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(I-AutoNewsWire.com, January 23, 2019 ) Trailer canopy market is foreseen to record an average 4.2% value CAGR over the forecast period, 2018 to 2028, according to a new Fact.MR report. The report states that expansion of the logistics industry, which entails demand for customized trailer canopy, coupled with rising demand for lightweight commercial trucks will continue to underpin growth of the trailer canopy market in the forthcoming years. However, highly fragmented nature of the trailer canopy market, wherein raw material prices illustrate increased fluctuations, along with high cost of trailer canopy will continue to impede growth of the market.
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Trailer Canopy Market: High Demand for Custom-made Solutions; Emphasis Inclined toward Affordability and Durability
The automotive industry has been witnessing an uptake in demand for customized solutions, and this trend is rubbing off on popular accessories such as trailer canopy. As trailer canopy design & development is witnessing transformation in tandem with the evolving utility, end-user demand for customized trailer canopy has been witnessing a hike recently.
Customized canopy offerings of manufacturers, with features including dust- & waterproof material, multiple doors & windows, storage cabinets & drawers, and roof racks for containing tool boxes, fall in line with such evolving designs & developments. Trailer canopy manufacturing companies are also concentrating on the provision of custom canopy fit-outs for vehicles that need aftermarket modifications, thereby retaining their competitiveness in the trailer canopy market.
Trailer Canopy Market: High Cost and Inhibition of Import Penetration by Domestic Players to Prevail as Key Growth Deterrents
The trailer canopy market contains only a handful of international established players, however occupancy of numerous domestic players worldwide has been inhibiting the import penetration. End-users tend to prefer trailer canopy manufactured by domestic players over international players, in case of specific utility-based purchases.
The upward trend of customization in the trailer canopy market has confined the mass production of this vehicle component. This further favors well for domestic manufacturers than their international competitors, as they are in close proximity to potential customers and gain intelligence on evolving requirements faster. This has further lowered the import penetration rate of trailer canopy. Lower import penetration of trailer canopy has negatively impacted the supply chain of the trailer canopy market, thereby inhibiting the growth prospects.
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Trailer Canopy Market: Opportunities Abound in Lightweight Commercial Vehicles
The rise in international trade has augured well for growth of the trailer canopy market, as trailers are extensively employed for transportation of goods and commodities. Stringent regulatory legislation regarding fuel efficiency and emission standards have intensified the demand for lightweight commercial trailers in past decade. This has further spurred demand for trailer canopy manufactured by using aluminum, as the material imparts excellent lightweight and durability attributes.
Table of Contents Covered In this Report are:
Chapter 1 Executive Summary
Chapter 2 Global Trailer Canopy Market Overview 2.1 Introduction 2.2 Market Definition 2.3 Scope of the Report 2.4 Opportunity Analysis 2.5 Mega Trends in Trailer Canopy Market
