Press Release

Europe Tractor & Trailer Market to Witness CAGR Over 9% until 2023

Growing e-commerce industry, rising trade across the region and constantly increasing import-export to drive Europe tractor & trailer market through 2023

According to recently released TechSci Research report, “Europe Tractor & Trailer Market By Type, By Country, Competition Forecast & Opportunities, 2013-2023’’, Europe tractor & trailer market is forecast to grow at a CAGR of over 9% during 2018-2023 on account of rising trade in the region backed by stabilizing economy in the European region. Moreover, logistics sector is picking up pace in the region backed by shifting inclination towards e-commerce industry from the traditional shopping format, thereby further fueling growth in Europe tractor & trailer market. Furthermore, major tractor and trailer manufacturers are expanding their operations in the region, which is further expected to positively influence the market in the coming years.

Browse 116 market data Figures and Tables spread through 118 Pages and an in-depth TOC on "Europe Tractor & Trailer Market"

Road tractors with tonnage capacity of 44 tons are the most popular in Europe with a market share of more than 95% in 2017. In the Europe trailer market, Flatbed trailer is the dominating segment with more than a quarter of the market share in 2017, owing to their easy loading and unloading and capability to transport heavy industrial machinery and vehicles. Continuous business expansion of prominent tractor & trailer manufacturing companies across the region such as Daimler AG, AB Volvo, Scania AB, Renault, Schmitz Cargobull, etc., is further anticipated to intensify the competition in the tractor & trailer market across the country over the course of the next five years.

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“Over the last few years, increasing industrialization, rising construction projects and growing e-commerce and logistics sectors have been pushing demand for tractors and trailers across Europe. Moreover, rising demand for packaged foods, premixes, etc., is further contributing significantly towards the growth of Europe tractor & trailer market. Furthermore, growing goods transportation and rising inclination towards lower emission vehicles would further propel sales of  tractors and trailers across the EU over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Europe management consulting firm.

Europe Tractor & Trailer Market By Type, By Country, Competition Forecast & Opportunities, 2013-2023 has analyzed the potential of Europe tractor & trailer market and provides information and statistics on market structure and trends. The report intends to provide the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. The report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by Europe tractor & trailer market.

About TechSci Research

TechSci Research is a leading Europe market research firm publishing premium market research reports. Serving 700 Europe clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking Europe and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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