LOGGING TRAILERS MARKET ANALYSIS

Regional Analysis

North America is expected to lead the global logging trailers market over the forecast period.

North America held a dominant position in the global logging trailers market in 2021 accounting for 31.2% share, in terms of value.

Figure 1: Global Logging Trailers Market Share (%), By Region, 2021

North America is expected to hold a dominant position in the global logging trailers market during the forecast period due to the extensive number of manufacturers and distributors spread across the U.S. and Canada. The region is witnessing significant technology developments contributing to the logging trailers market growth. For instance, in September 2021, FPInnovations, a non-profit organization focusing on the forest sector in Canada, announced the initiation of Hybrid Trailer Project. Through this, the organization planned to replace traditional axels of logging trailers with the drive axle supported by the power from electric motors. This integration will help in enabling a parallel hybrid configuration for logging trailers connected with tractors/trucks. Similar developments along with favorable government initiatives to focus on electric mobility solutions is expected to support the logging trailers market growth in the region.

Europe market is expected to witness significant growth during the forecast period due to region-wide presence of multiple logging trailer providers. In addition, in Europe, logging trailers and trucks are primarily used for timber haulage. For instance, according to the statistics from Forest Research, the UK Forestry Commission’s (FC) UK Wood Production and Trade Report 2022, in 2021, approximately 6.3 million tons of roundwood were delivered to sawmills, a rise of 7% compared to the previous year. Considering these figures, the need for logging trailers & trucks is anticipated to witness a significant rise in the region.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East and Africa: GCC Countries, South Africa, and Rest of the Middle East and Africa