Trailer Canopy Market: High Demand for Custom-made Solution

Posted on 2019-06-18 by Mark Hub in Internet & Online // 0 Comments

Rockville, USA, 2019-Jun-18 — /EPR Network/ — Trailer canopy market is foreseen to record an average 4.2% value CAGR over the forecast period, 2018 to 2028, according to a new Fact.MR report. The report states that expansion of the logistics industry, which entails demand for customized trailer canopy, coupled with rising demand for lightweight commercial trucks will continue to underpin growth of the trailer canopy market in the forthcoming years. However, highly fragmented nature of the trailer canopy market, wherein raw material prices illustrate increased fluctuations, along with high cost of trailer canopy will continue to impede growth of the market.

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Besides aluminum, stainless steel based trailer canopies have served diverse off-road ventures significantly backed by their supreme rust resistance capabilities. Stainless steel is also highly sought after owing to its cost efficiency and easy availability in contrast to competitive substitutes such as aluminum and fiberglass. Besides rust resistance, high grade stainless steel trailer canopies also exhibit an edge in dent resistance thereby retaining aesthetic appeal despite heavy use.

Stringent Emission Control Legislation to Drive Rampant Adoption of Aluminum-based Trailer Canopies

Stringency in government norms pertaining reduced vehicle emissions and environment protection have played an instrumental role in the selection of trailer canopies. Driven by low emission control norm, lightweight vehicles have in recent years emerged on the top of consumer preferences and the trend is way beyond being a passing fad. In contrast to traditional canopy material, aluminum based trailer canopy is likely to garner mass scale adoption across developed and developing economies alike. Besides lightweight built, aluminum is also highly valued for its exceptional weather and dust resistance features. All-weather compatibility is a crucial deciding factor in the selection of robust and resilient trailer canopies.

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Trailer Canopy Market: North America to Have an Upper Hand Over Europe

North America region is expected to reflect higher market attractiveness as compared to European countries, given the fact that in North America, particularly the United States, number of small business have been witnessed to increase since the past few years. According to U.S. Small Business Administration, around 28 million small business were reported in the United States and the number if expected to remain as is in the coming years. This factor has pushed the demand for trailer canopy for carrying out commercial activities in the region, which in turn is expected to drive the trailer canopy market in North America during the period of assessment.

Trailer Canopy Market: Opportunities Abound in Lightweight Commercial Vehicles

The rise in international trade has augured well for growth of the trailer canopy market, as trailers are extensively employed for transportation of goods and commodities. Stringent regulatory legislation regarding fuel efficiency and emission standards have intensified the demand for lightweight commercial trailers in past decade. This has further spurred demand for trailer canopy manufactured by using aluminum, as the material imparts excellent lightweight and durability attributes.

Trailer Canopy Market: Opportunities Abound in Lightweight Commercial Vehicles

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