Global Truck Trailer Landing Gear Market to Reach USD 1,266.01 Million by 2031 | CAGR of 4.7%
Category : Automotive | Published Date : Nov 2024 | Type : Press Release
Truck Trailer Landing Gear Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Truck Trailer Landing Gear Market size was valued at USD 874.91 million in 2023 and is projected to grow at a CAGR of 4.7%, reaching USD 1,266.01 million by 2031. Truck trailer landing gear is a critical mechanical system installed on semi-trailers to provide stable support during loading, unloading, and parking when detached from the tractor. These systems feature retractable legs with adjustable heights, operated manually or hydraulically, and are designed for high durability to handle heavy loads under challenging operational conditions.
The report comprises the Truck Trailer Landing Gear Market Share, Size & Industry Analysis, based on Type (Manual Landing Gear, Automatic Landing Gear), Lifting Capacity (Less than 20 Tons, 20–50 Tons, More than 50 Tons), Operation (Two-Speed, Single-Speed), Sales Channel (OEMs, Aftermarket), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Truck Trailer Landing Gear Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Rising demand for lightweight landing gear systems to enhance fuel efficiency and growing adoption of automated and electric landing gear systems are driving market growth, while limited aftermarket support for advanced systems poses challenges.
Segmental Analysis :
Based on type, the market is segmented into Manual Landing Gear and Automatic Landing Gear.
- The manual landing gear segment accounted for the largest share in 2023, driven by its cost-effectiveness, simplicity in design, and reliability in rugged operational conditions.
- The automatic landing gear segment is projected to grow at the fastest rate, supported by advancements in electric and hydraulic systems enhancing operational safety and efficiency.
Based on lifting capacity, the market is segmented into Less than 20 Tons, 20–50 Tons, and More than 50 Tons.
- The 20–50 tons segment dominated the market in 2023, driven by its application in medium- and heavy-duty trailers widely used in logistics and construction industries.
- The more than 50 tons segment is expected to grow at the fastest rate, supported by increasing adoption in heavy-duty transport for infrastructure development and industrial applications.
Based on operation, the market is segmented into Two-Speed and Single-Speed.
- The two-speed segment held the largest share in 2023, driven by its versatility and ability to handle varying load requirements efficiently.
- The single-speed segment is anticipated to grow rapidly, supported by its adoption in small-scale logistics operations due to cost-effectiveness and simplicity.
Based on sales channel, the market is segmented into OEMs and Aftermarket.
- The OEMs segment accounted for the largest revenue share in 2023, driven by increasing trailer production and integration of advanced landing gear systems at the manufacturing stage.
- The aftermarket segment is expected to grow at the fastest rate, supported by rising demand for replacement and maintenance parts in aging fleets.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific: Dominated the market in 2023, led by rapid industrialization and urbanization in China and India, and increasing investments in the logistics sector.
- North America: Expected to grow significantly due to a robust transportation industry and adoption of advanced landing gear systems in the U.S.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 1,266.01 Million |
| CAGR (2024-2031) | 4.7% |
| Type | Manual Landing Gear, Automatic Landing Gear |
| Lifting Capacity | Less than 20 Tons, 20–50 Tons, More than 50 Tons |
| Operation | Two-Speed, Single-Speed |
| Sales Channel | OEMs, Aftermarket |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Truck Trailer Landing Gear Industry:
- JOST International (USA)
- SAF-HOLLAND (USA)
- Horizon Global Americas (USA)
- Rockwell American (USA)
- Buffers USA (USA)
- Fleet Engineers (USA)
- Penz Products Inc. (USA)
- Transwest Trailer, LLC (USA)
- Butler Products Corporation (USA)
- Standen's Limited (Canada)
Recent Industry Developments :
- August 2021: Airman Products introduced the NR DART (Dynamic Automated Repair Test) system, enhancing efficiency by automating testing and maintenance of landing gear.
- April 2023: SAF-HOLLAND launched a next-generation hydraulic landing gear system with advanced safety features for heavy-duty trailers.
