Global Market Study on Truck Landing Gear: Stringent Regulations for Trailer Safety to Drive Revenue Growth Through 2026


Truck Landing Gear  Market
  • Report code : PMRREP25051 |
  • Industry : Automotive |
  • Published On : Oct-2018 |
  • Pages : 230 Pages |
  • Format :

Persistence Market Research (PMR) analyzes the truck landing gear market in its new publication titled “Truck Landing Gear Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026”. This global study on truck landing gear provides data for 2017 along with the forecast for the period 2018 – 2026. The main objective of the global truck landing gear report is to identify the dynamics in the market and provide recent updates and insights that affect the various segments of the global truck landing gear market. To provide a better understanding of the truck landing gear market, the report also includes the analysis of global drivers, restraints and trends, which will influence the current truck landing gear market scenario and will define the future status of the global truck landing gear market over the forecast period.

PMR’s solution is aligned towards meeting defined objectives, thereby helping clients make informed decisions about the global truck landing gear market. The research study offers detailed insights and in-depth research on the truck landing gear market at global as well as regional levels. This truck landing gear market report covers the important factors driving the growth of the market, untapped opportunities for the manufacturers, trends and developments shaping the dynamics in the truck landing gear market and other insights across various key segments. This truck landing gear market report covers diverse sections, such as the executive summary, analysis and forecast, competition assessment and research methodology & assumptions.

PMR’s solutions include: 

  • A scenario-based approach that makes relevant forecast in terms of global truck landing gear sales, assessment of the impact of various factors on dynamics pertaining to global truck landing gear using a systematic research methodology
  • Overview of the regulations and the underlying requirements and compliance approaches available to participants across the value-chain of the truck landing gear market

The global truck landing gear market can be segmented on the basis of lifting capacity, operation, sales channel and regions/country.

Segmentation of the global truck landing gear market by lifting capacity:

  • Less than 20,000 lbs
  • 20,000 lbs to 50,000 lbs
  • More than 50,000 lbs

Segmentation of the global truck landing gear market by operation:

  • Manual truck landing gear
  • Automatic truck landing gear

Segmentation of the global truck landing gear market by sales channel:

  • OEM
  • Aftermarket

Segmentation of the global truck landing gear market by region/country:

  • North America
  • Latin America
  • Europe
  • SEAP
  • Middle East and Africa
  • China
  • Japan

To understand and assess the opportunities and trends in the global truck landing gear market, the global truck landing gear market has been categorically split into different sections, based on lifting capacity, operation, sales channel and region. The global truck landing gear market report starts with an overview of the truck landing gear market and provides market definition & taxonomy, along with the value chain, drivers, restraints and trends in the market. The sections that follow include the global truck landing gear market analysis by lifting capacity, operation, sales channel and region. All the above sections evaluate the truck landing gear market on the basis of various factors affecting the truck landing gear market. Each section discusses the qualitative and quantitative aspects of the global truck landing gear market. To give a brief idea about revenue opportunities by lifting capacity, operation, sales channel and region, this global truck landing gear report also provides the market size in terms of value (US$ Mn) and Volume (‘000 Units), absolute $ opportunity and total incremental opportunity (US$ Mn) for each segment over the forecast period (2018 – 2026).

In the final section of the truck landing gear market, we have provided the global truck landing gear market structure analysis and a detailed competition landscape with company market share and performance to provide a dashboard view of key players operating in the global truck landing gear market along with their business strategies. This is expected to enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Research Methodology

For truck landing gear market data analysis, we have considered 2017 as the base year, with market numbers estimated for 2018 and forecast made for 2018 – 2026. To calculate the truck landing gear market size (US$ Mn), the report considers the weighted average price (US$) of truck landing gear based on lifting capacity, across key geographies on a regional basis. The forecast assesses the total revenue (US$ Mn) and volume (‘000 Units) of the global truck landing gear market. To deduce the market value, the cost of each type has been considered in the global truck landing gear market. In order to provide an accurate forecast, we started by sizing up the current market, which forms the basis of how the global truck landing gear market is expected to develop in the future. Critical market data, including the base number and segment splits, was devised through in-depth secondary and primary research. This data was then triangulated on the basis of different verticals by considering supply side as well as demand side drivers and other dynamics in various regional markets, along with primary interviews of truck landing gear manufacturers and water treatment equipment experts operating in the global truck landing gear market. The forecast presented in the truck landing gear report evaluates the actual cost of the different types of truck landing gears and the cost as per brands/makes in the global truck landing gear market.

We have also analyzed the different segments of the global truck landing gear market in terms of Basis Point Share (BPS) to understand the relative contribution of every individual segment to truck landing gear market growth. This detailed level of information is important for identifying various key trends governing the global truck landing gear market. The report also analyzes the global truck landing gear market on the basis of absolute dollar opportunity. This is usually overlooked while estimating the truck landing gear market forecast. However, from a sales perspective, it is essential to identify the absolute dollar opportunity to identify potential resources in the truck landing gear market. PMR has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global truck landing gear market. This market attractiveness index is expected to help clients identify real market opportunities in the global truck landing gear market.

The report covers comprehensive information about market trends, volume (‘000 units) and value (US$ Mn) projections, market dynamics, competition and recent developments in the global Truck Landing Gear market for the study period 2018 to 2026.

