Low Bed Trailer Market to Witness Massive Surge with Truck Enterprises Group Completing Acquisition of Great Dane Trailer Dealership for Texas and other regions

 

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.