Car Carrier Market By Type (Open-Air Car Carrier, Enclosed Car Carrier), By End User (Automotive Sales Service Shop 4S, Terminals, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

April 2024 | 400 pages | ID: C85121DF6F79EN
Allied Market Research

Abstracts

The global car carrier market share was valued at $13.2 billion in 2022, and is projected t%li%reach $26.9 billion by 2032, growing at a CAGR of 7.5% from 2023 t%li%2032.

Car carrier services are a part of the automotive industry. The car carrier services play an important role in the transportation of vehicles from one point t%li%the other point. Car carrier services ensure the safe and efficient delivery of vehicles. Car carrier services are an important aspect of the aut%li%industry. The significance of car services is extended t%li%various aspects of automotive users and suppliers. Car carrier services specialize in the transportation of passenger car vehicles, luxury vehicles, entire fleet of cars, as they provide a safe and reliable means. Car carrier services make the process of individual and family relocation assistance very convenient and efficient. Car dealerships heavily rely on car carrier services t%li%receive inventory. The efficient transportation of new vehicles is important for business operations.



Increasing population and demand for automotive vehicles and rapid technological advancements in the automotive industry are the tw%li%significant factors driving the growth of car carrier market. The people are shifting t%li%cities and urban areas, and the requirement for personal vehicles is als%li%growing due t%li%factors such as work commute, accessing services and recreational activities. Car carriers are utilizing vehicle monitoring systems t%li%remotely monitor vehicle conditions during transportation for checking factors such as temperature, humidity and security. Furthermore, changing government regulations and fluctuating fuel prices are tw%li%significant factors hampering the growth of the market. Governments are imposing strict emission standards t%li%eliminate pollution and climate related problems. In order t%li%meet these standards, the car carrier companies will have t%li%incur costs t%li%meet the new standards and displace the old fleet methods. Fluctuating fuel prices are leading t%li%volatility of cost for car carrier companies. The expenses related t%li%fuel comprise a substantial portion of operating costs for transportation companies. Moreover, rising globalization in automotive supply chains and growing e-commerce platforms are the tw%li%main significant factors providing an opportunity for the market growth. Globalization has enabled automotive manufacturers t%li%enter new markets and reach customers in regions where earlier there was a limited presence of automotive industry. Car carriers are playing an important role in facilitating this expansion by offering end-to-end transportation. E-commerce platforms are enabling automotive manufacturers t%li%sell vehicles directly t%li%consumers online, bypassing traditional dealership networks. This trend is increasing the requirement for car carriers t%li%transport vehicles from manufacturing facilities and distribution centers directly t%li%the customer’s location.

In August 2023, Atlanta based FVL hauler Jack Cooper Transport entered int%li%a definitive agreement and acquired assets of Moore Transport including a fleet of 240 car carrier trucks. The purchase of Moore Transport by Jack Cooper will add an additional 240 car carrying trucks t%li%Jack Cooper’s fleet. The acquisition will significantly enhance the logistics firm’s footprint along the East Coast and within the Midwest region.

In May 2023, Dongfeng commercial vehicles launched a high-end heavy-duty vehicle named Dongfeng Tianlong GX with an emphasis on intelligent logistics. The Dongfeng Tianlong GX follows China's most rigorous R&D procedure from conception t%li%mass production. With a flawlessly matched powertrain system consisting of a Dongfeng Cummins Z14 engine, an Endurant 12-speed automatic transmission, and a Dongfeng Dana rear axle, the truck is a Dongfeng Tianlong GX. By 25%, it lessens the number of gear changes when compared t%li%analogous automated manual transmission (AMT) goods. The vehicle can maximize fuel consumption and minimize driver intervention due?t%li%its 13 operating modes, which cover a range of working circumstances. The technology offers efficient performance and better fuel efficiency that is on level with foreign trucks. The main features include advanced emergency braking system (AEBS), electronic stability control (ESC), lane departure warning system (LDWS), forward collision warning system (FCWS), driver fatigue monitoring system (DMS), around view monitoring system (AVM), and tire pressure monitoring system (TPMS).

