A modular trailer is a specific vehicle that is used to convey a large number of cargo that are difficult to deconstruct and move across long distances. Owing to their lateral stability, these are also utilized in mining operations, as well as in industries including iron, steel, construction, and even power plants. To establish an axle line, the trailers are usually controlled using computer software.

 Detailed Segmentation –

The global modular trailer market is segmented on the basis of – Types, Number of Axless, Applications, and Region. A detailed segmental description is represented below:

Based on Types:

• Multi-Axle
• Telescopic/Extendable
• Lowboy

Based on Number of Axles:

• 2 Axles
• >2 Axles

Based on Applications:

• Construction & Infrastructure
• Mining
• Wind & Energy
• Heavy Engineering

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Based on Key Players:

• VMT Industries Pvt Ltd.
• K-Line Trailers Ltd.
• TII SALES Transporter Industry International Sales GmbH & Co KG
• Demarko Trailers
• Tidd Ross Todd Limited
• Shandong Titan Vehicle Co. Ltd.
• HugeIron Tech Co. Ltd.
• Cometto S.p.A. a Socio Unico
• Pacton Trailers B.V.
• Broshuis Bv
• Raglan Industries
• Talbert Manufacturing Inc.
• DOLL Fahrzeugbau AG
• others

Market Dynamics –

Drivers for the Global Modular Trailer Market:

This market is expected to generate significant revenue due to an increase in the use of freight transportation and the diversification of the wind energy industry in installing additional power-generating equipment. Moreover, the increase in respective government funding or investments for the development of current infrastructure has resulted in an increase in the demand for modular trailers to transport huge girders, massive bridge segments, construction machines, and concrete beans, in turn accelerating market expansion prospects in the process.

Business expansion initiatives by major companies to increase their respective market presence and product portfolios, as well as the steady increase in wind energy power plants, are factors that are influencing this market in positive manner, thereby augmenting this industry in the process.

Restraints for the Global Modular Trailer Market:

Competitivness of both regional as well as local players, in terms of expanding their respective businesses, the steady increase in imposed government regulations, as well as shortages of skilled drivers are factors expected to hamper the revenue growth of this market.

Opportunities for the Global Modular Trailer Market:

A recent trend that is being observed in this industry is that now market players are focusing their efforts toward penetrating markets in emerging countries as a means of expanding their respective client bases. This is projected to create new opportunities for further market expansion in the years to come.

Competitive Landscape –

Key players in this market are – VMT Industries Pvt Ltd., K-Line Trailers Ltd., TII SALES Transporter Industry International Sales GmbH & Co KG, Demarko Trailers, Tidd Ross Todd Limited, Shandong Titan Vehicle Co. Ltd., HugeIron Tech Co. Ltd., Cometto S.p.A. a Socio Unico, Pacton Trailers B.V., Broshuis Bv, Raglan Industries, Talbert Manufacturing Inc., and DOLL Fahrzeugbau AG, among others.

Key developments –

2019:

• In March 2019, BladeMAX is a blade lifter developed by Faymonville Group. The load capacity of this blade lifter is 716.5 tons. It aids in the safe and effective carriage of gigantic wind turbine blades through wooded or built-up areas, small streets, or even mountainous locations.
• In January 2019, Stürzer Heavy Trucks was acquired by Faymonville Group, a commercial vehicle dealer. The Faymonville Group’s activities in South Germany, Austria, and Switzerland were increased as a result of this transaction.
• In June 2019, an agreement for systems of nine wind blade transport was signed between TII Group and Vestas. In terms of revenue and installed capacity, Vestas is the world’s leading provider of sustainable energy solutions and a producer of wind power plants. This contract will aid in the development of innovative transportation methods to assist TII to deliver its longest blades over vast distances in a flexible and cost-effective manner.

For the Modular Trailer Market research study, the following years have been considered to estimate the market size: