Semi-Trailer Market size is projected to worth US$ 24.7 Billion by 2026 and the market is projected to showcase 3.4% CAGR during the forecast period 2019 to 2026. —
Heavy Industries sector are utilizing semi-trailers on large scale. The heavy industries include chemical, steel, manufacturing and mining that utilize semi-trailers for goods transportation on a large scale. Moreover, cost-effectiveness of transportation by semi-trailers is one of the major factors propelling the growth of semi-trailer market, owing to the vehicle that has high cargo-carrying capacity. Regulations and policies by governments to improve road connectivity and infrastructure is expected to drive the semi-trailer market during the forecast period. Huge investment for road connectivity in the U.S. results in development of a large road transportation and semi-trailer market. Owing to which the demand for semi-trailer market is projected to grow in the upcoming years.
Asia Pacific is anticipated to grow at a decent CAGR of over the forecast period. Rapid digitalization and increase in government regulations may be attributed to high growth in the region. Favourable government norms in terms of integration of advanced technologies in semi-trailer which is coupled with aerodynamics, particularly in India and China is anticipated to drive growth in the regional market over the coming years.
North America is expected to dominate the global market and accounted for around 30% of the total revenue in 2017. The regional market is anticipated to lose share to high growth economies of Asia Pacific. Extensive adoption of semi-trailers in various verticals including food & beverages, heavy industries, and construction may be attributed to high penetration in the region. The food & beverage industry has been expanding remarkably due to the increasing demand for packaged foods across the globe whichis expected to drive the market growth in this region over next few years.
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The key players catering to the global semi-trailer market are Schmitz Cargobull, China International Marine Containers (Group) Ltd, Utility Trailer Manufacturing Company, Kögel Trailer GmbH, Wabash National, Lamberet SAS, Shandong Arima group, Fontaine Commercial Trailer, Inc., Fahrzeugwerk Bernard Krone, Polar Tank, and Great Dane. Important strategic initiatives undertaken by global companies include partnerships, new product launch, acquisitions, and mergers. The R&D investments coupled with advanced technologies to offer highly efficient products are anticipated to offer lucrative opportunities for industry participants.
The report analyzes and forecasts the semi-trailer market at global and regional levels. The market has been forecast based on volume (tons) and value (US$ Mn) from 2018 to 2026.
The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand for district cooling during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global semi-trailer market. Porter’s Five Forces model has also been included to help understand the competitive landscape of the market.
The report also includes the regulatory scenario of different countries. The study encompasses market attractiveness analysis, wherein various end-uses of semi-trailer market have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global semi-trailer market by segmenting it in terms of end-user. These segments have been analyzed based on present and future trends. The regional segmentation includes the current and projected demand for semi-trailer in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for semi-trailer in end-use segments across all regions.
The mentioned companies have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The key active players in the market are engaged in expansion, merger & acquisition, and contract in order maintain their market share in the semi-trailer.
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In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
• Extensive analysis of semi-trailer market trends from 2018 to 2026 to identify growth opportunities and market developments
• Identification of key factors useful to build a roadmap of growth opportunities for the semi-trailer market at the global, regional, and country levels
• Comprehensive analysis with respect to investments and regulatory scenario that would subsequently impact the outlook and forecast for the global semi-trailer market between 2018 and 2026
• Detailed competition landscape of key players operating in the market to help understand the competition level
• Gross profit margin analysis, by end-user
• Detailed pricing analysis based on regional and end-user segments
Porter’s Five Forces analysis that highlights the power of buyers and suppliers
Market By Product Type
Market By Tonnage
Below 25 Tons
Between 25-50 Tons
Between 50-100 Tons
Above 100 Tons
Market By Axles
Less than 3 Axles
3 to 4 Axles
More than 4 Axles
Market By End-use Industry
Food & Beverages
Oil & Gas
Market By Geography
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Middle East and Africa (MEA)
Rest of MEA
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Release ID: 88889716