Semi-Trailer Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global semi-trailer market is anticipated to grow at a CAGR of 5.2% during the forecast period (2022-2028). A semi-trailer is defined as a trailer without a front axle having wheels at the back, however, supported at the front by a towing vehicle. The market growth is majorly attributable to the growing manufacturing related activities, coupled with the demand for effective transportation, and investments to develop innovative technologies to be implanted in semi-trailers. For instance, in September 2020, Great Dane and Aurora Parts & Accessories, LLC entered a partnership to provide intelligent solutions to the goods mobility industry with Aurora's aftermarket operational expertise, distribution services, and cutting-edge digital platforms. Further, in October 2019, Great Dane and Cortex entered a technological partnership surrounding the Fleet Pulse smart trailer solution. Together they aim to achieve solutions for refrigerated fleets as a seamless, single source of data from the combination of data from the combined trailer and reefer unit and eliminate the annoyance of multiple subscriptions.

Some key players operating in the market include China International Marine Containers, Wabash National, and Schmitz Cargobull AG, among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in 2020, Wabash National, along with eNow and Carrier Transicold's all-electric refrigeration technologies, signed a partnership that offers thermally efficient, ecofriendly refrigerated hauling. The large gain in thermal efficiencies allows the customer to downsize the batteries required to haul cargo and increase the runtime on a battery setup.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Number of Axles
•By Tonnage
•By Length
•By End-User
•Regions covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape: China International Marine Containers, Wabash National, and Schmitz Cargobull AG, among others.

A full report Semi-Trailer Market of is available at:  https://orionmarketreports.com/semi-trailer-market/102758/

Global Semi-Trailer Market Report by Segment
By Type
•Flatbed
•Lowboy
•Dry Van
•Refrigerated
•Tankers
•Others
By Number of Axles
•4 Axles
By Tonnage
•Below 25T
•25T-50T
•51T-100T
•Above 100T
By Length
•Up to 45 Feet
•Above 45 Feet
By Type
•Chemical
•FMCG
•Automotive
•Healthcare
•Logistics
•Oil and Gas
•Heavy Industry
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 
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This release was published on openPR.