United States Vehicle Body and Trailer Market to Reach $31.5 Billion by 2012, According to New Report by Global Industry Analysts
Vehicle Body & Trailer market in the United States is projected to reach $31.5 billion by the year 2012, reflecting a CAGR of about 1.67% over the period 2008-2012. Major driving forces of the trailer industry include business and consumer spending, interest rates, and corporate profits. The regulatory environment also plays an important part in determining the growth of the industry.
San Jose, California (PRWEB) November 12, 2008 -- Truck trailers demand is generally cyclic in nature, which is influenced by the economic conditions of the transportation sector. The activities of vehicle body design and engineering industry are also generally counter-cyclic with respect to the condition of the automobile industry.
The vehicle body and trailer market in United States comprises of industries predominantly engaged in the manufacture of cabs and motor vehicle bodies, detachable trailer chassis, detachable trailer bodies, trucks, truck trailer chassis, and automobile and utility trailers. United States witnessed a boom period for the domestic vehicle sales between the mid- and late- 1990s. On the contrary, insignificant development in the business sector, and increasing rate of unemployment, brought the downfall of the inclining domestic vehicle sales. However, development in the business sector, increase in consumer spending pattern, and buoyancy of economy in United States are expected to act as market drivers for the revival of the domestic vehicle industry.
Exports play a significant role in the development of the vehicle body and trailer-manufacturing sector. The decline in domestic sales, and impact of dull economic scenario resulted in moderate growth of imports and exports in the recent past. Motor vehicle body market is the largest segment in the US vehicle body and trailer market. The segment is projected to cross US$14 billion by the year 2012, growing at a compounded annual rate of over 1.65% over the period 2008-2012, as stated by Global Industry Analysts, Inc.
Key players dominating the US vehicle body and trailer market include Ashok Leyland, Bernard Krone Holding, Coachmen Industries, Daimler AG, East Manufacturing, Fiat, Fleetwood Enterprises, General Motor Corp., Great Dane Limited Partnership, Lamberet Constructions Isothermes, Marcopolo, MaxiTRANS Industries, Polar Tank Trailer, Schmitz Cargobull, Tata Motors, Thor Industries, Trail King Industries, Transcraft Corporation, Utility Trailer Manufacturing, Vibracoustic North America, Wabash National Corporation, and Winnebago Industries among others.
The report titled "Vehicle Body and Trailer: A US Strategic Business Report" published by Global Industry Analysts, Inc., provides an overview of competition in the US camping trailer, travel trailer, and trailer fleets market, and the North American truck trailer market. The study also offers an insight into various types of trailers, raw materials, and overview of select markets such as Canada, Australia, China, and Brazil. The study also analyzes market data and analytics in value sales by the following product segments - Motor Vehicle Body, Truck Trailers, Motor Homes, and Travel Trailer & Camper. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit http://www.strategyr.com/Vehicle_Body_And_Trailer_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@StrategyR.com
Web Site http://www.StrategyR.com/
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