The global trailer surge brake market is expected to be valued at US$ 5.9 Billion in 2022 and is forecasted to grow at a CAGR of 3% to be valued at US$ 8 Billion from 2022 to 2032.
| Report Attributes | Details |
|---|---|
| Trailer Surge Brake Market Estimated Base Year Value (2021) | US$ 5.7 Billion |
| Trailer Surge Brake Market Value in 2022 | US$ 5.9 Billion |
| Trailer Surge Brake Market CAGR | 3% |
| Trailer Surge Brake Market Anticipated Value (2032) | US$ 8 Billion |
Trailer surge brakes are the kind of hydraulic brakes that are actuated by using the momentum of the trailer and the weight of the trailer. These brakes do not need any external power supply for their work, unlike electric brakes, and also, they do not require any controller for the proper actuation of the brakes. Due to this significant advantage, the demand for trailer surge brake systems has remained intact in spite of several advanced brakes available today.
These brakes can be used for any kind of trailer and do not require an electrical connection with the toe vehicles simplifying the connection of the trailer with the tow vehicles. So trailer surge brake systems still hold a considerable portion of the trailer surge brake market share in the automotive sector.
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The actuation without any power supply and the use of the own momentum of the trailer to power the braking assembly are some of the features of such types of brakes that are going to drive the trailer surge brake market.
Also, the hydraulic surge brakes are operated by the laws of physics, which can never fail, so the failure susceptibility of these brakes is relatively lower.
The reliability of the operation is likely to increase the sales of trailer surge brakes by the various end users.
The usage of hydraulic trailer surge brakes also provides a simple assembly of the trailer with towing vehicle and are relatively lower cost than the electric brakes, which might prove a contributing factor for improvement in the sales of trailer surge brakes.
While there are numerous advantages of these brake trailer surge brakes that impart higher growth in the sales of trailer surge, some factors might play a pivotal role in hindering the growth of the trailer surge brake market share.
The hydraulic surge brake could incur more maintenance charges and require timely repairs, while on the other hand, electric brakes are nearly maintenance-free and could show effective working without any repair requirement.
This disadvantage might distract customers and limit the sales of trailer surge brakes, and the customers could prefer electric brakes over them. Also, electric brakes provide more braking power than electric surge brakes and are more effective for the instant stoppage and scenarios where the requirement of more brake power is required for the trailers.
These two factors will be the major restraints for the increase in demand for the trailer surge brake market during the forecast years and ahead.
Today, the availability of electric brakes and air brakes is hampering the sales of trailer surge brakes. The increasing number of manufacturers of electric brakes also compels the manufacturers to provide the electric brakes with the least cost possible due to the effective slack in the prices of electric brakes resulting in a diversion of the customers and reducing demand for trailer surge brakes
The trailer surge brake market share is expected to grow at a steady pace in the market of Europe. The growing popularity of another advanced type of braking system is predicted to keep the sales of trailer surge brake systems at a moderate level. The demand for trailer surge brakes in North America is under a similar fate as the other brakes are getting preferred more by high-end vehicles.
With increasing cargo and freight services in the market of South Asia, the trailer surge brakes market is expected to experience unprecedented growth in this region. Also, the increasing use of a trailer for marine and also usage of the automotive trailer is expected to push the trailer surge brake market of North America with above than average growth.
The market in the Middle East and Africa is expected to remain stagnant due to the limited use of trailers in the majority of African regions. The trailer surge brake market of East Asia spearheaded by China and Japan is expected to grow at a decent rate over the forecast years.
Due to the recovery of the economies of countries in Latin America, the automotive market is expected to grow at a slow and steady pace which in turn is going to pave the path for growth in demand for trailer surge brake systems and higher sales of trailer surge brake accessories.
Principal Consultant
Some of the key companies of the global trailer surge brake market include Dexter Axle Company, CURT Manufacturing LLC, Demco, TIE DOWN ENGINEERING, Heritage Custom Trailers, PJ Trailers, Croft Trailer Supply, Lippert Components, Inc., Atwood, Rigid Hitch, and others.
The automotive industries have expanded their business by delving into the manufacturing parts used in automotive and have become significant regional players occupying a major part of the global trailer surge brake market share together.