Approximately 66,000 electric buses and 60,000 medium- and heavy-duty trucks were sold globally in 2022, accounting for 1.2% of vehicle sales and approximately 4.5% of all bus sales. China is still the industry leader in the manufacture and distribution of fuel cell and electric trucks and buses. 54,000 brand-new electric buses and 52,000 predicted electric medium- and heavy-duty trucks were sold in China in 2022; these figures accounted for 18% and 4% of China's overall sales as well as around 80% and 85% of worldwide sales, respectively. Furthermore, a large number of buses and trucks marketed in North America, Europe, and Latin America are Chinese brands.

AP Moller Maersk collaborated with Kodiak Robotics Inc. and launched the first commercial autonomous trucking lane between Houston and Oklahoma City. The freight lane marks an expansion of the collaboration between Kodiak and Maersk, that started during the first autonomous freight deliveries together in November 2022 as part of Maersk’s Global Innovation Center Program. Kodiak has been delivering eight loads per week, with a safety driver behind the wheel, for Maersk customers since August.

The key players in the car carrier market are Miller Industries, Boydstun, Cottrell, Landoll, Kentucky Trailers, Delavan, Wally-M%li%Trailer, Infinity Trailer, Tec Equipment Inc., and Dongfeng Trucks. Major strategies such as product launch and collaboration were applied by players operating in the market are tracked and monitored.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the car carrier market analysis from 2022 t%li%2032 t%li%identify the prevailing car carrier market opportunities.
• The market research is offered along with information related t%li%key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers t%li%enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the car carrier market segmentation assists t%li%determine the prevailing market opportunities.
• Major countries in each region are mapped according t%li%their revenue contribution t%li%the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global car carrier market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

• Quarterly Update and* (only available with a corporate license, on listed price)
• 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
• Free Upcoming Version on the Purchase of Five and Enterprise User License.
• 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
• 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
• Free data Pack on the Five and Enterprise User License. (Excel version of the report)
• Free Updated report if the report is 6-12 months old or older.
• 24-hour priority response*
• Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)

• Investment Opportunities
• Market share analysis of players by products/segments
• New Product Development/ Product Matrix of Key Players
• Key player details (including location, contact details, supplier/vendor network etc. in excel format)
• Market share analysis of players at global/region/country level

Key Market Segments

By Type

• Open-Air Car Carrier
• Enclosed Car Carrier

By End User

• Automotive Sales Service Shop 4S
• Terminals
• Others

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia-Pacific
• Latin America
• Brazil
• Argentina
• Rest of Latin America
• Middle East and Africa
• GCC Countries
• South Africa
• Rest of Middle East And Africa
• Key Market Players
• Miller Industries
• Landoll Corporation
• Kentucky Trailers
• Delavan
• Tec Equipment Inc.
• Boydstun Equipment Manufacturing
• Wally-M%li%Inc
• Infinity Trailers
• Dongfeng Motor Company
• Cottrell Trailers

Contents

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
  1.4.1. Primary research
  1.4.2. Secondary research
  1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
  3.2.1. Top impacting factors
  3.2.2. Top investment pockets
3.3. Porter’s Five Forces Analysis
3.4. Market dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: CAR CARRIER MARKET, BY TYPE

4.1. Overview
  4.1.1. Market size and forecast
4.2. Open-Air Car Carrier
  4.2.1. Key market trends, growth factors and opportunities
  4.2.2. Market size and forecast, by region
  4.2.3. Market share analysis by country
4.3. Enclosed Car Carrier
  4.3.1. Key market trends, growth factors and opportunities
  4.3.2. Market size and forecast, by region
  4.3.3. Market share analysis by country

