The roll trailer market is likely to strengthen its hold in the global market at a lower CAGR of 3.7% during the forecast period. The global market holds a forecasted revenue of US$ 21.66 Bn in 2022 and is likely to cross US$ 30.04 Bn by the end of 2032.
Over the years, the roll trailer system has been established worldwide for transporting heavy goods and materials in RoRo (roll-on/roll-off) ships. With significant growth of trade activities across the globe, roll trailer – a dolly (unpowered vehicle designed for connection to a truck) platform which requires towing by a powered vehicle – has been garnering robust traction. Attached to the vehicle body or tractor by a gooseneck, general cargo and containers are set on roll trailers equipped with wheels, and these units are wheeled onto the ship by special truck or tractor.
Roll trailers are considered as one of the most efficient and easiest methods to transport goods or cargo. Owing to ease of operation, roll trailers are used in shipping industry on a large scale. Annually, project-critical equipment worth billions of dollars are transported by ship around the world. High levels of risk are associated with these shipments depending on nature of the cargo, tight timeframes and transport logistics. Therefore, manufacturers have been focusing on offering different load capacities of roll trailers for varying applications and efficient operations. These factors are expected to lead to development of the roll trailer market.
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Key Factors Shaping Roll Trailer Market
Global seaborne trade supported by notable improvement in the global economy, is growing at a fast rate, resulting in positive sentiment regarding the shipping industry. There has also been a significant growth in world’s shipping fleet capacity, contributing to exponential rise in demand for roll trailers. Increasing import export activities around the world remains instrumental to the development of shipping industry, thereby potentially raising the demand for roll trailer.
Owing to ease of operation, roll trailer finds increasing application in industrial sector. Construction industry remains one of the key end users for roll trailers. Rising government investments in residential and commercial infrastructure development, especially in developing countries is estimated to fuel the demand for roll trailer in years ahead.
As the competition intensifies with rising number of new entrants in the roll trailer market, key players will need to set their products apart to stay ahead of the curve. The introduction of cassette systems remains a challenging factor for the manufacturers, as these provides potential benefits over conventional roll trailers. In addition to enabling efficient loading/unloading process, cassette systems allow efficient use of deck space, which results in improved transportation and less fuel consumption. Thus, growing popularity of cassettes is expected to create a hindrance in the growth of roll trailer market.
An ongoing trend witnessed in the global roll trailer market is ‘customization’. Leading manufacturers are targeted towards offering roll trailers according to customer requirement with customized specifications. For instance, Mafi, a leading manufacturer of roll trailers, offers custom-sized trailers in all possible lengths and widths.
Roll Trailer Market: Regional Outlook
Growth prospects of the roll trailer market are high in East Asia, on account of relatively strong marine industry. In the region, Singapore’s roll trailer market is expected to grow at relatively high rate Increasing maritime activities in China and South Korea is further projected to open a window of opportunity in the global roll trailer market. Emergence of the U.S. as one of the top ten shipping countries in the world is expected to contribute to the growth of roll trailer market in North America.
Shipping and the maritime sectors are among the most important industries in the UK and Germany. Germany is one of the largest seafaring nations, offering the maritime shipping industry a competitive location for national and international trade activities. This, in turn, is expected to complement the growth of roll trailer market in Europe. In Middle East & Africa, countries such as U.A.E., Saudi Arabia, and Kuwait have a large fleet of ships to carry out import, export, and re-export activities. The result is expected to generate considerable demand for roll trailer in the region.
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Roll Trailer Market: Key Participants
Some of the key players in the global roll trailer market are:
- Triton International Limited
- Seacom Trailer Systems GmbH
- MAFI Transport-Systeme GmbH
- Ace Brothers Equipment
- QINGDAO CIMC SPECIAL VEHICLES CO., LTD Qingdao
- Phillaya International Trading Co., LTD.
The global roll trailer market can be segmented on the basis of load capacity and attachment.
On the basis of load capacity, the global roll trailer market is segmented as:
- Below 30 Tons
- 30-50 Tons
- 50-100 Tons
- Above 100 Tons
On the basis of attachment, the global roll trailer market is segmented as:
- Fixed Gooseneck Roll Trailer
- Detachable Gooseneck Roll Trailer
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