According to our latest study on " 40-Foot Container Chassis Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Axle and Type," the market is expected to grow from US$ 1,279.41 million in 2023 to US$ 1,930.69 million by 2028; it is estimated to register a CAGR of 8.6% from 2023 to 2028.
Partnerships play a key role in the growth of the 40-foot container chassis market, as the partnered entities can help each other meet their mutual goals and cater to the shared audiences, contributing to a rise in brand awareness and sales. In August 2022, Kässbohrer, a semi-trailer manufacturer, partnered with CM Logistik Gruppe to deliver 40 gooseneck multifunctional container chassis K.SHG AMH vehicles to the latter. CM Logistik Gruppe is a service provider to many transports and logistics companies; it would help Kässbohrer create brand awareness among its customers. In addition, the new 40-foot container chassis vehicles would improve CM Logistik Gruppe's operational flexibility. Thus, strategic developments such as product launches, partnerships, and collaborations are contributing to the 40-foot container chassis market growth.
Major stakeholders in the 40-foot container chassis market ecosystem include component manufacturers, container chassis manufacturers, and end users. The component manufacturers operating in the 40-foot container chassis market offer frames, suspension systems, axles, and other components. Timely supply of all these components is crucial for the efficient operations of container chassis manufacturers. The key component manufacturers in the market include American Axle & Manufacturing Inc; BPW Bergische Achsen KG; Dana Incorporated; Hendrickson USA LLC; and Meritor, Inc. Container chassis manufacturers are key stakeholders in the global 40-foot container chassis market. The major container chassis manufacturers in the market include Chassis King Inc, Fliegl Fahrzeugbau GmbH, Cheetah Chassis Corp, Triton International Ltd, Karl Kassbohrer Fahrzeugwerke GmbH, CIE Manufacturing, Schmitz Cargobull AG, Panda Mechanical Co Ltd, Panus Assembly Co Ltd, and Pro-Haul Manufacturing Inc. End users of container chassis include ports, cargo transportation companies, and shipping companies. An increase in trade activities and the expansion of private and public ports are positively impacting the demand for container chassis among different end users.
Based on country, the Europe 40-foot container chassis market size is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. According to the International Trade Administration, Germany has a strong trading relationship with the US and is considered the sixth-largest market for US exports. Europe is focused on strengthening its logistic sector to maintain strong trading activities. For instance, according to BNP PARIBAS REAL ESTATE, the total investment in industrial and logistics in Europe rose by 51%, with US$ 77.39 billion (EUR 65 billion) in 2021 compared to 2020. This leads to the demand for large containers to transport goods, further increasing the requirement for chassis to carry 40-foot containers. Moreover, to cater to the demand from the logistics sector, several truck rental providers demand chassis to increase their business activities and revenues. For instance, Broshuis BV, a Netherland Chassis manufacturer, provided 250 additional container chassis to Niedersächsischer Nutzfahrzeug-Handel (NNH), a German truck rental agency. Since 2019, NNH has been using 100 chassis manufactured by Broshuis BV. The company again ordered 250 additional trucks, which were delivered in 2020.
Germany is a strong country in the Europe 40-foot container chassis market. According to Centurion Plus, the logistics sector is the third-largest contributor to the German economy, after automotive and retail. In addition, Germany is the largest exporter in Europe. To maintain strong logistics and trade activities, there is a significant demand for large goods and container chassis to transport the goods. FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG, a Germany-based 40-foot container chassis provider, delivered 15 trailers to FÜRMETZ LOGISTIK, Germany, in December 2022. The company is likely to deliver 20 more trailers to FÜRMETZ LOGISTIK in 2023. Such big orders from logistics companies to pace with the growing trade in the country propel the 40-foot container chassis market growth.
The 40-foot container chassis market is segmented based on axle, type, and geography. In terms of axle, the market is categorized into 2-axle chassis, 3-axle chassis, and 4-axle chassis. Based on type, the 40-foot container chassis market is subsegmented into gooseneck type, flip-up rear bolster, straight frame type, and drop frame type.
Key Findings of Market Study:
Based on axle, the global 40-foot container chassis market is segmented into 2-axles, 3-axles, and 4-axles. The 2 axles segment dominated the global 40-foot container chassis market in 2022. The 2-axle chassis is also known as tandem axle chassis. The tandem axles' extra tires allow the trailer to handle more weight compared to the single-axle chassis while remaining stable at high speeds. The high payload capacity it offers is usually enough for any general hauling purposes. Generally used for transporting ISO containers in ports, shipyards, routes, bridges, tunnels, and transfer stations, and supporting multimodal transport logistics systems. The skeleton trailer is mainly used for medium and long-distance transportation and is generally used to transport containers. The 40-foot 2-axle Container chassis are offered by various players, including Cheetah Chassis Corporation, Chassis King Inc, and Panda Mechanical Co Ltd.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com