Semi-Trailer Market Size, Growth, Trends 2018 Global Industry Analysis By Segments, Regions, And Key Players Forecast To 2023

Semi-Trailer Market to grow at rapid pace by 2018 to 2023, according to “Global Semi-Trailer Market Analysis Report” published by Market Research Future. Semi-Trailer Market analysis done by Type (Flatbed, Lowboy, Dry van, Refrigerated, Tankers, Others), By Tonnage (Below 25 t, 25 t – 50 t, 51 t – 100 t and Above 100 t), By Axle count (3 axles, 3–4 axles, 4 axles) and By Region.

Global Market Overview:

The semi-trailer market is diverse and there are a wide variety of sizes and configurations that are employed to meet the wide range of freight demands. The semi-trailer market is expected to grow significantly over the forecast period. This is due to the growth in GDP per-capita, the aging demography, and the growth in the international inbound and outbound tourism in various countries, all over the globe.

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Semi-Trailer Market Key Companies Studied in this report are:

Wabash National Corporation (US), Schmitz Cargobull (Germany), Kögel Trailer GmbH & Co.KG (Germany), and Great Dane Trailers (US), American Trailer & Storage (U.S.), PACCAR Inc. (U.S.), China International Marine Containers (Group) Co. Ltd. (China), Utility Trailer Manufacturing Company (the U.S.), Schmitz Cargobull AG (Germany), and Great Dane Limited Partnership (the U.S).

The market is expected to have growth opportunities in the forecast period with the rapid adoption of modern technologies such as semi-trailer platooning and electric semi-trailer truck. The market is also expected to grow with the adoption of electronic braking systems, as an opportunity. However, the growth of this market is expected to be restrained by the existence of local players in unorganized sector, and transportation of goods through sea and air. The growth of this market could also be challenged by lightweight semi-trailers and lowering the total cost of ownership (TCO). A tractor with a semi-trailer has an articulation point (where it pivots), which makes backing up more complex, thereby restraining the growth of the market. Tractor semi-trailers account for the largest percentage of vehicle-kilometers traveled, leading to the growth in fuel consumption and emissions from heavy-duty vehicles. Thus, tractor semi-trailers are expected to represent majority of the diesel fuel use and greenhouse gas (GHG) emissions from the on-road heavy-duty sector, which will in turn demand for higher R&D for the development of efficient tractor semi-trailers.

Based on type, the market has been segmented as flatbed, lowboy, dry van, refrigerated, tankers and others. Amongst these, dry van segment is expected to hold the largest share of the market, during the forecast period, owing to the huge production of such type of semi-trailers, across the globe. Dry vans represent majority of the sales in the market and constitute a large percentage of total semi-trailer miles travelled. The van semi-trailer market is highly consolidated, with the top five companies making up the majority of the share in the market size of the semi-trailer market. Worldwide, freight vehicles are a major contributor in fuel consumption and climate change emissions in the on-road transportation sector. Thus, semi-trailers that are used as freight vehicles, are expected to grow significantly over the forecast period.

Developing countries such as China and India are witnessing significant infrastructural and economic growth, which in turn leads to an increase in the demand for dry van semi-trailers. The other factors driving the growth of this segment are the growth in retail, fast moving consumable goods and fast moving consumable durable industries.

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This release was published on openPR.