Truck Landing Gear Market to stay put based on Rise in Transportation Activities
The factors basically driving the truck landing gear market are the farming and industrial sectors flourishing at an exponential rate. Trailer and trucks are being employed on frequent counts by fleet operators for moving goods as well as materials between the locations. This is, indeed, a catalysing factor.
With governments across the globe enforcing regulations regarding emission of carbon, the key players are into production of trailers and trucks with lower carbon emissions. This would, in turn, propel the truck landing gear market in the forecast period.
Lightweight truck landing gears are in greater demand as there is a higher demand for milk and oil tankers for transporting oil and milk from one place to the other. E-Commerce is another field asking for trailers and trucks. Persistence Market Research has given these details with futuristic vision in its latest market study entitled “Truck Landing Gear Market”. It has its team of analysts and consultants to give these results.
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How is the Truck Landing Gear Market categorized?
The global truck landing gear market, by concentration, spans 0.1, 0.2, 0.4, and 0.95. BY application, it’s weight management, respiratory disorders, insomnia, digestive disorders, and likewise. By lifting capacity, it’s less than 20K lbs, 20K-50K lbs, and more than 50K lbs. BY operation, it’s automatic and manual. Persistence Market Research has given details on this count with probable calls to action in its latest market study entitled “Truck Landing Gear Market”.
North America and Europe are at the matured stage regarding truck landing gear market. However, the Asia-Pacific is expected to grow at the fastest rate in the truck landing gear market. This could be credited to growing production of vehicles along with various key players being present in this region. Persistence Market Research has enlisted these developments with insights in its latest market study entitled “Truck Landing Gear Market”.
Persistence Market Research has profiled the key players in truck landing gear market as JOST Werke AG, SAF-HOLLAND S.A., Guangdong Fuwa Engineering Group Co., Ltd., Butler Products Corp., BPW Bergische Achsen KG, York Transport Equipment (Asia) Pte Ltd., AXN Heavy Duty, LLC, H.D. Trailers Pvt. Ltd., Sinotruck Howo Sales Co., Ltd., Zhenjiang Baohua Semi-Trailer Parts Co., Ltd., Yangzhou Tongyi Machinery Co., Ltd., and likewise.
Persistence Market Research has also sketched the developments on this count. For instance – JOST Werke AG, in August 2018, came up with 3 new sites – one each in Thailand, Turkey, and New Zealand with an objective of expanding its fifth wheel couplings, bearings and kingpins, and landing gears business herein. SAF-HOLLAND S.A., in July 2018, completed acquisition of AXSCEND LTD., specialist in digital trailer management based out of the UK.
The purpose was strengthening of software as well as programming expertise. Around the same time, certain assets of York Transport Equipment (Asia) Pte Ltd. were acquired by SAF-HOLLAND for expanding the base in the Asia-Pacific.
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The Future Road
The global truck landing gear market is slated to grow at a noteworthy rate in the next 10 years – Persistence Market Research