The trailer market - United States

The global trailer market has experienced growth in recent years, with significant expansion in various regions. As of 2020, China remained the leading producer, with expectations of further growth, while North America, comprising the US and Canada, exhibited a recovery in production rates due to surging demand. The production of trailers in Western Europe has been relatively stable. The US trailer market, specifically, has seen historical highs with rising employment and revenues within the industry, reaching over a million jobs and $43.55 billion in 2018. The demand has been fueled by various applications, spanning from agriculture to recreational vehicles. Notably, the market for Recreational Vehicles (RVs) has boomed, particularly driven by the rising interest of millennials in camping and travel, with RV sales hitting record levels. Environmental concerns have also influenced the market, with aluminium trailers becoming more popular due to their lower environmental impact during production. Within the market, there is a complex ecosystem of manufacturers and dealers, often connected through associations like the NATM and NATDA. Despite the robust market, potential challenges loom ahead due to protectionist measures, such as tariffs on imported materials like steel and aluminium, that may increase production costs by up to 5%..Title: "Dynamic Evolution and Cultural Importance of the U.S. Trailer Market" In the United States, the trailer market has historically been an integral part of its culture and economy, boasting an extensive network of both manufacturers and dealers catering to a diverse array of personal and commercial needs. Trailers, which range from those pulled by light vehicles for non-commercial uses to heavy-duty semi-trailers intended for commercial logistics, are integral to the American way of life. The American market for trailers has been witnessing historic growth, with the industry playing a significant role in terms of employment and revenue generation. With the manufacturing sector adding thousands of jobs, closely linked to trailer manufacturing, the country has seen a considerable growing trend in job creation. Specifically, the motor vehicles and parts industry, which comprises trailer manufacturing, has crossed the one million mark in employment, revealing an increase of approximately 10-15% over five years. Revenue-wise, the trailer industry has demonstrated a rising trajectory, reaching upwards of $40 billion by 2018. While the growth rate has experienced a plateau, suggesting a potential maturity in the market since 2015, projections until 2022 indicate a steady if modest annual growth rate below 1%. The U.S. trailer market has been characterized by a high demand for various trailer types, driven by multifaceted applications ranging from agriculture, vehicle hauling, marine sports, heavy-duty requirements, and more. The widespread use of trailers for leisure activities is notable, with recreational uses accounting for a substantial portion of trailer application. It's estimated that over 25 million trailers are registered in the U.S., with over half owned by individuals, demonstrating that approximately 4-5% of U.S. citizens utilize trailers for private purposes. The trailer market has seen specific trends, particularly in the areas of recreational vehicles (RVs) and travel trailers. Young millennials' growing interest in travel and camping has fueled this segment's expansion. Sales of RVs have reached unprecedented heights, marking consecutive years of growth and anticipating continued upward movement. Environmental consciousness among Americans has also influenced market trends, with a growing preference for aluminum trailers due to their lower carbon footprint in comparison to steel trailers. To conclude, the U.S. trailer market reflects a robust industry, both in terms of its contribution to the economy and the varied demands it satisfies for the American public. Despite the indications of market maturity, specific segments continue to thrive, propelled by younger demographics and environmental considerations. The future of the trailer market in the U.S. promises to maintain its significance and adapt to the.### Key Players Shaping the American Trailer Market Landscape The American trailer market is populated with a range of manufacturers and dealers, each bringing its own unique offerings to cater to the diverse needs of trailer consumers. From general utility trailers to specialized heavy-duty and semi-trailers, as well as the increasingly popular RVs and travel trailers, the market is characterized by the presence of established companies with dominant footholds as well as smaller entities that contribute to the industry’s variety and reach. Below is an overview of some of the main players in various segments of the trailer market: #### General Utility Trailer Manufacturers - **Aluminium Trailer Company (ATC)**: Specializes in reliable and customized aluminium trailers designed for a multitude of uses and known for their durability and lightweight construction. - **Aluma**: Offers a wide selection of aluminum trailers known for their maintenance-free, lightweight properties, and robust build quality. - **Pace American**: Well-known in the market for providing a range of enclosed trailers suitable for cargo, utility, and specialty applications. - **Featherlite**: With innovation at its core, Featherlite is renowned for manufacturing premium aluminium trailers that are both versatile and dependable. - **Universal Trailer**: A conglomerate known for a range of brands, Universal Trailer brings a host of utility and specialty trailers to the market. - **Wells Cargo**: Boasts a long history of crafting durable trailers designed to meet the needs of various commercial and recreational applications. #### RV and Travel Trailer Manufacturers - **Thor Industries**: As one of the giants in RV and travel trailer manufacturing, Thor Industries caters to the leisure segment with a variety of models designed for comfort and adventure. #### Heavy Duty and Semi-Trailer Manufacturers - **East Manufacturing Company**: Dedicated to producing sturdy and functional heavy-duty trailers ideally suited for commercial and industrial uses. - **Felling Trailers**: A well-established name manufacturing an impressive line-up of heavy-duty trailers, committed to high-quality standards. - **Haulmark**: Part of the Universal Trailer family, Haulmark provides a variety of enclosed trailers and specialty transport solutions. - **Utility Trailer Manufacturing**: Known as one of the oldest and largest manufacturers of refrigerated trailers, dry freight vans, flatbeds, and Tautliner curtainsided trailers. #### Trailer Dealerships - **Visto's Trailer Sales**: This dealer prides itself on a comprehensive selection of trailers along with expert advice and customer service. - **Brinkman's Inc**: A reputable dealer offering a wide range of trailers from many manufacturers, ensuring customers

Inforamtion

• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 09/10/2020

Update Details

---

Summary and extracts