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Increasing application of modern autonomous farm equipment, such as agricultural robots for activities such as spraying pesticides and insecticides on crops with agricultural trailers attached to them for carrying these chemicals, is also boosting the agricultural trailer market in developed countries. Adoption of cutting-edge innovative technologies, such as trailer surge brakes in the agricultural trailers, is also boosting the global agricultural trailer market. Sales of automotive trailers are rising due to an increase in trade and transportation activities worldwide. This is also fuelling the sales of agricultural trailers across the globe. The future of agricultural trailer market lies in the rapid adoption of smart and connected trailers, featuring Internet of Things (IoT) technologies, telematics, and smart sensors since the demand for agricultural trailers in developed countries is likely to be driven by these smart trailers. This is estimated to offer significant opportunities in the associated services for the key vendors in the agricultural trailer market.
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Agricultural trailers are specifically made for agriculture and forestry applications. An agricultural trailer is generally left uncovered with single/double axel construction, which is coupled to an agricultural tractor using two hooks and primarily employed for the transportation of agricultural materials. Agricultural trailers offer greater speed, higher reliability, and lower losses with increased efficiency while transporting the agricultural produce, thus leading to improved sales and higher incomes for the farming community. This enables farmers to have more quantity of agricultural produce to sell in the markets and a higher probability of getting fair prices for their produce and improving their incomes. Rise in usage of agricultural trailers in forestry is the beneficial opportunity for agricultural trailer manufacturers.
The labor shortage in the agricultural sector in developed as well as developing countries is a key factor boosting the demand for dump trailers and consequently, driving the agricultural trailer market.
The global dump trailers segment is estimated to reach a value of approximately US$ 6 Bn by the end of 2022, due to rising demand from various industries such as agriculture, forestry, and construction. A dump trailer is highly versatile and can haul anything from fertilizer sacks to sand; it is used as an alternative to dumpers and tippers in numerous applications. Dump trailers can be customized for tractors of all sizes. Furthermore, they offer ease of operation, high haulage capacity, and cheaper operating costs than a dumper or tipper.
In most cases, especially in developing countries, farmers tend to use animal power for the transportation of agricultural produce to nearby markets and agricultural inputs such as fertilizers to their farms from the markets. However, it has been observed that farmers struggle to avoid losses in their agricultural produce while they are being transported by utilizing animal power, leading to the availability of less quantity of agricultural produce to be sold in the markets leading to lower incomes. In forestry, agricultural trailers are utilized to transport produce such as freshly chopped wood and dead tree trunks. Therefore, agricultural trailers are considered to be an important haulage tool for produce in the forestry sector.
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Agricultural trailers are used to transport various products including food grains, fertilizers, cattle fodder, small agricultural implements, and hay as well as for the movement of agricultural labor from one place to another in emerging markets such as India. They are also employed to transport raw materials for construction as well as forestry products. Agriculture is a prominent and rapidly growing application segment of the agricultural trailer market. Smart trailers, tipping trailers, and multi axle trailers are some of the recent innovations in the agricultural equipment industry, which are expected to further boost the market demand for agricultural trailers.
Consistent rise in population leading to increased demand for food grains and other agricultural products, growing farm mechanization resulting in higher sales of agricultural equipment, improving purchasing power of people, government push to increase adoption of farm mechanization in developing countries to improve the agricultural production, labor shortages in the agricultural sector, and technological advancements are fueling the agricultural equipment industry, which in turn propelling the demand for agricultural trailers. The introduction of new products such as intelligent trailers, modular trailers, trailer terminal trailers for tractors, and semi-trailers is setting the trend for the future in the agricultural trailer market.
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