Major Adoptions and Innovations by the Major Market Players of the Trailer Surge Brake Market
A USA Trailer tool manufacturing company named IPA Future now has developed an advanced diagnostic trailer tester with some special applications for correcting the problems in surge brakes. It has been purposely built for side-mount toolboxes that are expected to bring in some fresh demand for trailer surge brake systems.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3% from 2022 to 2032 |
| Base Year of Estimation | 2021 |
| Historical Data | 2014 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Trailer Type, Position, Sales Channel, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled | Dexter Axle Company; CURT Manufacturing LLC; Demco; TIE-DOWN ENGINEERING; Heritage Custom Trailers; PJ Trailers; Croft Trailer Supply; Lippert Components, Inc.; Atwood; Rigid Hitch |
| Customization scope | Available Upon Request |
| Pricing and Purchase Option | Avail of Customized purchase options to meet your exact research needs. |
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The trailer surge brake market is forecasted to register a CAGR of 3% during the forecast period.
The key manufacturing companies occupying the most trailer surge brake market share are Dexter Axle Company, CURT Manufacturing LLC, Demco, TIE DOWN ENGINEERING, Heritage Custom Trailers, PJ Trailers, Croft Trailer Supply, Lippert Components, Inc., Atwood, and Rigid Hitch.
Growing demand for cargo and freight services in the developing regions of African countries is predicted to be the major driver for the growth in sales of trailer surge brake systems.
1. Executive Summary | Trailer Surge Brake Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2022 to 2032 5.3.1. Drum-based Trailer Surge Brake 5.3.2. Disc-based Trailer Surge Brake 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Product Type, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Channel 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2022 to 2032 6.3.1. OEM 6.3.2. Aftermarket 6.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Sales Channel, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Trailer Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Trailer Type, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Trailer Type, 2022 to 2032 7.3.1. Boat Trailer 7.3.2. Recreational Vehicles 7.3.3. Fifth Wheel Trailers 7.3.4. Utility Trailers and Others 7.4. Y-o-Y Growth Trend Analysis By Trailer Type, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By Trailer Type, 2022 to 2032 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Actuator Position 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Actuator Position, 2017 to 2021 8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Actuator Position, 2022 to 2032 8.3.1. Channel Center 8.3.2. Channel Down 8.3.3. Channel Up 8.4. Y-o-Y Growth Trend Analysis By Actuator Position, 2017 to 2021 8.5. Absolute $ Opportunity Analysis By Actuator Position, 2022 to 2032 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021 9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. East Asia 9.3.5. South Asia & Pacific 9.3.6. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1.USA 10.2.1.2. Canada 10.2.2. By Product Type 10.2.3. By Sales Channel 10.2.4. By Trailer Type 10.2.5. By Actuator Position 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Sales Channel 10.3.4. By Trailer Type 10.3.5. By Actuator Position 10.4. Key Takeaways 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Mexico 11.2.1.2. Brazil 11.2.1.3. Rest of Latin America 11.2.2. By Product Type 11.2.3. By Sales Channel 11.2.4. By Trailer Type 11.2.5. By Actuator Position 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Sales Channel 11.3.4. By Trailer Type 11.3.5. By Actuator Position 11.4. Key Takeaways 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. Italy 12.2.1.3. France 12.2.1.4. United Kingdom 12.2.1.5. Spain 12.2.1.6. BENELUX 12.2.1.7. Russia 12.2.1.8. Rest of Europe 12.2.2. By Product Type 12.2.3. By Sales Channel 12.2.4. By Trailer Type 12.2.5. By Actuator Position 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Sales Channel 12.3.4. By Trailer Type 12.3.5. By Actuator Position 12.4. Key Takeaways 13. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Product Type 13.2.3. By Sales Channel 13.2.4. By Trailer Type 13.2.5. By Actuator Position 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Type 13.3.3. By Sales Channel 13.3.4. By Trailer Type 13.3.5. By Actuator Position 13.4. Key Takeaways 14. