PLATFORM TRAILER MANUFACTURING IN NORTH AMERICA: 40,000+ UNITS IN A $1.3 BILLION MARKET IN 2018
Demand for platform trailers is projected to grow moderately through 2020, with replacement demand the major growth factor
Modesto, Calif., March 29, 2019 — A market research report by SpecialtyResearch.net examines platform trailer fabricators in the United States, Canada and Mexico.
The report, titled Platform Trailer Manufacturing in North America, includes data on both traditional platform trailers and curtainside trailers. Over forty thousand units were manufactured by 69 identified companies in the USMCA (ex-NAFTA) market in 2018, for a combined annual output of $1.3 billion.
Though this industry is categorized by several regional manufacturers, platform trailer manufacturing is dominated by the leading players, with the ten leading fabricators manufacturing close to 80% of units. Mexican manufacturers have also increased their participation, an indication that their favorable pricing positions are assisting in market share gains.
The construction industry is the main customer segment for platform trailers. Demand for these trailers is directly linked to the level of construction activity in the United States and Canada. While total construction starts in 2019 are expected to remain flat over 2018, demand for platform trailers is projected to grow moderately through 2020, with replacement demand expected to be the main demand driver after 2019.
Curtainside trailers are a niche segment; only two manufacturers fabricate these trailers in-house. Demand for curtainside trailers is mainly fulfilled by dealers of platform trailers who convert flatbed/drop deck units into curtainside trailers based on customer requirements.
Platform Trailer Manufacturing in North America is part of series of over 30 reports on individual segments of the trailer and vocational truck manufacturing activity in North America available from SpecialtyResearch.net.
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