Early morning API data showed crude oil stocks unexpectedly rose 1.845 million barrels in the week ended, gasoline stocks rose 1.821 million barrels and refined oil stocks rose 3.376 million barrels. However, as the market is highly unanimous in its expectation of tight supply and demand, it is difficult to change the situation. Investors are not very nervous about the data at the most. Oil prices have retreated somewhat, but the extent is limited, and the EIA report in the evening is more important. If the data discrepancy is relatively large, oil prices may have a more obvious reaction;
On Monday after oil prices began to high sideways shock, after entering the high from the segmentation cycle fluctuations in oil prices to see this is a typical high strong defensive adjustment structure, the absolute price performance is still strong, but Europe and the United States oil cracking profits fell back on Tuesday, the month less structure of crude oil in contraction, considering all remains strong interval, and petrol and diesel surge in many days in a row, The continuation of the subsequent adjustment still needs to be observed, and the current decline should be characterized as a phased adjustment for the time being.
As the oil price returned to near $120, international investment banks such as Goldman Sachs and Morgan Stanley, which had been silent for a long time, came out to sing the oil price again. This is a typical phenomenon in the strong oil market. For this situation, investors should view the current market rationally. It is an objective fact that the supply situation is tight in the current market and in the future, and the strong pattern of oil price is hard to shake. Therefore, the basic judgment of oil price is easy to rise and difficult to fall. But at the same time, we should also pay close attention to the potential variables in the market, including the swing of risk appetite in the financial market, the restraining effect of high oil prices on demand, and the introduction of measures to curb oil prices in major consuming countries. When participating in the market, investors should pay attention to the extreme volatility of oil prices after entering the high area. They should always do a good job in risk control and pay attention to the rhythm.
Market overview of t he trailer hitch parts
The semi-trailer market is valued at more than $29.8 million in 2021 and is projected to reach $42.8 million by 2027, with a cagR of more than 5.3% over the forecast period.
The market was negatively impacted by COVID-19 in 2021. This leads to a decrease in The industrial production of The trailer hitch parts . Subsequently, this led to low demand for semitrailers. Similarly, sales and production of The trailer hitch parts declined as supply chains in The global market were disrupted. For example, The number of units produced by Schmitz's, a well-known Semi-trailer manufacturer in Europe, declined by 28% in 2019-20. The reduced production time of The trailer hitch parts affected The company's overall productivity, resulting in a loss in The quarter.
In the medium term, the growing use of alternative fuels is likely to drive the growth outlook for the semi-trailer market during the forecast period. Semi-trailer manufacturers are adopting and developing cutting-edge technologies to improve The efficiency of The vehicle The trailer hitch parts . Similarly, German company Kassbohrer recently launched its latest semi-trailer, covering four product groups, in response to changing trends in the industry to meet the exact needs of consumers.
Due to the versatility and flexibility of roads and trailers, most transportation in the manufacturing, automotive, construction and energy sectors takes place on roads and trailers. Semi-trailers are more popular than full trailers.
The trailer hitch parts Key market trends
In the European Union, about 75% of inland freight was transported by road in 2020. In 2019, European roads carried about 1.7 trillion kilometres of goods. In recent years, the share of road freight trailer hitch parts has gradually increased, while the share of railway freight has declined.
The key factor driving the growth of the trailer hitch parts market is the increased inclination toward logistics semi-trailers. In addition, the rapid growth of e-commerce in Europe marks the core pillar of the single digital market and indicates the development of the online retail industry, which is sensing the expansion of well-organized retail space. As the e-commerce trailer hitch parts industry grows in Europe, demand for more developed trailer hitch parts distribution networks is rising. As the market continues to grow, demand is also expected to rise for all types of semi-trailers, most of which are used by commercial fleet operators, including express services, postal services and e-commerce delivery services.
It is expected that by 2025, the North American market will occupy the largest market share of trailer hitch parts
The North American Free Trade Agreement (NAFTA), which allows free trade between the US, Canada and Mexico, will lead to an increase in fleet operations in the region. This is expected to boost trailer hitch parts shipping due to increased business activity and consumer spending. Wabash, Modern Translead, Great Dane, and Utility Trailer are the major players in the North American semi Trailer market. These participants are focusing on collaborating to launch technologically advanced semitrailers. The North American semi-trailer market is currently in a replacement cycle, with an ageing semi-trailer population that needs to be replaced with technologically advanced semi-trailers. As a result, the North American semi-trailer market is expected to dominate the market in terms of value during the forecast period.
The Asia-Pacific region is expected to be the most promising trailer hitch parts market and is expected to continue this trend in the coming years. Increasing infrastructure activity and supporting investment from domestic and foreign investors are the factors leading to the growth of the Asia Pacific trailer hitch parts market. Large projects led to increased demand for trailer hitch parts s used to transport heavy machinery, driving the trailer hitch parts market during the forecast period.
The trailer hitch parts supplier manufacturer
Youcan Trailer ( https://www.youcantrailer.com ) was founded in 1999, located in Shanqiu City, Henan,China. As a professional truck trailer manufacturer, Youcan Trailer provides complete trailer solutions for all types of trailers on different scenarios. We specialized in providing aluminum tankers, fuel tankers, bulk cement t railer s , dumper trailers, tipper trailers, stake/sidewall trailers, flatbed trailers, low-bed trailers, container carrier trailers, cargo trailers, and other hundreds of products.
GET YOUR FREE QUOTE : Please describe the type of semi-trailer you want to email: sales @ youcantrailer.com . We will reply within 24hours.
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