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Global To Be The Epicenter Of Truck Landing Gear Market

Truck landing gears – A Safety Plank!

A pair of truck landing gears, as the name suggests, is fixed adjacent to front end for supporting trailer after decoupling from prime mover. Also, regulations regarding reduction in emission of carbon are driving the demand for truck landing gears. At the same time, factors like corrosion can’t be ruled out. Manual cranking could result in injuries to wrists, back, and shoulders. As such, truck landing gears could be looked upon as double-edged swords.

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How does the Truck Landing Gear Market Categorize itself?

The truck landing gear market, by operation, spans automatic and manual. According to lifting capacity, it’s more than 50,000 lbs, 20,000 to 50,000 lbs, and less than 20,000 lbs. Sales channel-wise, it’s aftermarket and OEMs.

Out of these, truck landing gears that carry lifting capacity between 20,000 lbs and 50,000 lbs holds the largest market share. It holds more than 55% of the market share. It’s interesting to note that the sustenance capacity of truck landing gears is between 50,000 lbs and 75,000 lbs load static condition. Coming to light duty trailers, less than 20,000 lbs lifting capacity is preferred.

Also, manual truck landing gear has been preferred over automatic truck landing gear since the last few years. However, in future, automatic truck landing gear would be preferred due to the accuracy offered therein. It is, in fact, expected to expand threefold in the forecast period. The companies like JOST Werke AG are heavily investing in automatic truck landing gears. Persistence Market Research has explained these nitty-gritties through its report entitled “Truck Landing Gear Market”.

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How about Analysis by Geography?

North America and Europe are already stabilized with respect to truck landing gear market. However, the Asia-Pacific is expected to grow at the fastest pace in the truck landing gear market in the forecast period due to prominent players expanding their base over here. Persistence Market Research has measured the latitude and longitude herein.

The Competent Competitive Landscape

Persistence Market Research has profiled truck landing gear market players as follows:

  • JOST Werke AG
  • 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.

Persistence Market Research has also highlighted developments herein. For instance – it has mentioned that JOST Werke AG, in August 2018, did open 3 new-fangled sites in Thailand, Turkey, and New Zealand with the objective of expanding the 5th wheel couplings, bearings, and landing gears herein. It has mentioned further that SAF-HOLLAND SA, in July 2018, did acquire AXSCEND LTD., the digital trailer management specialist in the UK aiming to boost the programming and software expertise, thereby expanding technology portfolio regarding digital trailer applications. # months prior, the same SAF-HOLLAND completed acquisition of a few assets of “York Transport Equipment (Asia) Pte Ltd.” for enhancing trailer components’ supply all over the Asia-Pacific.

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Overall, the truck landing gear market is expected to substantiate in the next 10 years – Persistence Market Research

Want to Know More?

Persistence Market Research, a research and consulting firm, has published a market research report on the motorcycle market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, product, technology, and region.

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