We witness trailer segment market will be more organized post implementation trailer body code, GST implementation in FY2017. A miniature chunk of trailers also find use in highly specialized application, they could be fit with racks, curtains etc.,
Demand for product quality, testing standard compliance, regulatory enforcements drives the industry towards technically advanced C-OEM*, V-OEM**, further opening up opportunities for trailer manufacturers, component suppliers from the developed world with limited understanding on the markets. Transporters prefers advance technology like telematics to track the vehicle movement to calculate departure time.
This report reviews complex Indian trailer market associated with the micro and macro trends and provides forecasts to 2022. It considers the key drivers and restraints influencing development of the market and includes a review of the statutory regulations and proposed amendments to those regulations that may be implemented during the forecast period. The report also provides outline about the trailer builders within the organised sector, including sales and market shares.
C-Oem*- Component OEM, V-OEM**- Vehicle OEM