The new report by Expert Market Research titled, ‘Global Semi-Trailer Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global semi-trailer market, assessing the market based on its segments like types, foot length, tonnage, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 5.6%
The flourishing logistics sector across the globe is one of the major applications of semi-trailers and is thus significantly augmenting the growth of the market. This can be attributed to the boom of the e-commerce industry which majorly relies on road transportation for the delivery of goods. The availability of different types of semi-trailer trucks like flat bed, dry vans, refrigerates, and tankers being readily employed for different products is another factor propelling the growth of the market. The changing lifestyles and the boom of the e-commerce are projected to support the growth of the market.
Industry Definition and Segmentation
A semi-trailer is usually defined as a trailer without a front axle. A large proportion of its weight is handled by a road tractor unit and is usually used for carrying large loads due to its long cargo bed structure.
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On the basis of type, the market can be divided into:
• Flat Bed
• Dry Vans
• Refrigerated
• Lowboy
• Tankers
• Others
The market, based on foot length, can be segmented into:
• Up to 45 Foot
• Above 45 Foot
Based on tonnage, the market can be divided into:
• Below 25 Ton
• 25-50 Ton
• 51-100 Ton
• Above 100 Ton
On the basis of end-use, the market can be categorised into:
• Automotive
• Chemical
• FMCG
• Healthcare
• Heavy Industry
• Logistics
• Oil and Gas
• Others
The regional markets for the product include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The rising focus on ecological modes of transportation is a major factor shaping the semi-trailer industry with the development of electronic and fuel-efficient semi-trailers. The growing focus on sustainable development around the world is leading to the introduction of semi-trailers with environmentally friendly features. This can be attributed to the rising issues of global warming, air pollution, and degrading air quality caused by the increased fuel combustion. Additionally, the growing preference for cold-chain products like poultry, fresh fruits and vegetables, and FMCG products is providing impetus to the market.
Key Market Players
The major players in the market are East Manufacturing Corporation, Hyundai Translead, Inc., Schmitz Cargobull AG, Wabash National Corporation, Great Dane LLC, and Kögel Trailer GmbH & Co., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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