Global Semi-Trailer Market

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Global Semi-Trailer Market was valued at US$ 28.9 Bn. in 2019 and is expected to reach US$ 25.02 Bn. by 2026, at a CAGR of 6.1% during a forecast period.

Global Semi-Trailer Market was valued at US$ 28.9 Bn. in 2019 and is expected to reach US$ 25.02 Bn. by 2026, at a CAGR of 6.1% during a forecast period.

Global Semi-Trailer Market

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Global Semi-Trailer Market Overview:

A semi-trailer is a trailer without a front axle. The semi-trailer brings large freight. In the current scenario, many types of semi-trailers are used, like flatbeds, freight vans, tank trailers and refrigerated vans.

The major factors responsible for the growth of the semi-trailer market are the developing FMCG sector, increasing cold chain industry, and growing use of advanced technologies like stability and telematics control. However, the global semi-trailer market is hampered by lightweight semi-trailers and dropping the total cost of ownership (TCO). The MMR report focuses on semi-trailer value and volume at the global, regional and company level. From a global perspective, the MMR report represents the overall Semi-Trailer market size by studying historical data and future prospect.
North America Semi-Trailer Market is expected to grow at the largest CAGR of XX% over 2020-2026.

The semi-trailer market in North America is currently in its replacement cycle, with an aged semi-trailer population that necessities to be replaced with technologically advanced semi-trailers. Hyundai Translead, Wabash, Utility Trailer and Great Dane are the major players operating in the North American semi-trailer market. These major players are focusing on collaborations to launch technically advanced semi-trailers. Such as, in 2020, Wabash National Company, along with eNow and Carrier Transicold’s all-electric refrigeration technologies, signed a partnership that provides thermally ecofriendly, efficient refrigerated hauling.

Global Semi-Trailer Market 1
European Semi-Trailer Market

Global Semi-Trailer Market 2

The European semi-trailer market is expected to show steady growth, with the UK and Germany being major performers. Most of the major countries of Europe are projected to have higher business investments in the future. This would positively impact the European semi-trailer market. Germany semi-trailer market is expected to see growth in the form of exports and increased production levels in the future.

The major three German giants-Schmitz Cargobull AG, Kogel and Fahrzeugwerk Bernard KRONE GmbH does not only dominate the European semi-trailer market but are also expanding operations in developing economies.
Asia Pacific Semi-Trailer Market

Asia Pacific semi-trailer market has experienced major growth in the past couple of years. The region involves some of the fastest-growing countries, including China, South Korea and India. With developments taking place at a rapid pace, the logistics industry in APAC is growing. The high growth of development in these countries provides new opportunities in the APAC semi-trailer market. The rise in the overall industrial production has led to increased freight transportation, driving the demand for the semi-trailers market in this region.
Semi-trailer sales by Coutries:

Global Semi-Trailer Market 3
Global Semi-Trailer Market Segmentation:

Based on type, the dry van segment is expected to grow at the largest CAGR of nearly 9.84% during the forecast period. This growth is attributed to the wide usage of the dry van in major countries likes and Mexico. There are many advantages of dry vans as compared to other trailer type segments for example the dry van trailer aids in protecting the goods from bad weather robbery.

By number of axles, the 3 axles segment dominated the global hazard control market in 2019, accounting for a share of 8.03%. The legally allowable load which can be transported on a semi-trailer depends on the number of axles of a semi-trailer. Therefore, it can be decided that government regulations on weight limits, is driving the 3 axles segment. Likewise, the MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the semi-trailers market size.
Impact of COVID-19 on Global Semi-Trailer Market:

The significant impact of COVID-19 on the semi-trailer market globally. Both the sales production of new semi-trailers came to a halt across the world as the whole ecosystem got disrupted. For example, Schmitz is a European well-known manufacturer witnessed a decline of nearly 28% for units produced in between 2019-2020.
Competitive Landscape:

In recent years, major players in the semi-trailers market have taken several strategic measures, for example, facility expansions and partnerships.

The objective of the report is to present a comprehensive analysis of the Global Semi-Trailer Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Semi-Trailer Market dynamics, structure by analyzing the market segments and project the Global Semi-Trailer Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Semi-Trailer Market make the report investor’s guide.

Global Semi-Trailer Market 4
Global Semi-Trailer Market, Key Highlights:

• Global Semi-Trailer Market analysis and forecast, in terms of value.

• Global Semi-Trailer Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Semi-Trailer Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Semi-Trailer Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Semi-Trailer Market are also profiled.

The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of the Global Semi-Trailer Market: Inquire before buying

Global Semi-Trailer Market, by Type

• Flatbed
• Lowboy
• Dry Van
• Refrigerated
• Tankers
• Others
Global Semi-Trailer Market, by Length

• Up to 45 Feet
• Above 45 Feet
Global Semi-Trailer Market, by Tonnage

• Below 25 T
• 25 T-50 T
• 51 T-100 T
• Above 100 T
Global Semi-Trailer Market, by Number of Axles

• 3 axles
• 3-4 axles
• 4 axles
Global Semi-Trailer Market, by End-Use

• Heavy Industry
• Chemical
• Automotive
• Oil Gas
• Healthcare
• Logistics
• Others
Global Semi-Trailer Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East Africa
• South America
Global Semi-Trailer Market Key Players

• China International Marine Containers
• Wabash National
• Schmitz Cargobull
• Great Dane
• Utility Trailer Manufacturing Company
• Fahrzeugwerk Bernard Krone
• Kögel Trailer
• Hyundai Translead
• Lamberet
• Wilhelm Schwarzmuëller
• Stoughton Trailers, Llc
• Felling Trailers
• Kentucky Trailers
• Pitts Trailers
• Premier Trailers
• Wielton SA
• Sdc Trailers Ltd.
• Dennison Trailers Ltd
• Kassbohrer
• Van Hool
• Montracon
• Rac Germany
• Satrac
• Vazron

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