Sep 27 2023 8 mins
Transcript: https://www.mylittlesalesman.com/news/automotive-trailer-industry-trends-and-news-2023
Overhaul Your Dealership Management Process: https://www.dealershipdrive.com/
Contents:
- Why is Everyone Talking About the Automotive Trailer Market?
- What Exactly Does This Market Encompass?
- Which Regions are Leading the Charge?
- What's Fueling this Growth?
- Are There Innovations on the Horizon?
- Why Should We Keep an Eye on Mergers and Acquisitions?
- What's Are Some Takeaways for Sales Professionals in the North American Trailer Industry?
The automotive trailer market isn't just a niche industry but a growing force. According to the Automotive Trailer Global Market Report 2023, the global market, once valued at $22.31 billion in 2022, is projected to leap to $23.54 billion in 2023, with a notable compound annual growth rate (CAGR) of 5.5%. Furthermore, experts anticipate that by 2027, we're looking at a staggering $28.03 billion market. But like many other sectors, it hasn't been without its challenges. The Russia-Ukraine conflict threw a wrench into the global economic recovery post-COVID-19, leading to economic sanctions, spiking commodity prices, and supply chain hiccups.