The global Truck Landing Gear market is expected to reach US$ 364.3 Mn by the end of the forecast period, registering a CAGR of 4.7% for the period between 2018 and 2026.

Factors Influencing Truck Landing Gear Market Growth (Market Dynamics)

Stringent government regulations regarding carbon emission and growing demand for installation of truck landing gears in existing trailers are the two factors that will propel the demand for new trailers and trucks, which in turn, is expected to give a push to the global truck landing gear market during the forecast period. Moreover, rising adoption of light weight truck landing gears as well as robust demand for oil and milk tankers for the transportation of oil from one place to another place are the other factors projected to foster the growth of the global truck landing gear market throughout the forecast period.

In addition, rising transportation in e-commerce and increasing fleet of trailers will also ramp up the global truck landing gear market during the forecast period.

Some small fleet trailer owners are also using supportive structures with truck landing gears to provide additional support to truck landing gears. These supportive structures are mainly used in shipyards to prevent truck landing gears from undergoing a sudden collapse.

20,000 Lbs to 50,000 Lbs Segment Projected to Dominate Throughout the Forecast Period

In the global truck landing gear market, leading manufacturers are offering various types of truck landing gears, with lifting capacity ranging from 20,000 lbs to 50,000 lbs. However, there exist some manufacturers who are manufacturing truck landing gears with less than 20,000 lbs lifting capacity type also. Truck landing gears can sustain in 50,000 lbs to 75,000 lbs load static condition. 20,000 lbs to 50,000 lbs segment is projected to reach ~ 57.0% share and reflect 4.2% CAGR in the global truck landing gear market over the forecast period. In terms of growth, more than 50,000 lbs segment is expected to grow with considerable growth rate over the slated time period owing to rising installation of truck landing gears in heavy duty trailers.

In terms of value share, the more than 50,000 lbs segment is expected to hold 2X the share of the 20,000 lbs to 50,000 lbs segment’s share and is projected to create opportunity worth US$ 44.1 Mn in the global truck landing gear market throughout the forecast period. However, the less than 20,000 lbs segment is projected to grow with moderate growth rate owing as these types of truck landing gears are used for specific purposes or in light duty trailers.

Automatic Segment Anticipated to Grow with Addressable Annual Growth Rate during the Forecast Period

Currently, the manual segment is projected to dominate in the global truck landing gear market. However, during the next eight years, the automatic segment is expected to grow at a significant growth rate owing to rising automation in the trailer component market. In terms of value share, the automatic segment is projected to account for ~9.4X share as compared to manual segment in 2018. By 2026, the segment is expected to grow at 7.4% CAGR in the global truck landing gear market over the forecast period.

Giving the escalating adoption rate of automatic type truck landing gears and rising automation in trailer components, leading truck landing gear manufacturers, such as JOST Werke AG, are investing millions of dollar for the development and manufacturing of automatic truck landing gears. 

truck landing gear market

Key Developments in the Truck Landing Gear Market

Manufacturers of Truck Landing Gears are adopting mainly four types of strategies, i.e. expansion, collaboration, product launches and acquisition, to establish distinguished brand value in the truck landing gear market across the globe.

  • In August 2018, JOST Werke AG opened three new sites in New Zealand, Turkey and Thailand, with an aim to expand its fifth wheel couplings, landing gears, bearings and kingpins business in these countries
  • In July 2018, SAF-HOLLAND S.A. acquired the digital trailer management specialist AXSCEND LTD. in the U.K., with an aim to strengthen its software and programming expertise and expand its technology portfolio for digital trailer applications
  • In April 2018, SAF-HOLLAND acquired some assets of York Transport Equipment (Asia) Pte Ltd. to enhance its supply of trailer components in the Asia Pacific region
  • In March 2016, haacon hebetechnik gmbh launched a new series of trailer landing gears called the SX to gain noteworthy traction in the truck landing gear market

Truck Landing Gear Market Structure

The global Truck Landing Gear market is a highly consolidated market. The top three players in the global truck landing gear market are JOST Werke AG, SAF-HOLLAND S.A., and Guangdong Fuwa Engineering Group Co., Ltd.

Some of the prominent players covered in this market study on the global Truck Landing Gear include JOST Werke AG, SAF-HOLLAND S.A., 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., haacon hebetechnik gmbh, and Yangzhou Tongyi Machinery Co., Ltd.

Key Questions Answered in the Report

  • How has the Truck Landing Gear market evolved in the past four years?
  • What shape is the Truck Landing Gear market expected to take in terms of volume and value during the study period?
  • What are some of the prevailing market dynamics in the Truck Landing Gear market?
  • What are the competition developments and trends in the Truck Landing Gear market?
  • What are some of the underlying macro-economic and industry factors impacting the growth of the Truck Landing Gear market?
  • What are the important key challenges, opportunities and improvement factors for Truck Landing Gear market players?
  • What are the important market positioning and key strategies of key manufacturers as per the Truck Landing Gear market taxonomy?
  • How is the competition structured at present? How has it evolved in the Truck Landing Gear market over the past few years?

Company Profiles

  • JOST Werke AG 
  • SAF-HOLLAND S.A.
  • 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.
  • haacon hebetechnik gmbh
  • Yangzhou Tongyi Machinery Co., Ltd.
  • Others.
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