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"
https://www.techsciresearch.com/report/europe-tractor-and-trailer-market/3132.html
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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