The Global Logging Trailers Market is expected to grow above US$ 672.4 Million by 2030, registering a CAGR of 4.2 % during the forecast period (2022-2030), according to the Logging Trailers Market Report, by Trailer Size (Small-Size Logging Trailers, Medium-Size Logging Trailers, and Large-Size Logging Trailers), By Application (On Road/Highway and Off-Road), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), published by Coherent Market Insights.
Logging trailer companies offer a wide range of logging trailers catering to different application needs and demands. Rising competition in the logging trailers industry is driving enterprises to focus on enhancing their trailer offerings with advanced equipment. For instance, in March 2021, Kesla Oyj, a Finland-based tractor equipment manufacturer, launched forestCOMBI bioenergy platform. The newly launched platform can be integrated with trailers to optimize the load-carrying capacity of the trailers. This launch helped the company in serving customers across Finland and Germany with advanced trailers. Similar developments from logging trailer manufacturers are expected to drive the global logging trailers market growth.
Increasing timber transportations and rising demand for products such as sawn wood, paperboard, etc. across the forestry industry is expected to drive the demand for logging trailers across the world. The demand for timber products is growing significantly across the world. For instance, according to the statistics from the U.S. Department of Transport’s Transportation Statistics Annual Report 2020, countries including Germany, Japan, Mexico, and the U.K. majorly depend on imported commercial timber resources. Additionally, the U.S. is the second largest exporter of commercial-grade wood in the world. In response, the need to provide mobility solutions to transport these timber products is expected to propel demand for logging trailers across the globe. Similarly, several countries are witnessing a rise in transportation of lumbers using trucks. For instance, according to the statistics available on Statistics Canada, in 2021, lumber exports from Canada through truck transportation were 9,134.2 cubic meters, compared to 8,667.5 cubic meters in 2020. Growing emphasis on trucks as a mode of transportation is also anticipated to drive the demand for logging trailers, thus supporting the market growth.
Global Logging Trailers Market - Impact of Coronavirus (Covid-19) Pandemic:
The COVID-19 pandemic severely impacted multiple industries including automotive, agriculture, semiconductor, and others. This crisis negatively impacted the transport industry and resulted in a halt in the transportation of goods across the world. This is also expected to hamper the logging trailers market growth. In addition, this pandemic affected the demand and supply chain for wood products. However, in 2021, the demand for wood products raised significantly. The residential construction projects were also revived, driving timber operators to deliver the lumber and engineered wood products to the site. This is expected to support the demand for logging trailers to transport raw wood logs to sawmill, supporting the logging trailers market growth.
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Key Trends and Analysis of the Global Logging Trailers Market:
- North America held a dominant position in the global logging trailers market. The widespread presence of multiple logging trailer manufacturers across the region has contributed to the regional market growth. In addition, the companies offering logging trailers are expanding their regional presence through opening new store facilities in North America. For instance, in June 2021, Manac Inc., a Canada-based trailer manufacturer, opened its new sales & service office in Moncton, New Brunswick. This business expansion was a part of company’s 5-Year strategic expansion plan. Through this, Manac Inc. focused on catering to increasing demand from the customers for trailer offerings. Similarly, other logging trailer manufacturers are expected to focus on business and portfolio expansion strategies, further supporting the logging trailers market growth in North America.
- The market in Asia Pacific is expected to show significant growth over the forecast period. Countries such as China and Japan are witnessing a noticeable growth in demand for timber for construction purposes. However, geopolitical issues raised concerns in the lumber industry. For instance, on May 6, 2022, due to the Russia-Ukraine War conflict, the Japanese government banned the import of Russian wood, imposing pressure on the country’s lumber products & construction service providers. In timber market, the demand for logging trailers to transport the raw wood logs to sawmill is anticipated to contribute to the logging trailers market growth in Japan. Similarly, the need for logging trailers for forestry application across Asia Pacific is expected to support the logging trailers market growth over the forecast timeline.
- 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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