initiative earlier allowed trucks to haul 80,000 pounds of timber, but according to the new rules, it was updated to 90,000 pounds for trucks with 6 axles to improve haulage capacity and ensure faster delivery.
The timber trailer market has been segmented based on application and geography. By, application, the market has been segmented as construction and commercial.
Construction to hold a significant share
Based on application, the construction segment is expected to hold a significant market share attributable to the increasing construction activities across different regions. This is leading to the burgeoning demand for these vehicles, thus, boosting the demand for timber tucks over the next six years.
The Asia Pacific to show good growth opportunities
Based on geography, Europe is expected to hold a significant amount of market share owing to the fact that there has been an increase in the number of logistics and transportation services in countries such as Germany, which is also one of the leaders in logistics services. North America is also expected to hold a considerable market share, facilitated by a growing logistics and transportation industry. According to the World Bank, Logistics Performance Index, Germany increased from 4.122/5 in 2014 to 4.226/5 in 2016, whereas the North American region clocked an increase from 3.887/5 in 2014 to 3.961/5 in 2016. Moreover, the Asia Pacific region is expected to increase its share over the forecast period owing to the increasing number of construction projects in countries like India and China.
The global timber trailer market has been negatively impacted by an epidemic of COVID-19. Reduced industrial production was the outcome. This led to low global demand for timer-trailers as a result. The pandemic caused the automotive industry to suffer severe losses since lockdowns forced the closure of all industrial operations. Pressure on small- and medium-scale businesses increased due to the closing of production facilities in numerous nations. Due to tight borders, several manufacturing businesses also experienced a shortage of raw materials.
|Market Size Value in 2020||US$1.165 billion|
|Market Size Value in 2027||US$1.244 billion|
|Growth Rate||CAGR of 0.95% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Application, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Pitts Trailers, Palmse Mehaanikakoda, Kesla, STEPA Farmkran GmbH, Nokka-tuotteet, AS FORS MW, DOLL Fahrzeugbau GmbH, Woody Equipment, Inc., Anser Manufacturing Ltd|
|Customization Scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What is the size of the global timber trailers market?
A1. Timber Trailers Market was valued at US$1.165 billion in the year 2020.
Q2. What will be the timber trailers market size by 2027?
A2. The global timber trailer market is projected to reach a market size of US$1.244 billion by 2027.
Q3. What are the growth prospects for the timber trailers market?
A3. The timber trailer market is projected to grow at a CAGR of 0.95% over the forecast period.
Q4. How is the global timber trailers market segmented?
A4. The global timber trailers market has been segmented by application and geography.
Q5. Which region holds the largest market share in the timber trailers market?
A5. Europe is expected to hold a significant share in the timber trailers market owing to the fact that there has been an increase in the number of logistics and transportation services in countries such as Germany.
STEPA Farmkran GmbH
AS FORS MW
DOLL Fahrzeugbau GmbH
Woody Equipment, Inc.
Anser Manufacturing Ltd
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.