|03-15-2019 12:49 PM CET - Logistics & Transport||
Semi-Trailer Market Insights | Key Players: Wabash (US), Schmitz Cargobull (Germany), Utility Trailer (US), Krone (Germany), Kögel (Germany)
Press release from: MarketsandMarkets™
According to the new market research report "Semi-Trailer Market by Type (Flatbed, Lowboy, Dry Van, Refrigerated, Tankers), Tonnage (Below 25T, 25T–50T, 51T–100T, Above 100T), Number of Axles (4 Axles), and Region - Global Forecast to 2025",published by MarketsandMarkets™, The global semi-trailer market is projected to grow from USD 25.32 billion in 2017 to reach USD 37.34 billion by 2025 at a CAGR of 4.98% during the forecast period (2017–2025).
Expanding cold chain industry, increasing use of advanced technologies such as telematics and stability control are expected to boost the demand for semi-trailer market. However, local players in the unorganized sector in developing countries are a restraining factor for the semi-trailer market. Modern technologies such as semi-trailer platooning and electric semi-trailer truck have lots of development opportunities in the near future. On the other hand, lightweight semi-trailers and lowering the total cost of ownership (TCO) will be the challenging factors for semi-trailer market in the future.
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72 - Tables
45 - Figures
136 - Pages
“Below 25t segment to remain predominant during the forecast period”
Below 25t segment is estimated to hold the largest share of the global semi-trailer market in 2017. The segment is estimated to grow at a significant CAGR and is expected to remain the largest market during the forecast period. The growth of this segment is driven by government regulations regarding weight carrying capacity for road safety.
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Major players profiled in the report are:
• CIMC (China)
• Wabash (US)
• Schmitz Cargobull (Germany)
• Great Dane (US)
• Utility Trailer (US)
• Krone (Germany)
• Kögel Trailer (Germany)
• Hyundai Translead (US)
• Lamberet (France)
• Wilhelm (Austria)
“Asia Pacific to surpass North America during the forecast period”
The North America region is estimated to hold the largest share of the global semi-trailer in the year 2017. However, Asia Pacific is projected to grow at the highest CAGR and surpass North America during the forecast period. The expansion of logistics and supply chain industry is expected to fuel the semi-trailer market in the Asia Pacific region.
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This release was published on openPR.
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