Trailer Landing Gear 2022: Global Segments, Industry Growth, Top Key Players, Size And Recent Trends By Forecast To 2030

3 major trends driving trailer landing gear market growth

Rising complexities in supply chain activities will foster global trailer landing gear market outlook. Trailers are one of the most important components of the supply chain network because they ensure the timely loading, transportation, and unloading of raw materials and finished goods. Their proper functioning may bridge or widen the time gap in supply chain activities.

Several companies are launching upgraded versions of trailer landing gears by combining automation with their products to improve their performance and offer convenience to truck drivers. For instance, in June 2020, U.S.-based Airman Products released its automated landing gear deployment and retraction technology. This product will eliminate the need for manual cranking to raise or lower a trailer's landing gear.

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It is predicted that global trailer landing gear market size will exceed USD 345 million by 2028. Below mentioned are some of the top trends driving the industry forecast:

Automatic trailer landing gear market share will showcase promising growth in the future because of the rising safety concerns surrounding the manual ones. The risk of serious injury is always high while manually raising or lowering the supporting legs. The time and effort taken in working with these machines can make it quite tedious for workers.

Many organizations have realized the importance and advantages of using automation technologies in trailer landing gears and are introducing new products in this regard. For example, in May 2021, JOST, one of the world-class producers and suppliers of safety systems for commercial vehicles, announced the launch of the KKS automatic coupling system. It allows truck drivers to couple and decouple semi-trailers with the help of a remote control, enhancing safety, convenience, and efficiency of fleets.

Global trailer landing gear market size from OEM segment will note a steady expansion, with the segment being a primary sales channel for the equipment. The production rate of trailers is rising every year to cater to demands from the logistics & transportation sector.

OEMs know the exact requirements of their clients as they are in direct contact with them. This gives them a head start in selecting the right type of materials for making trailer landing gears to suit their client's routine activities.

Most OEMs are IOS-certified producers, which adds to their credibility. Many garages and organizations purchase trailer landing gears from OEMs because they are confident of the product's quality.

The U.S. trailer landing gear industry will exhibit notable growth during the forecast period of 2022-2028. The COVID-19 pandemic had a detrimental effect on supply chain activities across the world. Since the country is one of the top-performing developed economies, it had to suffer from several supply chain disruptions in 2020.

However, after easing pandemic restrictions and launching supportive government policies to push the development of many sectors, the U.S. economy is expected to be back on track in the future. This will positively influence the country's transport & logistics industry, which in turn, will support the demand for trailer landing gears.

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Global trailer landing gear market potential will be strengthened by the rising complexities in supply chain networks and introduction of advanced technologies in these products. Organizations, including Fuwa Group, Butler Products Corp., JOST Werke AG, H.D. Trailers Pvt. Ltd., SAF-HOLLAND, Sinotruck Howo Sales Co., Ltd., and AXN Heavy Duty are among the top manufacturers of trailer landing gears.

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