Chapter 3 Market Dynamics 3.1 Global Trailer Canopy Market Key Drivers 3.2 Global Trailer Canopy Market Key Restraints 3.3 Global Trailer Canopy Market Key Opportunities 3.4 Global Trailer Canopy Market Key Trends 3.5 Global Trailer Canopy Market Key Takeaways 3.6 Global Trailer Canopy Market Wheel of FortuneTM Opportunity Analysis
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Chapter 4 Associated Industry and Key Indicator Assessment 4.1 Global Automotive Industry Overview 4.1.1 Global Automotive Industry Analysis (Mn Units) and Forecast, 2013-2028 4.1.1.1 Global Vehicle Production, By Vehicle Type 4.1.1.2 Global Vehicle Fleet, By vehicle Type 4.1.2 Key Market Trends 4.2 Supply Chain Analysis 4.3 Investment Feasibility Analysis 4.4 Porter’s Five Forces Analysis 4.5 PESTLE Analysis 4.6 Cost Structure Analysis 4.7 Global Trailer Canopy Market Scenario Forecast 4.8 Pricing Point Analysis 4.8.1 Price Point Assessment by Region 4.8.2 Price Point Assessment by Product Type 4.8.3 Price Forecast till 2028 4.8.4 Factors Influencing Pricing
Chapter 5 Global Trailer Canopy Market Analysis 5.1 Global Market Outlook 5.1.1 Market Value, Volume Forecast and Analysis 5.1.2 Price Index and Price Point Assessment 5.1.3 Regional Demand Assessment 5.1.3.1. Market Volume Share by Region 5.2 Global Trailer Canopy Market Analysis by Floor Type 5.2.1 Value, Volume and Forecast by Floor Type 5.2.1.1 Single Cab 5.2.1.2 Dual Cab 5.2.1.3 Extra Cab 5.2.2 Y-o-Y Growth Comparison by Floor Type 5.2.3 Market Attractiveness Analysis by Floor Type 5.3 Global Trailer Canopy Market Analysis by Canopy Type 5.3.1 Value, Volume and Forecast by Canopy Type 5.3.1.1 Emptied Canopy 5.3.1.2 Canopy with Shelves & Drawers 5.3.1.3 Multi-Compartment Canopies 5.3.1.4 Other Canopies 5.3.2 Y-o-Y Growth Comparison by Canopy Type 5.3.3 Market Attractiveness Analysis by Canopy Type 5.4 Global Trailer Canopy Market Analysis by Fit Type 5.4.1 Value, Volume and Forecast by Fit Type 5.4.1.1 Permanent Fit 5.4.1.2 Base Rail Fit 5.4.1.3 False floor Fit 5.4.2 Y-o-Y Growth Comparison by Fit Type 5.4.3 Market Attractiveness Analysis by Fit Type 5.5 Global Trailer Canopy Market Analysis by Uses Type 5.5.1 Value, Volume and Forecast by Uses Type 5.5.1.1 Commercial Uses 5.5.1.2 Personal (Leisure Fit) 5.5.2 Y-o-Y Growth Comparison by Uses Type 5.5.3 Market Attractiveness Analysis by Uses Type
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Chapter 6 North America Trailer Canopy Market Analysis 6.1 North America Economic and Business Performance at Glance 6.1.1 Political Outlook 6.1.2 Economic Outlook 6.1.3 Business Environment Outlook 6.2 North America Trailer Canopy Market Outlook 6.2.1 Market Value, Volume Forecast and Analysis 6.2.2 Price Index and Price Point Assessment 6.2.3 Impact Assessment of Market Forces 6.2.4 Country Wise Demand Assessment 6.2.4.1 U.S. 6.2.4.2 Canada 6.3 North America Trailer Canopy Market Analysis by Floor Type 6.3.1 Value, Volume and Forecast by Floor Type 6.3.1.1 Single Cab 6.3.1.2 Dual Cab 6.3.1.3 Extra Cab 6.3.2 Y-o-Y Growth Comparison by Floor Type 6.4 North America Trailer Canopy Market Analysis by Canopy Type 6.4.1 Value, Volume and Forecast by Canopy Type 6.4.1.1 Emptied Canopy 6.4.1.2 Canopy with Shelves & Drawers 6.4.1.3 Multi-Compartment Canopies 6.4.1.4 Other Canopies 6.4.2 Y-o-Y Growth Comparison by Canopy Type 6.5 North America Trailer Canopy Market Analysis by Fit Type 6.5.1 Value, Volume and Forecast by Fit Type 6.5.1.1 Permanent Fit 6.5.1.2 Base Rail Fit 6.5.1.3 False floor Fit 6.5.2 Y-o-Y Growth Comparison by Fit Type 6.6 North America Trailer Canopy Market Analysis by Uses Type 6.6.1 Value, Volume and Forecast by Uses Type 6.6.1.1 Commercial Uses 6.6.1.2 Personal (Leisure Fit) 6.6.2 Y-o-Y Growth Comparison by Uses Type
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