A low bed
trailer is an affordable way of transporting a wheeled heavy load. The low bed
is designed so that it can tow a large number of heavy objects securely,
safely, and easily. Low bed trailers are used for various purposes, including
hauling yard waste, construction materials, household items, and furniture. The
low bed can tow most makes of cars. The bed of the low bed trailer is designed
to securely secure a wheeled object and to allow the object to be easily
controlled. The low bed comes in various sizes to suit the needs of any
particular user. It offers users the opportunity to tow a variety of objects
with ease.
Rapid growth
of the cold chain industry is expected to drive growth of the global low
bed trailer market. The cold chain industry has witnessed significant
growth over the years with rising demand for frozen food products. A refrigerated
low bed trailer is designed to carry goods at a specific temperature and is
equipped with mechanical refrigeration systems, which are powered by small
displacement diesel engines. These trailers use carbon dioxide as a cooling
agent, making it significantly efficient at keeping the temperature of products
at the desired level. Besides, the demand for frozen food products across the
globe has increased over the five years, which in turn, has accelerated the
demand for low bed trailers. Hence, such factors are expected to drive growth
of the global low bed trailer market. Furthermore, increasing use of advanced
technologies is expected to boost the global low bed trailer market growth in
the near future.
Challenges
such as total cost of ownership (TCO), maintenance cost, and availability of
lightweight semi-trailers are expected to hinder the global low bed trailer
market growth in the near future. However, the advent of electric semi-trailer
trucks and trailer platooning can present lucrative growth opportunities for
industry players in the near future. Among regions, Asia Pacific is expected to
witness significant growth in the global low bed trailer market. This is owing
to increase in inland transportation, growing construction activities, and growing
demand from the logistics sector in the region. Furthermore, North America is
expected to register a robust growth rate, owing to growing e-commerce
operations and rapid growth of the logistics sector in the region, especially
in the U.S.
Key
companies operating in the global low bed trailer market are Kogel Trailers,
Utility Trailer Manufacturing, Krone, Humbaur, RAC, Great Dane, Wabash,
Dennison Trailers, and Bockmann Fahrzeugwerke.
For
instance, in August 2019, Truck Enterprises Group, a subsidiary of Leslie
Doggett Industries, acquired Great Dane Trailer Dealership for Texas, El Paso,
and other regions.
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