Market Definition / Research Scope
For the purpose of this market researchreport, Semi-Trailer is defined as a trailer that does not host a front axle but is rather supported by a road tractor or a detachable front axle.It also has a smaller turningcircle. The semi-trailer is connected with the road truck with the use of the fifth wheel and a component called the kingpin. Different types of semitrailer are flatbed trailer, lowbed trailer, cargo trailer, log trailer. Semitrailers are most commonly used for long distance transport. The benefit of using the semitrailer is that doubling the weight of the cargo does not double the fuel consumption because the air resistance remains the same.
Internet Radio Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 7% during the forecast period of 2020 to 2027.
Semi-Trailer Market Growth and Trends
The Asia Pacific, North America and a greater part of Europe are the largest market for semi trailers and is expected to register a 5% CAGR market growth as predicted between 2020- 2025.
Semi-trailers are segmented into flatbed, lowboy, dry vans, refrigerated, tanker and other vehicles. They have axel numbers of less than 3, 3-4, and greater than 4 axles as they are generally segmented into various categories based on their features.
Semi-trailers are versatile and flexible vehicles that are major road transport means for manufacturing, construction, heavy industries, medical and energy sectors.
One of the biggest growth forces of semi-trailers are the laws inhibiting fuel/ emergence of fuel substitutes. Advanced technologies are being employed by semi-trailers producers in order to match this market demand. Semi-trailers with less than 3 axles are expected to experience the largest boost in the market as they are preferred in Europe and Asia. Asides 3 axle semi-trailers, Dry vans and refrigerated semi-trailers will also experience a massive boost especially in Asia Pacific
Due to rapid infrastructural growth in the Pacific, there would likely be a rapid market demand for dry van semi-trailers.
This is greatly because its convenient and suitable for use in retail companies and fast moving consumable goods (FMCG) industries.
The increased demand for frozen foods is also attracting a serious demand pull for the refrigerated semi-trailers. Refrigerated semi-trailers are designed to carry frozen food products, they utilize carbon dioxide and have small diesel engines.
Due to the green law in lots of countries, the refrigerated semi-trailers market has been pushed toward advanced technology. Major manufacturing companies such as Dearman system in collaboration with paneltex are gradually working towards the adaptation of emission free engines that would be environmentally friendly. The emergence of the Dearman TRU is a sure proof of this advancement. The Dearman TRU is a great example of an environmentally friendly emissions vehicle. This turn around would inevitably cause a market expansion for semi-trailers.
Semi-Trailer Market Regional Analysis
Soaring fuel prices and stringent environmental regulations are expected to escalate the demand for advanced trailer technologies globally inflating the semi-trailer market. The Asia Pacific region is scaled to dominate the market holding the leading shares with fast pacing increase in inland transportation and rising investments in infrastructure with construction activities.
Also, North America is synonymously expected to stride ahead with maximum shares in the global market owing to seamless budding demands from the logistics sector. Europe is also expected to emerge as a rapidly growing market with stringent emission norms implemented in place and high replacement demand in the region.
The Middle East is anticipated to simmer a surmised growth in the market with growing operations in the e-Commerce and logistics sectors and increased exports in the region
Semi-Trailer Market Share and Competition
Key companies operating in this industry are: Daimler AG, Schmitz Cargobull, Great Dane, Utility Trailer, Paccar, Volvo, Wabash National Corporation, Fontaine, Hyundai Translead, Navistar, Kogel Trailer Gmbh, Schwarzmuller Group, CIMC, Liangshan Huayu, SINOTRUK, FAW Siping and Huida Heavy.
Semi-Trailer Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Up To 50 Tonnes
• 50-100 Tonnes
• 100+ Tonnes
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Cement Industry
• Food Industry
• Chemical Industry
• Logistics Industry
• Oil and Gas Industry
• Other
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Semi-Trailer Market Companies
• Daimler AG
• Schmitz Cargobull
• Great Dane
• Utility Trailer
• Paccar
• Volvo
• Wabash National Corporation
• Fontaine
• Hyundai Translead
• Navistar
• Kogel Trailer Gmbh
• Schwarzmuller Group
• CIMC
• Liangshan Huayu
• SINOTRUK
• FAW Siping
• Huida Heavy
Available Versions:-
United States Semi Trailer Market Research Report
Europe Semi Trailer Market Research Report
Asia Pacific Semi Trailer Market Research Report
India Semi Trailer Market Research Report
