PUBLISHER: KBV Research | PRODUCT CODE: 1511433
PUBLISHER: KBV Research | PRODUCT CODE: 1511433
Asia Pacific Car Carrier Market Size, Share & Trends Analysis Report By Type (Open-Air Car Carrier and Enclosed Car Carrier), By End User (Automotive Sales Service Shop 4S, Terminals, and Others), By Country and Growth Forecast, 2024 - 2031
The Asia Pacific Car Carrier Market would witness market growth of 7.6% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Car Carrier Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,814 Million by 2031. The Japan market is capturing a CAGR of 7% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 8.3% during (2024 - 2031).
Intense competition is a hallmark of the car carrier market, as a multitude of players vie for a portion of the market. In order to fortify their market position and improve their service offerings, these organizations consistently allocate resources to fleet expansion, advances in technology, and strategic partnerships. Mergers and acquisitions are common in the industry, enabling companies to expand their geographic reach and diversify their service portfolios.
In addition to technological advancements and competition, regulatory compliance remains a critical factor in the car carrier market. Carriers must adhere to various national and international regulations governing vehicle transportation, safety standards, and environmental sustainability. Compliance with these regulations ensures vehicles' safe and efficient movement, minimizing the risk of accidents and damage
The Indian automotive industry is one of the fastest growing in the world, with a significant focus on expanding its export markets. India exported nearly 5.6 million vehicles in FY22, up 36% YoY compared with FY21. The government's initiatives to promote the manufacturing and export of electric and hybrid vehicles also contribute to the need for specialized car carriers. For example, the Production Linked Incentive (PLI) Scheme, approved by the government of India for the automobile and auto components industry, aims to strengthen India's manufacturing capabilities to develop advanced automotive products with a budget outlay of Rs. 25,938 crore (US$ 3.25 billion). Additionally, India's expanding infrastructure and logistics networks support the efficient transportation of vehicles across the country and to international destinations. Hence, these factors demonstrate the diverse and dynamic nature of the car carrier market in the Asia Pacific region.
Based on Type, the market is segmented into Open-Air Car Carrier and Enclosed Car Carrier. Based on End User, the market is segmented into Automotive Sales Service Shop 4S, Terminals, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Infinity Trailers
- Miller Industries, Inc
- Dongfeng Motor Company
- Cottrell, Inc.
- Kentucky Trailers (Berkshire Hathaway, Inc.)
- Landoll Corporation
- Boydstun Equipment Manufacturing
- Sun Country Trailers
- Wally-Mo Inc
- Kaufman Trailers
Asia Pacific Car Carrier Market Report Segmentation
By Type
- Open-Air Car Carrier
- Enclosed Car Carrier
By End User
- Automotive Sales Service Shop 4S
- Terminals
- Others
By Country
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Asia Pacific Car Carrier Market, by Type
- 1.4.2 Asia Pacific Car Carrier Market, by End User
- 1.4.3 Asia Pacific Car Carrier Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific Car Carrier Market by Type
- 4.1 Asia Pacific Open-Air Car Carrier Market by Country
- 4.2 Asia Pacific Enclosed Car Carrier Market by Country
Chapter 5. Asia Pacific Car Carrier Market by End User
- 5.1 Asia Pacific Automotive Sales Service Shop 4S Market by Country
- 5.2 Asia Pacific Terminals Market by Country
- 5.3 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Car Carrier Market by Country
- 6.1 China Car Carrier Market
- 6.1.1 China Car Carrier Market by Type
- 6.1.2 China Car Carrier Market by End User
- 6.2 Japan Car Carrier Market
- 6.2.1 Japan Car Carrier Market by Type
- 6.2.2 Japan Car Carrier Market by End User
- 6.3 India Car Carrier Market
- 6.3.1 India Car Carrier Market by Type
- 6.3.2 India Car Carrier Market by End User
- 6.4 South Korea Car Carrier Market
- 6.4.1 South Korea Car Carrier Market by Type
- 6.4.2 South Korea Car Carrier Market by End User
- 6.5 Australia Car Carrier Market
- 6.5.1 Australia Car Carrier Market by Type
- 6.5.2 Australia Car Carrier Market by End User
- 6.6 Malaysia Car Carrier Market
- 6.6.1 Malaysia Car Carrier Market by Type
- 6.6.2 Malaysia Car Carrier Market by End User
- 6.7 Rest of Asia Pacific Car Carrier Market
- 6.7.1 Rest of Asia Pacific Car Carrier Market by Type
- 6.7.2 Rest of Asia Pacific Car Carrier Market by End User
Chapter 7. Company Profiles
- 7.1 Infinity Trailers
- 7.1.1 Company Overview
- 7.2 Miller Industries, Inc.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 SWOT Analysis
- 7.3 Dongfeng Motor Corporation
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
- 7.4 Cottrell, Inc.
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Kentucky Trailer (Berkshire Hathaway, Inc.)
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental Analysis
- 7.5.4 SWOT Analysis
- 7.6 Landoll Corporation
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 Boydstun Equipment Manufacturing
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 Wally-Mo Inc.