CHAPTER 5: CAR CARRIER MARKET, BY END USER

5.1. Overview
  5.1.1. Market size and forecast
5.2. Automotive Sales Service Shop 4S
  5.2.1. Key market trends, growth factors and opportunities
  5.2.2. Market size and forecast, by region
  5.2.3. Market share analysis by country
5.3. Terminals
  5.3.1. Key market trends, growth factors and opportunities
  5.3.2. Market size and forecast, by region
  5.3.3. Market share analysis by country
5.4. Others
  5.4.1. Key market trends, growth factors and opportunities
  5.4.2. Market size and forecast, by region
  5.4.3. Market share analysis by country

CHAPTER 6: CAR CARRIER MARKET, BY REGION

6.1. Overview
  6.1.1. Market size and forecast By Region
6.2. North America
  6.2.1. Key market trends, growth factors and opportunities
  6.2.2. Market size and forecast, by Type
  6.2.3. Market size and forecast, by End User
  6.2.4. Market size and forecast, by country
    6.2.4.1. U.S.
      6.2.4.1.1. Market size and forecast, by Type
      6.2.4.1.2. Market size and forecast, by End User
    6.2.4.2. Canada
      6.2.4.2.1. Market size and forecast, by Type
      6.2.4.2.2. Market size and forecast, by End User
    6.2.4.3. Mexico
      6.2.4.3.1. Market size and forecast, by Type
      6.2.4.3.2. Market size and forecast, by End User
6.3. Europe
  6.3.1. Key market trends, growth factors and opportunities
  6.3.2. Market size and forecast, by Type
  6.3.3. Market size and forecast, by End User
  6.3.4. Market size and forecast, by country
    6.3.4.1. UK
      6.3.4.1.1. Market size and forecast, by Type
      6.3.4.1.2. Market size and forecast, by End User
    6.3.4.2. Germany
      6.3.4.2.1. Market size and forecast, by Type
      6.3.4.2.2. Market size and forecast, by End User
    6.3.4.3. France
      6.3.4.3.1. Market size and forecast, by Type
      6.3.4.3.2. Market size and forecast, by End User
    6.3.4.4. Italy
      6.3.4.4.1. Market size and forecast, by Type
      6.3.4.4.2. Market size and forecast, by End User
    6.3.4.5. Spain
      6.3.4.5.1. Market size and forecast, by Type
      6.3.4.5.2. Market size and forecast, by End User
    6.3.4.6. Rest of Europe
      6.3.4.6.1. Market size and forecast, by Type
      6.3.4.6.2. Market size and forecast, by End User
6.4. Asia-Pacific
  6.4.1. Key market trends, growth factors and opportunities
  6.4.2. Market size and forecast, by Type
  6.4.3. Market size and forecast, by End User
  6.4.4. Market size and forecast, by country
    6.4.4.1. China
      6.4.4.1.1. Market size and forecast, by Type
      6.4.4.1.2. Market size and forecast, by End User
    6.4.4.2. India
      6.4.4.2.1. Market size and forecast, by Type
      6.4.4.2.2. Market size and forecast, by End User
    6.4.4.3. Japan
      6.4.4.3.1. Market size and forecast, by Type
      6.4.4.3.2. Market size and forecast, by End User
    6.4.4.4. South Korea
      6.4.4.4.1. Market size and forecast, by Type
      6.4.4.4.2. Market size and forecast, by End User
    6.4.4.5. Australia
      6.4.4.5.1. Market size and forecast, by Type
      6.4.4.5.2. Market size and forecast, by End User
    6.4.4.6. Rest of Asia-Pacific
      6.4.4.6.1. Market size and forecast, by Type
      6.4.4.6.2. Market size and forecast, by End User
6.5. Latin America
  6.5.1. Key market trends, growth factors and opportunities
  6.5.2. Market size and forecast, by Type
  6.5.3. Market size and forecast, by End User
  6.5.4. Market size and forecast, by country
    6.5.4.1. Brazil
      6.5.4.1.1. Market size and forecast, by Type
      6.5.4.1.2. Market size and forecast, by End User
    6.5.4.2. Argentina
      6.5.4.2.1. Market size and forecast, by Type
      6.5.4.2.2. Market size and forecast, by End User
    6.5.4.3. Rest of Latin America
      6.5.4.3.1. Market size and forecast, by Type
      6.5.4.3.2. Market size and forecast, by End User
6.6. Middle East and Africa
  6.6.1. Key market trends, growth factors and opportunities
  6.6.2. Market size and forecast, by Type
  6.6.3. Market size and forecast, by End User
  6.6.4. Market size and forecast, by country
    6.6.4.1. GCC Countries
      6.6.4.1.1. Market size and forecast, by Type
      6.6.4.1.2. Market size and forecast, by End User
    6.6.4.2. South Africa
      6.6.4.2.1. Market size and forecast, by Type
      6.6.4.2.2. Market size and forecast, by End User
    6.6.4.3. Rest of Middle East And Africa
      6.6.4.3.1. Market size and forecast, by Type
      6.6.4.3.2. Market size and forecast, by End User

