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Trailer Surge Brake Market

Trailer Surge Brake Market By Product Type (Drum Brakes, Disc Brakes, Hydraulic Breakaway), Trailer Type (Marine Trailer, Automobile Semi-Trailer, Automobile Full Trailer, RV Trailer, Utility Trailers), Position (Front, Rear, Complete Assembly), Sales Channels (OEM, AfterMarket) & Region - Forecast 2022-2032

Market Insights on Trailer Surge Brake covering sales outlook, demand forecast & up-to-date key trends

Trailer Surge Brake Market Overview

The global trailer surge brake market is expected to be valued at US$ 5.9 Bn in 2022, and is forecasted to grow at a CAGR of 3% to be valued at US$ 8 Bn from 2022 to 2032.

Report Attributes

Details

Trailer Surge Brake Market Estimated Base Year Value (2021)

US$ 5.7 Bn

Trailer Surge Brake Market Value in 2022

US$ 5.9 Bn

Trailer Surge Brake Market CAGR

3%

Trailer Surge Brake Market Anticipated Value (2032)

US$ 8 Bn

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 the 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 the trailer surge brake systems still hold a considerable portion of the trailer surge brake market share in the auomotive sector.

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What are the Major Factors Driving the Growth of the Trailer Surge Brake Market?

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 as contributing factor for improvement in the sales of trailer surge brakes.

While there are numerous advantages of these brake trailer surge brakes that imparts 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 it. Also, electric brakes provide more braking power than electric surge brakes and are more effective for 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 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

Nikhil Kaitwade
Principal Consultant
LinkedIn
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which are known as the Prominent Region for Trailer Surge Brake Market Growth?

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 of 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.

What is the Competitive Landscape for the Global Trailer Surge Brake Market?

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 that 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 US Trailer tool manufacturing company named IPA Future now has developed advanced diagnostic trailer tester with some special applications for correcting the problems in surge brakes. It has been purposely built for side-mount tool boxes that is expected to bring in some fresh demand for trailer surge brake systems.

  • The adjacent market demand for trailer surge brake accessories is evolving rapidly providing advanced equipment for increasing the usability and sales of trailer surge brake systems. 
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Scope of Report 

Report Attribute

Details

Growth Rate

CAGR of 3% from 2022 to 2032

Base Year of Estimation

2021

Historical Data

2014-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

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
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S.
  • Canada
  • Brazil
  • Argentina
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • 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 Customized purchase options to meet your exact research needs.

Frequently Asked Questions

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.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Trailer Surge Brake Market