The global trailer landing gear market is anticipated to grow at a CAGR of 5.2% during the forecast period (2022- 2028). The trailer landing gear is a stand or supports pillar that is used to provide stability and support the trailer when it is parked or detached from the truck. The trailer landing gear supports to maintain the position of the trailer whether the trailer is joined or removed from the truck or tractor. A pair of landing legs or landing pillars are provided at the front end of the trailer to support the trailer after it is decoupled from the truck or tractor.
The rise in demand for lightweight and fuel-efficient trailers and semi-trailers, stringent government policies, norms, and regulations regarding emission, and the rising demand for incorporation of trailer landing gears in existing trailers are some driving factors supporting the growth of the global trailer landing gear market. Additionally, the rise in the adoption of lightweight and strong truck landing gears along with the increase in demand for milk and oil tankers, the rising demand for transportation in e-commerce, and the increase in the fleet of trailers are further boosting the growth of the global trailer landing gear market. However, the landing gear can cause corrosion, wear and tear, and others and also require timely maintenance and grease to keep them working which leads to high maintenance costs. This, in turn, is restraining the growth of the market.
Some major players in the market include Sinotruck Howo Sales Co., Ltd., JOST Werke AG, and Butler Products Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in March 2022, Razor International Pty Ltd. introduces an app for landing gear. Additionally, in January 2019, SAF-HOLLAND SE unveiled a new layer of protection for landing gear namely True Lube grease.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Sales Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape– Sinotruck Howo Sales Co., Ltd., JOST Werke AG, and Butler Products Corp., among others.
A full report is available at: https://orionmarketreports.com/global-trailer-landing-gear-market/102697/
Global Trailer Landing Gear Market Report by Segment
By Type
- Automatic
- Manual
By Sales Channel
- OEM
- Aftermarket
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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