(EMAILWIRE.COM, November 29, 2018 ) Change in regulations has impacted the market for logging trailers. Most countries have come up with specified braking laws and safety norms for logging trailers and other heavy vehicles. Logging trailers in some countries are mandated to have either anti-lock brakes (ABS or EBS), or a load proportioning brake system. Trailers with anti-lock brakes (ABS or EBS) are required to have automatically adjusting brakes i.e. either disc brakes, or drum brakes in combination with automatic slack adjusters. This change in regulations is due to rise in the number of accidents.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL LOGGING TRAILERS MARKET AT $7 BILLION IN 2017
Asia Pacific was the largest geographic region in the market, accounting for almost two-fifth of the global market share.
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According to The Business Research Companys Consultants, Nitin Gianchandani, the modular logging trailer is the latest trend in the logging market. It is adaptable to the specific needs of each carriers and multitasking. This trailer will sure cause a small revolution in transportation industry. Hence, manufacturer will be motivated by an increasing demand for the product because of its greater flexibility.
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The companies covered are SCHMITZ, NEFAZ, KRONE, TONAR, and SESPEL. SCHMITZ was the largest player in the market in 2017, with revenues of $1.9 billion in 2016. SCHMITZs growth strategy aims at acquisition and mergers with valuable brands. For instance, in 2012, SCHMITZ signed a joint-venture contract with the Chinese Dongfeng Motor Company, Ltd. This collaboration intends to manufacture semi-trailers for the Chinese market.
Logging Trailers Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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