Market Size of Europe Light Commercial Vehicle Trailer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 106.23 Billion |
| Market Size (2029) | USD 145.26 Billion |
| CAGR (2024 - 2029) | 6.46 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Light Commercial Vehicle Trailer Market Analysis
The Europe Light Commercial Vehicle Trailer Market size is estimated at USD 106.23 billion in 2024, and is expected to reach USD 145.26 billion by 2029, growing at a CAGR of 6.46% during the forecast period (2024-2029).
- With increasing activities in the freight and logistics sector, the demand for light commercial vehicle trailers has increased over the past three years. Nearly 77% of all goods in Europe are moved by road and most of that proportion is transported in a trailer.
- The increasing use of alternative fuels is expected to drive the growth prospects for the road freight transportation market, over the forecast period.
- The manufacturers of semi-trailers are developing and adopting advanced technologies to enhance efficiency of the vehicle. For instance; Ekeri, which is a Finland-based company has developed a side opening design for a semi-trailer, this trailer is likely to save 30 minutes on each daily run.
- Similarly, Kässbohrer, a German-based company has recently launched 18 new models of semi-trailers across four product groups in response to changing trends in the industry, and to cater to the exact requirements of their customers.
