Logging trailer is designed to be driven by another motor vehicle and is attached to towing motor vehicle through a coupling. It is considered an efficient solution for companies to transfer logs between forest and bush to mill site. These trailers are connected to a logging trailer via a hitch coupled to trailer leech and truck. Logging trucks are offered in different sizes to accommodate different logs with timber hauling and weight requirements. Additionally, logging trailers address customers’ need for high stiffness and payload capacity requirements. This is also enabling the demand for logging trailers across the world.
Global Logging Trailers Market Restraint:
High costs associated with logging trailers and lack of skilled logging trailer drivers are expected to hinder the global logging trailers market growth. Logging trailers of medium and large size can cost in the range of US$ 4,000 to US$ 200,000, depending on the dimensions. These prices make logging trailers out of the budget and option for multiple potential customers in need. In addition, the end users are uncertain about the operating costs of these trailers. Moreover, the rising fuel costs and lack of qualified workforce are affecting the sales of logging trailers. This is anticipated to restrain the adoption of logging trailers, thus affecting the global logging trailers market growth.
Global Logging Trailers Market - Impact of Coronavirus (Covid-19) Pandemic:
Amidst the COVID-19 pandemic, multiple industry verticals experienced multiple logistical challenges as employees including truck drivers, logistics managers, and other were at large risk. Lockdowns were imposed by governments to contain the outbreak of coronavirus to ensure safety. Hence, the automotive sector faced a complete shutdown along with disruptions in manufacturing operations. However, the government authorities focused on easing the restrictions to enable supply chain operations. In response, on March 29, 2020, the U.S. Department of Homeland Security considered the sectors including agriculture, food, and transportation as critical infrastructure sectors. This helped the authorities to ensure accessibility and availability of food & agricultural products during the pandemic. Moreover, due to restrictions and the pandemic, the manufacturing facilities were closed. This also impacted the production of logging trailers across the world, affecting the logging trailers market growth.
North America is expected to lead the global logging trailers market over the forecast period.
North America held a dominant position in the global logging trailers market in 2021 accounting for 31.2% share, in terms of value.
Figure 1: Global Logging Trailers Market Share (%), By Region, 2021
North America is expected to hold a dominant position in the global logging trailers market during the forecast period due to the extensive number of manufacturers and distributors spread across the U.S. and Canada. The region is witnessing significant technology developments contributing to the logging trailers market growth. For instance, in September 2021, FPInnovations, a non-profit organization focusing on the forest sector in Canada, announced the initiation of Hybrid Trailer Project. Through this, the organization planned to replace traditional axels of logging trailers with the drive axle supported by the power from electric motors. This integration will help in enabling a parallel hybrid configuration for logging trailers connected with tractors/trucks. Similar developments along with favorable government initiatives to focus on electric mobility solutions is expected to support the logging trailers market growth in the region.
Europe market is expected to witness significant growth during the forecast period due to region-wide presence of multiple logging trailer providers. In addition, in Europe, logging trailers and trucks are primarily used for timber haulage. For instance, according to the statistics from Forest Research, the UK Forestry Commission’s (FC) UK Wood Production and Trade Report 2022, in 2021, approximately 6.3 million tons of roundwood were delivered to sawmills, a rise of 7% compared to the previous year. Considering these figures, the need for logging trailers & trucks is anticipated to witness a significant rise in the region.
Logging Trailers Market Report Coverage
|Base Year:||2021||Market Size in 2021:||US$ 470.5 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||4.2 %||2030 Value Projection:||US$ 672.4 Mn|
Anser Manufacturing Ltd, Arctic Trailers Inc., Big John Trailers, Binderberger, BMF Production, BWS MANUFACTURING, Deloupe, Doepker Industries Limited, FÉRICAR INC., Kesla, and RABAUD
|Restraints & Challenges:||
The large - size logging trailers segment is expected to witness an exponential growth rate during the forecast period.
Among trailer sizes, the large-size logging trailers segment is anticipated to grow at an exponential growth rate in the global logging trailers market during the forecast years. Large-size logging trailers help companies in improving the financial feasibility of hauling logs in remote locations. In addition, large-size logging trailers are considered as an ideal platform to allow transportation of heavier wood by minimizing the tare weight. Companies operating in the logging trailers market such as AS Fors MW, BMF, and others offer large-size logging trailers equipped with cranes to load and unload timber logs. The rising popularity of large-size logging trailers among timber market operators is anticipated to support the demand for logging trailers.
Figure 2: Global Logging Trailers Market Value (US$ Mn) Analysis and Forecast and Y-o-Y Growth (%), 2017 - 2028
Global Logging Trailers market was valued at US$ 470.5 Million in 2021 and is expected to reach USD 672.4 Million by 2030, growing at a CAGR of 4.2% between 2022 and 2030.
Major players operating in the global logging trailers market include Anser Manufacturing Ltd, Arctic Trailers Inc., Big John Trailers, Binderberger, BMF Production, BWS MANUFACTURING, Deloupe, Doepker Industries Limited, FÉRICAR INC., Kesla, and RABAUD.
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