Light Car Trailer Market To Witness A Significant Growth Of USD 2.12 Billion By 2030
San Francisco, 24 Jan 2023: The Report Light Car Trailer Market Size, Share & Trends Analysis Report By Type (Utility Light Car Trailer, Recreational Light Car Trailer), By Axle, By Product, By Design, By Region, And Segment Forecasts, 2022 - 2030 The global light car trailer market size is expected to reach USD 2.12 billion by 2030, expanding at a CAGR of 3.7% from 2022 to 2030, according to a new report by Grand View Research, Inc. The rapid growth of the tourism sector due to high disposable income and the rising inclination of people towards recreational activities across the world is driving the market. Additionally, light car trailer manufacturers are focusing on developing customizable and cost-effective trailers according to specific customers’ demands, in turn, driving the market. Furthermore, it provides low cost in the transportation of goods such as cargo items, perishable goods, building supplies, and loose materials, which, in turn, stimulates industry expansion.