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 14.2.1. By Country 14.2.1.1. India 14.2.1.2. ASEAN 14.2.1.3. Australia and New Zealand 14.2.1.4. Rest of South Asia & Pacific 14.2.2. By Product Type 14.2.3. By Sales Channel 14.2.4. By Trailer Type 14.2.5. By Actuator Position 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product Type 14.3.3. By Sales Channel 14.3.4. By Trailer Type 14.3.5. By Actuator Position 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. Turkey 15.2.1.3. South Africa 15.2.1.4. Rest of Middle East and Africa 15.2.2. By Product Type 15.2.3. By Sales Channel 15.2.4. By Trailer Type 15.2.5. By Actuator Position 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Product Type 15.3.3. By Sales Channel 15.3.4. By Trailer Type 15.3.5. By Actuator Position 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1.USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2021 16.1.2.1. By Product Type 16.1.2.2. By Sales Channel 16.1.2.3. By Trailer Type 16.1.2.4. By Actuator Position 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2021 16.2.2.1. By Product Type 16.2.2.2. By Sales Channel 16.2.2.3. By Trailer Type 16.2.2.4. By Actuator Position 16.3. Mexico 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2021 16.3.2.1. By Product Type 16.3.2.2. By Sales Channel 16.3.2.3. By Trailer Type 16.3.2.4. By Actuator Position 16.4. Brazil 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2021 16.4.2.1. By Product Type 16.4.2.2. By Sales Channel 16.4.2.3. By Trailer Type 16.4.2.4. By Actuator Position 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2021 16.5.2.1. By Product Type 16.5.2.2. By Sales Channel 16.5.2.3. By Trailer Type 16.5.2.4. By Actuator Position 16.6. Italy 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2021 16.6.2.1. By Product Type 16.6.2.2. By Sales Channel 16.6.2.3. By Trailer Type 16.6.2.4. By Actuator Position 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2021 16.7.2.1. By Product Type 16.7.2.2. By Sales Channel 16.7.2.3. By Trailer Type 16.7.2.4. By Actuator Position 16.8. United Kingdom. 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2021 16.8.2.1. By Product Type 16.8.2.2. By Sales Channel 16.8.2.3. By Trailer Type 16.8.2.4. By Actuator Position 16.9. Spain 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2021 16.9.2.1. By Product Type 16.9.2.2. By Sales Channel 16.9.2.3. By Trailer Type 16.9.2.4. By Actuator Position 16.10. BENELUX 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2021 16.10.2.1. By Product Type 16.10.2.2. By Sales Channel 16.10.2.3. By Trailer Type 16.10.2.4. By Actuator Position 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2021 16.11.2.1. By Product Type 16.11.2.2. By Sales Channel 16.11.2.3. By Trailer Type 16.11.2.4. By Actuator Position 16.12. China 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2021 16.12.2.1. By Product Type 16.12.2.2. By Sales Channel 16.12.2.3. By Trailer Type 16.12.2.4. By Actuator Position 16.13. Japan 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2021 16.13.2.1. By Product Type 16.13.2.2. By Sales Channel 16.13.2.3. By Trailer Type 16.13.2.4. By Actuator Position 16.14. South Korea 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2021 16.14.2.1. By Product Type 16.14.2.2. By Sales Channel 16.14.2.3. By Trailer Type 16.14.2.4. By Actuator Position 16.15. India 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2021 16.15.2.1. By Product Type 16.15.2.2. By Sales Channel 16.15.2.3. By Trailer Type 16.15.2.4. By Actuator Position 16.16. ASIAN 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2021 16.16.2.1. By Product Type 16.16.2.2. By Sales Channel 16.16.2.3. By Trailer Type 16.16.2.4. By Actuator Position 16.17. Australia and New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2021 16.17.2.1. By Product Type 16.17.2.2. By Sales Channel 16.17.2.3. By Trailer Type 16.17.2.4. By Actuator Position 16.18. GCC Countries 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2021 16.18.2.1. By Product Type 16.18.2.2. By Sales Channel 16.18.2.3. By Trailer Type 16.18.2.4. By Actuator Position 16.19. Turkey 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2021 16.19.2.1. By Product Type 16.19.2.2. By Sales Channel 16.19.2.3. By Trailer Type 16.19.2.4. By Actuator Position 16.20. South Africa 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2021 16.20.2.1. By Product Type 16.20.2.2. By Sales Channel 16.20.2.3. By Trailer Type 16.20.2.4. By Actuator Position 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Product Type 17.3.3. By Sales Channel 17.3.4. By Trailer Type 17.3.5. By Actuator Position 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Dexter Axle Company 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. DEMCO 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. Titan Tire Corporation 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. HYDRASTAR TRAILER BRAKE ACTUATOR 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Pacific Trailers (Aftermarket) 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Tie Down Engineering 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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Trailer Surge Brake Market
