Driving factors responsible for the growth of car carrier market include rise in transportation
activities. Also, the rise in road accidents or mishaps resulting into car damage with towing needs
add to the market growth in the forthcoming years. However, non-awareness of modern techniques
is likely to confine the market growth in upcoming years.
Based on segmentation by material, the car carrier market includes steel, aluminum, fiber and
plastic. Steel and plastic segment dominate the global scenario owing to their versatile
characteristics and demand for flexible options. Based on segmentation by application, the car
carrier market includes vehicle transportation, military and goods transportation.
Geographically, the car carrier market spans North America, Latin America, Europe, Asia-Pacific,
Middle-East and Africa. APAC market dominates the global market owing to significant demand for
car carriers. India, China and Japan being the major commercial hubs for car carriers add to the
APAC market growth. North America and Europe also hold a significant share in the global market
owing to presence of manufacturing units. Middle-East and African market also have a significant
share in car carrier market and is expected to grow at a steady CAGR in the upcoming years.
The key players in the car carrier market include Cottrell, Landoll, TEC Equipment Co, Delavan,
Boydstun, Appalachian Trailers, DownEaster Coastal Metal Fab, CIMC, Tom Nehl Truck Company,
Sun Country Trailers, Schmitz Cargobull, Great Dane Trailers, Krone, Hyundai Translead, Koegel and
Welton.
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Market Segment:
The major manufacturers covered in this report
• Miller Industries
• CIMC