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. Miller Industries
  8.1.1. Company overview
  8.1.2. Key executives
  8.1.3. Company snapshot
  8.1.4. Operating business segments
  8.1.5. Product portfolio
  8.1.6. Business performance
  8.1.7. Key strategic moves and developments
8.2. Landoll Corporation
  8.2.1. Company overview
  8.2.2. Key executives
  8.2.3. Company snapshot
  8.2.4. Operating business segments
  8.2.5. Product portfolio
  8.2.6. Business performance
  8.2.7. Key strategic moves and developments
8.3. Kentucky Trailers
  8.3.1. Company overview
  8.3.2. Key executives
  8.3.3. Company snapshot
  8.3.4. Operating business segments
  8.3.5. Product portfolio
  8.3.6. Business performance
  8.3.7. Key strategic moves and developments
8.4. Delavan
  8.4.1. Company overview
  8.4.2. Key executives
  8.4.3. Company snapshot
  8.4.4. Operating business segments
  8.4.5. Product portfolio
  8.4.6. Business performance
  8.4.7. Key strategic moves and developments
8.5. Tec Equipment Inc.
  8.5.1. Company overview
  8.5.2. Key executives
  8.5.3. Company snapshot
  8.5.4. Operating business segments
  8.5.5. Product portfolio
  8.5.6. Business performance
  8.5.7. Key strategic moves and developments
8.6. Boydstun Equipment Manufacturing
  8.6.1. Company overview
  8.6.2. Key executives
  8.6.3. Company snapshot
  8.6.4. Operating business segments
  8.6.5. Product portfolio
  8.6.6. Business performance
  8.6.7. Key strategic moves and developments
8.7. Wally-Mo Inc
  8.7.1. Company overview
  8.7.2. Key executives
  8.7.3. Company snapshot
  8.7.4. Operating business segments
  8.7.5. Product portfolio
  8.7.6. Business performance
  8.7.7. Key strategic moves and developments
8.8. Infinity Trailers
  8.8.1. Company overview
  8.8.2. Key executives
  8.8.3. Company snapshot
  8.8.4. Operating business segments
  8.8.5. Product portfolio
  8.8.6. Business performance
  8.8.7. Key strategic moves and developments
8.9. Dongfeng Motor Company
  8.9.1. Company overview
  8.9.2. Key executives
  8.9.3. Company snapshot
  8.9.4. Operating business segments
  8.9.5. Product portfolio
  8.9.6. Business performance
  8.9.7. Key strategic moves and developments
8.10. Cottrell Trailers
  8.10.1. Company overview
  8.10.2. Key executives
  8.10.3. Company snapshot
  8.10.4. Operating business segments
  8.10.5. Product portfolio
  8.10.6. Business performance
  8.10.7. Key strategic moves and development