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Low Bed Trailer Market - Global Industry Insights,<br />
Trends, 2017–2025<br />
Low <strong>bed</strong> trailer Market Outlook – North America holds the largest market of the<br />
global Low-<strong>bed</strong> trailer market.<br />
On the basis of geography, global Low-<strong>bed</strong> trailer market is classified into North<br />
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia pacific<br />
holds the dominant position in the global Low-<strong>bed</strong> trailer market in 2016 and is<br />
projected to retain its dominance throughout the forecast period. The increasing<br />
infrastructure facilities such as production halls, bridges, public buildings, roads and<br />
many more in Asia pacific countries such as India, China has increased the demand of<br />
specialized equipment and manufacturing structures and machines provides the<br />
growth opportunity to the Asia pacific <strong>low</strong> <strong>bed</strong> trailer market. For example, for<br />
highway network the china government have a target to build 3 million km by 2020<br />
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Moreover, the Indian government also released the fund of US$ 65 billion for the<br />
upgrade of two lane national highway to four lane national highway. Hence, this<br />
increasing investment of the road construction have increased the demand of<br />
transportation of heavy manufacturing equipment has fueled the market of <strong>low</strong> <strong>bed</strong><br />
trailer globally. In addition to this, the increasing adoption of mass reduction<br />
technology by the OEMs for the fleet trucks for increasing demand of fuel efficiency<br />
also become one of the major driver for the growth of the global <strong>low</strong> <strong>bed</strong> trailer<br />
market. Improved aerodynamics, <strong>low</strong> rolling resistance, use of <strong>low</strong>-rolling-resistance<br />
tires, idling reduction technologies are some of the new technologies adopted by the<br />
OEMs which helps to improve the fuel efficiency of the trailers.<br />
In addition to this, the increasing demand of freight for defense equipment and<br />
shortage of vehicle logistics for rail and road transport are some of the other drivers<br />
which also provides the growth opportunity to the global <strong>low</strong> <strong>bed</strong> trailer market.
Key companies of global Low <strong>bed</strong> trailer market<br />
Kögel Trailer GmbH & Co.KG, Bernard Krone Holding SE & Co. KG, Wabash<br />
National Corporation, Böckmann Fahrzeugwerke GmbH, Dennison Trailers ltd, Great<br />
Dane Trailers, Humbaur GmbH, Utility Trailer Manufacturing Company are some of<br />
the key companies of the global Low <strong>bed</strong> trailer market.<br />
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https://www.coherentmarketinsights.com/ongoing-insight/<strong>low</strong>-<strong>bed</strong>-trailer-market<br />
-676<br />
Low <strong>bed</strong> trailer market taxonomy<br />
On the basis of product type, the global Low-<strong>bed</strong> trailer market is classified into:<br />
● 2 axle<br />
● 3 axle<br />
● 4 axle<br />
● 6 axle<br />
● Others<br />
Based on product segment the 3 axle product segment holds the dominant position in<br />
the global Low-<strong>bed</strong> trailer market in 2016 and is projected to retain its dominance<br />
throughout the forecast period. The increasing demand for transportation of<br />
agriculture and building machines become the major driving factor for the growth of 3<br />
axle product in the global Low-<strong>bed</strong> trailer market<br />
On the basis of application, the global Low-<strong>bed</strong> trailer market is classified into:<br />
● Forestry Application<br />
● Mining Industry Application<br />
● Engineering Construction Application<br />
● Other
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