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Semi-Trailer Market 2025 | Size, Growth and Industry Insights

07-10-2019 07:30 AM CET | Logistics & Transport

Press release from: MarketsandMarkets

The Global Semi-Trailer Market is estimated to be USD 25.32 Billion in 2017 and is projected to grow at a CAGR of 4.98% during the forecast period to reach USD 37.34 Billion by 2025.

Some of the major drivers of the market are the expanding cold chain industry and increasing use of advanced technologies that boost the demand for semi-trailer. Innovations in semi-trailer platooning and electric semi-trailer truck can create new revenue generation opportunities for semi-trailer manufacturers.

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Some of the major players in the global market are Wabash (US), Schmitz Cargobull (Germany), Utility Trailer (US), Krone (Germany), Kögel (Germany), and Great Dane Trailers (US).

The global market is segmented on the basis of type, tonnage, number of axles, and region. The report discusses six semi-trailer types, namely, flatbed, low boy, dry van, refrigerated, tanker, and others. The other segment includes tipper and dumps semi-trailer. Dry van semi-trailer segment held the largest share in the global market and is estimated to grow with the highest CAGR during the forecast period, due to its wide applications in multiple industries. These trailers are used by LTL and FTL fleet operators for their operations because of their versatility and cost-efficiency.

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On the basis of tonnage, below 25t segment is estimated to hold the largest share of the global market in 2017. This segment is estimated to grow at a significant CAGR and is expected to remain the largest segment during the forecast period. The growth of this segment is driven by government regulations regarding weight carrying capacity for road safety.

On the basis of a number of axles, the less than 3 axles segment is estimated to account for the largest share of the global market and is anticipated to remain the largest segment during the forecast period as this type of trailers are preferred in Europe and the Asia Pacific for the transportation of load below 50 tons.

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Target Audience:

*Semi-trailer manufacturers
*Cold supply chain service providers
*Third-party logistics players
*Automobile organizations/associations
*Compliance regulatory authorities
*Government agencies
*Information Technology (IT) companies & System integrators
*Investors and Venture Capitalists (VCs)
*Suppliers of raw material for semi-trailer
*Traders, distributors, and suppliers of semi-trailer

Contact:
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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