Modular Trailer Market worth $19.6 billion by 2027
                     MarketsandMarkets 
Presents
Modular Trailer Market worth $19.6 
billion by 2027
https://
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The report "Modular Trailer Market by Type (Multi-Axle, 
Telescopic/Extendable, and Lowboy Trailer), Axles (2 Axles and 
>2 Axles), Application (Construction & Infrastructure, Mining, 
Wind & Energy and Heavy Engineering), and Region - Global 
Forecast to 2027", The modular trailer market, by value, is projected to 
grow to USD 19.6 billion by 2027 from USD 14.0 billion in 2019, at a 
CAGR of 4.3%. 
The increasing demand for modular trailers in construction and 
infrastructure, mining, wind & energy, and heavy engineering will drive 
the growth of the modular trailer market.
Browse 64 market data Tables and 33 Figures spread 
through 104 Pages and in-depth TOC on "Modular Trailer Market”
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“Multi-axle trailer to be the largest segment, by trailer type”
The multi-axle trailer segment is projected to lead the modular trailer 
market, by trailer type. Multi-axle trailers are used in all major 
application industries. End users prefer multi-axle trailers, especially due 
to their unique feature—customizable as per the payload requirement. 
The per axle payload capacity of multi-axle trailers starts from 15 tons. 
“Heavy engineering to be the fastest growing segment of the 
modular trailer market, by application”
Heavy engineering is the fastest growing segment, by application. This 
segment includes nuclear power equipment (steam generators, reactor 
pressure vessels, turbines, generators) and industrial equipment (fire-
tube boilers, water-tube boilers). Increasing activities and developments 
in the nuclear power plant industry lead to more usage of modular 
trailers for transportation of heavy engineering equipment from 
manufacturing locations to the installation sites.
The demand for industrial equipment is progressing at a rapid pace, 
owing to rapid industrialization and urbanization in various countries 
worldwide. Increasing demand for such equipment would drive the 
demand for transportation, thereby driving the modular trailer market.
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370
 
“Asia Pacific is expected to hold the largest market for modular 
trailers during the forecast period”
Asia Pacific is estimated to account for the largest share of the market for 
modular trailers from 2019 to 2027. Asia Pacific has witnessed growth in the 
modular trailer market for the past couple of years. The region comprises 
economies like India, China, and South Korea. High growth in these countries 
offers new opportunities in the modular trailer market. The increase in the 
overall industrial production has led to increased freight transportation, 
fueling the demand for modular trailers in this region. Therefore, Asia Pacific 
is estimated to be the largest market for modular trailers, particularly for 
multi-axle trailers.
The modular trailer market is dominated by global players and comprises 
several regional players as well. The key players in the modular trailer market 
are Goldhofer (Germany), Nooteboom Trailers (Netherlands), Faymonville 
(Italy), VMT Industries (India), TII Group (Germany) K-Line trailers (Canada), 
Tratec Engineers (India), and Anster (China).
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Recent Developments:
• In March 2019, Faymonville Group launched a blade lifter with the 
name BladeMAX. This blade lifter has a huge load capacity of 716.5 
tons. It helps transport mega wind turbine blades safely and efficiently 
in wooded or built-up areas, narrow streets, or mountainous regions.
• In January 2019, Faymonville Group acquired commercial vehicle 
dealer Stürzer Heavy Trucks. This acquisition expanded Faymonville 
Group's activities in South Germany, Austria, and Switzerland.
• In June 2019, TII Group and Vestas signed a contract for nine wind 
blade transport systems. Vestas is the global leader in sustainable 
energy solutions and manufacturer of wind power plants in terms of 
sales and installed capacity. This contract would help the development 
of new transport solutions to improve TII’s ability to transport its 
longest blades over long distances in a flexible and cost-efficient way.
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