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Global Manual Truck Landing Gear Market Research Report 2024(Status and Outlook)

Global Manual Truck Landing Gear Market Research Report 2024(Status and Outlook)

  • Published on : 22 October 2024
  • Pages :125
  • Report Code:SMR-8013822

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Report overview

The global Manual Truck Landing Gear market size was valued at US$ 412.7 million in 2024 and is projected to reach US$ 528.5 million by 2030, at a CAGR of 4.2% during the forecast period 2024-2030.
The United States Manual Truck Landing Gear market size was valued at US$ 112.3 million in 2024 and is projected to reach US$ 138.6 million by 2030, at a CAGR of 3.6% during the forecast period 2024-2030.
Manual Truck Landing Gear are support structures attached to semi-trailers, designed to be manually operated to provide stability when the trailer is detached from the tractor, allowing for loading, unloading, and parking of the trailer.
The global Manual Truck Landing Gear market is growing steadily, driven by the expansion of the logistics and transportation industry, increasing demand for semi-trailers, and the reliability of manual systems in various operating conditions. In 2023, global production of manual truck landing gear reached approximately 1.8 million units, with North America and Europe accounting for 60% of demand. The logistics sector remains the largest consumer, representing 70% of demand, followed by construction at 20% and agriculture at 8%. The market benefited from the recovery and growth of the trucking industry post-pandemic, leading to a 8% increase in semi-trailer production and consequently, landing gear demand in 2023. Technological advancements have focused on improving durability, reducing weight, and enhancing ease of operation, with new designs offering corrosion-resistant coatings, high-strength steel construction, and ergonomic hand cranks capable of lifting up to 55,000 lbs with 30% less effort compared to older models. The market is seeing steady growth in two-speed landing gear systems, increasing at 5% annually, driven by their faster operation and improved efficiency in fleet management. In 2023, the trend towards lightweight components in the trucking industry led to a 10% increase in the adoption of aluminum and composite materials in landing gear construction.
The industry faces challenges from the growing popularity of automatic landing gear systems, but the lower cost, simplicity, and reliability of manual systems continue to sustain demand, particularly in smaller fleets and harsh operating environments. Emerging applications in specialized trailers for renewable energy equipment transport are showing promise, with heavy-duty manual landing gear for wind turbine component trailers growing at 12% CAGR, albeit from a small base of 3% market share. Looking ahead, the market is expected to benefit from innovations in materials science, with next-generation high-strength, lightweight alloys for landing gear projected to grow at 8% CAGR through 2030.
Report Overview This report provides a deep insight into the global Manual Truck Landing Gear market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Manual Truck Landing Gear Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market. In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Manual Truck Landing Gear market in any manner. Global Manual Truck Landing Gear Market: Market Segmentation Analysis The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments. Key Company JOST Werke SAF-HOLLAND Guangdong Fuwa Engineering Group Butler Products BPW Bergische Achsen York Transport Equipment (Asia) AXN Heavy Duty H. D. Trailers Zhenjiang Baohua Semi-Trailer Parts haacon hebetechnik Yangzhou Tongyi Machinery Market Segmentation (by Type) Less than 20,000 lbs 20,000 lbs to 50,000 lbs More than 50,000 lbs Market Segmentation (by Application) OEM Aftermarket Geographic Segmentation North America (USA, Canada, Mexico) Europe (Germany, UK, France, Russia, Italy, Rest of Europe) Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific) South America (Brazil, Argentina, Columbia, Rest of South America) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA) Key Benefits of This Market Research: Industry drivers, restraints, and opportunities covered in the study Neutral perspective on the market performance Recent industry trends and developments Competitive landscape & strategies of key players Potential & niche segments and regions exhibiting promising growth covered Historical, current, and projected market size, in terms of value In-depth analysis of the Manual Truck Landing Gear Market Overview of the regional outlook of the Manual Truck Landing Gear Market: Key Reasons to Buy this Report: Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change This enables you to anticipate market changes to remain ahead of your competitors You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly Provision of market value (USD Billion) data for each segment and sub-segment Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions Includes in-depth analysis of the market from various perspectives through Porter