Light Car Trailer Global Market Report 2024

The light car trailer market size has grown steadily in recent years. It will grow from $1.5 billion in 2023 to $1.56 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The expansion observed during the historical period can be ascribed to factors such as the increase in recreational activities, a growing interest in outdoor adventures, the expansion of small business activities, urbanization coupled with limited storage spaces, and an elevated adoption rate for motorsports.

The light car trailer market size is expected to see steady growth in the next few years. It will grow to $1.86 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The anticipated growth in the forecast period can be linked to the increasing prominence of electric and hybrid vehicles, a rise in adventure tourism, a heightened focus on lightweight and aerodynamic designs, the adoption of sustainable materials, and the growing popularity of camper trailers. This growth is further influenced by broader global tourism trends. Key trends expected in this period encompass the development of multi-functional trailers, the integration of advanced safety features, the incorporation of smart trailer technology, an emphasis on customization options, the integration of aerodynamic features, and a notable shift towards online sales and direct-to-consumer models.

The light car trailer market is poised for growth, driven by the rapidly expanding tourism industry. Tourism, involving travel for leisure, social, or business purposes, is on the rise, creating a heightened demand for light car trailers. These trailers, devoid of motive power, particularly utility trailers, are favored for their compact travel mode and find extensive use among motorsport enthusiasts for transporting vehicles. In 2022, The World Tourism Organization (UNWTO) reported that the economic contribution of tourism reached US$1.9 trillion in 2021, surpassing the US$1.6 trillion recorded in 2020. Consequently, the robust growth in the tourism sector is a key factor propelling the light car trailer market forward.

The light car trailer market is also anticipated to benefit from the increasing prevalence of recreational activities. Recreational activities, undertaken for fun, exercise, or leisure, are seeing a surge, and light car trailers play a pivotal role in enhancing these experiences. These trailers offer a convenient and efficient means of transporting equipment such as camping gear, bicycles, and outdoor supplies for outdoor enthusiasts and travelers. Notably, in August 2022, the Outdoor Industry Association reported a 6.9% increase, with 164.2 million Americans aged 6 and over engaging in outdoor recreation at least once in 2021 since March 2020. This trend is a driving force behind the growth of the light car trailer market.

An emerging trend in the light car trailer market is the introduction of innovative electric travel trailers. Major market players are actively developing electric vehicles to stay competitive. For example, in August 2022, Bowlus introduced the all-electric Volterra, touted as the world's first all-electric travel trailer. This innovative trailer features an induction cooktop, high-speed satellite internet, and a weight of 3250 pounds with a payload of 750 pounds. Its use of 17 kWh lithium iron phosphate batteries provides increased capacity, allowing for approximately 65 miles of emergency EV charging due to the enhanced battery capabilities.

Companies in the light car trailer market are also focusing on the introduction of innovative open platforms to gain a competitive edge. An innovative open platform is a flexible system that allows seamless integration with various applications, devices, or technologies within a unified framework. Hyundai Translead, in September 2021, launched the HT LinkSense, an open-platform smart trailer solution designed to enhance fleet management and operations. This solution facilitates universal connectivity between sensor packages and existing telematics systems, providing customers with improved fleet management capabilities.

In November 2021, ALCOM LLC, a US-based manufacturer of aluminum trailers, acquired Triton Trailers for an undisclosed amount. This acquisition aims to integrate the Triton Trailers brand, leveraging its expertise to develop new, high-quality, and innovative trailer products. Triton Trailers, a US-based company known for manufacturing premium aluminum trailer products, including various recreational trailers, adds value to ALCOM LLC's portfolio.

Major companies operating in the light car trailer market report are Aluma Ltd., Felling Trailers, Futura Trailers, Haulmark, Kaufman Trailers, Pace American, SylvanSport LLC, Woodford Trailers Ltd., Aluminum Trailer Company, Doepker Industries, East Manufacturing Company, Fontaine Trailer Company, Great Dane Trailers, Heil Trailer International, Fruehauf Trailer Corporation, Big Tex Trailers, Featherlite Trailers, PJ Trailers, Triton Trailers, Sundowner Trailers, Echo Trailers, Bri-Mar Trailers, Wells Cargo, Cargo Express, Midsota Manufacturing, Sure-Trac, Stealth Trailers, Mission Trailers, Load Trail, Diamond C Trailers, Maxey Trailers, Look Trailers, Homesteader Trailers, Moritz International, Rice Trailers, Doolittle Trailer Mfg, Calico Trailers, Mirage Trailers, Top Hat Trailers, Lark United Manufacturing.

North America was the largest region in the light car trailer market in 2023. The regions covered in the light car trailer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the light car trailer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary classifications of light car trailers include utility light car trailers and recreational light car trailers. These trailers, unpowered themselves, rely on being towed or pulled by motorized vehicles such as trucks or cars. Two main designs prevail, open-light car trailers and enclosed light car trailers. Additionally, they can feature either a single-axle configuration or a multi-axle setup. Light car trailers find application in various sectors such as tourism and transportation, serving a range of purposes beyond their primary function.

The light car trailer market research report is one of a series of new reports that provides light car trailer market statistics, including light car trailer industry global market size, regional shares, competitors with a light car trailer market share, detailed light car trailer market segments, market trends and opportunities, and any further data you may need to thrive in the light car trailer industry. This light car trailer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.