(MENAFN- Ameliorate Digital Consultancy) truck landing gear market 2022
The essential components and market dynamics of a particular market within that industry are the subject of the study of market analysis for truck landing gear. An important component of the industry analysis that concentrates on the elements related to the SWOT analysis is the truck landing gear market study. The survey study examines various aspects, including each manufacturing company's opportunities, risks, opportunities, and weaknesses.
The global Truck Landing Gear market is expected to reach US$ 364.3 Mn by the end of the forecast period, registering a CAGR of 4.7% for the period between 2018 and 2026.
After detaching from the primary mover, a pair of truck landing gears are installed next to the front end to support the trailer. Regulations pertaining to carbon emission reduction are also fueling a need for truck landing gears. Corrosion, for example, cannot be completely ruled out.
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How does the Truck Landing Gear Market Categorize itself?
The truck landing gear market , by operation, spans automatic and manual. According to lifting capacity, it's more than 50,000 lbs, 20,000 to 50,000 lbs, and less than 20,000 lbs. Sales channel-wise, it's aftermarket and OEMs.
Out of these, truck landing gears that carry lifting capacity between 20,000 lbs and 50,000 lbs holds the largest market share. It holds more than 55% of the market share. It's interesting to note that the sustenance capacity of truck landing gears is between 50,000 lbs and 75,000 lbs load static condition. Coming to light duty trailers, less than 20,000 lbs lifting capacity is preferred.
Also, manual truck landing gear has been preferred over automatic truck landing gear since the last few years. However, in future, automatic truck landing gear would be preferred due to the accuracy offered therein. It is, in fact, expected to expand threefold in the forecast period. The companies like JOST Werke AG are heavily investing in automatic truck landing gears. Persistence Market Research has explained these nitty-gritties through its report entitled“Truck Landing Gear Market”.
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How about Analysis by Geography?
North America and Europe are already stabilized with respect to truck landing gear market. However, the Asia-Pacific is expected to grow at the fastest pace in the truck landing gear market in the forecast period due to prominent players expanding their base over here. Persistence Market Research has measured the latitude and longitude herein.
The Competent Competitive Landscape
Persistence Market Research has profiled truck landing gear market players as follows:
JOST Werke AG SAF-HOLLAND SA Guangdong Fuwa Engineering Group Co., Ltd. Butler Products Corp. BPW Bergische Achsen KG York Transport Equipment (Asia) Pte Ltd. AXN Heavy Duty, LLC H.D. Trailers Pvt. Ltd. Sinotruck Howo Sales Co., Ltd. Zhenjiang Baohua Semi-Trailer Parts Co., Ltd. Yangzhou Tongyi Machinery Co., Ltd.
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Key Questions Answered in This Report.
What will the Market growth rate in Future? What are the key factors driving the global Market? Who are the key manufacturers in Market space? What are the opportunities and threats faced by the vendors in the global industry? What are sales, revenue, and price analysis by regions of industry?
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