The Timber Trailers Market is expected to grow from USD 1.495 billion in 2025 to USD 1.663 billion in 2030, at a CAGR of 2.15%.
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. 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. 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.
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.
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. 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.
Key Developments:
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.
Timber Trailers Market Segmentations: