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Stringent Laws across the Globe to Promote the Growth of the Truck Landing Gear Market

Press release Description

Albany, New York, January 28, 2019: Increasing utilization of transportation in parallel to the exponential growth of ecommerce is projected to reflect positively on the growth of the truck landing gear market. There has been a surge in the demand for installing truck landing gears in the trailers to reduce the instances of carbon emission. Rapid adoption of light-weighted truck landing gears, backed by the rising demand for the transportation of milk and oil, is further envisaged as a prominent growth drivers for the truck landing gear market.

Given the modern-day need of automation, leading players of market like JOST Werke AG have been engaged in automating the manual truck landing gear by investing millions in the project, which will further aid the market to scale up in terms of revenue. Aforementioned valuable insights have been culled from a report titled, “Global Market Study on Truck Landing Gear: Stringent Rules for Trailer Safety to Drive Revenue Growth Through 2026”, which has been updated in the broad repository of Market Research Report Search Engines (MRRSE).

Stringent laws across the globe apropos of the load bearing capacity and permissible length of truck landing gears have also been a notable driver for the market growth. Among others, Europe is expected to dominate the market, owing to the government’s initiatives to enhance the overall efficiency of the automotive. Aforesaid factors collectively contribute to the growth of the truck landing gear market, which is predicted to clock an exceptional CAGR of over 4% through 2026.

Truck Landing Gear Market: Purview of the Report

The study commences with an in-depth executive summary of the truck landing gear market. The report consists of a descriptive overview on the truck landing gear market, which provides market definitions and market dynamics. A brief description has been provided on the market, which encompasses key demand drivers, restraints, challenges, threats, and opportunities that impact the growth of this market.

A detailed discussion on the macroeconomic and microeconomic factors, affecting the growth of the market, have been incorporated. The report consists of a detailed forecast on market for the period 2018 – 2028, wherein historic data from 2017 has been included in this report. Market evaluation has been done in volume (units) and value (US$ Mn).

This descriptive study also consists of absolute dollar opportunity, value chain analysis, competitive landscape, regional analysis in the weighted chapters. A comprehensive taxonomy of the market has been incorporated in the report, based on the lifting capacity, operation, and region.

A Look at the Geographical Segmentation and Competitive Dynamics for the Truck Landing Gear Market

The geographies assessed in the report consists of North America, Europe, China, Latin America, South East Asia & Pacific, and Middle East & Africa. A detailed segmentation for each of these regions have been incorporated in this report.

Leading players in the market comprises of Yangzhou Tongyi Machinery Co., Ltd., haacon hebetechnik gmbh, AXN Heavy Duty, LLC, Zhenjiang Baohua Semi-Trailer Parts Co., Ltd., H.D. Trailers Private Ltd., Sinotruck Howo Sales Co. Ltd., York Transport Equipment (Asia) Pte Ltd., BPW Bergische Achsen KG, Butler Products Corp., Guangdong Fuwa Engineering Group Co., Ltd., JOST Werke AG, and SAF-HOLLAND S.A., among others. A brief information on each of these players have been included in the report, alongside their financials, market size, market share, and business strategies.

Browse Full Global Truck Landing Gear Market Report with

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