The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape.
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry.
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
Trailer coupler is a mechanical component attached to trailer that is welded or bolted at the end of Trailer tongue to fix the coupling between trailers and tow vehicle. Trailer coupler is directly connected with a ball hitch, which is attached to hitch receiver of the tow vehicle. The trailer coupler capacity is needed to be equal to or greater than the gross trailer weight. Trailer coupler has a wide range of application in the various industries such as infrastructure, logistics, transport, and manufacturing industries.
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Trailer Coupler Market: Drivers and Challenges
In recent era, the requirement for automotive trailers from the end use industries including manufacturing, transport, and construction is increasing. The swelling demand for automotive trailers will likely to drive parallel demand for trailer coupler.
Logistics landscape is changing drastically over the changing logistic requirements from the consumers. This changing requirement in the logistics end is expected to affect the consumption of commercial vehicles. The increasing fleet size of commercial vehicles is expected to bolster the trailer coupler market. In transportation and logistics of the goods, avoidance in the damage of goods carried is the prominent factor. For safe transit of goods from the tow vehicle is need to connect to the traction vehicle properly where trailer coupler plays the leading role. Increasing logistics and transportation activities are estimated to affect the trailer coupler market positively.
In the technological front, the world is experiencing the development of new digital technologies in the truck and trailers for logistics management. Digitalization in the truck and trailers is projected to create the new truck service scenario in the future. The increasing need of digitalized technologies is expected to create opportunities for production of technological advanced truck and trailers. Production of digitalized Truck and trailers are expected to boost the demand for trailer coupler.
Trailer Coupler Market: Segments
The Trailer Coupler Market can be segmented on the basis of Product type, Coupler Capacity, sales channel type, vehicle type, End use and region
On the basis of the Product type, the Trailer Coupler Market can be segmented as:
- A-Frame Trailer Couplers
- Straight Trailer Couplers
- Adjustable Trailer Couplers
- Gooseneck Trailer Couplers
On the basis of the Coupler Capacity, the Trailer Coupler Market can be segmented as:
- 2,000 lbs to 5000 lbs
- 5,000 lbs to 12,000 lbs
- 12,000 lbs to 21,000 lbs
- More than 21,000 lbs
On the basis of the Sales Channel type, the Trailer Coupler Market can be segmented as:
- OEM
- Aftermarket
On the basis of the Trailer type, the Trailer Coupler Market can be segmented as:
- Flat Bed Trailers
- Dry Van and Enclosed Trailers
- Refrigerated Trailers and Reefers
- Stretch Drop Trailers
- Conestoga Trailers
On the basis of the End use, the Trailer Coupler Market can be segmented as:
- Automotive
- Agricultural Machinery
- Trailer
Trailer Coupler Market: Regional Outlook
North America is projected to hold the prominent share in the trailer coupler market owing to increasing production of the commercial vehicle. East Asia and South Asia are estimated to be leading contributors in the trailer coupler market followed by North America. Moreover, in the South Asia region, rising logistics and transportation activities will likely to increase the usage of trailers. Due to this factor, Trailer coupler is worthy of attention in the South Asia Region.
A recently growing automobile manufacturing industry in Latin America, particularly in Brazil and Mexico, is expected to create high-end opportunities for the players in the Trailer coupler market. In Recent years, Cargo transportation is projected to witness significant growth all over the world. Encouraging cargo transportation is intended to generate notable opportunities for the key players operating in the trailer coupler market.
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The governments in many regions have started implementing the newly levied rules and regulations pertaining to carbon emissions that are associated with the use of trailers in commercial vehicles. Moreover, U.S. (NHTSA) National Highway Traffic Safety Administration and, U.S. EPA (Environmental Protection Agency) have adopted the rules and regulations for trailers, which is expected to affect the Trailer Coupler Market positively.
Trailer Coupler Market: Key Participants
Examples of some of the market participants in the Trailer Coupler Market identified across the value chain include:
- Horizon Global Corporation
- VBG Group Truck Equipment AB
- CURT Manufacturing LLC
- Eastern Group, Inc
- Princess Auto Ltd.
- Connor USA Towing.
- Maxxtow Towing Products
- CALIFORNIA IMMOBILIZER
- Husky Towing Products
- Rigid Hitch Inc.
- Titan Tire Corporation
- Northern Tool + Equipment
The Trailer Coupler research report presents a comprehensive assessment of the Trailer Coupler market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Trailer Coupler market segments such as geographies, application, and industry.
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We leave no stone unturned to give clients an exhaustive coverage of the industry.
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