Global Truck and Trailer Landing Gear Market Report and Forecast 2024-2032

Global Truck and Trailer Landing Gear Market Report and Forecast 2024-2032

Global Truck and Trailer Landing Gear Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global truck and trailer landing gear market is projected to grow at a CAGR of 7% between 2024 and 2032. Aided by the accelerating global trade, advancements in trailer designs, and heightened emphasis on vehicle safety, the market is expected to grow significantly by 2032.

Truck and trailer landing gear, colloquially known as legs or stabilisers, are crucial components employed to support the trailer when it is uncoupled from the truck. These mechanical systems ensure stability, prevent forward or backward tilting, and provide a mechanism for height adjustment. Given the weight and load variability in trailers, landing gears play an essential role in maintaining the trailer's equilibrium and protecting the cargo.

One of the principal driving forces behind the global truck and trailer landing gear market growth is the continuous uptick in international trade and logistics. As global commerce expands, there is an intrinsic demand for robust transportation infrastructures, particularly in trucking and freight services. Trailers, forming the backbone of land-based freight services, have thus seen consistent demand, subsequently pushing the market for associated components like landing gears.

As per the truck and trailer landing gear market analysis, the wave of innovation and design enhancements in the trailer industry stands as a testament to the evolving needs of the global economy. Modern trailers are more sophisticated, equipped to handle diverse cargo types, and built to optimise space and weight constraints. As a result, landing gears, too, have seen advancements in materials used, weight distribution capabilities, and operational efficiency.

Safety, always at the forefront of vehicle design, further bolsters the truck and trailer landing gear market demand. Regulatory bodies worldwide continually upgrade safety standards for heavy vehicles, given their potential risks on roads. Landing gears, being central to ensuring a trailer's stability especially when stationary, are therefore of paramount importance. Innovations like sensor-based systems that alert drivers of incorrect deployments and enhanced rust-resistant materials are indicative of the industry's commitment to safety.

Countries in regions like Southeast Asia, Africa, and parts of Latin America are witnessing rapid industrialisation and infrastructural developments, further increasing the value of the truck and trailer landing gear market size.

Market Segmentation

The market can be divided based on type and region.

Market Breakup by Type

• Manual Landing Gear
• Automatic Landing Gear

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global truck and trailer landing gear market. Some of the major players explored in the report by Expert Market Research are as follows:

• Guangdong Fuwa Engineering Group Co. Ltd.
• Haacon Hebetechnik GmbH
• JOST Werke AG
• BPW Bergische Achsen Kommanditgesellschaft Ohlerhammer
• SAF-HOLLAND GmBH
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.