Reduction In Free Trade Soon To Affect Truck Trailer Manufacturing Market
Posted October 16, 2018 by srikanthgtbrc
Asia Pacific was the largest geographic region accounting for 38% of the global market. China was the largest country accounting for $5.1 billion or around 20% of the global truck trailer market.
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The global truck trailer manufacturing market has shown modest growth in the past years with a CAGR of over 6%. The year 2017 recorded highest ever growth in this market with a net value of $700 billion as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the truck trailer manufacturing market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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The truck trailer manufacturing market is expected to be impacted by global trade restrictions in the forecast period. Many developed and developing economies are considering imposing restrictions on free trade to boost their local economy. BREXIT is likely to lead to more trade restrictions between the UK and other countries in Europe.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are China International Marine Containers (Group) Ltd, Schmitz Cargobull, Wabash National Corporation, Great Dane Limited, and Utility Trailer Manufacturing Company.
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| Categories | Business , Manufacturing , Services |
| Tags | automobile trailers market report , boat trailers market report , logging trailers market report , truck trailer global market report 2018 |
| Last Updated | October 16, 2018 |