• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / News2 / Company News3 / Q2 Trailer demand to be 44% down

Q2 Trailer demand to be 44% down

Date: 3rd June 2020 Author: Chris Anthony Comments: 0
The new lightweight tri-axle Clearspan Curtainsider Trailer from Tiger Trailers

Clear International analysts are warning that, while trailer production has restarted, second-quarter demand is likely to be 44 per cent down. At the same time, the analysts report that European countries are likely to suffer gross domestic product (GDP) drops of up to 10 per cent in 2020. The conclusions are based on the facts that, since Clear International’s last report in February, all West European countries have had their forecasts for 2020 economic growth downgraded again. All forecasts now show negative GDP growth of between -6% and -10% in 2020 with every country in recession during this year.

Indeed, according to the report published on 3 June, in 2020 all countries will have investment growth levels even lower the falls in the GDP figures: “Investment growth rates have been falling since 2017 or 2018. It is not surprising therefore that 10 countries in Western Europe saw falls in trailer demand in 2019 and the remaining five posted only small gains.”

Full-year 2020 trailer registrations to be down 28%+ across the board

Commenting on Clear International’s projections for 2020, the firm’s managing director, Gary Beecroft commented: “In 2020 however, the average fall in new trailer registrations will be 28 per cent with some countries having falls of over 30 per cent.

On the assumption that the virus is kept under control as seems to be the case at the end of May 2020, Clear envisages double digit growth of trailer demand in 2021. However, this will not be sufficient to recover the sales lost in 2020 – it will be several years before we see a return to the levels of trailer demand witnessed in 2018.

“Production of trailers was at the third highest level on record in 2018 (though well short of the 2007 figure). Therefore, pre-covid 19, the industry was achieving both high levels of output and stability. The total fall in registrations from 2018 to 2020 will be 31 per cent and the fall in production will be similar”, Beecroft explained, continuing:

“The trailer parc (fleet size) will suffer a fall in 2020 then grow very slowly in the three years that follow. At the time of writing the coronavirus outbreak is moderating in its effect on Western Europe, with the number of new infections and deaths declining. There have been modest steps towards reopening parts of the economy. The danger is that with no vaccine likely to be available before mid-2021 at the earliest, there could be second and third waves of infection, particularly after the summer.

“The supply of automotive components from China/Asia to other parts of the world has already been affected. It will take some time to re-establish the logistical links for moving parts around globally. The imposition of some tariffs and duties on international trade in recent years has already had an impact on the level of import and export activity and business confidence.”

Gary Beecroft’s thesis is that reduced trade will lead to a reduction in the demand for road transport and hence reduced demand for new trailers: “Both the value of international trade and the demand for road transport (measured in tonne-km) grew quite strongly in the 2016-18 period, but these activities appear to have stalled in some countries and regions in 2019, and will decline in 2020.”

Related news:

  1. SDC trailers bought by Chinese firm CIMC
  2. HGV trailer sales fell 6.3 per cent in 2012
  3. West European trailer market to increase 15 per cent in 2014
  4. East European trailer market stalls…again
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Related Tags

Clear International, featured, OE business, trailers, truck tyres

Advert Location 28

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
European auto markets ‘exceed expectations’ in May – GlobalData Ring’s warehouse has been operating all day, every day, albeit with a reduced level of staff and strict safety measures. Now however, it is back up to speedRing Automotive Ring warehouse offers covid security measures
Scroll to top