Between 2013 and 2023, the market for trailers used in the transport of goods in New Zealand decreased from 67.685 million USD in 2013 to 49.969 million USD in 2023. The sector experienced varied year-on-year growth, with significant fluctuations, notably a sharp 18.47% drop in 2020, followed by a substantial 20.71% recovery in 2021. Over the last five years, the compound annual growth rate was slightly negative at -1.77%, indicating a general decline, albeit less steeply than in earlier periods.
Future trends to watch include:
- Potential technological advancements increasing trailer efficiency.
- Economic recovery potentially spurring market growth.
- Regulatory and environmental policies impacting demand.
