Global Boat Trailer Market - Industry Trends and Forecast to 2029

Global Boat Trailer Market, Product (Bunk Trailers, Hybrid Trailers), Material Type (Galvanized Steel, Aluminium), Load Capacity (Heavy Weight Trailers, Up To 1,500 Kg), Application (Motor Boats, Other Watercraft, Outboard Motors) – Industry Trends and Forecast to 2029

Market Analysis and Size

A boat trailer is a trailer which has designed to carry boats, launch and retrieve. In some cases, these vehicles are mainly used to roller trailers, store ships. Hybrid and double-decker trailers are some of the major products in the market that can be used for marine trailers. Major wholesalers are working in the market for boat trailers and mainly focus on the expansion of highly efficient products. Due to this, they are spending more money on research activities. This is one of the major factors expected to drive the growth of the global boat trailers market.

Data Bridge Market Research analyses that the boat trailer market was valued at USD 0.84 billion in 2021 and is expected to reach USD 1.22 billion by 2029, registering a CAGR of 4.80% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.     

Report Scope and Market Segmentation

Market Definition

A boat trailer is a wheeled frame made to transport the boat across land by towing it behind any vehicle. This frame could be the basic component for all small boats, but larger boats may need more multi-layered designs. The centre of gravity, boat's weight, total length, width, engines and many other factors that decides the most excellent boat trailer model. A boat trailer might have a single, double or even triple axle and it is based on its weight capacity. 

Boat Trailer Market Dynamics

Drivers

• Demand for aluminium base boat trailer

Aluminium is the most preferred type of raw material used for manufacturing boat trailers because of its corrosion resistive and lightweight properties. Also, aluminium boat trailers have high strength and longer time period as compared to steel trailers. The lightweight property of aluminium upsurges the fuel efficiency of the boat trailer’s towing vehicle due to increasing the demand for the boat trailer and driving the market growth rate.

• Rise in the number of tourist

The growing number of tourists in nations increase the demand for water tools and boats which is manly used for recreational activities in developing and developed economies. This factor is anticipated to drive the demand for watercraft and new boats, thus growing the sales of boat trailers in the forecast period.

Although, the tourism sector is growing with subsequent surge in lifestyle spending and the rise in disposable income.

Opportunities

• Surging Product Launches and Innovation

Additionally, the surging product launches and other innovations by the major market players further offer several growth opportunities within the market.  For instance, Hydrotrans has launched new aluminium SW5 boat trailers that can lift the boat up to 10T weight and is more durable. 

Moreover, Manufactures are adopting advanced technologies to prevent damages, delays and accidents. Also, growing water skiing, boating, yachting, and kite surfing are some major factors which are expected to create immense opportunity for the market growth rate.

Restraints/ Challenges

• High cost and unavailability of advanced infrastructure

The unavailability of advanced technology for extensive production, the high cost of the product , and the high cost of research and development are acting as market restraints for boat trailer, which will further challenge the boat trailer market during the mentioned forecast period.

This boat trailer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the boat trailer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Boat Trailer Market

The outbreak of COVID-19 pandemic had a severe impact on the automotive sector which directly affect the demand of the boat trailer in the market. This crisis had a great economic impact which also impacted the growth of the boat trailers market. The industry noticed a drop in vehicle sales by 30% in 2020

Manufacturing plant closure in many countries added to the pressure of a disturbed supply chain for transportation and automotive equipment manufacturers in the global market. With the decreasing demand of boat trailer, automotive manufacturers are concentrating on examining their operational plans and strategies post COVID- 19 to improve their sales.

Global Boat Trailer Market Scope

The boat trailer market is segmented on the basis of product, material, load capacity and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Product Bunk Trailers
• Hybrid Trailers

 Material

• Galvanized Steel
• Single Axel Type
• Triple Axel Type
• Tandem Type
• Aluminium
• Single Axel Type
• Triple Axel Type
• Tandem Type

Load Capacity

• Heavy Weight Trailers
• Up To 1,500 Kg

Application

• Motor Boats
• Other Watercraft
• Outboard Motors

Boat Trailer Market Regional Analysis/Insights

The boat trailer market is analysed and market size insights and trends are provided by country, Product, material, load capacity and application as referenced above.

The countries covered in the boat trailer market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

North America leads the boat trailer market in terms of revenue and market share during the forecast period of 222-2029. This is due to the commercial and personal applicability of boat trailers, which has been attracting revenue in this region.  

Asia-Pacific is expected to be the fastest developing regions due to the prominent market players which focus on providing the robust hull support for launching for boats and easy loading with different load capacities.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Boat Trailer Market Share Analysis

The boat trailer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to boat trailer market.

Some of the major players operating in the boat trailer market are:

• Kropf Industrial Inc. (Canada)
• HOSTAR Marine Transport Systems Inc. (U.S.)
• TRIGANO Group (France)
• Hydrotrans (Nigeria)
• Balbi Rimorchi (Italy)
• EZ Loader (U.S.)
• Midwest Industries Inc. (U.S.)
• Load Rite Trailers, Inc (U.S.)
• Karavan Trailers (U.S.)
• HLT Limited (U.S.)
• Boatmate Trailers (U.S.)
• Venture Trailers (U.S.)
• RAI Amsterdam (Netherland)