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Faymonville and Goldhofer dominate the market with around 5% market share. Faymonville specializes in the design and manufacture of modular trailers and other heavy transport solutions. Their products are known for their advanced technology and customization capabilities. The company’s modular trailers are used in sectors such as logistics, construction, and renewable energy.
Goldhofer is a major manufacturer of modular trailers and heavy-duty transport solutions, known for their robust designs and cost-effective solutions. Tantri’s modular trailers are extensively used in the transportation of heavy machinery, construction materials, and large industrial components. Their trailers are designed to handle the tough conditions often encountered in the region, making them a preferred choice for local industries.
Major players operating in the modular trailer industry are:
The multi-axle type segment in the modular trailer industry accounted for over 37% share in 2023, driven by their adaptability to different sectors, such as construction, mining, energy, and logistics.
The market size of modular trailer reached USD 8.4 billion in 2023 and is set to witness over 4.6% CAGR from 2024 to 2032, owing to the increasing number of infrastructure projects, energy & mining activities.
Asia Pacific market accounted for 40% share in 2023, on account of the significant infrastructure investments, industrial growth, technological advancements, and regulatory developments in the region.
The >2 number of axles segment in the modular trailer market is projected to record USD 9 billion by 2032, due to the growing need to transport heavy and oversized loads across various industries.