Global Automotive Load Bodies Market: Introduction
Automobiles frequently have automotive load bodies installed as a load carrier to transport items like aggregates, deep-frozen food, clothing, electronics, hazardous materials, and gaseous as well as liquid products. Trucking is used to transport cargo over short and medium distances on the road. The amount of money made through trucking has dramatically expanded globally over the years.
Road transport services are also essential in a connected world because they link important domestic and international value chains. Road transportation is absolutely necessary for the movement of cargo in the majority of developing economies.
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As a result, the need for automotive load bodies—which are utilised to carry the weight—will increase. Older vehicles are unsafe and produce high levels of pollution. New load carriers going into service will increase demand for vehicle load bodies.
Market Dynamics
New road projects will spurt the growth in construction activity and mining sector, which in turn, will promote growth of automotive load bodies. Investments in road infrastructure, global trade activity and enhanced level of consumer demand for goods are expected to increase the demand for load carriers and automotive load bodies.
Moreover, high coal production and mineral exploitation are aiding the demand growth for automobile load carriers. The development of high-speed freight networks in various countries is expected to bolster the automotive load bodies market over the forecast period.
Government policies covering low carbon emission vehicles might impeding their sales in some region of the globe. Customers are currently holding purchases and utilizing existing fleets. Moreover, stricter overload restrictions in most of the countries are shifting the trend towards higher gross vehicle weight (GVW) vehicles equipped with load bodies.
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Market Segmentation
Product Type
- Flat Beds
- Tippers
- Curtain-Sliders
- Box Bodies
- Temperature-Controlled Bodies
- Drop Side Bodies
- Trailers
- Luton Bodies
- Road Tankers
- Others
Vehicle Type
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Sales Channel
- OEM
- Aftermarket
End User
- Mining Industry
- Agriculture & Forestry
- Logistics & Transportation
- Waste Recycling
- Construction Industry
- Chemical Industry
- Others
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Regional Outlook
The logistics and transportation industry in the U.S. is highly competitive. Multinational firms strive to invest in this sector to position themselves in such a way so as to facilitate the flow of goods throughout the country. The growth of mining industry in countries of the Middle East provide solid growth prospects for the automobile load bodies market.
Countries, such as Iran, Kuwait and Saudi Arabia, are building up their investment portfolio in order to achieve a significant level of investment in manufacturing and mining capabilities. Additionally, Asia Pacific is expected to witness substantial growth opportunities in the automobile load bodies market owing to topography and regional advantage among the landlocked countries.
China and India are the prominent countries for the automotive load bodies market owing to their huge population and respective demands. The significant level of intra-regional trade among the Western European countries is expected to support growth in automotive load bodies.
Key Participants
- Fitzgeralds Vehicle Works
- Sliding Systems, Inc.
- Kögel Trailer GmbH & Co. KG
- SA Truck Bodies
- Fahrzeugwerk Bernard Krone Gmbh & Co. Kg
- Godwin Manufacturing Co., Inc.
- JC Payne (UK) Limited
- Mungi Group
- M & P Bodies
- Royal Truck Bodies
- Centro Manufacturing Corporation
- Commercial Engineers and Body Builders Co., Ltd.
- Kässbohrer Transport Technik GmbH
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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