Global Semi-Trailer Market, By Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tanker, Others), Tonnage Type (Below 25 Ton, 25–50 Ton, 51–100 Ton, Above 100 Ton), Number of Axles (Less Than 3 Axles, 3–4 Axles, More Than 4 Axles), Length (Up To 45 Feet, Above 45 Feet), End User (Heavy Industry, Automotive, Chemical, FMCG, Logistics, Construction, Medical, Food and Beverage, Oil and Gas, Textiles, Others) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Semi-Trailer Market Analysis and Insights : Global Semi-Trailer Market
The semi-trailer market size is valued at USD 45.44 billion by 2028 and is expected to grow at a compound annual growth rate of 5.57% over the forecast period of 2021 to 2028. Data Bridge Market Research report on semi-trailer market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Semi-trailer is a type of a trailer which doesn’t have any shaft and the combination of one or more trailer that is used to carry carriage is called semi-trailer. These semi- trailers are broadly used in the industries such as medical, construction, oil and gas and food and beverages.
The semi-trailer market has a huge potential and is expected grow over the forecast period of 2021 to 2028, owing to the high demand for semi-trailers due to growing logistics industry. In addition, the increase in the popularity of semi-trailers over full trailers across the globe and the high demand of semi-trailers owing to its reliability and safety are also largely influencing the growth of the semi-trailer market. Also the expansion in offerings and wideness of logistics industry is another driver anticipated to flourish the semi-trailer market growth. Additionally, the high growth in retail, industrial and energy manufacturing sector and an rise in the industrial outcome are also expected to boost the growth of the semi-trailer market in the above mentioned forecast period.
However, the market of semi-trailer though has certain limitations which are expected to obstruct the potential growth of the market such as the presence of local players in unorganized sector and lightweight of semi-trailers, whereas the low TCO and maintenance cost can challenge the growth of the semi-trailer market in the above mentioned forecast period.
In addition, the rapid increase in the use of advanced technologies and rapid shift in the inclination of fleet operators to adopt semi-trailers due to various benefits, such as productivity and efficiency are projected to offer various growth opportunities for the semi-trailer market in the forecast period of 2021 to 2028.
This semi-trailer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the semi-trailer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Semi-Trailer Market Scope and Market Size
The semi-trailer market is segmented on the basis of type, tonnage type, number of axles, length and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The semi-trailer market is segmented on the basis of type into flatbed, lowboy, dry van, refrigerated, tanker and others.
- Based on tonnage type, the semi-trailer market is segmented into below 25 ton, 25–50 ton, 51–100 ton and above 100 ton.
- On the basis of number of axles, the semi-trailer market is segmented into less than 3 axles, 3–4 axles and more than 4 axles.
- Based on length, the semi-trailer market is segmented into up to 45 feet and above 45 feet.
- Based on end user, the semi-trailer market is segmented into heavy industry, automotive, chemical, FMCG, logistics, construction, medical, food and beverage, oil and gas, textiles and others.
Semi-Trailer Market Country Level Analysis
The semi-trailer market is analyzed and market size, volume information is provided by country, type, tonnage type, number of axles, length and end user as referenced above.
The countries covered in the semi-trailer market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the semi-trailer market because of the strict government norms, increase in the usage in food and beverages industry and integration of telematics in semi-trailer. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to rapid development in road infrastructure, industrial expansion and rapid urbanization.
The country section of the semi-trailer market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Semi-Trailer Market Share Analysis
The semi-trailer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to semi-trailer market.
The major players covered in the semi-trailer market report are China International Marine Containers (Group) Ltd, Wabash National Corporation, Schmitz Cargobull, Utility Trailer Manufacturing Company, KRONE, Kögel Trailer GmbH, HYUNDAI TRANSLEAD, LAMBERET SAS, Wilhelm Schwarzmüller GmbH, Doepker Industries Limited, Fontaine Commercial Trailer, Inc., Polar Tank, Trail King Industries, Pitts Trailers, East Manufacturing Corporation, Mac Trailer Enterprises Inc., Strick Trailers, STI HOLDINGS, INC, HEIL TRAILER INTERNATIONAL, and Vanguard National Trailer Corp., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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