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| Market size in 2024 | US$ 325.6 million |
Forecast Market size by 2030 | US$ 465.2 million |
|---|---|---|---|
| Growth Rate | CAGR of 6.1% | Number of Pages | 125 Pages |
The global Automatic Truck Landing Gear market size was valued at US$ 325.6 million in 2024 and is projected to reach US$ 465.2 million by 2030, at a CAGR of 6.1% during the forecast period 2024-2030.
The United States Automatic Truck Landing Gear market size was valued at US$ 98.4 million in 2024 and is projected to reach US$ 135.7 million by 2030, at a CAGR of 5.5% during the forecast period 2024-2030.
Automatic Truck Landing Gear are electrically or hydraulically powered support legs for semi-trailers, designed to automatically deploy and retract, providing stability when the trailer is detached from the tractor and enhancing operational efficiency in logistics.
The global Automatic Truck Landing Gear market is experiencing robust growth, driven by increasing automation in the logistics sector, the need for improved safety and efficiency in trailer operations, and the growing adoption of smart transportation technologies. In 2023, global installations of automatic truck landing gear reached approximately 185,000 units, with North America leading the adoption at 45% market share. The long-haul logistics sector remains the primary consumer, representing 70% of demand, followed by intermodal transport at 20%. The market saw a significant boost from the e-commerce boom and subsequent expansion of trucking fleets, leading to a 18% increase in automatic landing gear adoptions for new trailers in 2023. Technological advancements have focused on enhancing durability, reducing weight, and integrating smart features, with new systems offering corrosion-resistant materials, high-strength steel construction capable of supporting up to 70,000 lbs, and IoT connectivity for remote monitoring and control. The market is witnessing strong growth in solar-powered automatic landing gear, increasing at 15% annually, driven by sustainability initiatives in the transportation sector. In 2023, the trend towards autonomous and platooning trucks led to a 25% increase in the adoption of landing gear systems compatible with autonomous docking technologies.
The industry faces challenges from the higher initial cost compared to manual systems, but the long-term benefits in operational efficiency, driver safety, and reduced maintenance are driving adoption, particularly among large fleet operators. Emerging applications in specialized heavy-haul trailers are showing promise, with high-capacity automatic landing gear for oversized cargo transport growing at 10% CAGR, albeit from a small base of 5% market share. Looking ahead, the market is expected to benefit from advancements in predictive maintenance technologies, with AI-powered diagnostic systems for landing gear projected to grow at 20% CAGR through 2030.
Report Overview
This report provides a deep insight into the global Automatic Truck Landing Gear market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Automatic Truck Landing Gear Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Automatic Truck Landing Gear market in any manner.
Global Automatic Truck Landing Gear Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
JOST Werke
SAF-HOLLAND
Guangdong Fuwa Engineering Group
Butler Products
BPW Bergische Achsen
York Transport Equipment (Asia)
AXN Heavy Duty
H. D. Trailers
Zhenjiang Baohua Semi-Trailer Parts
haacon hebetechnik
Yangzhou Tongyi Machinery
Market Segmentation (by Type)
Less than 20,000 lbs
20,000 lbs to 50,000 lbs
More than 50,000 lbs
Market Segmentation (by Application)
OEM
Aftermarket
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Automatic Truck Landing Gear Market
Overview of the regional outlook of the Automatic Truck Landing Gear Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Automatic Truck Landing Gear Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 325.6 million |
| Forecast Market size by 2030 | US$ 465.2 million |
| Growth Rate | CAGR of 6.1% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 125 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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