CASE Technologies Pave Way for Revenue Opportunities Post COVID-19 Pandemic
The COVID-19 crisis has forced automotive and transportation industries to rethink their short-term and long-term business goals. Companies in the light car trailers market are taking help of government stimulus packaging and adopting contingency planning to predict volatile market sentiments. Manufacturers are mapping growth opportunities with autonomous vehicles and electric vehicles in the upcoming years.
In order to be future-ready, companies in the light car trailers market are gauging incremental opportunities in connected, autonomous, shared and electric (CASE) technologies. Currently, stakeholders are focusing on critical applications with the help of utility light car trailers. It is being predicted that automotive companies are likely to choose between adding new technology firms to their supply chain or develop comparable capabilities in-house.
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Car Trailer V/S Tow Dolly: Which is Better?
One of the major advantages of light car trailers is that they will not put additional mileage on the car when moving it on top of a carrier. However, one of the only disadvantage of car trailers when compared to tow dolly is the equipment cost, as renting a car trailer is more expensive than renting a tow dolly.
Car trailers are not a desirable option for moving a vehicle at a short distance due to high rent cost. However, tow dolly’s complicated set-up and weight capacity limitations tend to make light car trailers a preferred option. Such findings are influencing the growth rate of the light car trailers market.
Basic, Standard, and Deluxe Car Trailers Create Revenue Opportunities for Manufacturers
The light car trailers market is projected to reach US$ 1.76 Bn by 2031. Manufacturers are boosting the production for diamond floor car trailers. Kaufman Trailers is gaining recognition for building its portfolio in a wide range of car trailers right from diamond floor car trailers, double deck car trailers to golf car trailers. Competitor companies are taking cues from such manufacturers to provide basic, standard, and deluxe car trailers.
I order to gain a competitive edge over other manufacturers in the light car trailers market, companies are offering feature upgrades in trailers such as rubber-mounted sealed beam LED lights with a sealed modular wiring harness.
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Next-gen Light Car Trailers Designed with Removable Fenders and Super-wide Decks
High load bearing capacities and strength are being preferred in next-gen light car trailers. Big Tex Trailers - an American professional-grade trailer manufacturer, is building its portfolio in light car trailers with tie-down pockets on each side which allows for multiple places to secure cargo. Protected wiring, removable sand foot on jack and quick lubricating hubs are growing prevalent in light car trailers.
Companies in the light car trailers market are increasing the production of trailers meant for lower deck heights and adapted for safe easy vehicle transport. With super-wide deck options and drive-over or removable fenders in trailers, automotive companies are designing trailers suitable for cars, tractors, and buggies. As such, manufacturers are expanding their production of wedge car trailers and tilt car trailers.
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