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 Kaufman Trailers
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. Sun Country Trailers
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
LIST OF TABLES
- TABLE 1 Asia Pacific Car Carrier Market, 2020 - 2023, USD Million
- TABLE 2 Asia Pacific Car Carrier Market, 2024 - 2031, USD Million
- TABLE 3 Asia Pacific Car Carrier Market by Type, 2020 - 2023, USD Million
- TABLE 4 Asia Pacific Car Carrier Market by Type, 2024 - 2031, USD Million
- TABLE 5 Asia Pacific Open-Air Car Carrier Market by Country, 2020 - 2023, USD Million
- TABLE 6 Asia Pacific Open-Air Car Carrier Market by Country, 2024 - 2031, USD Million
- TABLE 7 Asia Pacific Enclosed Car Carrier Market by Country, 2020 - 2023, USD Million
- TABLE 8 Asia Pacific Enclosed Car Carrier Market by Country, 2024 - 2031, USD Million
- TABLE 9 Asia Pacific Car Carrier Market by End User, 2020 - 2023, USD Million
- TABLE 10 Asia Pacific Car Carrier Market by End User, 2024 - 2031, USD Million
- TABLE 11 Asia Pacific Automotive Sales Service Shop 4S Market by Country, 2020 - 2023, USD Million
- TABLE 12 Asia Pacific Automotive Sales Service Shop 4S Market by Country, 2024 - 2031, USD Million
- TABLE 13 Asia Pacific Terminals Market by Country, 2020 - 2023, USD Million
- TABLE 14 Asia Pacific Terminals Market by Country, 2024 - 2031, USD Million
- TABLE 15 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
- TABLE 16 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
- TABLE 17 Asia Pacific Car Carrier Market by Country, 2020 - 2023, USD Million
- TABLE 18 Asia Pacific Car Carrier Market by Country, 2024 - 2031, USD Million
- TABLE 19 China Car Carrier Market, 2020 - 2023, USD Million
- TABLE 20 China Car Carrier Market, 2024 - 2031, USD Million
- TABLE 21 China Car Carrier Market by Type, 2020 - 2023, USD Million
- TABLE 22 China Car Carrier Market by Type, 2024 - 2031, USD Million
- TABLE 23 China Car Carrier Market by End User, 2020 - 2023, USD Million
- TABLE 24 China Car Carrier Market by End User, 2024 - 2031, USD Million
- TABLE 25 Japan Car Carrier Market, 2020 - 2023, USD Million
- TABLE 26 Japan Car Carrier Market, 2024 - 2031, USD Million
- TABLE 27 Japan Car Carrier Market by Type, 2020 - 2023, USD Million
- TABLE 28 Japan Car Carrier Market by Type, 2024 - 2031, USD Million
- TABLE 29 Japan Car Carrier Market by End User, 2020 - 2023, USD Million
- TABLE 30 Japan Car Carrier Market by End User, 2024 - 2031, USD Million
- TABLE 31 India Car Carrier Market, 2020 - 2023, USD Million
- TABLE 32 India Car Carrier Market, 2024 - 2031, USD Million
- TABLE 33 India Car Carrier Market by Type, 2020 - 2023, USD Million
- TABLE 34 India Car Carrier Market by Type, 2024 - 2031, USD Million
- TABLE 35 India Car Carrier Market by End User, 2020 - 2023, USD Million
- TABLE 36 India Car Carrier Market by End User, 2024 - 2031, USD Million
- TABLE 37 South Korea Car Carrier Market, 2020 - 2023, USD Million
- TABLE 38 South Korea Car Carrier Market, 2024 - 2031, USD Million
- TABLE 39 South Korea Car Carrier Market by Type, 2020 - 2023, USD Million
- TABLE 40 South Korea Car Carrier Market by Type, 2024 - 2031, USD Million
- TABLE 41 South Korea Car Carrier Market by End User, 2020 - 2023, USD Million
- TABLE 42 South Korea Car Carrier Market by End User, 2024 - 2031, USD Million
- TABLE 43 Australia Car Carrier Market, 2020 - 2023, USD Million
- TABLE 44 Australia Car Carrier Market, 2024 - 2031, USD Million
- TABLE 45 Australia Car Carrier Market by Type, 2020 - 2023, USD Million
- TABLE 46 Australia Car Carrier Market by Type, 2024 - 2031, USD Million
- TABLE 47 Australia Car Carrier Market by End User, 2020 - 2023, USD Million
- TABLE 48 Australia Car Carrier Market by End User, 2024 - 2031, USD Million
- TABLE 49 Malaysia Car Carrier Market, 2020 - 2023, USD Million
- TABLE 50 Malaysia Car Carrier Market, 2024 - 2031, USD Million
- TABLE 51 Malaysia Car Carrier Market by Type, 2020 - 2023, USD Million
- TABLE 52 Malaysia Car Carrier Market by Type, 2024 - 2031, USD Million
- TABLE 53 Malaysia Car Carrier Market by End User, 2020 - 2023, USD Million
- TABLE 54 Malaysia Car Carrier Market by End User, 2024 - 2031, USD Million
- TABLE 55 Rest of Asia Pacific Car Carrier Market, 2020 - 2023, USD Million
- TABLE 56 Rest of Asia Pacific Car Carrier Market, 2024 - 2031, USD Million
- TABLE 57 Rest of Asia Pacific Car Carrier Market by Type, 2020 - 2023, USD Million
- TABLE 58 Rest of Asia Pacific Car Carrier Market by Type, 2024 - 2031, USD Million
- TABLE 59 Rest of Asia Pacific Car Carrier Market by End User, 2020 - 2023, USD Million
- TABLE 60 Rest of Asia Pacific Car Carrier Market by End User, 2024 - 2031, USD Million
- TABLE 61 Key Information - Infinity Trailers
- TABLE 62 Key Information - Miller Industries, Inc.
- TABLE 63 Key Information - Dongfeng Motor Corporation
- TABLE 64 Key Information - Cottrell, Inc.
- TABLE 65 Key Information - Kentucky Trailer
- TABLE 66 Key Information - andoll Corporation
- TABLE 67 Key Information - Boydstun Equipment Manufacturing
- TABLE 68 Key Information - Wally-Mo Inc.
- TABLE 69 Key Information - Kaufman Trailers
- TABLE 70 Key Information - Sun Country Trailers
